Job Description
The Contract Analyst is responsible for evaluating, writing and supporting the negotiation of contracts with the Field Sales Organization and coordinating responses to RFPs. The analyst is charged with implementing contracts within the Contracting system and monitoring contract operational performance.
Essential Duties & Responsibilities:
- Evaluate agreements and pricing strategies for the business to ensure compliance with legal and contractual obligations and determine action to rectify contract compliance
- Update and maintain the Model N contract system as a result of new or amended contract terms
- Draft Letters of Agreements (LOAs) or Letters of Understanding (LOU) between ICU Medical and customer(s).? Coordinate responses to RFPs for the analyst's region.
- Provide data and/or analytics for assigned regions and contracts
- Extensively communicate to Field Sales to update on Customer negotiations
- Monitor contract expiry in the region and communicate to Field Sales
- Handle incoming Field Sales contracting requests or questions
- Provide support for process improvement, standardization or strategic initiatives
- Collaborate with accounts receivable department to resolve billing discrepancies pursuant to contractual terms and conditions
- Collaborate on relevant project teams and work groups
- Work on special projects as assigned.
Knowledge & Skills:
- A strategic planner with sound technical skills, analytical ability, good judgment, and strong operational focus
- Prior experience with the contracting process including reviewing, amending and standardizing contracts and T&Cs
- Prior experience working within the Medical Surgical business model (preferred)
- Ability to exercise considerable judgment, maintain confidentiality, and act in a diplomatic manner
- Ability to independently identify, research and resolve issues
- Demonstrated ability to manage multiple priorities and deadlines
- A well-organized and self-directed individual who is able to work with minimal amount of supervision
- Strong analytical and problem solving skills, demonstrated ability to gather, understand and evaluate information from various sources; establishes links between sources of data, draws logical conclusions and provides appropriate options, recommendations and wise decisions in a timely manner
- Advanced Microsoft Excel skills
Minimum Qualifications, Education & Experience
- Must be at least 18 years of age
- Bachelor's degree in business, marketing, economics or related field or equivalent experience. MBA is a plus.
- 10+ years experience in Contracting preferred with a minimum of 2 years of experience in the Medical Industry
- Prior Model N experience (preferred)