Senior Analyst, Pricing
Abbott
Summary
The Senior Analyst, Pricing works out of our Lake Forest, IL location in the Abbott Molecular Diagnostics Division. You will work with the US Sales team to develop pricing strategies that ensure goal achievement, assuring customer satisfaction, meeting legal guidelines, and maintaining the effectiveness of the quality system. This position will work with Global Pricing, Sales, Management, Legal, OEC and Finance to apply business knowledge principles and financial concepts to implement recommended strategies.
Job description
The Opportunity
The Senior Analyst, Pricing works out of our Lake Forest, IL location in the Abbott Molecular Diagnostics Division. You will work with the US Sales team to develop pricing strategies that ensure goal achievement, assuring customer satisfaction, meeting legal guidelines, and maintaining the effectiveness of the quality system. This position will work with Global Pricing, Sales, Management, Legal, OEC and Finance to apply business knowledge principles and financial concepts to implement recommended strategies.
What You'll Work On
- Work with multiple levels of the sales organization to develop pricing proposals/contract documents while ensuring compliance with legal guidelines, OEC policies, and business rules
- Own customer pricing proposal creation from start to finish, utilizing internal and customer templates, including financial and pricing modeling
- Provide pricing analysis, P&L impact, contract development and execution for large customers; prepare, analyze, present active contract performance in relation to contractual obligations
- Apply critical thinking skills and problem solve to arrive at a viable solution when challenged with complex situations and customer requests
- Maintain a sense of urgency and ability to work under customer driven deadlines, including the ability to multitask and manage competing priorities
- Other projects as assigned based on key initiatives and MDx divisional priorities
- Complex Pricing Proposals, Pricing Strategy and Deal configuration support
- Negotiate contractual terms with internal and external customers
- Coordinate legal review and applicable business approval of contract terms and conditions
- Own customer contract creation from start to finish, utilizing internal and customer templates, including creation of custom language
- Counsel field sales on agreement terms and conditions focusing on meeting requirements of business policies and regulatory guidelines
Required Qualifications
- Bachelor's Degree in finance or related field
- 5 yrs of experience in contracting, pricing, finance, customer relationship management, analysis or related field (MUST)
- Strong analytical ability
- Strong communication skills
- 2+ years' knowledge of contracting and pricing strategies
- Strong proficiency with all MS Office products, advanced Excel
Preferred Qualifications
- Demonstrated organizational skills, attentiveness to detail, and ability to work independently in a time-sensitive environment while effectively prioritizing and handling multiple projects simultaneously
- Ability to build, maintain and develop professional relationships and partnership within and outside of the immediate work environment
- 2+ years' working within a sales organization
- Familiar with Power BI, Tableau, or similar tools
- Ability to facilitate interpretation and understanding of data, identify risks, draw relevant conclusions, summarize and communicate results effectively, develop recommendations and implement solutions
Requirements
- Bachelor's Degree in finance or related field
- 5 yrs of experience in contracting, pricing, finance, customer relationship management, analysis or related field
- Strong analytical ability
- Strong communication skills
- 2+ years' knowledge of contracting and pricing strategies
- Strong proficiency with all MS Office products, advanced Excel
Benefits
- Free medical coverage (HIP PPO)
- Retirement savings plan
- Tuition reimbursement
- Freedom 2 Save student debt program
- FreeU education benefit
- Career development
Company overview
Abbott Laboratories is a global healthcare leader with a 135-year legacy of innovation, dedicated to helping people live healthier, fuller lives through life-changing technologies and products. Headquartered in Abbott Park, Illinois, the company operates in more than 160 countries with a workforce of approximately 114,000 professionals. Abbott's diversified portfolio spans four core business segments: medical devices, diagnostics, nutrition products, and branded generic pharmaceuticals. The company is particularly renowned for its groundbreaking medical devices including cardiovascular technologies, diabetes management systems like the FreeStyle Libre continuous glucose monitor, neuromodulation devices for chronic pain, and the AVEIR DR dual chamber leadless pacemaker system. In diagnostics, Abbott has been instrumental in developing critical tests, including the first licensed HIV test in 1985 that helped secure blood supply safety. The company's nutrition division produces leading infant formulas like Similac, while its pharmaceutical business provides quality branded generic medicines. Abbott consistently ranks among Fortune's Most Admired Companies and maintains a strong commitment to sustainability and corporate responsibility, making it a trusted partner in advancing global healthcare.