Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
JOB DESCRIPTION:
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:
- Career development with an international company where you can grow the career you dream of.
- Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
- An excellent retirement savings plan with a high employer contribution
- Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
- A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
Leading an active lifestyle is important to the many people we serve. In Abbott’s Electrophysiology division, we’re advancing the treatment of heart and vascular disease through breakthrough medical technologies in electrophysiology and heart failure, allowing people to restore their health and get on with their lives.
Our location in Austin, TX currently has an opportunity for a Manager, Pricing and Contracting. The role is pivotal in developing and implementing Global pricing strategy and tactical plans aligned to inline and future launch products. This role plays a pivotal role to support decision-making regarding the overall health of the business. This role collaborates with Marketing, Finance, and sales and will lead all pricing strategy development related to pipeline and in-market medical devices. This role will work in a matrix approach within the organization and requires excellent excel/analytic skills and communication and presentation skills. This position reports to the Director of Electrophysiology Pricing & Contracting Strategy.
Each employee can make a difference at Abbott and has the power, either individually or as a team, to influence the success of the company. We are team-oriented, fast-paced and progressive. We value people with great ideas who partner with others both internally and externally to take action and accomplish goals.
What You’ll Work On
- Partner with Global and regional/country team to analyze the product portfolio and develop and maintain the Global List price, Target prices and Floor price for EP product portfolio
- Drive Global margin improvement projects by identifying opportunities through pricing leveraging data and analytics
- Lead price tests to adjust and optimize local portfolio and life cycle pricing strategies
- Partner with Marketing and Finance teams to conduct regular pricing reviews to effectively organize and manage positioning and pricing across the lifecycle accounting for competitive price changes, inflation, changes in demand, sales strategy, and positioning strategy
- Identify developments in the pricing environment to evaluate the potential impact on Abbott Electrophysiology and proactively identify strategies and actions.
- Provide market inputs and assumptions into annual brand planning and long-range forecast processes and develop price forecasts for the markets
- Lead a team of 1-2 pricing analyst to develop monthly/quarterly Global pricing scorecard with key insights for senior leadership to track price execution based on strategic recommendations
- Develop foundational data & analytics capabilities enabling the tracking and monitoring of price performance for leadership
- Manage the RPO pricing and contracting process in the US, develop pricing strategies, manage credit management process and analytics required to manage contract compliance
- Partner with the various geographic leaders to procure third party data and analyze for competitive intelligence and tracking
- Develop a robust process for launching and tracking product launches in priority markets
Required Qualifications
- Bachelor’s Degree required; MBA or other advanced degree preferred. Background in Finance, Economics, Marketing or other quantitative discipline is helpful
- A minimum of 7-10 years of business experience is required with 3 plus years in either Strategic Pricing, Finance or EP clinical experience is strongly preferred with Medical device industry experience, preferably with Electrophysiology knowledge
- Self-starter and strategic thinker with demonstrated ability to implement strategies based on competitive dynamics, product life cycle and customer needs
- Proven ability to translate large amounts of data into actionable insights and coherent strategies.
- Excellent verbal and written communication skills and the ability to interact professionally with multiple business partners and influence key stakeholders
- Ability to find out-of-the-box/non-traditional ways of problem solving and apply innovative thinking when approaching and defining solutions. Enjoys the challenge posed by ‘problems’ and enjoys solving them.
- Desire to work in a fast paced, growing, deadline driven, startup-up environment. Ability to inform rapid, but fact-based decision-making with imperfect data. Self-motivated, driven to achieve teams commitments..
- Curious/Inquisitive: Investigates the current situation, asks the relevant questions needed to get the whole picture then provides specific actionable recommendations
- Encourages team collaboration, works well with peers across multiple functionalities within the company, promotes enthusiasm, uses influence when necessary and motivates relationship building.
- Proficiency in excel, Business Intelligence tool Tableau/Power BI and Power Point
- Gets it done – Believes that actions speak louder than words, thrives on achievement.
- Extreme attention to detail and commitment to quality.
Apply Now
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.
The base pay for this position is
$111,300.00 – $222,700.00
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:Pricing
DIVISION:EP Electrophysiology
LOCATION:United States > Austin : 8701 Bee Caves Rd
ADDITIONAL LOCATIONS:
WORK SHIFT:Standard
TRAVEL:Yes, 10 % of the Time
MEDICAL SURVEILLANCE:No
SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Continuous standing for prolonged periods (more than 2 consecutive hours in an 8 hour day)
Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.
EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf
EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf
