Sr Pricing Strategy Analyst
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Job Location:
Minneapolis, MN - USA
Monthly Salary:
$ 83200 - 124800
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
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 Medical Surgical 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 Americas 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 -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.
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
Program Management: Creation and ongoing management of Pricing Programs through collaboration with OU Sales & Contracting
- Lead and collaborate on initiatives across the organization to drive efficiency in price programs processes tools and systems
- Create and implement proactive pricing programs and risk assessments for assigned OUs
Price Reporting:
- Lead and or create pricing council / summit material
- Create and advise on quarterly analysis of price drivers trends and market insights
- Review price forecasts and assist with enterprise ASP reporting initiatives
Pricing Execution & Management: Manage governance processes floors deal reviews and approvals; improve outcomes
- Assist in design own governance the policy and advise on enforcement & operations
- Workshop and advise on deals to drive improved outcomes (approval authority on deals within price bands)
- Advise on pricing systems tools and deal analytics requirements
- Develop and train sales and contracting on tools price strategies and processes
- Support pricing operations function on price set up where necessary (system price uploading mapping etc.)
- Analyze and monitor competitive pricing to determine strategies to mitigate impacts to our portfolio
Required:
- High School Diploma or equivalent with 6 years of relevant experience in Pricing or Contracts (or equivalent experience)
ORAssociates Degree with 4 years experience
ORBachelors Degree with 2 years experience.
Nice to Have:
- Medical Devices experience
- 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 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
Key Skills
- Inventory Control
- Microsoft Access
- Math
- Pivot tables
- Pricing
- Analysis Skills
- Computer Literacy
- Cost Accounting Standards
- Microsoft Excel
- Financial Analysis
- Contracts
- Analytics
About Company
About Medtronic Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an excit ... View more
