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Globus Medical
Audubon, PA | Full Time
$74k-92k (estimate)
11 Months Ago
Pricing Analyst
Globus Medical Audubon, PA
$74k-92k (estimate)
Full Time | Medical Technology 11 Months Ago
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Globus Medical is Hiring a Pricing Analyst Near Audubon, PA

About Us:

At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible. 

Position Summary:

The Pricing Analyst will work in a fast-paced, team-oriented environment, and will be responsible for all aspects of assigned regional healthcare account pricing. The position will support assigned regional field sales Vice President, Area Directors, and sales representatives, and partner closely with internal departments to support the sales teams by providing accurate and timely pricing assistance.

Essential Functions:

  • Partners with the Area Director of Corporate Accounts and Contract Administrator to ensure timely submission of all Requests for Pricing (RFPs) within assigned territory
  • Reviews price files before sending to hospital and/or Contract Administrator for inclusion in RFPs and Agreements
  • Coordinates new contract execution with the Contract Administration team to ensure all pricing parameters are correctly entered in Globus’ ERP system; including shipping, invoicing, and group parameters
  • Supports field sales in providing pricing and account data analyses; and accurate reporting and discrepancy resolution, works with department such as Accounts Receivable and Customer Service
  • Coordinates with sales field to prepare pricing analyses for executive management review
  • Performs duties in an efficient, analytical manner while maintaining a high level of relationship management, confidentiality and professional interaction with internal and external customers
  • Identifies where efficiencies can be gained and lead Continuous Process Improvement Projects to realize them
  • Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.
  • Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role
  • Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties 

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions. 

Qualifications:

  • Bachelor’s Degree in business or related field is required; may consider an equivalent of relevant business experience and education
  • 2-3 years’ experience in a financial, sales, or pricing analysis role or similar position preferred. Specific experience with medical devices is a plus
  • Advanced MS Excel skills; Experience with SQL, PowerBI, R, or Python a plus
  • Extensive sales database experience
  • Excellent relationship management skills
  • Must possess excellent problem-solving skills, written and verbal communications skills, and consistently display a high level of professional conduct
  • Proven ability to analyze pricing and account data, provide accurate reporting and discrepancy resolution
  • Analytical thinking skills and a mathematical aptitude with organized multitasking abilities with heavy workload 

Our Values:

Our Life Moves Us philosophy is built on four values: Passionate About Innovation, Customer Focused, Teamwork, and Driven.

  • Passionate about Innovation: Improving patient care by delivering advanced technology to our customers is at the core of what we do. We are passionate in our role in improving the lives of patients by continuously developing better solutions
  • Customer Focused: We listen to our customers’ needs and respond with a sense of urgency
  • Teamwork: Working together, anything is possible. We value every person on our team and treat each other with respect. We are accountable to one another and support each other. Together, we make each other stronger
  • Driven: We pursue our mission with energy and passion. We are nimble, results-oriented and decisive. We overcome obstacles that arise in our quest to deliver solutions that will improve the lives of our customers and patients. 

Physical Demands:

The physical demands listed here are representative of those that must be met by and employee to successfully perform the essential functions of this job.

  • Required to sit; climb or balance; and stoop, kneel, crouch or crawl
  • Required to regularly lift and/or move up to 10 pounds, and occasionally lift and/or move up to 25 pounds

Required to possess specific visons abilities, including: close vision, distance vision, color vision, peripheral vision, depth perception and capacity to adjust focus.

Equal Employment Opportunity:

Globus Medical is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, disability, marital status, pregnancy, national origin or citizenship. We are committed to a diverse workforce. We value all employees’ talents and support an environment that is inclusive and respectful.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Medical Technology

SALARY

$74k-92k (estimate)

POST DATE

06/24/2023

EXPIRATION DATE

05/27/2024

WEBSITE

globusmedical.com

HEADQUARTERS

AUDUBON, PA

SIZE

1,000 - 3,000

FOUNDED

2003

TYPE

Public

CEO

DAVID M DEMSKI

REVENUE

$500M - $1B

INDUSTRY

Medical Technology

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About Globus Medical

Globus Medical manufactures and commercializes musculoskeletal implants for the treatment of spinal disorders.

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The following is the career advancement route for Pricing Analyst positions, which can be used as a reference in future career path planning. As a Pricing Analyst, it can be promoted into senior positions as a Competitive Pricing Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Pricing Analyst. You can explore the career advancement for a Pricing Analyst below and select your interested title to get hiring information.

If you are interested in becoming a Pricing Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Pricing Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Pricing analysts understand business trends and market values for the products and services their organizations offer.

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Pricing analysts help determine what prices to set and whether current rates need adjustment.

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Pricing analysts conduct research to learn the history of the product and previous market trends.

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Pricing analysts collaborate with organizations that employ some form of a recurring revenue model to test various hypotheses about the efficacy of existing and proposed business models, pricing and packaging structure, and general market behavior.

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Heavily quantitative role focused on guiding management through developing pricing policies.

03/05/2022: Helena, MT

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Pricing Analyst jobs

Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.

04/10/2022: Fayetteville, NC

Students and new graduates can usually gain the necessary experience through a junior pricing analysis or finance position.

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Use pricing models to measure product profitability.

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Undertake ad-hoc pricing analysis as required by superiors.

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Therefore, to better understand changing price points, businesses should conduct new pricing-sensitivity study and market price tests right away.

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Step 3: View the best colleges and universities for Pricing Analyst.

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