Sr. Contract Analyst

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

     

JOB DESCRIPTION:

Job Title

Sr. Contract Analyst

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:

• 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 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

The Sr. Contract Analyst works out of either our St. Paul, MN location in the Vascular Division. This is a fully onsite role.

Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease.

The Sr. Contract Analyst will Develop and maintain a robust process to measure, enforce, and report contract compliance. Analyst has an in depth understanding of business systems, contract structures and complex business issues involving local hospitals, IDNs and GPOs. Analyst has ability to articulate key conclusions resulting from analysis and make recommendations. Attention to detail is required.

What You’ll Work On

• Responsible for compliance rate of contracts that contain performance terms. Works with Customers, Contract Operations Management, the Field Sales Organization, Commercial Legal and cross-functional teams to keep contracts compliant under the terms of the agreement and remedy non-compliance issues.
• Provides formal and informal written and verbal updates to Customers, the Field Sales Organization, Contract Operations Management, Commercial Legal and other cross-functional groups.
• Builds mathematical models & tools to determine payout amounts and track contract performance.
• Reviews sales performance and proactively works with the Field Sales Organization to develop resolution strategies for under-performing contracts.
• Understands internal and external business challenges and recommends best practices to improve processes and services.
• Identifies and routinely uses the most effective, cost efficient and best business practices to execute processes; continually evaluates their effectiveness and appropriateness.
• Manages communication and awareness of contractual obligations with all levels of internal and external customers to include sales reps and hospital representatives.
• Solves complex problems, exercising sound business judgment to make recommendations based on the analysis of multiple sources of information.
• Trains field sales and sales management, and contract operations on procedures as needed. Establishes training protocol and keeps manager apprised of training progress and issues.
• Responsible for conducting contract compliance reviews in a timely and accurate manner.
• Capable of working in a matrixed organization.
• This includes database maintenance, process refinement, MS Excel log updates, and close interaction with field sales & customers.
• Develop and build databases for use in analyzing sales activity, contract activity, compliance, and contract life cycle management.
• Conduct business analysis of large data sets, articulate key conclusions, and provide succinct PowerPoint presentations of analysis to Senior Management.
• Support various internal departments as needed to create databases, and respond to requests for information regarding historical contract information, price points, churn reports or s