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 114,000 colleagues serve people in more than 160 countries.
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) PPO
- 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.
For years, Abbott's medical device businesses have offered technologies that are faster, more effective, and less invasive. Whether it's glucose monitoring systems, innovative therapies for treating heart disease, or products that help people with chronic pain or movement disorders, our medical device technologies are designed to help people live their lives better and healthier. Every day, our technologies help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders, and liberate more than 500,000 people with diabetes from routine finger sticks.
Our location in Austin, TX currently has an opportunity for a Rebate Analyst. Working in support of the Medical Devices US Sales Division, the Rebate Analyst will interface with Sales, Management, Accounts Receivable, Accounts Payable, Finance, and Accounting to apply business management principles and financial concepts that maximize the company's performance against sales and profit goals and minimize risk. The ideal candidate must proactively research, analyze, and interpret complex data and work effectively in a high-pressure, high-demand sales support environment.
JOB DUTIES:
- Owns rebate and fee administration from point of full execution to expiration – collaborates with contract authors and sales team, and performs complicated calculations, obtains appropriate approvals, and ensures timely posting and delivery of payment to customers.
- Processes rebates and fees, coordinating with cross-functional groups to ensure customers are paid accurately and on-time. Works within audit guidelines for contract approval and contract creation.
- Builds mathematical models & tools to determine payout amounts and track contract performance.
- Provides formal and informal written and verbal updates to Customers, Sales, Contract Operations Management, Accounting, Finance, Commercial Legal and other cross-functional groups.
- Manages communication and awareness of contractual obligations with all levels of internal and external customers to include sales reps and hospital representatives.
- Serves as a subject matter expert and primary contact for hospitals, hospital systems and group purchasing organizations within assigned geography for their rebate and admin fee related questions.
- Solves complex problems, exercising sound business judgment to make recommendations based on the analysis of multiple sources of information.
- Provides reports and analysis to department and senior management as requested.
- Follows all management approved processes and procedures; alerts management when circumstances require deviation to the approved processes and procedures.
GENERAL QUALIFICATIONS:
- Bachelor's degree in Finance or Business (or work experience equivalent to the knowledge obtained in one of these fields).
- Five years' experience in business, financial, or strategic pricing and contracting is required.
- Knowledge of mathematical modeling and demonstrated ability to quickly identify relevant details while working with large date sets.
- Demonstrated ability to manage multiple projects simultaneously, deal with unresolved issues, and effectively communicate and maintain rapport with all levels of personnel within Abbott Med Device organization.
- Customer-service oriented mind frame and skill sets to support the field sales team, Finance, and Accounting teams and their needs.
- Must be very well-organized, keenly attentive to detail, and proactive to quickly anticipate and prevent, and identify and remedy questions and issues before or when they arise.
- Advanced proficiency in Microsoft products including Excel, Access and Word, as well as experience using Business Objects or similar reporting systems.
- Excellent verbal and written communications skills with attention to detail and ability to work with general supervision.
- Strong analytical, strategic, and problem-solving skills required.
- Must have well-honed sense of urgency and ability to work under pressure. This includes the ability to multitask and manage competing priorities.
PREFFED QUALIFICATIONS:
- Advanced degree in business
- Prior experience with rebate and fee processing
- Previous experience in the medical device industry
- Six Sigma green belt or black belt certification
- Familiarity with SAP
* 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: 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.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.
The base pay for this position is $72,700.00 – $145,300.00. In specific locations, the pay range may vary from the range posted.