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Become A Senior Contract Analyst

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Working As A Senior Contract Analyst

  • $81,000

    Average Salary

What Does A Senior Contract Analyst Do At Novartis Pharmaceuticals

* Initiate all contracts within the Federal segment (VA, DoD, FSS, PHS 340B, and Puerto Rico).
* Assist with the creation, update, and submission of forecast for sales and revenue deductions for Federal segment throughout the year.
* Generate monthly/quarterly utilization, % of business, and pricing trends in support of product forecasts.
* Prepare and present variance analysis and commentary to Senior Management.
* Function as an integral part of a team for projects (system upgrades), financial analysis, pricing analysis and contracting strategies.
* Understand proficiently the functionality of TM1 and the interconnectivity to other systems (Model N, Government Pricing, etc.).
* Liaison directly with the Veterans Administration and Department of Defense for all contract modifications.
* Ensure timely execution of all components of contract administration.
* Gather documentation to support periodic internal and external audits.
* Present evidence during audit and assure compliance.
* Maintain and adhere to all SOP’s and SOX documentation.
* Perform ad hoc analysis and reporting as needed.
* EEO Statement
* The Novartis Group of Companies are Equal Opportunity Employers and take pride in maintaining a diverse environment.
* We do not discriminate in recruitment, hiring, training, promotion or any other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, marital or veteran status, disability, or any other legally protected status

What Does A Senior Contract Analyst Do At The Judge Group

* Drafts, reviews and/or approves documents for protection of the company's contractual posture and adherence to company policy
* Often must lead a cooperative effort among members of a project team.
* Advises management of contractual rights and obligations and provides interpretation of terms and conditions.
* Receives assignments in the form of objectives and determines how to prioritize or utilize resources to meet schedules and goals.
* Works on issues of diverse scope where analysis of situation or data requires evaluation of a variety of factors, including an understanding of current business trends

What Does A Senior Contract Analyst Do At Abbvie

* Responsibilities will include, but are not limited to:
* Supporting the process within Acute Care franchise contracting, customer service, vaporizer inventory and accounts receivable to ensure the contracting processes are working as expected.
* Maintaining procedural documentation as required by changes in internal policies and business practices.
* Auditing (SOXing) contracts that are input into the contracting system (Model N) by Therapeutic Analysts.
* Utilizing multiple financial and reporting systems to consolidate information from multiple sources for creation of basic and ad hoc reports.
* Researching data issues using multiple systems and initiating process improvements.
* Developing analyses of selected markets/contracts/strategies as appropriate, identifying opportunities to improve sales and/or margin.
* Implementing executed contracts into contracting system (Model N).
* Process rebates timely and accurately in accordance with contract terms.
* Conduct research on unusual trends then provide analysis to management.
* Support franchise S&OP objectives by producing forecasting models, when applicable.
* Position Accountability/Scope:
* The incumbent is responsible for analyzing reports to ensure all aspects of the operational team are running as effectively as possible.
* This role is also responsible for supporting the institutional contract pricing group with contracting efforts, ensuring timely and accurate contract implementation.
* The incumbent is expected to operate independently to accomplish the goals and responsibilities of the position

What Does A Senior Contract Analyst Do At HCA

* Assist in the design, development and implementation of advanced adhoc reports
* Assist in identifying and documenting reporting requirements
* Based on data sources identified, extract and manipulate data from databases
* Assist with performing acceptance and QA testing as applicable
* Model more advanced managed care contracts through the Alliance for Decision Support system (ADS)
* Understand and analyze CDM price increases to determine the effect on contract modeling, negotiations, and net revenue projections
* Organize and analyzes results data providing summary of findings Consulting FA, and Manager.
* Provide information related to how price changes related both CDM and rates could impact net revenue
* As requested works with Consulting FA in completing retrospective review of contracts to analyze negotiated rate of reimbursement compared to actual net revenue results with variance explanation
* Uses data mining tools to assist customers effectively with data requests
* Resolve issues resulting from the monthly data load audits of the End of Month data within the Enterprise Data Warehouse (EDW) and the Managed Care/DSS Business Objects Universe.
* Work with IT&S on enhancements to the database and universe
* Assist Financial Analyst I&II in production of training and education for outside users
* Participate in departmental training and professional development opportunities when available
* Adds value to APS by producing accurate results, working efficiently, and continuing to grow in the position
* Other duties as assigned

