Job Title

Contract Analyst

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and 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 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 around the world 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 a best place to work for diversity, working mothers, female executives, and scientists.

The Contract Analyst works out of either our St. Paul, MN or Santa Clara, CA location in the Vascular Division. This is a fully onsite role.

Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease.

The Contract Analyst will develop and maintain a robust process to measure, enforce, and report contract compliance. The Analyst has an in depth understanding of business systems, contract structures and complex business issues involving local hospitals, IDNs and GPOs. Analyst has ability to articulate key conclusions resulting from analysis and make recommendations. Attention to detail is required.

What You’ll Work On

Responsible for compliance rate of contracts that contain performance terms. Works with Customers, Contract Operations Management, the Field Sales Organization, Commercial Legal and cross-functional teams to keep contracts compliant under the terms of the agreement and remedy non-compliance issues.
Provides formal and informal written and verbal updates to Customers, the Field Sales Organization, Contract Operations Management, Commercial Legal and other cross-functional groups.
Builds mathematical models & tools to determine payout amounts and track contract performance.
Reviews sales performance and proactively works with the Field Sales Organization to develop resolution strategies for under-performing contracts.
Understands internal and external business challenges and recommends best practices to improve processes and services.
Identifies and routinely uses the most effective, cost efficient and best business practices to execute processes; continually evaluates their effectiveness and appropriateness.
Manages communication and awareness of contractual obligations with all levels of internal and external customers to include sales reps and hospital representatives.
Responsible for conducting contract compliance reviews in a timely and accurate manner.
This includes database maintenance, process refinement, MS Excel log updates, and close interaction with field sales & customers.
Develop and build databases for use in analyzing sales activity, contract activity, compliance, and contract life cycle management.
Conduct business analysis of large data sets, articulate key conclusions, and provide succinct PowerPoint presentations of analysis to Senior Management.
Interact with the field sales force, customers and internal operations (pricing, contracting, finance, and legal.
Ability to work in a time-sensitive environment and effectively prioritize multiple tasks is essential as well as attention to detail.
Coordinates price loads by GPO Analysts and Implementation Analysts.
Work with Business Analysts and Legal on compliance contractual language.
Analyst also has a critical field support role.
Create ad hoc sales reports and/or analysis as needed.
Serve as a resource to the sales force and external customers regarding contract compliance.

Education And Experience You'll Bring

Required Experience

Associate's degree in related field or an equivalent combination of education and work experience.
1 year of related work experience with a strong understanding of Contracting and Pricing, or an equivalent combination of education and work experience.
MS Excel expertise
Strong problem solving skills
Excellent verbal and written communication skills, with ability to communicate to all levels of the organization

Preferred Experience

Power BI and Salesforce (Salesforce.com)

Preferred Experience

Power BI and Salesforce (Salesforce.com)

Please note that the salary range listed is our full grade range. We usually hire based on the mid-point.

Apply Now

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 Twitter @AbbottNews and @AbbottGlobal

The base pay for this position is $60,000.00 – $120,000.00. In specific locations, the pay range may vary from the range posted.

Qualifications

Analyst has ability to articulate key conclusions resulting from analysis and make recommendations
Associate's degree in related field or an equivalent combination of education and work experience
1 year of related work experience with a strong understanding of Contracting and Pricing, or an equivalent combination of education and work experience
MS Excel expertise
Strong problem solving skills
Excellent verbal and written communication skills, with ability to communicate to all levels of the organization

Benefits

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 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
The base pay for this position is $60,000.00 – $120,000.00
In specific locations, the pay range may vary from the range posted

Responsibilities

Abbott Vascular provides innovative, minimally invasive, and cost-effective products for treatment of vascular disease
The Contract Analyst will develop and maintain a robust process to measure, enforce, and report contract compliance
The Analyst has an in depth understanding of business systems, contract structures and complex business issues involving local hospitals, IDNs and GPOs
Responsible for compliance rate of contracts that contain performance terms
Works with Customers, Contract Operations Management, the Field Sales Organization, Commercial Legal and cross-functional teams to keep contracts compliant under the terms of the agreement and remedy non-compliance issues
Provides formal and informal written and verbal updates to Customers, the Field Sales Organization, Contract Operations Management, Commercial Legal and other cross-functional groups
Builds mathematical models & tools to determine payout amounts and track contract performance
Reviews sales performance and proactively works with the Field Sales Organization to develop resolution strategies for under-performing contracts
Understands internal and external business challenges and recommends best practices to improve processes and services
Identifies and routinely uses the most effective, cost efficient and best business practices to execute processes; continually evaluates their effectiveness and appropriateness
Manages communication and awareness of contractual obligations with all levels of internal and external customers to include sales reps and hospital representatives
Responsible for conducting contract compliance reviews in a timely and accurate manner
This includes database maintenance, process refinement, MS Excel log updates, and close interaction with field sales & customers
Develop and build databases for use in analyzing sales activity, contract activity, compliance, and contract life cycle management
Conduct business analysis of large data sets, articulate key conclusions, and provide succinct PowerPoint presentations of analysis to Senior Management
Interact with the field sales force, customers and internal operations (pricing, contracting, finance, and legal
Ability to work in a time-sensitive environment and effectively prioritize multiple tasks is essential as well as attention to detail
Coordinates price loads by GPO Analysts and Implementation Analysts
Work with Business Analysts and Legal on compliance contractual language
Analyst also has a critical field support role
Create ad hoc sales reports and/or analysis as needed
Serve as a resource to the sales force and external customers regarding contract compliance

Contract Analyst

Job Type