Principal Pricing Analyst

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.

Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.

Overview:  The Principal Pricing Analyst will be responsible for enhancing and improving the pricing process and models to align with the Company’s pricing strategy. Focused on the Provider Business Unit software products. 

Duties and Responsibilities:

• Enhance the pricing process to more closely align with the Company’s pricing strategy.
• Improve pricing models to better leverage existing internal market and product intelligence, enhancing the accuracy of pricing and better articulating the value proposition of the company’s product offerings.
• Assume hands-on role in transitioning and maintaining excel pricing models into Salesforce CPQ system.
• Support mid-size to large size Business Unit in Pricing Strategy and Contract reviews.
• Develop and prepare complex pricing proposals in response to customer requirements.
• Create and own tracking system for all financial exceptions in customer contracts.
• Collaborate closely with Inside/Outside Sales, Finance, Legal, and Product Development teams.
• Own monthly, quarterly, and ad hoc management reporting and supporting analysis and insight by providing support to FP&A Team.
• Promote and ensure compliance with of company’s standard pricing processes.
• Maintain compliance with Inovalon’s policies, procedures and mission statement.
• Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position.
• Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer.

Job Requirements:

• 8+ years of experience in pricing, finance, sales operations, business management, technology or relevant experience.
• Ability to meet deadlines and work under pressure on multiple concurrent projects.
• Excellent analytical skills and the ability to extrapolate data, interpret, and create course of action; strong Excel skills, particularly the ability to build and enhance models.
• Experience with business technologies especially Salesforce.com;
• Strong project management skills and experience.
• Ability to keep track of timelines and deliverables work under firm deadlines within a rapidly changing environment involving multiple projects and initiatives.
• Excellent verbal, presentation and written communication skills.
• Experience with Configure-Price-Quote technology a plus.

Education:

• Associate’s Degree in relevant field, Bachelor’s Degree preferred.

Physical Demands and Work Environment:

• Sedentary work ( i.e. sitting for long periods of time).
• Exerting up to 10 pounds of force occasionally and/or negligible amount of force.
• Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions.
• Subject to inside environmental conditions.
• Travel for this position will include less than 5% locally usually for training purposes.

Inovalon Offers a Competitive Salary and Benefits Package

In addition to the base compensation, this position may be eligible for performance-based incentives.

The actual base pay offered may vary depending on multiple factors including, but not limited to, job-related knowledge/skills, experience, business needs, geographical location, and internal equity.  At Inovalon, it is not typical for an individual to be hired at or near the top end of the range for their role, and compensation decisions are dependent upon the facts and circumstances of each position and candidate.

Inovalon invests in associates to help them stay healthy, save for long-term financial goals, and manage the demands of work and personal commitments. That’s why Inovalon offers a valuable