What Does A Senior Contract Analyst Do At L.A. Care Health Plan

* The Senior Payer Contracts Analyst supports payer contract negotiations by providing accurate and timely pre and post contract negotiation analysis including but not limited to model base / current contract performance; work with contract negotiator to develop negotiation rate scenarios; prepare what-if analysis; review final rate sheet; perform post contract performance analysis and other support of the Manager of Payer Analytics & Strategy.
* Providers are defined as entities/persons providing health care services including hospitals, physician groups and ancillary providers.
* Presents provider contract analysis to internal and external departments who maybe not familiar with contractual / financial terms.
* Based on the analysis, the position recommends reimbursement strategies including methodology and/or rate structure and/or rate range, etc.
* The Senior Payer Contracts Analyst is responsible for Key Performance Indicator Reports (KPIs) for contracts (i.e. top 10 volume, expense).
* Closely work with Provider Engagement to identify overpayments.
* Interfaces and serves as liaison with multiple internal and external departments.
* Must have strong analytical and problem-solving skills, strong oral and written communication skills and excellent database/modeling skills.
* The candidate must have a Bachelors degree with knowledge of provider contracting analysis / modeling and a minimum of 4
* years relevant health care experience

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Senior Contract Analyst Career Paths

Senior Contract Analyst
Contracts Manager Project Manager Vice President
Vice President And Manager
10 Yearsyrs
Contracts Manager Project Manager
Contract Project Manager
10 Yearsyrs
Contracts Manager Project Manager Purchasing Manager
Supply Chain Manager
10 Yearsyrs
Contracts Manager
9 Yearsyrs
Senior Analyst Manager Controller
Finance Vice President
10 Yearsyrs
Senior Analyst Manager Finance Manager
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Analyst Manager Program Manager
Operations Program Manager
9 Yearsyrs
Purchasing Manager Operations Manager Director
Director Of Strategy
11 Yearsyrs
Purchasing Manager General Manager Director
Director Of Quality
14 Yearsyrs
Senior Contract Administrator/Contract Administrator
Subcontracts Manager
11 Yearsyrs
Senior Contract Administrator/Contract Administrator Contracts Director Operations Director
Assistant Vice President Operations
8 Yearsyrs
Senior Contract Administrator/Contract Administrator Program Manager Operations Director
Director Of Business Operations
10 Yearsyrs
Senior Consultant Operations Manager Business Manager
Business Operations Manager
8 Yearsyrs
Senior Consultant Supervisor Production Manager
Processing Manager
7 Yearsyrs
Senior Consultant Program Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Senior Business Analyst Supervisor Unit Manager
Risk Manager
8 Yearsyrs
Senior Business Analyst Assistant Vice President Finance Director
Contracts Director
12 Yearsyrs
Senior Business Analyst Supervisor Maintenance Manager
Special Projects Manager
7 Yearsyrs
Team Leader Assistant Store Manager Planning Manager
Manager, Strategy
8 Yearsyrs
Office Manager Finance Manager Manager Finance Planning And Analysis
Pricing Manager
7 Yearsyrs
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Do you work as a Senior Contract Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Staff Analyst 3.8 years
Principal Analyst 3.4 years
Senior Analyst 3.3 years
Control Analyst 3.0 years
Management Analyst 3.0 years
Analyst Lead 2.9 years
Lead Contractor 2.8 years
Analyst 2.4 years
Contract Analyst 2.4 years
Top Careers Before Senior Contract Analyst
Analyst 6.2%
Buyer 4.1%
Consultant 3.3%
Accountant 3.1%
Manager 2.8%
Top Careers After Senior Contract Analyst
Consultant 6.1%
Manager 4.0%
Director 2.5%

Do you work as a Senior Contract Analyst?

