CLO Analyst at U.S. Bank managing transaction deliverables and developing client solutions. Collaborating with business partners to interpret data and ensure compliance with U.S. Bank standards.
About the role
- Sr Contract Analyst managing contracting activities for GPOs, IDNs, and key accounts in pharmaceuticals. Collaborating with various teams to enhance efficiency and productivity in contracting processes.
Responsibilities
- Primary lead for administering GPO contracting activities and acts as a liaison for related activities between Sales and Contract Marketing
- Administers, and maintains all contract set up in Model N system
- Working knowledge of the administration and governance of pricing relationships, membership rosters, and contract eligibility process
- Participates and recommends contract terms for customer agreements
- May directly interface with customer on contract negotiations
- Timely, and efficient confirmation, and validation of contract set up and eligibility within required timelines
- Compiles and maintains product information for bids/RFP’s and RFI’s
- Maintains and provides guidance on all contracting activities, such as bids/RFP’s, terms and conditions, and redlining in collaboration with other functional stakeholders in accordance with department and company policies
- Supports and executes contract strategy and bid responses in cooperation with senior leaders across the commercial organization
- Collaborates with internal functional groups relative to assigned accounts which includes written correspondence, contract updates and maintenance, milestone tracking, billing, and membership
- Leads GPO and IDN contract sign up process for all products and designated accounts under the commercial area of focus (Pharmaceuticals, Infusion Therapy & Medical Device, or Biosimilars)
- Proactively tracks, governs, and leads expiring contracts or extension activities
- Provides and ensures accuracy of ad hoc reporting as needed
- Identifies process improvement opportunities, and develops, or enhance tools to assist in the work deliverables
- Uses SAP, Model N, Qlik, CLM, CRM and other databases/tools to obtain, prepare, compile, and analyze information
- Analyzes KPIs to drive improvements in contract marketing process
- Provides support during new product launches by ensuring contract information is up to date
Requirements
- Bachelor's degree required (Advanced degree is a plus)
- Minimum of 5 years of related experience (preferably with contracting, pricing, healthcare experience)
- Knowledge of medical device, hospital/pharmacy products and/or pharmaceutical industry contractual terms and conditions is strongly preferred
- Demonstrated business acumen and experience with customer agreements (preferably experience with GPO, IDN, and hospital and/or clinic contracting) is a plus
- Strong interpersonal, written, and verbal communication skills accompanied with critical thinking and problem resolution skills
- Proficient with Microsoft Office applications (Excel, Word, PowerPoint, Access, and advanced skill set with Excel)
- Knowledge of ERP systems (SAP), CLM, CRM, Qlik and other database concepts preferred
- Demonstrated ability to prioritize and execute tasks in a dynamic environment
- Ability to work flexible hours and weekends to meet business/customer needs
- Able to manage and prioritize multiple complex projects with demonstrated time management skills as well as the ability to work independently
- Ability to maintain complete confidentiality and discretion in business relationships and exercise sound business judgment.
Benefits
- Medical, dental and vision coverage
- Life insurance
- Disability
- 401K with company contribution
- Wellness program
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