Contract System Analyst Jobs in Elgin, IL (NOW HIRING)

Senior Contract Analyst

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.

Working at Abbott At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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.
• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with a 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity This position works out of our Abbott Park, IL (Lake Bluff, IL) location in the Abbott Point of Care, Diagnostics Division. We're empowering smarter medical and economic decision-making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott's diagnostics instruments, providing lab results for millions of people.

The Senior Contract Analyst will help develop pricing strategies to meet customers' needs while providing a profit for the organization.

What You'll Work On

• Serve as a subject matter expert in pricing and contract administration, supporting both new and existing product pricing strategies.
• Analyze contract terms, pricing structures, customer utilization, and market data to provide actionable business insights and recommendations.
• Review, validate, and implement pricing requests, customer contracts, renewals, and amendments to ensure accuracy and compliance.
• Monitor contract performance, identify pricing discrepancies or risks, and recommend corrective actions to improve outcomes.
• Partner cross-functionally with Sales, Finance, Marketing, Customer Service, Research, and Contracting teams to support strategic initiatives.
• Develop reports, dashboards, presentations, and analytical tools to inform business decisions and drive pricing effectiveness.
• Maintain knowledge of healthcare contracting, reimbursement environments, IDNs, regulatory requirements, and market access dynamics impacting pricing decisions.
• Lead and support process improvement initiatives, market research, and advanced analytics to enhance pricing strategies, operational efficiency, and profitable growth opportunities.

Required Qualifications

• Associate's degree
• Minimum 4 years experience.

Preferred Qualifications

• Bachelor's degree in Business, Finance, Economics, Healthcare Administration, Data Analytics, or related field.
• 2-5 years of experience in contract administration, pricing, sales operations, healthcare analytics, or related business functions.
• Strong analytical and problem-solving skills.
• Advanced proficiency in Microsoft Excel, including pivot tables, lookups, and data analysis.
• Excellent organizational skills and attention to detail.
• Strong written and verbal communication skills.
• Ability to work independently with limited oversight.
• Ability to manage competing priorities in a fast-paced environment.
• Knowledge of healthcare contracting and reimbursement environments.
• Understanding of IDNs, GPOs, healthcare systems, and provider networks.
• Experience working with pricing systems, CRM platforms, SAP, Salesforce, or similar business systems.
• Experience creating reports and dashboards using Power BI or similar analytical tools.

The base pay for this position is $78,000.00 – $156,000.00. In specific locations, the pay range may vary from the range posted.