Principal Pricing Analyst and Support Rebate/Distributor Management
- Brampton, ON
- Permanent
- Full-time
-Rebate administration including timely calculations, accrual adjustments and payments, set up and extension of rebates.
-Provide analytic and strategic support for RFPs to the business units and provide recommendations in accordance with RFP guidelines and business strategies.
-Collaborate with Commercial teams on various initiatives such as product launch and capital deals.
-Support ad hoc analysis requests.This position is an exciting opportunity to work with Medtronic's Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.MAIN JOB DUTIES/RESPONSIBILITIES (may include the following and other duties may be assigned):
- Develops and communicates the strategic, financial, and administrative implications of proposed and/or implemented pricing policy.
- Develops price recommendations to ensure compliance with policy.
- Recommends positions for pricing and reimbursement strategies for current and future products across all relevant customer and market segments.
- May review competition to determine price of new product.
- Provides input on final pricing contracts.
- May plan and develop market research and analysis.
- Responsible for reporting complaints and Adverse Drug Reactions (ADR)
- Calculate rebates on a timely basis in accordance with customer agreements.
- Coordinate the rebate payments and send supporting calculations to business units for approval.
- Set up new rebates in accordance with the contracts and ensure that agreements are extended on time.
- Complete monthly balance sheet rebate account reconciliation.
- Provide key input in RFPs including pricing model assumptions, strategic support and recommendations to align proposals with critical business strategies and marketing guidance.
- Engage in pricing discussions, including various share scenarios to determine financial impact of business proposals.
- Work with Commercial teams to assist them in product launch, capital programs and other initiatives
- Ensure compliance with Medtronic policies and procedures and suggest process improvement.
- Advanced Microsoft Excel, Microsoft Word
- Strong attention to details
- Good communication skills (oral and written)
- Strong ability to prioritize tasks and meet deadlines.
- CPA or pursuing CPA designation or MBA Finance
- 3 years of relevant experience
- Experience in similar role
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).About MedtronicWe lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.Learn more about our business, mission, and our commitment to diversity