Abbott
is hiring
Business Analyst
About Our Company
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, nutritional and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.
Job Description & Responsibilities
Business Analyst, Acute Care Contracting
Our nutrition business develops science-based nutrition products for people of all ages, from helping babies and children grow, to keeping adult bodies strong and active. Millions of people around the world count on our leading brands – including Similac®, PediaSure®, Pedialyte®, Ensure®, Glucerna® and ZonePerfect® – to help get the nutrients they need to live their healthiest life.
The Opportunity
The Business Analyst, Acute Care Contracting supports the sales and margin objectives of the AC segment. This position will be assigned national and regional Group Purchasing Organizations (GPOs) accounts and execute against the pricing and contracting strategy for the Acute Care market and strategic customers. The candidate must demonstrate broad business acumen and strategic thinking as it relates to the deal development process in supporting business objectives.
The role collaborates with many areas of the organization in the contracting process including Field Sales Force, the Legal Division, and Marketing. The Business Analyst provides counsel to Field Sales Force during the contracting process which aligns with segment strategy while ensuring strategic business objectives are met. This role also collaborates with other areas impacted downstream such as Chargeback and Customer Service/Logistics Operations to ensure that pricing actions will not adversely affect impacted areas as well as resolve customer contract pricing issues.
The Business Analyst creates customer-facing tools utilized by the Field Sales Force during the deal negotiation process that clearly and distinctly define Abbott Nutrition’s contract offer to enable the Field Sales Force to efficiently close the deal. This role is also involved in monitoring contract performance for AC customers to ensure sales and share objectives are being achieved.
What You’ll Work On
- Work within Customer’s terms and conditions template and be able to edit to make the document Abbott favorable and also be able to recognize red flags and asked the appropriate questions in order to create a mutually agreed upon agreement.
- Complete financial analyses during the deal development process performing “What-If” scenarios and determining financial impacts based on assumptions associated with contracting actions.
- Creation of Deal Summaries during the deal development process outlining details pertinent to the contract negotiation in a clear, concise and professional manner allowing senior management to efficiently and effectively align on a go-forward strategy.
- Demonstrate strong analytical skills, including the ability to explain what the data means and recommend a course of action based upon the data.
- Assist sales teams to understand and utilize AN market leverage during contract negotiations.
- Create price exhibits and any other documents for customer proposals.
- Monitor sales trends and market share results for executed agreements and calculate performance rebates.
- Demonstrate strong command and ownership of all systems and business processes.
- Search for process improvements and efficiencies for the Business Analyst role and the area. Assess non value-added tasks and make recommendations for change to leadership team.
Requirements
Required Qualifications
- Bachelor's Degree in business or related discipline.
- Master’s Degree in business or related discipline preferred.
- Proficient in Excel, SAP, COGNOS, and CORS.
Preferred Qualifications
- Work experience in healthcare industry and contracting is a plus.
- Candidate should have a proven track record of progressive leadership as well as the ability to influence leadership based on sound business principles.
- Strong work ethic, self-starter, and internally driven.
- Attention to detail is critical. Logical thinker that is naturally data curious.
- Function independently and serves as a source of guidance and direction for others.
- Has a solid understanding of contracting, financial and market concepts and can apply them effectively.
- Flexibility in shifting priorities due to changing environment and ability to work in a team environment are essential in this role; ability to multitask is required as the business demands are not predictable.
Apply Now
- Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
What we offer
At Abbott, You Can Do Work That Matters, Grow, And Learn, Care For Yourself And Family, Be Your True Self And Live a Full Life. You’ll Also Have Access To
- Career development with an international company where you can grow the career you dream of .
- Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
- An excellent retirement savings plan with high employer contribution
- Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
- A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The base pay for this position is $56,700.00 – $113,300.00. In specific locations, the pay range may vary from the range posted.
