We anticipate the application window for this opening will close on - 25 Sep 2025

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

A Day in the Life

As a Contract Analyst you will play a pivotal role in driving strategic initiatives and enhancing the effectiveness of our pricing and contracting strategies through comprehensive analytic contracting and business expertise. Your work will be crucial in shaping competitive pricing strategies and ensuring seamless contract execution. This is an ideal role for someone who thrives in a fast-paced collaborative environment and has a passion for driving business success.

Key Responsibilities

Pricing Strategy Development: Collaborate with sales legal pricing and marketing teams to negotiate and establish pricing strategies for standard and custom products for customer contracts.Conduct thorough analysis of market trends competitor insights and customer needs to inform pricing decisions. Influence decision-making processes to optimize profitability and market positioning.

Strategic Contract Management: Own strategic contracting for specific therapies and customers across the US. Lead the creation and execution of contracts encompassing price analysis contract drafting business reviews and compliance monitoring.

Stakeholder Collaboration: Partner with the Field Sales Organization and Medtronic customers to facilitate effective communication and execution of strategic initiatives. Collaborate with internal stakeholders to ensure alignment with business objectives through regular reviews and proactive recommendations to drive alignment to growth and margin goals. Partner with Contracting Support teams to ensure accurate and timely contract administration.

Quotation and Bid/RFP Management: Champion bid response through analysis of market trends and customer needs to identify opportunities for optimized pricing strategies that align with Medtronics overall business goals. Manage customer quotation and bid requests ensuring adherence to Medtronics pricing objectives and contracting standards while maintaining a competitive edge.

Contract Lifecycle Oversight: Oversee the entire lifecycle of negotiated contracts from strategy to implementation to expiration. Ensure accurate application of pricing and product strategies proactively target renewals price increases and track performance to commitment to maximize financial outcomes.

Business Acumen: Leverage deep understanding of business strategies and market dynamics to enhance operational effectiveness. Ensure compliance with all relevant laws regulations and company policies. Maintain a broad organizational perspective considering the impact of decisions on the entire enterprise and engaging in special projects that contribute to overarching business goals.

This position is a hybrid-role based in our Fridley campus in Minneapolis MN. All candidates must be able to accommodate an on-site and off-site work environment to be considered.

SPECIALIST CAREER STREAM:Typically an individual contributor with responsibility in a professional discipline or specialty. Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results. May act as a mentor to colleagues or may direct the work of other lower level professionals. The majority of time is spent delivering and overseeing the projects from design to implementation - while and adhering to policies using specialized knowledge and skills normally acquired through advanced education.

DIFFERENTIATING FACTORS

Autonomy:Established and productive individual contributor.
Works independently with general supervision on larger moderately complex projects / assignments.

Organizational Impact:Sets objectives for own job area to meet the objectives of projects and assignments.
Contributes to the completion of project milestones.
May have some involvement in cross functional assignments.

Innovation and Complexity:Problems and issues faced are general and may require understanding of broader set of issues or other job areas but typically are not complex.
Makes adjustments or recommends enhancements in systems and processes to solve problems or improve effectiveness of job area.

Communication and Influence:Communicates primarily and frequently with internal contacts.
External interactions are less complex or problem solving in nature.
Contacts others to share information status needs and issues in order to inform gain input and support decision-making.

Leadership and Talent Management:May provide guidance and assistance to entry level professionals and / or employee in Support Career Stream.

Required Knowledge and Experience:High School Diploma or equivalent with 4 years of relevant experience in Contracts or Pricing or equivalent experience (OR Associates Degree with 2 years experience OR Baccalaureate Degree with 1 year(s) experience).

For Baccalaureate degrees earned outside of the United States a degree that satisfies the requirements of 8 C.F.R. 214.2(h)(4)(iii)(A). .

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.

Salary ranges for U.S (excl. PR) locations (USD):$66400.00 - $99600.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

The base salary range is applicable across the United States excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience certification/education market conditions and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

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 addition Medtronic will provide reasonable accommodations for qualified individuals with disabilities.