Contract Analyst, Enterprise Accounts Contract Management (MN) (Finance)

We anticipate the application window for this opening will close on - 27 Jan 2025

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

In your role as a Contract Analyst at Medtronic, you will embrace a diverse range of duties and opportunities each day. This role will focus on delivering seamless end-to-end contract lifecycle management, ensuring the accurate and timely administration of contracts in alignment with company policies, legal requirements, and customer specifications. You will work in close partnership with internal stakeholders such as sales leadership, offer development, legal partners, and downstream operations partners to uphold the highest standards of contract integrity and performance. You will be tasked to provide guidance and support to business partners, driving compliance and minimizing risk as well as bringing visibility to contractual performance. Your role is pivotal to enable informed decision-making leading to optimal contract outcomes.

As a Contract Analyst at Medtronic supporting the US Enterprise Accounts Pricing & Contracting organization, you will play a crucial role ensuring seamless contract construction, execution, and downstream performance management. This is an ideal role for someone who thrives in a fast-paced, collaborative environment and has a passion for driving business success.

Responsibilities may include the following and other duties may be assigned.

• Contract Lifecycle Management

• Administer, extend, negotiate and terminate standard and non-standard contracts.
• Conduct proposal preparation and contract administration including terms & conditions redlining in tandem with legal partners.
• Expert management and organization of executed documents in accordance with department archival standards.
• Support cross-portfolio template simplification and unification.

• Bid Management

• Prepare bids/RFPs/RFIs, produce all required supporting documentation, and ensure timely submission to customer.

• Strategic Collaboration

• Build strong relationships with Medtronic legal partners to ensure contracts are written in accordance with company standards and processes.
• Partner closely with US Enterprise Accounts Field Sales Organization to support contract management activities.
• Collaborate with Offer Development analysts to transform approved offers into a standard contractual document.

• Contract Performance Management

• Utilize contract expiration reporting to identify and communicate upcoming contractual opportunities.
• Utilize contract performance and compliance metrics based on contractual commitments to maximize financial outcomes.

• Projects

• Support Americas Technology Roadmap initiatives.
• Maintain a broad organizational perspective, considering the impact of decisions on the entire enterprise and at times engaging in special projects as a subject matter expert representing contract management.

SPECIALIST CAREER STREAM: 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. The majority of time is spent writing, executing, and managing contracts - from design to implementation - while and adhering to policies, using specialized knowledge and skills normally acquired through advanced education.

DIFFERENTIATING FACTORS

• Demonstrates strong writing skills, attention to detail, and organization.
• 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: Requires practical knowledge and demonstrated competence within job area typically obtained through advanced education combined with experience.
• Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. • 214.2(h)( 4)(iii)(A) and minimum of 2 years of relevant experience, or advanced degree with 0 years of experience.

Required Qualifications:

• High School Diploma or equivalent with 4+ years of relevant experience in Contracts or Pricing or equivalent experience OR
• Associate's Degree with 2+ years experience OR
• Baccalaureate Degree with 1+ years experience

Nice to Have Qualifications:

• Master's degree in Business Administration, or a related field.
• Strong understanding of contract law and principles.
• Exceptional attention to detail and ability to manage multiple contracts simultaneously.
• Experience in the medical device or healthcare industry.
• Familiarity with regulatory requirements and compliance in the healthcare sector.
• Demonstrated ability to drive continuous improvement initiatives.
• Experience with SAP or other enterprise resource planning (ERP) systems.
• Strong project management skills and experience with project management tools.
• Ability to influence and build strong relationships with stakeholders at all levels.
• Excellent negotiation, analytical, and problem-solving skills.
• Proficiency in pricing and analytics software and Microsoft Office Suite.
• Strong communication skills, both written and verbal.
• Ability to work collaboratively with cross-functional teams.
• Proven track record of managing complex contracts in a fast-paced environment.

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):$64,800.00 - $97,200.00

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 insurance , Health Savings Account , Healthcare Flexible Spending Account , Life insurance, Long-term disability leave , Dependent daycare spending account , Tuition assistance/reimbursement , and Simple 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 match , Short-term disability , Paid time off , Paid holidays , Employee Stock Purchase Plan , Employee Assistance Program , Non-qualified Retirement Plan Supplement (subject to IRS earning minimums) , and Capital 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 90,000+ 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 law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.