Senior Pricing Strategy Analyst
Senior Pricing Strategy Analyst
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$ 83200 - 124800
1 Vacancy
Job Description
At Medtronic you can begin a life-long career of exploration and innovation while helping champion healthcare access and equity for all. Youll lead with purpose breaking down barriers to innovation in a more connected compassionate world.
A Day in the Life
This is an exciting opportunity for a high potential analytical pro-active candidate to join the US Pricing Strategy Team. This position will focus on Cardiovascular Portfolio pricing initiatives in a collaborative environment which values your insight encourages continuous learning and promotes innovation.
This role as a Senior Pricing Strategy Analyst is an integral role responsible for defining market value (price setting) driving revenue & profit optimization executing pricing governance pricing operations advanced analytics and leading price management (price getting) for a defined Operating Unit (OU) or Portfolio. As a key member of the US Pricing Strategy Team you will support the objectives of the US Region through driving effective and efficient business decision making while maximizing financial results. Optimizing ASPs and continually improving best in class strategy and execution is a key goal.
At Medtronic we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. Were working onsite 4 days a week as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.
A Day in the Life:
Product Launch Strategy: Downstream and upstream modeling and analysis market execution and performance analysis
- Develop pricing models to support product feature selection and portfolio development for current and future products
- Perform revenue modeling to set new product price premiums considering customer segments
- Develop execution plans (account planning) tracking metrics and analytics post launch
- Present and gain alignment with business leadership on pricing strategies
- Partner to ensure product pricing models support market dynamics successful implementation and drive launch goals
Pricing Governance: Manage governance process floors deal review and approvals; improve outcomes to increase profitability and achieve OU objectives
- Develop governance process that is aligned to Global Region governance process
- Manage the pricing approval process with focus on efficiency and adherence to policy
- Workshop and advise on targeted deals to drive improved outcomes
- Approval authority on deals within price bands
- Create deal analytics requirements and advise on pricing systems and tools
- Develop and train sales and contracting teams on tools price strategies and processes
Pricing Lead: Lead business partner for assigned OU/Portfolio
- Create quarterly analysis of price drivers trends and market insights
- Partner with OU to develop and implement proactive pricing programs that drive incremental margin and maximize OU portfolio strategy
- Analyze and monitor competitive pricing and market environment to determine if strategies should be refined to optimize growth and mitigate impacts to our portfolio
Program Management: Creation and ongoing management of Pricing Programs through collaboration with OUs Contracting and Commercial teams
- Establish Outcomes metrics to evaluate deal decisions and expected outcomes; create and implement action plans to drive improvement
- Forecast ASPs quarterly in support of IBP process. Provide ASP support during the appropriate IBP meetings (RDR PMR)
- Provide data driven insights for program performance at contract level based on customer profiles
- Provide input on contract and rebate structures that align to OU growth objectives
- Collaborate on initiatives across organizations to drive efficiency in processes tools and systems
Must Have: Minimum Requirements
To be considered for this role please ensure the minimum requirements are evident on your resume.
Bachelors Degree with 4 years of relevant experience; or advanced degree with a minimum of 2 years relevant experience
DESIRED/PREFERRED QUALIFICATIONS:
- Works independently under limited supervision to determine and develop approach to solutions
- Proficiency in Excel Tableau Power Point and Business objects
- Experience in working with sales or contracting
- Demonstrated strong quantitative and analytical skills.
- Proven ability to translate large amounts of data into actionable insights and coherent strategies.
- Demonstrated self-starter with communication collaboration and leadership skills.
- Must be comfortable working in cross-functional role and navigating many stakeholders.
- Ability to create and present PowerPoint presentations.
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 employee is regularly required to be independently mobile. The employee is also required to interact with a computer and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits resources and competitive compensation plans designed to support you at every career and life stage.
The following benefits and additional compensation are available to those regular employees who work 20 hours per week: Health Dental and vision insuranceHealth Savings AccountHealthcare Flexible Spending AccountLife insurance Long-term disability leaveDependent daycare spending accountTuition assistance/reimbursement andSimple Steps (global well-being program).
The following benefits and additional compensation are available to all regular employees:Incentive plans 401(k) plan plus employer contribution and matchShort-term disabilityPaid time offPaid holidaysEmployee Stock Purchase PlanEmployee Assistance ProgramNon-qualified Retirement Plan Supplement (subject to IRS earning minimums) andCapital Accumulation Plan (available to Vice Presidents and above or subject to IRS earning minimums).
Regular employees are those who are not temporary such as interns. Temporary employees are eligible for paid sick time as required under applicable state law and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
Further details are available at the link below:
Medtronic benefits and compensation plans
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission to alleviate pain restore health and extend life unites a global team of 95000 passionate people.
We are engineers at heart putting ambitious ideas to work to generate real solutions for real people. From the R&D lab to the factory floor to the conference room every one of us experiments creates builds improves and solves. We have the talent diverse perspectives and guts to engineer the extraordinary.
Learn more about our business mission and our commitment to diversity here.
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age color national origin citizenship status physical or mental disability race religion creed gender sex sexual orientation gender identity and/or expression genetic information marital status status with regard to public assistance veteran status or any other characteristic protected by federal state or local law. In addition Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
If you are applying to perform work for Medtronic Inc. (Medtronic) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County you can findhere a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Required Experience:
Senior IC
Employment Type
Full-Time
