Contract Administrator at Abbott

Lake Forest, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Diagnostics, Medical DevicesIndustries

Requirements

Based at Lake Forest, IL office (full-time)
Ability to negotiate and draft contract terms and conditions in accordance with corporate policies
Analytical skills to analyze potential risks from contract changes
Capability to present and explain contract conditions to customers, business partners, and management
Proficiency in resolving contract conflicts
Experience working with different levels of personnel to analyze and solidify contract strategy
Ability to independently support one or more sales regions for full contract management
Knowledge of current pricing and contracting policies as a resource to sales organization
Skills in database maintenance for accurate reporting
Familiarity with CRM systems to generate reports, analyze data, and track patterns
Awareness of quality consequences, device defects, product design, verification, validation, manufacturing, and testing activities
Professional behavior reflecting positively on the company

Responsibilities

Ensure timely processing of sales contracts
Negotiate and draft contract terms and conditions in accordance with corporate policies
Analyze potential risks that contract changes may pose to the organization
Present and explain contract conditions and details to customers, business partners, and management
Resolve any existing contract conflicts
Work with different levels of personnel within an organization to analyze and solidify an overall contract strategy
Independently support one or more sales regions regarding full contract management
Act as a resource to the sales organization regarding current pricing and contracting policies, and programs
Participate in and prepare for contracting strategy meetings
Perform database maintenance on an ongoing basis to ensure accurate reporting
Assist in updating departmental SOPs (Standard Operating Procedures)
Meet deadlines and update clients with status
Utilize data from the company’s CRM system to generate reports, analyze data, and track product and ordering patterns
Interface with internal fulfillment group and distributors to establish working relationships, assure proper end-user pricing, and contract effective dates are loaded
Provide administrative, analytical, and procedural support to internal and external customers
Act as a liaison between account executives, regional sales directors, directors of national accounts, and other stakeholders to ensure accurate processing and administration of sales contracts

Skills

Contract Administration

Administrative Support

Healthcare Contracts

Diagnostics

Cardiometabolic

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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