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Become A Senior Contract Analyst

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Working As A Senior Contract Analyst

  • $83,798

    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
Manager Property Manager Real Estate Broker
Commercial Director
11 Yearsyrs
Senior Finance Analyst Senior Business Analyst Information Technology Project Manager
Contract Project Manager
10 Yearsyrs
Senior Contract Administrator/Contract Administrator Contracts Manager
Contracts Director
12 Yearsyrs
Senior Finance Analyst Operations Manager Director Of Sales
Director Of Sales And Operations
10 Yearsyrs
Contracts Manager Contracts Administrator Purchasing Manager
Director, Procurement
13 Yearsyrs
Senior Analyst Product Manager National Account Manager
Global Account Manager
9 Yearsyrs
Pricing Manager Senior Manager Operations Vice President
Head Operator
6 Yearsyrs
Compliance Specialist Quality Assurance Consultant Test Manager
Integration Manager
10 Yearsyrs
Compliance Specialist Senior Analyst
Manager, Strategy
8 Yearsyrs
Senior Analyst Senior Finance Analyst
Pricing Manager
7 Yearsyrs
Contracts Administration Manager Contracts Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Contracts Administration Manager Project Manager Business Development Manager
Regional Director Of Business Development
11 Yearsyrs
Pricing Manager Business Development Manager Proposal Manager
Senior Proposal Manager
14 Yearsyrs
Contracts Manager Project Manager Information Technology Project Manager
Service Delivery Manager
11 Yearsyrs
Senior Contract Administrator/Contract Administrator Purchasing Manager Senior Subcontract Administrator
Subcontracts Manager
11 Yearsyrs
Senior Business Analyst Product Manager Purchasing Manager
Supply Chain Consultant
10 Yearsyrs
Senior Business Analyst Senior Product Manager Marketing Vice President
Vice President, Strategy
13 Yearsyrs
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Help others decide if this is a good career for them

Do you work as a Senior Contract Analyst?

Senior Contract Analyst Demographics

Gender

Female

57.4%

Male

39.8%

Unknown

2.7%
Ethnicity

White

60.9%

Hispanic or Latino

15.9%

Black or African American

11.8%

Asian

7.9%

Unknown

3.6%
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Foreign Languages Spoken

Spanish

39.5%

French

15.8%

Portuguese

7.9%

German

5.3%

Cantonese

5.3%

Arabic

5.3%

Finnish

2.6%

Chinese

2.6%

Vietnamese

2.6%

Romanian

2.6%

Japanese

2.6%

Mandarin

2.6%

Korean

2.6%

Italian

2.6%
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Senior Contract Analyst Education

Schools

University of Phoenix

18.9%

Villanova University

7.2%

Pennsylvania State University

6.3%

American InterContinental University

5.4%

George Washington University

4.5%

San Diego State University

4.5%

Loyola University of Chicago

4.5%

University of Houston

4.5%

Strayer University

4.5%

Capella University

4.5%

University of Maryland - University College

3.6%

Temple University

3.6%

West Virginia University

3.6%

George Mason University

3.6%

DePaul University

3.6%

Cleveland State University

3.6%

Central Connecticut State University

3.6%

American University

3.6%

Bellevue University

3.6%

Golden Gate University-San Francisco

2.7%
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Majors

Business

36.7%

Law

8.6%

Finance

8.2%

Management

6.4%

Accounting

6.4%

Legal Support Services

3.9%

Marketing

3.9%

Political Science

3.6%

Psychology

3.2%

Legal Research And Advanced Professional Studies

2.4%

Project Management

2.4%

Communication

2.1%

Criminal Justice

2.1%

Education

1.9%

Health Care Administration

1.7%

Public Health

1.3%

Computer Science

1.3%

Nursing

1.3%

Economics

1.3%

Public Relations

1.3%
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Degrees

Bachelors

36.1%

Masters

29.8%

Other

14.3%

Doctorate

7.9%

Certificate

6.1%

Associate

5.6%

Diploma

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary

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

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  1. Compliance
  2. Contract Negotiations
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Developed/delivered contracting seminars to high-potential managers to increase compliance of SRP's contracting requirements and awareness of Regulatory Affairs & Contracts.
  • Communicated needed changes during vendor-legal contract negotiations to ensure satisfaction of facilities' required terms/verbiage.
  • Maintained knowledge of all laws and regulations applicable to insurance law and advised company personnel of any changes affecting company procedures.
  • Identified proposals to be responsive and responsible to the solicitation and safeguards confidential information.
  • Established, developed, and maintained professional relationships with bank vendors including processors, associations, and internal business partners.

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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
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  • (134 jobs)
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