Contract Analyst

Contract Analyst

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

The Contract Analyst is responsible for executing high-quality clinical agreements in a timely manner that balances the needs of all parties while maintaining internal and external relationships. In this role, you will be drafting, issuing, negotiating and finalizing a variety of clinical agreements (including budgets) utilizing enterprise-wide contracting processes.

All clinical agreement work will be done in accordance with company policies, Standard Operating Procedures (SOPs), legal and regulatory requirements, and using fair market valuation.

At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. This position is remote to enhance our competitive edge and expand our cross-functional collaboration efforts. This role will require less than 5% of travel to enhance collaboration and ensure successful completion of projects.

Responsibilities may include the following and other duties may be assigned :

• Using customer service skills such as clear and persuasive communication skills, time management skills, adaptability, patience, effective listening.
• Analysis of Fair Market Value (FMV) supporting budget development, negotiation, and documentation.
• Liaising with clinical teams, legal, reimbursement and other functional groups on clinical agreements and informed consents as appropriate.
• Conducting outsourcing proposal preparation and analysis, contract development and negotiation, contract administration, and supplier contact activities to provide for proper outsourcing contract execution and fulfillment.
• Tracking progress of contract activities, providing status updates to internal and external parties, compiling and analyzing contract data, and maintaining historical contract information.
• Comprehensive understanding and application of clinical contracting and negotiation principles, concepts and industry practices / standards.
• Thorough understanding and solid application of clinical trial industry practices, including thorough understanding of clinical trial agreements and budgeting process and / or vendor and consulting agreements and processes.
• Manages complex contract negotiations. Escalates negotiations from email to telephone and to higher methods in an effort to effectively progress contract negotiations while managing cycle times. Involves other internal parties in negotiations as needed, including manager.
• Works independently and refers to established Medtronic policies, practices, and templates for guidance as needed.
• Drafts contract language per approved process using legal-approved templates and approved alternative language; secures legal approval as required.
• Uses sound critical thinking skills to review contract redlines for understanding and intent. Makes recommendations regarding how to proceed and secures additional input from legal, manager and / or clinical team as needed before responding to other party.
• May serve as a project leader for new or existing studies (with manager review / input).
• Effectively manages multiple contracting priorities and exerts influence as appropriate to ensure contracts are executed in a timely manner. Meets regularly, as needed, with study team members and / or other internal stakeholders and proactively provides status updates on contracting activities.
• Proactively manages workload in accordance with study milestones.
• Frequently interacts and communicates with internal customer / client, including senior management, and external other party.
• Recognizes opportunities to improve contract processes and proactively takes on process improvements projects after securing manager approval. Provides progress updates and recommends solutions to manager and shares supported recommendations with contracting personnel. Recognizes communication challenges; proactively and effectively addresses / manages issues with limited manager input.

Must Have : Minimum Requirements

Nice to Have

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles : While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package. 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.

Salary ranges for U.S (excl. PR) locations (USD) : $66,400.00 - $99,600.00 This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP). The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification / education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week : Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance / reimbursement, and Simple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees : Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico. Further details are available at the link below :

Medtronic benefits and compensation plans

About Medtronic

We 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 here.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and / or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. ("Medtronic") in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.