Principal Contract Analyst - Cardiovascular Enterprise Accounts - Minneapolis, MN
MedtronicAbout the role
At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the Life
Responsibilities may include the following and other duties may be assigned.
Develop and implement pricing and contract strategies for Integrated Distribution Networks (IDN), Group Purchasing Organizations (GPOs) and Aggregations that are consistent with corporate objectives and support the Enterprise sales strategies.
Advise commercial stakeholders on pricing and contracting strategies that drive revenue growth and offer long-term contractual sustainability.
Partner with business partners in pricing and marketing to recommend pricing and contracting approaches to new product introductions, including identifying target customers for early adoption of new technologies.
Support the contracting needs of the assigned Enterprise targets. This includes executing on pricing strategies, strategy development in response to customer pricing requests and complying with the price governance process. Complete hospital requests in a timely manner in accordance with Medtronic pricing strategies, terms, and conditions.
Provide robust and accurate pricing analysis. Negotiate pricing under parameters as set forth by management in conjunction with Sales, Legal and Marketing. Provide rationale behind pricing approvals to help facilitate positive outcomes in pricing discussions.
Support proposal preparation, contract negotiation, contract administration, and customer contact activities to provide for proper contract acquisition and fulfillment in accordance with company policies, legal requirements, and customer specifications.
Act as a liaison between Enterprise Accounts & Services and the Operating Units.
Support the Commercial Transformation big deal process
Provide comprehensive business reviews, enable programs and contracts to drive revenue, monitoring pricing integrity, and protecting margin will be key responsibilities.
Participate in cross-functional teams to develop strategy and tactics for key business initiatives across different functional areas.
Support quarterly business review efforts with regional offices and local sales teams as needed.
Required Qualifications:
Bachelor’s Degree with 7+ years of relevant work experience OR
Advanced Degree with 5+ years of relevant work experience.
Nice to Have Qualifications:
Master’s degree in business administration, or a related field.
Strong understanding of contract law and principles.
Exceptional attention to detail and ability to manage multiple contracts simultaneously.
Experience in the medical device or healthcare industry.
Familiarity with regulatory requirements and compliance in the healthcare sector.
Demonstrated ability to drive continuous improvement initiatives.
Experience with SAP or other enterprise resource planning (ERP) systems.
Strong project management skills and experience with project management tools.
Ability to influence and build strong relationships with stakeholders at all levels.
Excellent negotiation, analytical, and problem-solving skills.
Proficiency in pricing and analytics software and Microsoft Office Suite.
Strong communication skills, both written and verbal.
Ability to work collaboratively with cross-functional teams.
Proven record of accomplishment of managing complex contracts in a fast-paced environment
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employ
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