Sr. Analyst, US Pricing and Contracting
Abbott
This listing was originally posted on Abbott's careers page. Formulate is an equal opportunity job aggregator and is not involved in the hiring process. Where salary information is estimated, it is derived from BLS industry benchmarks and may differ from actual compensation.
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Sr. Analyst, US Pricing and Contracting
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:
Career development with an international company where you can grow the career you dream of.
Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
An excellent retirement savings plan with a high employer contribution
Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
We have an opportunity for a Sr. Analyst, US Pricing and Contracting, in our US Structural Heart business, which is leading the way for structural heart therapies and challenging current treatment options to change the course of patient care. With a comprehensive portfolio designed to treat a broad range of patients with structural heart diseases, from infants to elderly patients.
The location for this position is our office in Austin, TX. The role is pivotal in supporting the US Sales organization in tracking, driving and analyzing our SH contracts/rebate amendments and pricing strategy. The position uses excellent analytical skills to proactively improve internal reporting, models, and metrics. The role collaborates with Finance, Commercial and Enterprise sales leadership and will lead all pricing and contracting analysis work. This position reports to the Sr. Manager US Pricing Solutions Heart Valves within the Global Pricing organization.
What You’ll Work On
Monitor, analyze and report price/rebate achievements on an IDN/account level
Develop & publish pricing KPI’s, providing context and analysis on the drivers and performance
Provide reports and analysis for Sales leadership and prepare analysis for quarterly business reviews for Top 50 accounts (internal as well as external)
Provide analytics and benchmarks to assist in establishing pricing/rebate strategy and tactics
Build forecast models, pricing sensitivity and elasticity analysis for existing and new product offerings and develop tools and pricing models to analyze pricing requests.
Measure effectiveness of pricing strategies. Track and measure incremental sales and margin associated with price changes.
Assist with training of sales organization, and other functions on pricing tools, policies, and procedures. Analyze current pricing rules and make recommendations to improve. Actively participate in cross-functional teams to develop a price setting and approval process.
Follow all management approved processes and procedures; alerts management when circumstances require deviation to the approved processes and procedures.
Collaborate with Commercial Excellence to ensure tools and processes support pricing strategy/approach and are being fully utilized
Required Qualifications
Bachelor’s degree in the field of Business, Finance or Marketing required
>5 years of relevant experience in pricing/pricing analytics in healthcare environment
Strong analytical skills, financial acumen, including forecasting and pricing
Proficient in the use of MS office (advanced skills in Excel), Smartsheet, PowerBI, …
Demonstrated organizational skills, attention to detail, ability to work under general supervision and the ability to handle multiple projects simultaneously.
Demonstrated interpersonal communication and presentation skills, including the ability to listen, resolve moderately complex problems, deal with unresolved issues, delays and unexpected events, while effectively communicating and maintaining rapport with Sales organization
Ability to work in a highly matrixed and geographically diverse business environment.
Ability to work within a team and as an individual contributor in a fast-paced, changing environment.
What We Offer
At Abbott, you can have a good job that can grow into a great career. We offer:
A fast-paced work environment where your safety is our priority
Production areas that are clean, well-lit and temperature-controlled
Training and career development, with onboarding programs for new employees and tuition assistance
Financial security through competitive compensation, incentives and retirement plans
Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
Paid time off
401(k) retirement savings with a generous company match
The stability of a company with a record of strong financial performance and history of being actively involved in local communities
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on X @AbbottNews.
The base pay for this position is
$86,700.00 – $173,300.00In specific locations, the pay range may vary from the range posted.
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
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