Contract Specialist - MedTech - Remote
SolventumAbout the role
Job Description:
Solventum, a healthcare company with a rich history
Our company is built on a trusted legacy of solving big healthcare challenges that improve patient lives while enabling healthcare professionals to perform at their best. People, and their well-being, are at the heart of every scientific advancement we pursue. We partner closely with the best minds in healthcare — guided by empathy, insight, and clinical intelligence — to solve our customers’ toughest challenges.
Our ultimate goal? Move humanity forward by improving health for everyone. Because at Solventum, we never stop solving for you.
The impact you’ll make in this role
As a Contract Specialist you’ll work alongside sharp, inquisitive minds from a wide spectrum of backgrounds and disciplines. Together, you'll explore new ideas, challenge assumptions, and shape solutions that make a real-world impact by:
You will assist in the preparation, development, and processing of commercial contracts, amendments, and pricing agreements. Compile, track, and analyze data for completion of requests for proposals and ad-hoc reporting. Ensure contract compliance, accurate pricing, reporting, and maintain up-to-date group membership information. Analyze contract sales and calculate all applicable administrative fees. Maintain contract agreement templates and workflow documentation, and support all policies related to contract activity.
You will also implement new processes and procedures as identified by the team and stakeholders to ensure continuous improvements for monitoring, detection, and response capabilities. You will help lead our mission to protect Solventum by collaborating with our key stakeholders and business partners to develop new strategies.
As a Contract Specialist, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact by:
- Reviewing, analyzing and editing contract language to address business needs while protecting Solventum and minimizing risk
- Providing counsel to business teams on various contracting methodologies and strategies
- Consulting others regarding Solventum business practices and policies as they relate to or impact contracting
- Preparing for, and facilitating, contract negotiations
- Calculate commercial administration fees
- Understanding and utilizing systems and data to support business objectives and to fulfill contract requirements
- Create ad hoc reports; extract and analyze raw data to provide information requested by sales team, such as customer verification, product and pricing agreements, sales volumes, etc.
- Understanding the impact of various changes in contractual language and the ability to discuss those changes with impacted internal teams and management
- Initiating contract implementation
- Working collaboratively and effectively with a highly matrixed team to meet compressed timelines
- Working with internal clients and external customers to reach resolutions to complex and nuanced issues
Your skills and expertise
These are the core capabilities and experiences essential to make an impact:
Required Qualifications:
- Bachelor’s Degree or higher from an accredited institution and
- Five (5) years’ experience in business, technical, and/or legal contracting
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