Pricing Analyst (Hybrid - open to various locations)

QUEST DIAGNOSTICS INC; Secaucus (NJ); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, dental & vision benefits

Annual incentive plans

401(k) with company match

Paid time off

Career advancement opportunities

Job summary

Quest Diagnostics is seeking a pricing analyst to assist Sales in developing hospital client pricing strategies and executing bid pricing. The role analyzes customer needs, market trends and profitability to propose initial pricing, with additional duties such as test mapping and profitability reviews.

The candidate should have a bachelor’s degree in accounting, finance or marketing, and at least two years of financial analysis experience, plus strong Excel and communication skills.

Qualifications

• Bachelor’s degree in accounting, finance or marketing.
• 2 years of experience in financial analysis, revenue or profitability analysis.
• Proficient in Excel; strong problem solving and analytical skills.
• Ability to manage multiple priorities across multiple customers.
• Excellent communication to convey results at all levels.
• Ability to work independently with minimal supervision.
• Willingness to work additional hours as needed.

Responsibilities

• Support Hospital Business with pricing and profitability analyses to retain profitable customers and win new prospects.
• Collaborate with Sales to develop client-specific pricing strategies.
• Analyze customer segmentation data to develop test-specific pricing proposals.
• Develop P&L for new proposals showing impact and upsell potential.
• Provide pricing and profitability insights to Account Analysts.
• Map client utilization to Quest test codes and perform quality checks.
• Coordinate changes with the billing department to execute pricing proposals.
• Assist Regional Finance Director with ad-hoc pricing analysis.
• Support pricing analyses for Group Purchasing Organizations and National Accounts.
• Contribute to special projects as needed.

Skills

Excel

Analytical ability

Communication skills

Multitasking

Independent work

Education

Bachelor’s Degree in Accounting, Finance or Marketing

Job description

Job Description

Pay Range: $70,000 - $90,000 / year

Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. Successful candidates may be eligible to receive annual performance bonus compensation.

Benefits Information

We are proud to offer best-in-class benefits and programs to support employees and their families in living healthy, happy lives. Our pay and benefit plans have been designed to promote employee health in all respects – physical, financial, and developmental. Depending on whether it is a part‑time or full‑time position, some of the benefits offered may include:

• Day 1 Medical, supplemental health, dental & vision for FT employees who work 30+ hours
• Best-in-class well‑being programs
• Annual, no‑cost health assessment program Blueprint for Wellness
• healthyMINDS mental health program
• Vacation and Health/Flex Time
• 6 Holidays plus 1 'MyDay' off
• FinFit financial coaching and services
• 401(k) pre‑tax and/or Roth IRA with company match up to 5% after 12 months of service
• Employee stock purchase plan
• Life and disability insurance, plus buy‑up option
• Flexible Spending Accounts
• Annual incentive plans
• Matching gifts program
• Education assistance through MyQuest for Education
• Career advancement opportunities
• and so much more!

Locations

This is a Hybrid position (3 x a week in office) and we’re open to the various locations below:

• Chantilly, VA
• Secaucus, NJ
• Lenexa, KS
• West Hills, CA

Job Purpose

The general purpose of this position is to assist Sales with the development of a pricing strategy and execute the bid development process for hospital clients. The individual is responsible for understanding customer needs, identifying the initial Sales pricing strategy, analyzing current market trends and development of proposed pricing. In addition, other operational tasks will be required including: test mapping, review of pricing guidelines, completion of P&L and determining client profitability.

Responsibilities

• Support Hospital Business with pricing and profitability analyses with an emphasis on retaining profitable customers and winning new prospects.
• Work directly with Sales to understand the customer needs to develop a client specific pricing strategy, effectively discuss the strategy with salesto gain support.
• Analyze customer segmentation data using pricing tools to develop test specific pricing proposals. Ensure proposed pricing meets established corporate guidelines.
• Develop P&L for new proposal showing impact to current business and upsell potential for review and approval of management.
• Develop and provide sales‑related information to the Account Analysts at the Business Units, indirectly supporting their pricing and profitability efforts.
• Perform test code mapping of client utilization to Quest test codes, Affiliate lab test codes and competitors. Perform quality checks on mapping of high volume test.
• Execute accepted pricing proposal by completing support activities by coordinating changes with the billing department.
• Support the Regional Finance Director or Pricing Director with ad‑hoc pricing analysis and administrative activities relating to the Hospital Business.
• Support the Hospital Business with pricing analysis regarding Group Purchasing Organizations, Managed Care Accounts, and other National Accounts as needed.
• Provide analytical support for special projects or other assignments as needed.

Qualifications

• Bachelor’s Degree in Accounting, Finance or Marketing
• 2 years of experience in financial analysis, revenue or profitability analysis
• Proficient in Excel, problem solving skills, analytical ability, planning and organization skills
• Demonstrated ability to manage multiple priorities for multiple customers while exhibiting flexibility and teamwork
• Exceptional communication skills to convey the quantitative results of at all levels
• Ability to work independently with minimal supervision
• Ability to work additional hours to meet customer expectations as needed

Additional Information

Quest Diagnostics honors our service members and encourages veterans to apply.

While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies. Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.

Equal Opportunity Employer

Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets or any other legally protected status.