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As a Contract Analyst, you will be responsible for managing customer contracts for key customers to optimize our top and bottom line in partnership with our sales team. The Contracts Analyst covers all steps from analyzing the initial contract proposal to following up on customer performance. You will work in a talented and dynamic team environment with frequent exposure to our Interventional Urology leadership team.
Job Responsibility:
Collaborate with the Sales team to establish contractual relationships with key Group Purchasing Organization (GPO) Integrated Delivery Network (IDN), and local customers while upholding critical business initiatives. This includes but is not limited to RFP, RFI, RFQ, bids, and contract requests
Analyze contract terms and conditions to determine compliance and assess corporate risk, while acquiring and documenting appropriate stakeholder approvals
Serve as point of contact for Coloplast internal clients on contract negotiation and other contractual matters, including status of contracts in process and tracking of contracts in the Contracts Database
Build relationships with key internal clients, including Legal, Finance, Marketing, Regulatory, and Global Operations to facilitate understanding, proactively influence timely decision-making, and streamline execution of contractual terms & conditions
Assist with the negotiation of customer contracts on business terms and conditions when requested by the sales team
Ensure corporate requirements are met while implementing contracts: notifications, documentation, price file uploads, record management, database maintenance, systems-related updates, and other follow up items as needed
Educate internal business partners on Coloplast contract request and review process
Translate detailed contract language into concise, clear communications to help internal customers and other external customers better understand contract related terms
Design or improve upon processes & tools to help the Contracts team facilitate accurate workflow management, contract price loading, KPI monitoring, data management, and record retention
Provide timely responses to internal and external inquiries
Develop reports for senior management on contract performance and summaries of key terms & conditions
Design queries from various data sources to assist in research and analysis to contractual requirements
Coloplast employees are required to conduct business to the highest ethical and professional standards
comply with applicable laws and regulations, the Advamed Code of Ethics on Interactions with Healthcare Professionals, and company policies
Other duties as assigned
Requirements:
Bachelor’s degree in business or related area is required
3+ years experience working with contracts, negotiations, or legal department
healthcare industry is preferred
Knowledge of healthcare compliance requirements is preferred
Excellent understanding of corporate policies and procedures, coupled with ability to identify required improvements to established policies
Solid understanding of the business needs and an appreciation of financial contractual implications
Ability to prioritize, multi-task and complete tasks efficiently and independently with a high degree of accuracy and attention to detail
Confidence to apply independent judgment and creativity to contract resolution issues, in partnership with legal and compliance stakeholders
Comfortable with communicating and influencing at all levels within the organization
Proven track record with consistent high performance both academically and professionally
Excellent written and verbal communication skills
Experience with managing multiple initiatives / projects
Technical proficiency with the following tools / systems: Word, Excel, Outlook, Enterprise One, Power BI
A team player with the ability to use strong verbal reasoning skills to analyze elements of contract language
What we offer:
Comprehensive medical, dental, and vision insurance plans
company sponsored wellness programs and mental health resources
paid leave of absence for qualifying events
generous paid parental leave for both birthing and non-birthing parents
competitive 401(k) plan with company match that vest immediately
financial planning services
corporate discount programs for goods and services
generous paid time off
flexible work hours
flexible work arrangement options
opportunities for continuous learning and career advancement through training programs, mentorship, and tuition reimbursement
recognition programs to celebrate achievements and contributions, including peer recognition, bonuses, awards, and special events
a supportive work environment
participate in team-building activities, volunteer opportunities, and company-sponsored events