Manager - Strategic Account Management at Medtronic

Hyderabad, Telangana, India

Medtronic Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Medical DevicesIndustries

Requirements

  • Baccalaureate degree (or equivalent for degrees earned outside the United States per 8 C.F.R. § 214.2(h)(4)(iii)(A))
  • Minimum of 7 years of relevant experience
  • Deep knowledge of job area, typically obtained through education combined with extensive sales experience
  • Expert level knowledge of company products and services
  • Viewed as having a specialty within discipline

Responsibilities

  • Develop and maintain Senior/C-Suite level relationships with strategic partners and work with them to identify and qualify new business opportunities
  • Develop and drive appropriate portfolio management strategy in collaboration with Business Units to expand and protect market share, optimize pricing strategy, and build long-term contractual agreements and relationships with clients and strategic partners
  • Understand assigned account's strategic priorities and develop appropriate value-added programs for each account
  • Develop, communicate, and implement business plans to achieve strategic target business results
  • Identify and develop ongoing mutual opportunities for sales growth with key strategic accounts
  • Manage large accounts involving multiple team members with limited oversight
  • Develop proposals and assess customer needs to recommend customized products/services
  • Work with senior executives within hospital structures
  • Achieve individual sales targets, execute sales strategy by developing new accounts/expanding existing ones, expanding markets, and building strategic client base
  • Manage multiple large, complex, high visibility, strategic, or tactically important accounts involving multiple team members
  • Make moderate to significant improvements in sales processes and tools
  • Recommend changes in market or account strategy to achieve sales goals
  • Influence internal contacts and external suppliers, customers, and vendors regarding policy, practices, and procedures
  • Communicate with high-level business stakeholders at external suppliers, customers, and vendors, involving expert negotiation and presentations to manage/expand strategic relationships and close sales
  • Determine methods and procedures on new assignments and coordinate activities of other personnel
  • Provide guidance, coaching, and training to other sales professionals and/or support employees
  • Manage major/complex accounts, involving delegation of work and review of work products

Skills

Strategic Account Management
C-Suite Relationships
Portfolio Management
Pricing Strategy
Business Planning
Sales Growth
Customer Relationship Management
Sales Strategies
Contract Negotiation
Market Share Expansion

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters
1949Year Founded
$3.2MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Employee Assistance Program
Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.
Spine biologics market growth may attract new entrants, increasing competition for Medtronic.
Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.
The company invests heavily in R&D to drive innovation in medical devices.
Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.
Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.
Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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