At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the LifeMAIN PURPOSE OF JOB-Rebate administration including timely calculations, accrual adjustments and payments, set up and extension of rebates.
-Provide analytic and strategic support for RFPs to the business units and provide recommendations in accordance with RFP guidelines and business strategies.
-Collaborate with Commercial teams on various initiatives such as product launch and capital deals.
-Support ad hoc analysis requests.
This position is an exciting opportunity to work with Medtronic's Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.
MAIN JOB DUTIES/RESPONSIBILITIES (may include the following and other duties may be assigned):
- Develops and communicates the strategic, financial, and administrative implications of proposed and/or implemented pricing policy.
- Develops price recommendations to ensure compliance with policy.
- Recommends positions for pricing and reimbursement strategies for current and future products across all relevant customer and market segments.
- May review competition to determine price of new product.
- Provides input on final pricing contracts.
- May plan and develop market research and analysis.
- Responsible for reporting complaints and Adverse Drug Reactions (ADR)
- Calculate rebates on a timely basis in accordance with customer agreements.
- Coordinate the rebate payments and send supporting calculations to business units for approval.
- Set up new rebates in accordance with the contracts and ensure that agreements are extended on time.
- Complete monthly balance sheet rebate account reconciliation.
- Provide key input in RFPs including pricing model assumptions, strategic support and recommendations to align proposals with critical business strategies and marketing guidance.
- Engage in pricing discussions, including various share scenarios to determine financial impact of business proposals.
- Work with Commercial teams to assist them in product launch, capital programs and other initiatives
- Ensure compliance with Medtronic policies and procedures and suggest process improvement.
REQUIRED QUALIFICATIONS KNOWLEDGE/EDUCATION
Bachelor’s degree, or Advanced degree.
JOB EXPERIENCE
Minimum of 2 years of relevant experience, with a bachelor’s degree, or
OR
No minimum years of relevant experience, with an advanced degree.
SKILLS/COMPETENCIES
- Advanced Microsoft Excel, Microsoft Word
- Strong attention to details
- Good communication skills (oral and written)
- Strong ability to prioritize tasks and meet deadlines.
DESIRED/PREFERRED QUALIFICATIONS KNOWLEDGE/EDUCATION
- CPA or pursuing CPA designation or MBA Finance
JOB EXPERIENCE
- 3 years of relevant experience
SKILLS/COMPETENCIES
- Experience in similar role
PHYSICAL JOB REQUIREMENTS
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer and communicate with peers and co-workers.
Medtronic Canada strives through our vision to build a culture of inclusiveness through our commitment to employment equity and diversity. Discrimination is prohibited on any grounds protected under Canadian Human Rights legislation. Employment applications are encouraged from all members of our community. Upon request, candidates with disabilities will be accommodated during the recruitment process.
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
Medtronic offers a competitive Salary and flexible Benefits Package
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.
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here
