Sr Pricing Strategy Analyst at Medtronic

Minneapolis, Minnesota, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

High School Diploma or equivalent with 6+ years of relevant experience in Pricing or Contracts (or equivalent experience)
OR Associate's Degree with 4+ years experience
OR Bachelor's Degree with 2+ years experience
Works independently under limited supervision to determine and develop approach to solutions
Proficiency in Excel, Tableau, Power Point, and Business objects
Experience in working with sales or contracting

Responsibilities

Define market value (price setting), drive revenue & profit optimization, execute pricing governance, pricing operations, advanced analytics, and lead price management (price getting) for a defined Operating Unit (OU) or Portfolio
Support objectives of the Americas Region through driving effective and efficient business decision making while maximizing financial results and optimizing ASPs
Product Launch Strategy: Downstream and upstream modeling and analysis, market execution, and performance analysis
Develop pricing models to support product feature selection and portfolio development for current and future products
Perform revenue modeling to set new product price premiums considering customer segments
Develop execution plans (account planning), tracking metrics and analytics post launch
Present and gain alignment with business leadership on pricing strategies
Partner to ensure product pricing models support market dynamics, successful implementation, and drive launch goals
Program Management: Creation and ongoing management of Pricing Programs through collaboration with OU, Sales, & Contracting
Lead and collaborate on initiatives across the organization to drive efficiency in price programs, processes, tools, and systems
Create and implement proactive pricing programs and risk assessments for assigned OUs
Price Reporting: Lead and/or create pricing council/summit material
Create and advise on quarterly analysis of price drivers, trends, and market insights
Review price forecasts and assist with enterprise ASP reporting initiatives
Pricing Execution & Management: Manage governance processes, floors, deal reviews, and approvals; improve outcomes
Assist in design, own governance the policy, and advise on enforcement & operations
Workshop and advise on deals to drive improved outcomes (approval authority on deals within price bands)
Advise on pricing systems, tools, and deal analytics requirements
Develop and train sales and contracting on tools, price strategies, and processes
Support pricing operations function on price set up where necessary (system price uploading, mapping, etc.)
Analyze and monitor competitive pricing to determine strategies to mitigate impacts to our portfolio

Skills

Pricing Strategy

Revenue Modeling

Pricing Analytics

Market Value Analysis

Product Launch Strategy

ASP Optimization

Financial Modeling

Portfolio Pricing

Price Governance

Advanced Analytics

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.

Land your dream remote job 3x faster with AI

Try Jobo Free