Senior Contract Specialist at Stryker

Hamilton, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Devices, HealthcareIndustries

Requirements

Bachelor’s degree
2+ years of relevant work experience
Microsoft applications, including advanced skills in Word (inferred from context)

Responsibilities

Proactively collaborate with internal teams/departments to promote a culture of inclusiveness and cooperation
Work with the business to establish a clear understanding of products, sales channels, key accounts, marketing, and selling strategies
Consistently meet service delivery expectations based on input from the business
Live and exemplify Stryker’s Values: Integrity, Accountability, People, and Performance
Oversee the entire contract lifecycle, including drafting, redlines, negotiation, execution, and renewal, while ensuring compliance with company guidelines and regulations, maintaining accurate documentation, and managing policies and processes for commercial contracts
Review and action pending contracts and minimize the number of open contracts or amendments at any point in time
Actively monitor and report contract expiry and collaborate closely with commercial, pricing, and rebates delegates to ensure timely renewal conversations
Accurately and timely enter all contract records in Contract Management software
Maintain and improve the CLM system by designing, managing and refining documents, templates, workflows, and approval, automating steps, overseeing user management, and providing training and change management
Collaborate with legal, Compliance, Commercial, and Pricing teams to align contracts with business objectives, mitigate financial implications and risks, and manage negotiations to ensure adherence to company policies and organizational goals
Support Pricing team in resolving pricing discrepancies, contract terms, value add clarification, customer qualification, or other issues
Build strong relationships with customers by actively engaging with them, understanding their unique needs and challenges, providing timely and effective solutions, and consistently delivering exceptional service and support
Actively seek and share best practices across the department to identify process improvement and automation opportunities
Develop and implement standard procedures, work instructions, and policies, while also assisting with internal and external audits and promoting industry best practices like Medtech Canada & WCC
Key member on strategic initiatives including acquisition integrations and key projects impacting the department (Power BI, Salesforce.com, Malbek, SAP etc.)
Contribute to the development, creation, and ongoing maintenance of standard operating procedures and work instructions related to the role
Other responsibilities as assigned by Manager

Skills

Contract Management

Contract Negotiation

Redlining

Contract Lifecycle Management

Legal Compliance

Documentation Management

Contract Execution

Contract Renewal

Stryker

Develops and manufactures medical devices and equipment

About Stryker

Stryker develops and manufactures medical devices and equipment aimed at improving patient care and surgical efficiency. Their products include surgical tools, neurotechnology devices, and orthopedic implants, which are sold directly to hospitals and clinics. Stryker stands out from competitors by focusing on high-quality products and a commitment to advancing healthcare solutions. The company's goal is to enhance the overall healthcare experience for both patients and medical professionals.

Kalamazoo, MichiganHeadquarters

1941Year Founded

$423.3MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Medical & prescription plans

Supplemental health benefits

Flexible Spending accounts

Employee Assistance Program

Short-term & long-term disability

Tuition reimbursement

401(k) plan

Employee Stock Purchase Plan

Risks

Integration challenges from acquisitions may strain Stryker's resources.

Rapid tech advancements risk obsolescence of Stryker's current products.

Regulatory scrutiny on acquisitions could delay Stryker's market entry.

Differentiation

Stryker's acquisitions enhance its minimally invasive surgical solutions portfolio.

Entry into the peripheral vascular segment diversifies Stryker's market presence.

Stryker's focus on AI integration boosts diagnostic accuracy and operational efficiency.

Upsides

Growing demand for minimally invasive solutions aligns with Stryker's strategic acquisitions.

The orthopedic implants market growth benefits Stryker's expanding product line.

Stryker's acquisition of Inari Medical positions it in a high-growth vascular market.

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