Senior Contract Specialist at Stryker

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Devices, HealthcareIndustries

Requirements

2+ years of work experience
Bachelor’s Degree preferred
2+ years of work experience with contracts (preferred)
2+ years of work experience working in Healthcare contracts (preferred)
Paralegal certification (preferred)
Experience working with the Uniform Commercial Code (preferred)
Experience drafting, redlining, and reviewing documentation (preferred)
Experience with direct contract negotiations (preferred)
Expertise with MS Office products (preferred)
Salesforce experience (preferred)

Responsibilities

Work directly with Customer Solutions and multiple business unit division counsel
Under minimal supervision, review and negotiate commercial contracts and establish business relationships with customers/partners
Draft, edit, review, and negotiate complex agreements with minimal supervision, managing business and legal risk while effectively supporting internal and external customers in a timely and fast-paced environment
Provide excellent, time-sensitive, solutions-oriented, strategic contracting support to internal and external stakeholders
Exhibit solid negotiation skills, including comfort in negotiating contract terms with customers
Exhibit the ability to influence without authority
Build and maintain strong relationships with sales, finance, operations, and attorney stakeholders across the organization
Serve as a contracting and negotiating expert to other areas within the organization, as required
Exercise excellent judgment in identifying and escalating issues to management and/or for legal review in a timely manner
Maintain a comprehensive knowledge of Stryker’s product lines, competitive environment, and customers to better support functional initiatives and provide recommendations to internal stakeholders
Monitor and track the status of contract-related matters and proactively provide updates as requested
Identify system or process improvements that increase efficiency, compliance, or reduce cost to the Business
Serve as a liaison between Stryker business units and Legal, fostering two-way communication of evolving business needs, challenges, and opportunities
Manage and lead complex healthcare agreement negotiations, ensuring compliance with relevant regulations, including fraud and abuse laws, company policies, and anticompetition laws
Identify business and legal risks, propose creative solutions for risk mitigation, escalate legal review and resolution of legal issues related to contracts, and professionally represent Stryker’s interests to internal and external stakeholders and customers

Skills

Contract Negotiation

Commercial Contracts

Legal Risk Management

Drafting Agreements

Stakeholder Management

Negotiation Skills

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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