Pricing Analyst (Hybrid - open to various locations)

Quest Diagnostics Incorporated; Secaucus (NJ); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Health insurance

401(k) plan with company match

Education assistance

Well-being programs

Job summary

Quest Diagnostics Incorporated in Secaucus, NJ is seeking a pricing Analyst to support hospital business by developing pricing strategies, mapping test codes, and analyzing profitability. This role collaborates with Sales, Finance, and Account Analysts to ensure pricing aligns with corporate guidelines and client needs.

The position is hybrid (3 days in office) with multiple locations, and requires a Bachelor's in Accounting/Finance/Marketing and 2 years of financial analysis experience, strong

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 at all levels.
• Ability to work independently with minimal supervision.
• Ability to work additional hours to meet customer expectations as needed.

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 sales to 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.

Skills

Excel proficiency

Financial analysis

Communication

Multitasking

Teamwork

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!

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

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 sales to 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

Equal Opportunity Employer

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