Sr. Analyst, US Pricing and Contracting

Abbott•Austin, TX

8d•$86,700 - $173,300•Onsite

About The Position

We have an opportunity for a Sr. Analyst, US Pricing and Contracting, in our US Structural Heart business, which is leading the way for structural heart therapies and challenging current treatment options to change the course of patient care. With a comprehensive portfolio designed to treat a broad range of patients with structural heart diseases, from infants to elderly patients. The location for this position is our office in Austin, TX. The role is pivotal in supporting the US Sales organization in tracking, driving and analyzing our SH contracts/rebate amendments and pricing strategy. The position uses excellent analytical skills to proactively improve internal reporting, models, and metrics. The role collaborates with Finance, Commercial and Enterprise sales leadership and will lead all pricing and contracting analysis work. This position reports to the Sr. Manager US Pricing Solutions Heart Valves within the Global Pricing organization.

Requirements

Bachelor’s degree in the field of Business, Finance or Marketing required
>5 years of relevant experience in pricing/pricing analytics in healthcare environment
Strong analytical skills, financial acumen, including forecasting and pricing
Proficient in the use of MS office (advanced skills in Excel), Smartsheet, PowerBI, …
Demonstrated organizational skills, attention to detail, ability to work under general supervision and the ability to handle multiple projects simultaneously.
Demonstrated interpersonal communication and presentation skills, including the ability to listen, resolve moderately complex problems, deal with unresolved issues, delays and unexpected events, while effectively communicating and maintaining rapport with Sales organization
Ability to work in a highly matrixed and geographically diverse business environment.
Ability to work within a team and as an individual contributor in a fast-paced, changing environment.

Responsibilities

Monitor, analyze and report price/rebate achievements on an IDN/account level
Develop & publish pricing KPI’s, providing context and analysis on the drivers and performance
Provide reports and analysis for Sales leadership and prepare analysis for quarterly business reviews for Top 50 accounts (internal as well as external)
Provide analytics and benchmarks to assist in establishing pricing/rebate strategy and tactics
Build forecast models, pricing sensitivity and elasticity analysis for existing and new product offerings and develop tools and pricing models to analyze pricing requests.
Measure effectiveness of pricing strategies. Track and measure incremental sales and margin associated with price changes.
Assist with training of sales organization, and other functions on pricing tools, policies, and procedures. Analyze current pricing rules and make recommendations to improve. Actively participate in cross-functional teams to develop a price setting and approval process.
Follow all management approved processes and procedures; alerts management when circumstances require deviation to the approved processes and procedures.
Collaborate with Commercial Excellence to ensure tools and processes support pricing strategy/approach and are being fully utilized

Benefits

Career development with an international company where you can grow the career you dream of.
Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
An excellent retirement savings plan with a high employer contribution
Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.
A fast-paced work environment where your safety is our priority
Production areas that are clean, well-lit and temperature-controlled
Training and career development, with onboarding programs for new employees and tuition assistance
Financial security through competitive compensation, incentives and retirement plans
Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
Paid time off
401(k) retirement savings with a generous company match
The stability of a company with a record of strong financial performance and history of being actively involved in local communities