Contracts Analyst

Coloplast; Minneapolis, Northern (MN, KY); On-site; USD 70,000 - 105,000; Full time

Benefits offered by this job

Health insurance and wellness programs

401(k) with company match

Paid leave and parental leave

Flexible work hours and arrangements

Tuition reimbursement and professional

Job summary

Coloplast is seeking a Contract Analyst to manage customer contracts and support the sales team in Minneapolis. You will oversee the contract lifecycle from proposal through performance, collaborating with Legal, Finance, Marketing, Regulatory, and Global Operations to ensure timely, compliant execution.

The role demands attention to detail, strong communication, and ability to balance multiple initiatives while adhering to industry standards and company policies.

Qualifications

• Bachelor’s degree in business or related area is required.
• 3+ years experience working with contracts, negotiations, or legal department; healthcare industry is preferred.
• Knowledge of healthcare compliance requirements is preferred.
• Excellent written and verbal communication skills.
• Ability to prioritize, multi-task and complete tasks accurately.
• Ability to collaborate with Legal, Finance, Marketing, Regulatory, and Global Operations

Responsibilities

• Collaborate with the Sales team to establish contractual relationships with key customers and organizations.
• Analyze contract terms and conditions for compliance and risk.
• Serve as point of contact for internal clients on contract negotiation.
• Build relationships with internal teams to facilitate timely decision-making and contract execution.
• Assist with negotiation of customer contracts on business terms when requested.
• Ensure corporate requirements are met: notifications, documentation, price file uploads, record management, and database updates.
• Develop reports for senior management on contract performance.
• Design queries from data sources to support contractual requirements.
• Adhere to Advamed Code of Ethics and company policies.

Skills

Contract negotiation

Communication

Analytical thinking

Attention to detail

Project management

Cross-functional collaboration

Business acumen

Education

Bachelor’s degree in business or related area

Tools

Word

Excel

Outlook

Enterprise One

Power BI

Job description

As a Contract Analyst, you will be responsible for managing customer contracts for key customers to optimize our top and bottom line in partnership with our sales team. The Contracts Analyst covers all steps from analyzing the initial contract proposal to following up on customer performance. You will work in a talented and dynamic team environment with frequent exposure to our Interventional Urology leadership team.

Major Areas of Accountability

Contract Management

• Collaborate with the Sales team to establish contractual relationships with key Group Purchasing Organization (GPO) Integrated Delivery Network (IDN), and local customers while upholding critical business initiatives. This includes but is not limited to RFP, RFI, RFQ, bids, and contract requests
• Analyze contract terms and conditions to determine compliance and assess corporate risk, while acquiring and documenting appropriate stakeholder approvals
• Serve as point of contact for Coloplast internal clients on contract negotiation and other contractual matters, including status of contracts in process and tracking of contracts in the Contracts Database
• Build relationships with key internal clients, including Legal, Finance, Marketing, Regulatory, and Global Operations to facilitate understanding, proactively influence timely decision-making, and streamline execution of contractual terms & conditions
• Assist with the negotiation of customer contracts on business terms and conditions when requested by the sales team
• Ensure corporate requirements are met while implementing contracts: notifications, documentation, price file uploads, record management, database maintenance, systems-related updates, and other follow up items as needed

Contract Process Education

• Educate internal business partners on Coloplast contract request and review process
• Translate detailed contract language into concise, clear communications to help internal customers and other external customers better understand contract related terms
• Design or improve upon processes & tools to help the Contracts team facilitate accurate workflow management, contract price loading, KPI monitoring, data management, and record retention
• Provide timely responses to internal and external inquiries

Ad hoc Requests

• Develop reports for senior management on contract performance and summaries of key terms & conditions
• Design queries from various data sources to assist in research and analysis to contractual requirements
• Coloplast employees are required to conduct business to the highest ethical and professional standards; comply with applicable laws and regulations, the Advamed Code of Ethics on Interactions with Healthcare Professionals, and company policies.
• Other duties as assigned

Basic Qualifications

• Bachelor’s degree in business or related area is required.
• 3+ years experience working with contracts, negotiations, or legal department; healthcare industry is preferred.

Knowledge, Skills and Abilities

• Knowledge of healthcare compliance requirements is preferred
• Excellent understanding of corporate policies and procedures, coupled with ability to identify required improvements to established policies
• Solid understanding of the business needs and an appreciation of financial contractual implications
• Ability to prioritize, multi-task and complete tasks efficiently and independently with a high degree of accuracy and attention to detail
• Confidence to apply independent judgment and creativity to contract resolution issues, in partnership with legal and compliance stakeholders
• Comfortable with communicating and influencing at all levels within the organization
• Proven track record with consistent high performance both academically and professionally
• Excellent written and verbal communication skills
• Experience with managing multiple initiatives / projects
• Technical proficiency with the following tools / systems: Word, Excel, Outlook, Enterprise One, Power BI
• A team player with the ability to use strong verbal reasoning skills to analyze elements of contract language

At Coloplast, we believe in recognizing and rewarding the contributions of our employees. Our total rewards package is designed to support your well-being, foster your professional growth, and ensure a healthy work-life balance. Here is some of what you can expect:

• Health and Wellness: Comprehensive medical, dental, and vision insurance plans to keep you and your family healthy. Plus, access to company sponsored wellness programs and mental health resources, paid leave of absence for qualifying events and generous paid parental leave for both birthing and non-birthing parents.
• Financial Security: A competitive 401(k) plan with company match that vest immediately, financial planning services to help you secure your future, and corporate discount programs for goods and services.
• Work-Life Balance: Generous paid time off, flexible work hours, and flexible work arrangement options to help you balance your personal and professional life may be available.
• Professional Development: Opportunities for continuous learning and career advancement through training programs, mentorship, and tuition reimbursement.
• Recognition and Rewards: Recognition programs to celebrate achievements and contributions, including peer recognition, bonuses, awards, and special events.
• Community and Culture: A supportive work environment where everyone feels valued, and has a sense of belonging. Participate in team-building activities, volunteer opportunities, and company-sponsored events. Sustainability strategy that outlines our ambitions for how to run our company in a more sustainable way.

Competitive Compensation: The compensation range for this position is $69,840 - $104,761. Actual compensation is influenced by a variety of factors including but not limited to skills, experience,

Pursuing an ambitious growth agenda, Coloplast develops and markets products and services that make life easier for people with intimate healthcare needs. Employing about 16,000 people and with products available in more than 143 countries, we are one of the world s leading medical device companies. We are constantly growing our business and always looking for new ways to move forward we explore, learn and look for new ways of doing things.

Coloplast employees are required to conduct business to the highest ethical and professional standards; comply with applicable laws and regulations, the Advamed Code of Ethics on Interactions with Healthcare Professionals, and company policies.

Coloplast is committed to a policy of Equal Employment Opportunity (EEO) which means we employ and promote individuals based on their merits, regardless of race, color, religion, sex, national origin, age, disability, veteran status, pregnancy, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status, status with regards to public assistance or any other protected classification.

Coloplast Group - Holtedam 1 - Humlebaek - DK 3050 - Denmark