Sr. Financial Analyst, Clinical Franchise Pricing in Secaucus, NJ at Quest Diagnostics

Date Posted: 11/3/2022

Job Snapshot

  • Location:
    500 Plaza Drive
    Secaucus, NJ
  • Date Posted:
    11/3/2022
  • Function
    Finance
  • Job Family
    Financial Planning & Analysis
  • Remote
    Hybrid
  • Position Type
    Regular Full-Time
  • Shift
    Day

Job Description

The Pricing Strategy team has an opportunity available for a Senior Financial Analyst (“SFA”) – Clinical Franchise Pricing at our corporate headquarters in Secaucus, NJ.  Pricing Strategy is a Center of Expertise within the Finance function.

The Clinical Franchises are organized into eight disease/health states, including General Health & Wellness, Women’s and Reproductive Health, Oncology, Sports Diagnostics and more.  A primary responsibility is to partner with Clinical Franchise Product Directors, Finance, Operations, Compliance and Legal to develop value-based pricing recommendations for product launches and strategic repricing.

Pricing recommendations are data-driven.  The SFA role leverages internal systems and models to develop financial forecasts that lead to actionable insights in support of business solutions. There are opportunities for both ownership and/or partnership on decisions.

Price adjustments have significant revenue implications based on the multiple payors in the healthcare industry, including Patient, Client, Third Party and Government.  The role requires assessing implications of price adjustments by applying pricing fundamentals, financial rigor, and marketing strategy.

There are large scale opportunities that require participation from stakeholders and business partners across the business.  The SFA will lead/partner on cross functional projects that support revenue growth, risk mitigation and/or operational excellence. 

  • Demonstrated critical thinking and creative problem-solving skills.
  • Strong data manipulation and modeling skillsets using Excel (e.g. macros, pivot tables) at a minimum; Access, SQL and/or Python is a plus.
  • Excellent verbal and written communication skills.
  • Demonstrated ability to take initiative, successfully handle and prioritize multiple competing assignments.
  • Strong sense of personal accountability and the drive to make a difference in results and relationships.