Senior Commercial Contract Administration Analyst

The Opportunity

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

About the Role

This is a fully onsite role. The primary role for the Senior Commercial Contract Administration Analyst is to support the Medical Devices US Sales Division. The Analyst will interface with Sales, Management, Accounts Receivable, Accounts Payable, Finance, and Accounting to apply business management principles and financial concepts that maximize the company’s performance against sales and profit goals and minimize risk.

Responsibilities

• Owns rebate and fee administration from point of full execution to expiration – collaborates with contract authors and sales team, and performs complicated calculations, obtains appropriate approvals, and ensures timely posting and delivery of payment to customers.
• Processes rebates and fees, coordinating with cross-functional groups to ensure customers are paid accurately and on-time.
• Works within audit guidelines for contract approval and contract creation.
• Builds mathematical models & tools to determine payout amounts and track contract performance.
• Provides formal and informal written and verbal updates to Customers, Sales, Contract Operations Management, Accounting, Finance, Commercial Legal and other cross-functional groups.
• Serves as a subject matter expert and primary contact for hospitals, hospital systems and group purchasing organizations within assigned geography for their rebate and admin fee related questions.
• Solves complex problems, exercising sound business judgment to make recommendations based on the analysis of multiple sources of information.
• Provides reports and analysis to department and senior management as requested.
• Follows all management approved processes and procedures; alerts management when circumstances require deviation to the approved processes and procedures.

Requirements

• Bachelor’s Degree in Finance or Business or related discipline
• Minimum 5 years related experience in finance, marketing (preferred) or related area
• Excellent organizational and analytical skills
• Advanced skills in Microsoft Excel, Microsoft Access
• Experience using SAP preferred
• Ability to work under pressure, handle multiple priorities
• Accommodating changing priorities while maintaining overall workload is essential
• Proven financial/mathematical competence
• Interpersonal and written/oral communications are vital
• Strong Analytical, financial, and information systems(preferred), Strategic, And Problem-solving Skills Are Required
• Preferred Skills: Ability to assess reasonableness and relevance of contract documentation and system data
• Excel in solving multifaced problems
• Willing to make difficult and unpopular decisions
• Anticipate issues; understand the implications and interrelationships of those issues to the client and other areas
• Demonstrated ability to manage multiple projects simultaneously, deal with unresolved issues, and effectively communicate and maintain rapport with all levels of personnel within Abbott Med Device organization
• Customer-service oriented mind frame and skill sets to support the field sales team, Finance, and Accounting teams and their needs
• Well-organized, keenly attentive to detail, and proactive to quickly anticipate and prevent, and identify and remedy questions and issues before or when they arise
• Excellent verbal and written communications skills with attention to detail and ability to work with general supervision
• Well-honed sense of urgency and ability to work under pressure

Qualifications

• Advanced proficiency in Microsoft products including Excel and Word, as well as experience using Business Objects or similar reporting systems

Benefits

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives : www.abbottbenefits.com

Pay

The base pay for this position is $78,000.00 – $156,000.00. In specific locations, the pay range may vary from the range posted.