Contract Analyst I at Owens & Minor

Richmond, Virginia, United States

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$60,000 – $65,000Compensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical SupplyIndustries

Requirements

Four-year university degree required; master’s degree preferred
Broad knowledge of a discipline in finance or business administration
Five or more years of experience in contracts and/or pricing
Previous experience in a medical/surgical distribution or manufacturing business preferred

Responsibilities

Analyzes contract audit reports; reviews expiring contract communications from Corporate for possible errors or potential pricing/rebate issues; notifies Customers and Sales Reps as appropriate. This may include running periodic price-book information for the customer
Analyzes and researches complex pricing and rebate issues; accountable for appropriate resolution of rebate denials; if customer/field documentation or involvement is necessary to support rebates claimed, communicates to management as necessary; problem resolution may involve direct communication with the customer and negotiation with vendors; determines appropriate action required and ensures the correct team takes the appropriate action
Proactively resolves replacements of expiring contracts and customer Group Purchasing Organization (GPO)/tier eligibility documentation that could not be resolved by the corporate team
Reviews credit/rebill activity to correct overcharges and denied rebates; reviews and approves pass through credits due to contract pricing issues; loads “bill-only” contracts as necessary for credit/rebills; communicates with field Accounts Receivables (AR) to ensure they have information to apply credits to ensure customer does not receive duplicate credit
Through specific customer knowledge and analysis, identifies potential margin opportunities; coordinates with Pricing and Margin team on margin initiatives as required
Plans and implements contract pricing on new customer conversions and existing customer GPO conversions; leads project to compare pricing and track changes during these conversions and ensures that appropriate field and corporate resources are included in the project
Analyzes pricing issues & processes resulting in short-pays and determining appropriate resolution; supports AR on complex pricing audits from customers and/or GPOs for specific customers
Communicates status of projects and significant issues to management
Managing Price exceptions daily
Supports customers by managing contract information, researching questions, and resolving complex pricing/rebate issues between the Corporate Contracts/Rebates department, vendors, customers, and the Owens & Minor (O&M) sales force
Informs customers of standard price change notification as well as communication and follow-up of expiring contracts
Maintains knowledge of the systems that support these activities and recommends changes to these systems
Works closely with Pricing and Margin Analysts on margin initiatives
Effectively works with all levels of sales and operational management and corporate management

Skills

Key technologies and capabilities for this role

Contract ManagementPricing AnalysisRebate ProcessingAudit ReportsCustomer CommunicationSalesforce CoordinationPrice-Book ManagementMargin Analysis

Questions & Answers

Common questions about this position

What is the salary range for the Contract Analyst I position?

The anticipated salary range is $60k - 65k per year, though actual compensation may vary based on factors like experience, skills, education, and location.

What benefits are offered to Owens & Minor teammates?

Benefits include medical, dental, and vision insurance available on the first working day, 401(k) eligibility after one year of service, employee stock purchase plan, and tuition reimbursement.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills or experience are required for the Contract Analyst I role?

The role requires skills in analyzing contract audit reports, researching and resolving complex pricing and rebate issues, communicating with customers and vendors, and working with sales and operational management.

What does Owens & Minor's company culture emphasize?

The company emphasizes putting customers and their patients at the heart of what they do, empowering customers to advance healthcare, with success starting with teammates, and operates as a Fortune 500 company with a global presence.