Strategic Pricing Manager US

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.About AbbottAbbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.Working at AbbottAt 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.Free medical coverage for employees* via the Health Investment Plan (HIP) PPOAn excellent retirement savings plan with high employer contributionTuition 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 This position can be remote.Qualified candidates can currently live in the Chicagoland area.Relocation assistance is not available for this positionTravel up to 20%What You’ll Work OnLead the development and delivery of deal proposals to highlight Abbott’s value proposition. Actively involved in key customer negotiations to drive and implement pricing strategies and targets. Leads strategic pricing processes and tools for the within the Region. Supports commercial strategy execution and drives profit and margin improvement.Core Job Responsibilities:Provide deal-specific support to commercial teams to increase win rates and profitable growth. Advises on deal pricing and contract terms for upcoming dealsUtilizes pricing index tool to provide pricing guidance and maintain price integrity; ensures comparable are current for all critical deals to include competitive and win/loss pricing intelligences to guide future price decision makingLeverages experience with past deals to provide expertise and generates competitive insightsLeads the deal approval process within the Region Commercial Team and with Area Division Vice President (DVP)Lead implementation of strategic pricing tools and processes in alignment with division guidelines to support acquisition opportunities.Enforces compliance of current contracts, including price increases and commitment adherence Identifies opportunities that drive gross margin and economic profitability improvement and engage with appropriate parties for execution.Coordinate with local country resources to ensure new contracts for key customers are executed in alignment with country legal requirements and guidelines.Coordinate and supervise post-signing contract maintenance activities with local country resources: Loading/auditing pricing in local systems, price increases execution, letters to customers, credit memos, adjustments, rebates.Sets new product pricing and pricing schedules annually based on local knowledge in accordance with global requirements.Support Managing Director with Integrated Business Planning (IBP) process and deliverables.Accountability and Scope:Reports to Strategic Pricing Director.Collaborates with Commercial Sales Team, Managing Director, Finance, Commercial Excellence, Contract & Pricing and Training.Customer responsibility spans through multiple geographies (US states).Accountable for pricing integrity and profitability improvement.Required Qualifications:Bachelor’s degree.Minimum 6 years of total business experience supporting commercial (sales/marketing). Pricing, large data or profitability analysis experience preferred.Strong leadership / management skills.Strategic thinker with effective communication skills to drive cross functional collaboration         * Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:  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.Connect with us at , on Facebook at and on Twitter @AbbottNews and @AbbottGlobal.The base pay for this position is $102,700.00 – $205,300.00. In specific locations, the pay range may vary from the range posted.Job SummaryJob number: 31068879Date posted : 2023-10-06Profession: MarketingEmployment type: Full time