Senior Financial Analyst, Clinical Franchise Pricing (Hybrid 3x a week in Secaucus, NJ)
Wood Dale, IL - USA
Department:
Job Summary
Pay Range: $100000 - $115000 / year
Salary offers are based on a wide range of factors including relevant skills training experience education and where applicable certifications obtained. Market and organizational factors are also considered. Successful candidates may be eligible to receive annual performance bonus compensation.
Benefits Information:
We are proud to offer best-in-class benefits and programs to support employees and their families in living healthy happy lives. Our pay and benefit plans have been designed to promote employee health in all respects physical financial and developmental. Depending on whether it is a part-time or full-time position some of the benefits offered may include:
Day 1 Medical supplemental health dental & vision for FT employees who work 30 hours
Best-in-class well-being programs
Annual no-cost health assessment program Blueprint for Wellness
healthyMINDS mental health program
Vacation and Health/Flex Time
6 Holidays plus 1 MyDay off
FinFit financial coaching and services
401(k) pre-tax and/or Roth IRA with company match up to 5% after 12 months of service
Employee stock purchase plan
Life and disability insurance plus buy-up option
Flexible Spending Accounts
Annual incentive plans
Matching gifts program
Education assistance through MyQuest for Education
Career advancement opportunities
and so much more!
The Pricing Strategy team has an opportunity available for a Senior Financial Analyst at our corporate headquarters in Secaucus NJ. Pricing Strategy is a Center of Expertise within the Finance function.
Context:
Our Clinical Solutions are organized into eight disease/health states including General Health & Wellness Womens and Reproductive Health Oncology Sports Diagnostics and more. A primary responsibility is to partner with Clinical Solutions Product Managers Finance Operations Compliance and Legal to develop value-based pricing recommendations for product launches and strategic repricing.
Pricing recommendations are data Senior Financial Analyst role leverages internal systems and models to develop financial forecasts that lead to actionable insights in support of business solutions. There are opportunities for both ownership and/or partnership on decisions. Price adjustments have significant revenue implications based on the multiple payors in the healthcare industry including Patient Client Third Party and role requires assessing implications of price adjustments by applying pricing fundamentals financial rigor and marketing strategy. There are large scale opportunities that require participation from stakeholders and business partners across the Senior Financial Analyst will lead and/or partner on cross functional projects that support revenue growth risk mitigation and/or operational excellence.
Responsibilities
The Senior Financial Analyst on the Pricing Strategy team plays a cross-functional role in developing implementing and managing a portfolio of key Strategic Pricing initiatives. These include Pricing Strategy Clinical Solutions pricingand Value Quantification.Key responsibilities include:
- Develop and implement pricing strategies based on thorough analysis of product offerings market dynamics and financial data. Strategies are built in collaboration with Clinical Solutions Commercial Compliance and other internal stakeholders.
- Design and generate analytic tools and dashboards to help the team and business partners efficiently process and interpret pricing data.
- Partner with Clinical Solutions Product Managers to create Value Quantification models that inform strategic pricing negotiations.
- Deliver fact-based recommendations to optimize revenue through pricing model enhancements.
Qualifications
- Work Experience: Minimum of 4-7 years with a mix of pricing operations finance marketing or sales analysis experience with strong quantitative capabilities
- BA/BS or higher in Finance Economics or related field.
- Proven critical thinking and problem-solving skills with the ability to overcome ambiguity to develop accurate detailed solutions.
- Strong AI literacy demonstrating the ability to craft structured prompts critically evaluate and validate AI-generated outputs and integrate these insights into high-quality business deliverables.
- Strong data manipulation and modeling skillsets using Excel (e.g. macros pivot tables).
- Advanced experience with data analysis tools (e.g. Access SQL and/or Python) dashboarding (e.g. Tableau Power BI) and financial modeling/analysis.
- Excellent verbal and written communication skills.
- Demonstrated ability to take initiative successfully handle and prioritize multiple competing assignments.
- Strong sense of personal accountability and the drive to make a difference in results and relationships.
Required Experience:
Senior IC
About Company
Quest Diagnostics (NYSE: DGX) empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care mana ... View more