Sr. Financial Analyst, Clinical Franchise Pricing (Hybrid)
The Pricing Strategy team has an opportunity available for a Senior Financial Analyst at our corporate headquarters in Secaucus, NJ. Pricing Strategy is a Center of Expertise within the Finance function.
The Senior Financial Analyst on the Pricing Strategy team plays a cross-functional role in developing, implementing, and managing a portfolio of key Strategic Pricing initiatives. These include Pricing Strategy, Clinical Solutions pricing, and Value Quantification. Key responsibilities include:
- Develop and implement pricing strategies based on thorough analysis of product offerings, market dynamics, and financial data. Strategies are built in collaboration with Clinical Solutions, Commercial, Compliance and other internal stakeholders.
- Design and generate analytic tools and dashboards to help the team and business partners efficiently process and interpret pricing data.
- Partner with Clinical Solutions Product Managers to create Value Quantification models that inform strategic pricing negotiations.
- Deliver fact-based recommendations to optimize revenue through pricing model enhancements.
Our Clinical Solutions 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 Solutions Product Managers, Finance, Operations, Compliance and Legal to develop value-based pricing recommendations for product launches and strategic repricing.
Pricing recommendations are data-driven. The Senior Financial Analyst 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 company. The Senior Financial Analyst will lead and/or partner on cross functional projects that support revenue growth, risk mitigation and/or operational excellence.
- Minimum of 4-7 years with a mix of pricing, operations, finance, marketing, or sales analysis work experience with strong quantitative capabilities
- BA/BS or higher in Finance, Economics or related field
- Proven critical thinking and problem-solving skills, with the ability to overcome ambiguity to develop accurate, detailed solutions
- Strong data manipulation and modeling skillsets using Excel (e.g. macros, pivot tables)
- Advanced experience with data analysis tools (e.g. Access, SQL and/or Python), dashboarding (e.g. Tableau, Power BI), and financial modeling/analysis
- 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
While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies.Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.
Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets or any other legally protected status.
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Quest Diagnostics is an equal employment opportunity employer. Our policy is to recruit, hire and promote qualified individuals without regard to race, color, religion, sex, age, national origin, disability, veteran status, sexual orientation, gender identity, or any any other legally protected status . Quest Diagnostics observes minimum age requirements established by federal, state and/or local laws, and will ask an applicant for verification when deemed necessary.
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