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If you are looking to expand business partnering skills, develop influencing capabilities, and support high-visibility projects, come join the Medtronic Clinical & Regulatory Solutions (MCRS) Team in Global Clinical Contracts & Payments! This Contract Analyst role provides key support related to the Global Clinical Contracting across the Medtronic enterprise.
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.
We believe that when people from different cultures, genders, and points of view come together, innovation is the result — and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive.
• Using customer service skills such as clear and persuasive communication skills, timemanagement 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 drafting, 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.• 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 moderately complex contract negotiations with guidance from senior-level professionals. 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.• 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(ies).• May serve as a project leader for smaller, new or existing studies (with manager and senior-level professional review/input).• Frequently interacts and communicates with internal customer/client, including senior management, and external other party.• Administers, extends, negotiates, and terminates standard and nonstandard contracts.• Examines estimates of material, equipment services, production costs, performance requirements, and delivery schedules to ensure accuracy and completeness.
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. Learn more about our benefits here.
This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) on page 6 here.
The provided base salary range is used nationally (except in certain CA locations). The rate offered is compliant with federal/local regulations and may vary by experience, certification/education, market conditions, location, etc.
Full Time
Medical Technology
$62k-82k (estimate)
05/10/2024
05/13/2024
medtronic.com
WASHINGTON, DC
>50,000
1949
Public
PETER B SLONE
$3B - $5B
Medical Technology
Medtronic is a medical technology and services firm that manufactures devices and therapies to treat for chronic diseases.
The following is the career advancement route for Contract Analyst positions, which can be used as a reference in future career path planning. As a Contract Analyst, it can be promoted into senior positions as a Contracts Administrator IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Contract Analyst. You can explore the career advancement for a Contract Analyst below and select your interested title to get hiring information.
If you are interested in becoming a Contract 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 Contract Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Contract Analyst job description and responsibilities
They must also be able to manage their time efficiently, as many contracts and deals are time sensitive.
04/26/2022: Chico, CA
Contract analysts help companies avoid contractual disputes and financial losses.
04/03/2022: Appleton, WI
A top-notch contract analyst will be someone who can prevent contractual disputes and negotiate favorable terms on behalf of their companies.
04/25/2022: Fort Wayne, IN
They review contract terms and conditions before contracts are signed, negotiate favorable terms with other parties on behalf of their employers, and draft contractual provisions and amendments.
03/17/2022: Green Bay, WI
They negotiate terms and conditions after reviewing contracts to prevent potential disputes and financial risk. Contract analysts examine contract clauses, liabilities, stipulations, and obligations, and recommend and draft provisions and amendments accor
03/26/2022: Manchester, NH
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 Contract Analyst jobs
NFL Analyst Adam Schefter had a strong opinion on Lamar’s contract situation.
04/16/2022: Binghamton, NY
That has led to companies hiring various compliance officers and compliance analysts.
02/12/2022: Davenport, IA
But, there are some duties, roles, and responsibilities that overlap for both the compliance officer and compliance analyst.
04/30/2022: Portsmouth, NH
Every compliance analyst has slightly different duties, tasks, and responsibilities due to varying job descriptions.
05/08/2022: Syracuse, NY
Compliance analysts can have varying duties and tasks, but the skills, qualifications, and abilities required remain the same.
05/05/2022: Bloomington, IN
Step 3: View the best colleges and universities for Contract Analyst.