Mumbai, India.
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.
The Service and Repair Pricing Strategy Manager will be responsible for partnering with Local/Regional leadership team to ensure the effective implementation of pricing foundation processes for the Region and driving more complex strategic pricing initiatives that are aligned with corporate priorities. As well as driving the creation of a pricing culture and support the standardization of tools, processes and metrics in the region, for all Business units, ensuring sustainable implementation by creating a prioritization roadmap.
Responsibilities may include the following and other duties may be assigned.
- Leading S&R Regional Pricing Strategy within the Medtronic Global team, in alignment with Global S&R Pricing Strategy, covering the areas of Pricing & Contracting Strategy, Pricing Governance and Insights into Pricing Performance.
- Defining pricing strategy for existing and new services, for current portfolio and new products, covering the areas of: spare parts, Per incident, Service contract agreements.
- Performance monitoring and partnering with all relevant business stakeholders to define, implement and report on pricing strategy & guidelines.
- Putting in place systematic annual price increase: definition and validation of ambition; definition of price increase processes and tools to set target and measure performance against target
- Contributing, with Global S&R Pricing lead and peers S&R Pricing Manager, to the definition and implementation of strategic pricing framework (strategic pricing playbook), to be consistently implemented for hospitals, regional buying groups, patients and governmental bodies, managing through tenders and individual contract negotiations (localization of pricing playbook).
- Developing and providing recommended solutions to innovative pricing solutions.
- Driving performance of the Regional S&R team on pricing topics: educate internal stakeholders and customers; build internal pricing-related business practices, processes and capabilities; develop team members to maximize strengths and realize potential efficiencies.
- Defining and implementing key KPI’s and processes to manage the function successfully towards a ‘best-in-class’ organization.
- Developing insights and reports through partnerships with Analyst (Analytics and Insights team).
Specialist Career Stream: Typically an individual contributor with responsibility in a professional discipline or specialty. Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results. May act as a mentor to colleagues or may direct the work of other lower level professionals. The majority of time is spent delivering and overseeing the projects – from design to implementation – while and adhering to policies, using specialized knowledge and skills normally acquired through advanced education.
Differentiating Factors
Autonomy: Recognized expert, managing large projects or processes .
Exercises considerable latitude in determining deliverables of assignments, with limited oversight from manager .
Coaches, reviews and delegates work to lower level specialists.
Organizational Impact: Contributes to defining the direction for new products, processes, standards, or operational plans based on business strategy with a significant impact on work group results .
May manage large projects or processes that span outside of immediate job area.
Innovation and Complexity: Problems and issues faced are difficult, moderately complex and undefined, and require detailed information gathering, analysis and investigation .
Develops solutions to moderately complex problems, and/or makes moderate to significant improvements of processes, systems or products independently to enhance performance of job area.
Implements solutions to problems.
Communication and Influence: Represents organization as a primary contact for specific projects and initiatives; communicates with internal and external customers and vendors at various levels .
May negotiate with others to reach understanding or agreement, and influence decision-making.
Leadership and Talent Management: Typically provides guidance, coaching and training to other employees within job area.
Typically manages major / moderately complex projects, involving delegation of work and review of work products, at times acting as a team leader.
Required Knowledge and Experience:
Ø University degree in business, finance, accounting, or equivalent
Ø Excellent knowledge of Excel modelling and PowerBI as well as MS Office
Ø 9-12 years of relevant service pricing experience or successful experience in Strategy, Finance, Reimbursement / Health Economics or Marketing.
Ø Proven track record of business partnership and process improvements, as well change and project management and strong analytical experience.
Ø Problem solving and decision-making skills – and ability to operate within a complex matrix environment with multi-cultural & multi-functional components to overcome strategic challenges.
Ø Excellent oral and written communication skills and interpersonal skills coupled with ability to work independently as well as function well in a team.
Ø Enthusiastic, Self-motivated and positive.
Ø Available for some international travel and out of office work.
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.
Benefits & Compensation
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.
This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
About Medtronic
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 90,000+ 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.
This job is posted by Medtronic.
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