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Pricing Strategy Manager in Tempe, AZ at Stryker Corporation

Date Posted: 4/8/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Tempe, AZ
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    4/8/2019
  • Job ID:
    R411377

Job Description

Essential duties and responsibilities

  • Oversee development and approval of all Division contract proposals, RFP submissions, pricing requests, buybacks and other commercial agreements
  • Partner with Marketing and Finance on price setting and administration during commercialization process
  • Develop and implement plan to manage & control Division price erosion
  • Partner with key SSS stakeholders to implement a contract management system and communications process
  • Partner with Sales, Upstream and Downstream Marketing on product life cycle management activities
  • Work with Sales and Corporate Accounts teams to ensure that contract objectives and KPIs are established for key contracts and that appropriate reporting is created.
  • Partner with Finance and Accounting to streamline the rebate tracking, approval and reporting process. This includes rebate approval authority, rebate cancellations and oversight of a rebate tracking tool to monitor key dates and rebate effectiveness.
  • Develop and administer Sustainability Solutions’ RFP toolkit to align with marketing strategy
  • Analyze market data to identify trends/opportunities, develop strategic direction from market information and create/support contracting opportunities.
  • Partner with Sales and Corporate Accounts teams in contract promotion and incentive design for GPOs and covered accounts, ensuring alignment to Marketing portfolio strategy.
  • Partner with other Stryker Divisions/Business Units and Sales team to develop custom contracts for targeted accounts.
  • Educate SYK business units on the value SSS provides and benefits of partnering with the Division.
  • Gather, lead and drive internal approvals for all contracts within scope of role. Utilize established database and system to maintain an effective repository of all contract activity.
  • Routinely monitor and report on contract performance against established objectives, partnering with Finance to develop dashboards and other tools.
  • Develop processes for Marketing, Finance and Sales teams with remediation of performance, including tools for customer communication.
  • Develop training curriculum specific to enhance understanding of contract structure, price impact and negotiation strategy.
  • Align with BU pricing leaders to share best practices, advance collaboration and create standards best practices
  • Decrease risk exposure profile and improve profitability through alignment in our contracts/agreements.
  • Regularly monitor and report on contract and pricing performance to key business stakeholders, including in the IBP process
  • Duties may be removed or added to this role at management’s discretion.

Qualifications

  • Ability to work effectively across Division and SYK stakeholder groups
  • Ability to influence Sales and Senior-level positions
  • Ability to communicate clearly, decisively and effectively, both verbally and in writing
  • Ability to evaluate and explain detailed contract documents
  • Ability to analyze large amounts of data
  • Ability to identify and correct minute inconsistencies in contract documents and materials
  • Ability to identify key areas of customer agreements
  • Ability to review printed materials to audit for appropriate language used

Education

  • Bachelor’s degree in Finance, Marketing, Healthcare related or applicable discipline required
  • Master’s degree in Business, Marketing, Finance or related field strongly preferred

Experience

  • Minimum 8+ years of experience in contracts and pricing or other relevant industry experience (medical device preferred) or 5+ years of sales experience with deep product knowledge of Stryker products

Other Skills

  • Demonstrated ability to develop key relationships
  • Emotional intelligence
  • Strategic long-term vision with the ability to execute tactically
  • Team player with the ability to lead others
  • Strong knowledge and awareness of healthcare trends
  • Excellent negotiation skills
  • Excellent analytical skills
  • Excellent interpersonal and verbal / written communication skills
  • Excellent organizational and time management skills
  • Excellent public speaker
  • Excellent computer skills, especially Microsoft Excel

Work environment

  • Professional Office environment
  • Travel up to 50%
  • While performing the duties of this job, the employee is occasionally required to stand, walk, sit, use hands to finger, handle, or feel objects; reach with hands and arms; balance; stoop, kneel, or crouch; talk or hear.
  • The employee may occasionally lift and/or move up to 25 pounds.
  • Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
  • While performing the duties of this job, the employee is exposed to weather conditions prevalent at the time. 
  • The noise level in the work environment is usually moderate.
  • May be exposed to Hazardous materials. Employees need to consult MSDS in their work area.

Work From Home: No

Travel Percentage: Up to 50%

Stryker Corporation is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, or protected veteran status. Stryker is an EO employer – M/F/Veteran/Disability.

Stryker Corporation will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

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