(Senior) Business Intelligence Analyst – Price Forecasting.

  • Full time
  • Prague
  • Posted 2 weeks ago

Careers that Change Lives

Working as part of the Global Pricing Forecasting Center of Excellence (FASP COE) is essential in our role towards our customers & patients and our commitment to Medtronic’s mission to alleviate pain, restore health and extend life. As a Pricing Strategy analyst, you are part of a team that is responsible for forecasting prices that eventually drive the financial planning process and determine where MDT should invest in product innovation.

Your main responsibility is to support the Integrated Business Planning process with ASP forecasts. You will be owning ASP forecasts for dedicated operating units and act as the main contact person for those. You will provide reviewed and validated price forecasts, starting with the analysis of algorithm-generated price forecasts for quality and then leading quarterly price forecasting reviews with the pricing strategists in the businesses and regions. Close collaboration with our business and regional pricing strategists and finance partner is required.

In addition, you will be coordinating and supporting small projects within the Pricing organisation and take full ownership of some process improvement initiatives. Your role includes the definition and driving of process optimisation changes aiming at improving or defining a methodology to achieve high forecast quality.

A Day in the Life

  • Analyse the evolution of actual prices and revise the forecasts considering the outputs from the price forecasting algorithm, the knowledge you develop around the products and regions, and the inputs from regional pricing strategists.
  • Run the reviews with the business and the region pricing strategists.
  • Prepare the materials for the quarterly price forecast review.
  • Answer questions from marketing, finance, and demand planning partners on price forecasts.
  • Consolidate the review results and prepare for the presentation of the forecast changes to get business approval.
  • Adjust the consolidated price forecasts based on approver feedback.
  • Reconcile the forecasted prices against actual prices to determine learnings that need to be reflected in the next quarterly cycle.
  • Review the quarterly process and make recommendations for improvements, including how to improve forecast accuracy and how to make the process more efficient.
  • Identify areas for enhancements to the algorithm and define what better outcomes would look like.
  • Create and deliver training for the business and regional users when tools or process changes are made.
  • Review the quarterly process and make recommendations for improvements, including how to improve forecast accuracy and how to make the process more efficient.
  • Must Haves

  • Bachelor’s degree is required.
  • 3 years of experience in an international company, in analytical, project management, or process improvement roles.
  • Ability to work under tight deadlines without sacrificing quality or accuracy.
  • Problem-solving and decision-making skills.
  • Team player with curiosity, proactivity, and passion for data analysis.
  • Good level of understanding of Finance practice and associated business processes.
  • Excellent PC skills especially Excel, Teams & PowerPoint.
  • Fluent English (written and spoken).
  • Nice to Haves

  • Experience in coordination of new processes and tools setup
  • Interest in business modeling and predictive analytics
  • Previous experience in Pricing roles, Finance Planning, Demand Planning, or Commercial Excellence
  • Knowledge of Pricing related tools such as Salesforce.com, SAP, and Vendavo.
  • We Offer

    Alongside a competitive salary, Medtronic also offers clear routes to progression, a great work environment, and benefits that include:

  • 25 holiday days.
  • Meal vouchers.
  • 4 sick days.
  • Competitive amount of MyBenefits points.
  • Supplementary pension insurance.
  • Group life insurance.
  • About Medtronic
    Bold thinking. Bolder actions. We are Medtronic.

    We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day.

    When joining Medtronic, you’ll become part of a company that is recognised as a Top Employer for 2022 in multiple countries throughout Europe. Every day we strive to engineer the extraordinary all the while delivering excellent employee experiences and practices benefitting you and your career. .

    Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world.

    In everything we do, we are engineering the extraordinary.

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