Senior Contract Analyst Demographics

Gender

Female

55.3%

Male

36.6%

Unknown

8.2%
Ethnicity

White

59.8%

Hispanic or Latino

16.1%

Black or African American

12.2%

Asian

8.2%

Unknown

3.7%
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Foreign Languages Spoken

Spanish

39.5%

French

14.0%

Portuguese

7.0%

Chinese

4.7%

German

4.7%

Arabic

4.7%

Cantonese

4.7%

Finnish

2.3%

Vietnamese

2.3%

Romanian

2.3%

Somali

2.3%

Japanese

2.3%

Mandarin

2.3%

Polish

2.3%

Korean

2.3%

Italian

2.3%
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Senior Contract Analyst Education

Schools

University of Phoenix

22.4%

University of Houston

8.7%

Villanova University

6.2%

Pennsylvania State University

5.6%

Strayer University

5.0%

Bellevue University

4.3%

Capella University

4.3%

Fairleigh Dickinson University

3.7%

San Diego State University

3.7%

University of Texas at Austin

3.7%

American InterContinental University

3.7%

American University

3.7%

George Washington University

3.1%

University of Maryland - University College

3.1%

Temple University

3.1%

Webster University

3.1%

University of Maryland - College Park

3.1%

George Mason University

3.1%

Loyola University of Chicago

3.1%

Northeastern University

3.1%
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Majors

Business

38.3%

Law

8.0%

Accounting

7.7%

Finance

7.1%

Management

6.1%

Legal Support Services

3.3%

Psychology

3.3%

Political Science

3.3%

Marketing

3.1%

Communication

2.4%

Criminal Justice

2.3%

Health Care Administration

2.3%

Legal Research And Advanced Professional Studies

2.1%

Project Management

1.9%

Education

1.7%

Nursing

1.6%

Sociology

1.6%

Economics

1.3%

Public Administration

1.3%

Computer Science

1.2%
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Degrees

Bachelors

39.3%

Masters

29.2%

Other

12.6%

Doctorate

7.3%

Certificate

6.0%

Associate

5.2%

Diploma

0.4%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$81,000
View Detailed Salary Report
$59,000
Min 10%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$111,000
Max 90%
Best Paying Company
Qualis
Highest Paying City
Foster City, CA
Highest Paying State
Alaska
Avg Experience Level
3.3 years
How much does a Senior Contract Analyst make at top companies?
The national average salary for a Senior Contract Analyst in the United States is $81,496 per year or $39 per hour. Those in the bottom 10 percent make under $59,000 a year, and the top 10 percent make over $111,000.

Real Senior Contract Analyst Salaries

Job Title Company Location Start Date Salary
Senior Contracts Analyst Transcanada USA Services Inc. Houston, TX Dec 14, 2010 $87,660
Senior Analyst, Contract Finance Partners Healthcare MA Aug 10, 2015 $85,000
Senior Contract Analyst Inertial Labs Inc. VA Apr 11, 2015 $80,496
Senior Contract and Payer Analyst Partners Healthcare Boston, MA Apr 13, 2011 $77,450
Senior Contract Analyst New York University School of Medicine New York, NY Mar 19, 2011 $77,000
Senior Contract Analyst New York University Hospitals Center New York, NY Mar 19, 2011 $77,000
Senior Contract Analyst New York University Hospitals Center New York, NY Jul 01, 2013 $74,880
Senior Contracts Analyst Beth Israel Deaconess Medical Center, Inc. Westwood, MA Jan 23, 2012 $72,509

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Top Skills for A Senior Contract Analyst

  1. Ensure Compliance
  2. Contract Negotiations
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Prepared corrective actions to ensure compliance of insurance contracts in response to state regulatory inquiries/objections, and investigations.
  • Communicated needed changes during vendor-legal contract negotiations to ensure satisfaction of facilities' required terms/verbiage.
  • Obtain the appropriate collection and examination of financial statements and documents to assist in identifying unusual transaction patterns.
  • Maintained knowledge of all laws and regulations applicable to insurance law and advised company personnel of any changes affecting company procedures.
  • Administered software development subcontracts from initial RFP to contract closeout for software development group.

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Top 10 Best States for Senior Contract Analysts

  1. District of Columbia
  2. Virginia
  3. Maryland
  4. Alabama
  5. Massachusetts
  6. Delaware
  7. Rhode Island
  8. Texas
  9. Pennsylvania
  10. Connecticut
  • (258 jobs)
  • (902 jobs)
  • (384 jobs)
  • (134 jobs)
  • (353 jobs)
  • (47 jobs)
  • (31 jobs)
  • (779 jobs)
  • (283 jobs)
  • (201 jobs)

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