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Contract Analyst - job 1 of 2

We anticipate the application window for this opening will close on - 15 Apr 2025


 

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 Life

We are seeking a detail-oriented and highly organized Contract Analyst to manage capital equipment agreements. This role is responsible for the full lifecycle of capital contracts, including reviewing and interpreting terms and conditions, ensuring accurate implementation into compliance management systems, and coordinating orders with relevant stakeholders. The Contract Analyst will monitor compliance, track contract performance, and maintain comprehensive documentation including standard operating procedures (SOPs). Additionally, this position supports internal teams by addressing inquiries related to capital equipment programs and contracts, ensuring alignment with organizational policies and regulatory requirements.

Responsibilities may include the following and other duties may be assigned.

  • Administers, extends, negotiates and terminates standard and nonstandard contracts.
  • Conducts proposal preparation, contract negotiation, contract administration, and customer contact activities to provide for proper contract acquisition and fulfillment in accordance with company policies, legal requirements, and customer specifications.
  • Examines estimates of material, equipment services, production costs, performance requirements, and delivery schedules to ensure accuracy and completeness.
  • Prepares bids, processes specifications, progress, and other reports; advises management of contractual rights and obligations; compiles and analyzes data and maintains historical information.

Must Have: Minimum Requirements:

  • High School Diploma or equivalent with 4+ years of relevant experience in Contracts or Pricing or equivalent experience (OR Associate's Degree with 2+ years experience OR Baccalaureate Degree with 1+ year(s) experience).

Nice to Have:

  • Experience with SAP/Tableu or Power BI/SQL/contract compliance management/Excel
  • Experience with Salesforce/CPQ

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. 

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. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

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.
 

Salary ranges for U.S (excl. PR) locations (USD):$64,800.00 - $97,200.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).

 

The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

 

Regular employees are those who are not temporary, such as interns.  Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

 

Further details are available at the link below:

Medtronic benefits and compensation plans

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 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.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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Average salary estimate

$81000 / YEARLY (est.)
min
max
$64800K
$97200K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Contract Analyst, Medtronic

At Medtronic, we’re excited to invite applications for the role of Contract Analyst in sunny Santa Ana, California. This is not just a job—it's a chance to start a fulfilling career where you'll champion healthcare access and equity for everyone. As a Contract Analyst, you’ll dive into the full lifecycle management of capital equipment agreements, ensuring that every detail is meticulously reviewed and effectively implemented. You’ll work closely with both internal teams and external partners, interpreting complex contracts and monitoring compliance to make sure everything runs smoothly. Your day-to-day tasks will involve negotiating agreements and preparing bids, as well as tracking contract performance and helping to address inquiries that arise within the organization. With a focus on navigating the compliance landscape and managing extensive documentation, your role is vital in supporting Medtronic’s mission to alleviate pain and restore health. A successful Contract Analyst at Medtronic combines strong analytical skills with a proactive approach to problem-solving, ensuring that every contract aligns with our high standards and legal requirements. If you’re dedicated to detail, passionate about supporting healthcare initiatives, and ready to join a team that values innovation and collaboration, then this is the perfect opportunity for you to make an impact every day.

Frequently Asked Questions (FAQs) for Contract Analyst Role at Medtronic
What are the primary responsibilities of a Contract Analyst at Medtronic?

The Contract Analyst at Medtronic is tasked with managing the full lifecycle of capital contracts. Responsibilities include negotiating and administering contracts, reviewing terms and conditions, and ensuring compliance while collaborating with various teams to meet organizational standards.

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What qualifications are needed to become a Contract Analyst at Medtronic?

To qualify for the Contract Analyst position at Medtronic, candidates typically require a High School Diploma with four years of relevant experience, an Associate's Degree with two years of experience, or a Baccalaureate Degree with at least one year of experience in contracts or pricing.

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What tools and systems should a Contract Analyst at Medtronic be familiar with?

Familiarity with tools like SAP, Tableau, Power BI, SQL, and contract compliance management systems, alongside proficiency in Excel, is highly beneficial for a Contract Analyst at Medtronic.

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How does Medtronic support the professional development of its Contract Analysts?

Medtronic is committed to employee growth and offers various professional development resources, including tuition assistance, mentorship programs, and opportunities for internal advancement, ensuring Contract Analysts can continually enhance their skills.

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What is the work environment like for Contract Analysts at Medtronic?

The work environment for Contract Analysts at Medtronic is dynamic and collaborative, with a focus on innovation and teamwork. Employees can expect a supportive atmosphere that fosters professional growth and encourages brainstorming and solution-oriented discussions.

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Common Interview Questions for Contract Analyst
Can you describe your experience with contract negotiation as a Contract Analyst?

When answering this question, highlight specific situations where you successfully negotiated contracts, the strategies you used, and the positive outcomes achieved, underlining your ability to balance stakeholder interests.

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How do you ensure compliance with established regulations and company policies?

Discuss the methods you use to stay updated on regulations, such as regular training or workshops, and the systems you implement to monitor compliance, demonstrating your attention to detail and organizational skills.

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What strategies do you use to manage multiple contracts and meet deadlines?

Explain your prioritization techniques and any tools you use, such as project management software or tracking spreadsheets, to keep tasks organized and to communicate effectively with team members.

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What is your approach to resolving disputes related to contractual agreements?

Share your conflict resolution strategies, such as open communication and negotiation, and provide an example of a situation where you successfully navigated a dispute to find a mutually beneficial solution.

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How do you handle changes in contract requirements or terms?

Discuss your adaptability and how you approach receiving and implementing changes in contract terms, providing an example of when you navigated changes effectively to minimize disruption.

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Can you provide an example of when you analyzed contract performance?

Describe a situation where you analyzed the performance of a contract, the metrics you used, and the insights you gained that led to improvements or adjustments in contract management.

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How do you keep yourself organized and manage documentation for contracts?

Discuss your organizational methods, such as digital filing systems and checklists, to keep contract documentation comprehensive and accessible, showcasing your attention to detail.

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What is your understanding of the compliance management systems used at Medtronic?

Mention your familiarity with compliance management systems, ideally naming specific tools, and discuss your experience in ensuring contracts adhere to the required standards.

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How would you approach collaboration with internal teams to manage contracts?

Emphasize your team-oriented approach and provide examples of how you collaborate effectively with other departments, fostering communication to align on contract terms and project goals.

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Why do you want to work as a Contract Analyst for Medtronic?

Articulate your passion for healthcare and how Medtronic's mission aligns with your values, highlighting how you can contribute to the team with your skills and experience.

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Mission Written in 1960, our Mission dictates that our first and foremost priority is to contribute to human welfare. Over a half-century later, the Mission continues to serve as our ethical framework and inspirational goal for our employees aroun...

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