Associate Pricing Analyst
Inspire Medical Systems · Minneapolis, MN ·
- Employment
- Contract
- Experience
- 1+ years
- Company size
- 501-1000
- Salary
- USD 75,000 – 85,000 / year
Analyzes pricing and rebate programs for a medical-device company, using Excel and cross-functional collaboration to optimize revenue and contracting strategies.
ABOUT INSPIRE MEDICAL SYSTEMS
Inspire is the first of its kind medical device designed to make a difference in the lives of those living with Obstructive Sleep Apnea (OSA). We are revolutionizing the sleep industry with our FDA-approved medical device, designed to reduce OSA severity for those who cannot tolerate or get consistent benefit from CPAP. Inspire Medical Systems is committed to enhancing patients’ lives through sleep innovation. We are steadfast in our commitment to prioritize patient outcomes, act with integrity and lead with respect. With positive persistence at our core, we are committed to all those we serve.
WHY JOIN OUR FAST-GROWING TEAM
At Inspire, we value people – your diverse experiences, backgrounds, and thoughts. We elevate voices and encourage learning opportunities to build a professional network that grows into community. We embrace a people-first culture by offering excellent benefits, 401k matching, ESPP, flexible time off (FTO), and tuition reimbursement.
If you’re passionate about making a difference in people’s lives and want to work with innovative technology, come be a part of our great team!
POSITION SUMMARY
This role as an Associate Pricing Analyst supports revenue and profit optimization by assisting in the development of pricing strategies, analyzing market conditions, and supporting pricing and contracting operations. As a member of the Pricing & Contracting Team, you will contribute to improving pricing strategies and the pricing & contracting process. You will collaborate with various functional areas, including sales, finance, marketing, and operations, to assist in managing the company's pricing and contract capabilities.
MAIN DUTIES/RESPONSIBILITIES
Rebate Program Support
- Manage rebate program operations:
- Calculating rebate eligibility, validating customer compliance with program requirements, and ensuring accurate and timely rebate payments.
- Analyze program performance and customer participation trends:
- Providing data-driven insights and recommendations to optimize rebate effectiveness, financial outcomes, and customer adoption.
- Partner cross-functionally with Sales, Finance, Contracting, and Customer Service:
- Implement rebate programs, resolve customer inquiries, maintain program documentation, and ensure compliance with company policies and contractual obligations.
Pricing Support
- Pricing Strategy Support:
- Assist in analyzing market data to identify opportunities for pricing optimization.
- Help evaluate existing pricing strategies and provide suggestions for improvements.
- Program Support:
- Support the implementation of pricing programs and assist with their ongoing management.
- Help with the development and maintenance of tools, systems, and processes for pricing and contracting.
- Price / Contract Reporting:
- Support the preparation of reports on pricing trends, market insights, and price drivers.
- Assist in the analysis of key performance indicators (KPIs) for pricing programs.
- Provide support on contracting analytics
- Price Execution & Management:
- Assist in the creation and training of sales teams on pricing guidelines
- Help enforce governance policies and assist in managing pricing & contracting tools and systems.
QUALIFICATIONS
Educational Requirements:
- Bachelor’s degree required.
Required Experience:
- 1-3 years of relevant experience or strong academic background in pricing models, business analytics, or economics (medical device or healthcare industry experience a plus).
- Excellent proficiency in Excel and PowerPoint.
- Project management skills
Preferred Experience:
- Strong analytical and problem-solving skills.
- Experience with market research and competitive analysis.
- Basic understanding of pricing strategies and market dynamics.
- Strong communication and teamwork skills.
- Comfort working in a collaborative, cross-functional environment.
#LI-Onsite
The salary for this position will be offered at a level consistent with the experience and qualifications of the candidate. This information reflects the anticipated salary range for this position at the time of posting. The salary range may be modified in the future and actual compensation may vary from the posting based on various factors such as geographic location, work experience, education and/or skill level.
BENEFITS AND OTHER COMPENSATION
Inspire offers a highly competitive benefits package including (general description of the benefits and other compensation offered):
- Multiple health insurance plan options.
- Employer contributions to Health Savings Account.
- Dental, Vision, Life and Disability benefits.
- 401k plan + employer match.
- Identity Protection.
- Flexible time off.
- Tuition Reimbursement.
- Employee Assistance program.
- All employees have the opportunity to participate in the ownership and success of Inspire. Employees at all levels can participate through equity awards and the Employee Stock Purchase Program.
Inspire Medical Systems provides equal employment opportunity (EEO) to all employees and applicants without regard to race, color, religion, creed, sex, national origin, age, disability, marital status, familial status, sexual orientation, status regarding public assistance, membership or activity in a local commission, military or veteran status, genetic information, pregnancy or childbirth, or any other status protected by applicable federal, state, and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training, and social and recreational programs. Inspire Medical Systems complies with applicable laws governing non-discrimination in employment in every location in which Inspire Medical Systems has facilities. All such employment decisions will be made without unlawfully discriminating on any prohibited basis.
Inspire Medical Systems is an equal opportunity employer with recruitment efforts focused on ensuring a diverse workforce. Applicants with a disability that need accommodation to complete the Inspire Medical Systems application process should contact Human Resources at 844-672-4357 or email careers@inspiresleep(dot)com
Inspire Medical Systems participates in E-Verify.