Quantitative Pricing Analyst

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the LifeAs a Quantitative Pricing Analyst, you will significantly contribute to the adoption of AI functionalities, bringing technical expertise and its application to pricing dynamics. You will be at the center of the implementation and maintenance of our Vendavo Deal Price Optimization (DPO) module, a key component of our evolving pricing strategy.

This position requires excellent analytical skills, a deep understanding of pricing strategies, and the ability to translate business concepts into technical requirements.
For this role, you are required to work from Prague office 2 days a week, the rest is work from home. Medtronic does not cover the cost of relocation to Prague, Czech Republic.

Responsibilities may include the following and other duties may be assigned:

• Configuring and calibrating the DPO module by analyzing historical sales data, market trends, and customer behaviour, ensuring that pricing models align with our business objectives
• Supporting the sales and quoting processes by fine-tuning the module’s outcomes and providing detailed explanations of pricing recommendations
• Monitoring performance metrics such as deal margins, win rates, and pricing guidance adoption, making the necessary adjustments to improve accuracy and effectiveness
• Ensuring data integrity and identifying performance opportunities 
• Reporting on the DPO module’s adoption, performance, and compliance with pricing governance
• Working closely with stakeholders to understand market dynamics and business strategies and to translate them into model refinements, continuously optimizing the system

Required Knowledge and Experience:

• Team player with curiosity, proactivity, and passion for Artificial Intelligence (AI) and data analysis 
• Three + years of experience in an international company in an analytical role
• Fluency in English (written and spoken)
• Proficiency in a data analysis tool, such as Python, Excel, SQL or PowerBI
• Understanding of Pricing strategy and Commercial contracting concepts and processes
• Ability to engage with stakeholders, listen and translate complex concepts
• •Bachelor’s degree

Familiarity with MedTech industry trends and having prior experience in the application of Machine learning to Pricing or sales analytics are nice to haves for this role. 

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. 

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create.  We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
 

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people. 
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here