Senior Specialist Pricing

Abbott; Lake Forest (IL); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Health coverage

Tuition reimbursement

Education benefit

Retirement plan

Job summary

Abbott in Lake Forest, IL seeks a Senior Specialist, Pricing to lead contract lifecycle management and pricing actions across products and customer agreements. The role collaborates with Sales, Finance, and Training teams to implement terms, ensure compliance, and optimize commercial outcomes.

The position requires a 4-year degree in Business/Finance and 2+ years in contract management, with strong Excel skills and clear communication for cross-functional work.

Qualifications

• 4-year degree in Business or Finance.
• 2 years' experience in Contract Management or comparable role.
• Strong analytical skills with proficient working knowledge of Excel.
• Effective communication skills to drive cross-functional collaboration.

Responsibilities

• Lead contract lifecycle management activities including pricing and contracts.
• Coordinate with Commercial Sales, Finance and Training teams to implement terms.
• Ensure pricing integrity and compliance across contracts.
• Maintain and reconcile pricing data and rebates.
• Collaborate with cross-functional teams to optimize contract execution.

Skills

Analytical skills

Excel proficiency

Communication

Contract management

Education

Bachelor's degree in Business/Finance

Tools

Model N

CMS Next

Symphony

Job description

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.

JOB DESCRIPTION:

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:

Career development with an international company where you can grow the career you dream of.

Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.

An excellent retirement savings plan with high employer contribution.

Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.

A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.

A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

Our diagnostic solutions are used in hospitals, laboratories, and clinics around the globe. The crucial information derived from our tests, instruments and informatics systems are often the first step in patient care decision making for hundreds of health conditions from heart attacks to blood disorders to infectious diseases and cancers.

Our location in Lake Forest, IL currently has an opportunity for a Senior Specialist, Pricing. In this role, you will lead the execution of contract lifecycle management activities, including Abbott- and customer-initiated amendments related to product and pricing adjustments, contracted price actions, customer commitment compliance, tracking and reconciliation, shipping discount programs, end-of-term contract management, contract-related value-added services, rebate processing, and other pricing and contract administration functions.

As a subject matter expert, you will serve as the primary resource for contract- and pricing-related inquiries, providing guidance, ensuring compliance with contractual obligations, and driving operational excellence across the contract lifecycle. You will collaborate cross-functionally with internal stakeholders and customers to support accurate contract execution, optimize processes, and deliver exceptional service.

What You’ll Work On

Drive the contract lifecycle management activities including:

Pre-Signature Contract Activities including the Create customized contract exhibits from Proposal: Price Exhibits; Contract Membership; Disclosure; Insurance Certificates; and other requirements of the contract.

Coordinate Contracting and Pricing (C&P) Post-Contact Signature Implementation cross-functional meeting - to gain clarity from the Commercial Sales Managers and determine feasibility of customized terms to implement.

Execute contract management activities to include but are not limited to: Value Add(s) related to Agreement: Track total value / amount remaining of value adds, Process ACR and Symphony/ SAP based payments.

Rebate Process: Load, track and coordinate rebate process with Customer/USO Finance.

Ensure proper shipping of Equipment with Order Support including temporarily placed instruments used while automation track is installed, UPS and 3rd party water and filtration systems.

Translate contracted pricing & terms to C&P Reagent Contract Administration Specialist (RCAS) and Service Contract Administration Specialist (SCAS) to ensure accurate understanding of contract intent for the loading of each into contracting system over the contracted term.

Coordinate compilation and distribution of new contract start up ‘Welcome Package’ to each customer; and oversee equipment service contract implementation by SCAS & coordination with Field Service organization.

On-going contract management activities for contracts including Blood Bank, GPO and Enterprise Account – which include Price Increases (coordinate with customer, Field Sales, Strategic Pricing); Contract Amendments to adjust products, prices or other contract terms and conditions; Consult with Strategic Pricing Managers as needed on pricing questions; and create amendment documents for signature.

Manage End-of-Term contract activities: evergreen, expiration, and/or termination fees and wind-down activities; and Contract Compliance Contact Point: Manage notifications; coordinate with Business Mgr. and Field Sales related to outcomes.

Other temporary or permanent duties may be assigned to the role as deemed necessary to meet current business needs.

Accountability/Scope:

Reports to Manager of Contract & Pricing

Collaborates with Commercial Sales Team, Managing Director, Strategic Pricing, Finance, Commercial Excellence, Contract & Pricing and Training.

Routinely interacts with customers and Abbott sales team to clearly represent contract and associated operation parameters.

Key operating systems including Model N, CMS Next, Symphony and other Global IT Systems; and Finance Service reconciliations.

Accountable for pricing and contract integrity.

Required Qualifications

4-yr degree in Business, or Finance discipline bachelor’s degree or related required.

2 years' experience in a Contract Management Representative position or comparable experience.

Strong analytical skills with proficient working knowledge of excel.

Critical thinkers with effective communication skills to drive cross functional collaboration.

Preferred Qualifications

• Minimum 2-4 years’ experience in at least one of the following areas is preferred: Contracting/Pricing, Customer Service, Sales, Marketing (administration or operations), or Commercial Finance preferably in healthcare-related market.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

In specific locations, the pay range may vary from the range posted.

LOCATION:

United States > Lake Forest : CP01

WORK SHIFT:

Standard

TRAVEL:

Yes, 10 % of the Time

MEDICAL SURVEILLANCE:

Not Applicable

SIGNIFICANT WORK ACTIVITIES:

Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf

Abbott is a global healthcare leader enhancing lives through innovative diagnostics, medical devices, nutrition, and branded generic medicines across more than 160 countries.