At a Glance
- Tasks: Support pricing strategies and analyse market trends to drive commercial success.
- Company: Join ClarusONE, a dynamic joint venture between Walmart and McKesson.
- Benefits: Competitive salary, career growth, and the chance to make a real impact.
- Other info: Collaborative environment with opportunities to work on impactful projects.
- Why this job: Be at the forefront of pricing analytics in the healthcare sector.
- Qualifications: 0-2 years experience in pricing or analytics; strong Excel skills preferred.
The predicted salary is between 56250 - 68750 £ per year.
The Associate Pricing Analyst will support the Pricing & Commercial Operations Lead and act as a central analytical and commercial resource for pricing across the Sourcing organisation.
The role will combine accurate execution of pricing activity with proactive identification, analysis and delivery of pricing opportunities across suppliers, products and sourcing programmes.
The Pricing Analyst will evaluate supplier pricing behaviour, market dynamics, pricing-rule adherence and member economics to identify commercial risks and value opportunities.
The role will develop fact-based supplier negotiation strategies, lead defined pricing discussions within agreed authority levels, and support broader initiatives to strengthen pricing consistency, supplier accountability and commercial outcomes.
The position will also contribute to the continued development of Clarus ONE's pricing framework, analytics capabilities and supplier-management approach, helping ensure that pricing rules remain commercially effective, operationally practical and aligned with member objectives.
What You'll
Do
- Build and maintain effective relationships with suppliers and key stakeholders to support commercial objectives.
- Prepare negotiation strategies through analysis of historical pricing, market intelligence, supplier performance, and commercial benchmarks.
- Conduct detailed pricing, spend, and market analysis to identify cost‑saving opportunities, commercial risks, and value creation initiatives.
- Monitor supplier pricing trends, market dynamics, inflationary pressures, and competitive movements to support sourcing and procurement strategies.
- Develop analytical models and reporting to assess pricing performance, supplier behaviour, and category-level opportunities.
- Own or support cross‑functional pricing projects from problem definition through analysis, recommendation, implementation and benefit tracking.
- Develop regular reporting that distinguishes submitted activity from value influenced or delivered by the pricing function.
- Produce regular reporting on pricing trends, savings delivery, supplier performance, and procurement initiatives.
- Measure and communicate the financial impact of projects, negotiations, and process improvements.
- Develop supplier scorecards and performance metrics to evaluate commercial performance, responsiveness, reliability, and compliance.
- Monitor supplier activity and identify indicators of commercial risk, value leakage, or performance concerns.
Typically, minimum 0-2 years of relevant experience.
May have degree or equivalent.
- Experience in pricing, commercial analytics, strategic sourcing, finance and/or supplier management.
- Demonstrated ability to convert complex datasets into commercial actions and recommendations.
- Experience preparing for or participating in supplier or customer negotiations.
- Experience assessing financial impact, constructing commercial scenarios and tracking realised value.
- Pharmaceutical, healthcare distribution, procurement or generic‑drug market experience preferred.
- Experience delivering analytical or process‑improvement projects across multiple function.
Preferred Skills/Experience
- Strong commercial judgement and ability to recognise value opportunities beyond basic rule compliance.
- Advanced Excel capability and working knowledge of BI, dashboarding or analytical tools.
- Ability to analyse pricing at product, family, supplier and portfolio levels.
- Confident presentation and storytelling skills, with the ability to communicate recommendations to senior stakeholders.
- Effective negotiation, influencing and challenge skills.
- Ability to operate within legal, contractual and confidentiality guardrails when providing supplier pricing guidance.
Existing guidance materials specifically emphasise avoiding disclosure of one supplier's pricing or how guidance was derived.
- Ability to balance member economics, sourcing strategy, supplier relationships, compliance and operational feasibility.
- Strong project management skills, including ownership of milestones, risks, benefits and stakeholder actions.
Clarus ONE Sourcing Services, LLP, provides strategic generic pharmaceutical services for both Walmart Stores, Inc. and Mc Kesson Corporation.
Its' mission is to enable access to affordable medicines, which it has successfully been doing since its inception in 2016.
Clarus ONE is a joint venture between Walmart and Mc Kesson, two of the top 10 biggest corporations in the USA, according to the Fortune 500 list.
They have more than two decades of history working together to improve the quality and lower the cost of pharmaceutical care to patients.
This partnership leverages Mc Kesson's demonstrated strength and expertise in global pharmaceutical sourcing in conjunction with Walmart's strength and commitment to delivering leading health and wellness services to their customers.
Clarus ONE Sourcing Services is headquartered in London and prides itself on its can-do attitude that has ensured millions of Americans pay less when buying generic pharmaceuticals every day.
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Associate Pricing Analyst in City of Westminster employer: McKesson Corporation
At McKesson Corporation, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our commitment to employee growth is evident through comprehensive training programs and mentorship opportunities, ensuring that our team members thrive in their careers. Located in a dynamic industry hub, we offer unique advantages such as networking at industry events and the chance to make a meaningful impact in healthcare sourcing and supplier relations.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Pricing Analyst in City of Westminster
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We think you need these skills to ace Associate Pricing Analyst in City of Westminster
Some tips for your application 🫡
Showcase Your Relevant Experience:When applying for a role in the pharmaceutical industry, it's crucial to highlight any relevant experience you have. Whether that's internships, lab work, or even related coursework, make sure to weave this into your CV and cover letter. We want to see how your background aligns with the role you're applying for at McKesson Corporation!
Emphasise Your Understanding of Regulations:The pharmaceutical industry is heavily regulated, so it's important to indicate your familiarity with industry standards and regulations. In your cover letter, mention any training or certifications you've received that are relevant, or discuss projects where you’ve navigated compliance. This will show McKesson Corporation that you're not just a fit for the job but also a safety-conscious candidate!
Tailor Your CV to Be Result-Driven:Craft your CV to highlight quantifiable achievements, especially if you have previous roles in pharmaceuticals or related fields. Use metrics to demonstrate your impact, such as improved processing times or successful project completions while working on trials. This analytical approach will resonate well with hiring managers at McKesson Corporation!
Convey Your Passion for the Industry:In your cover letter, express why you are passionate about working in the pharmaceutical sector. Whether it’s your desire to contribute to groundbreaking drug research or improve patient outcomes, let it shine through! At McKesson Corporation, we value candidates who are truly enthusiastic about their work—you might just stand out from the crowd.
How to prepare for a job interview at McKesson Corporation
✨Understand the Science
Make sure you brush up on key pharmaceutical concepts and recent developments in the industry. You might get asked some technical questions during the interview at McKesson Corporation that show your grasp of drug development processes or regulatory requirements, so be ready to discuss them clearly.
✨Showcase Relevant Experience
If you have any hands-on experience or internships in a laboratory setting, be sure to highlight these in your responses. Think about the projects you worked on, the methodologies you used, and the impact you made. It's all about telling a story that connects your background to the role you're applying for.
✨Know Their Products
Take some time to familiarise yourself with McKesson Corporation’s product range and recent breakthroughs. Understanding their portfolio not only shows your enthusiasm for the role but also allows you to ask insightful questions that demonstrate your interest in actively contributing to their projects.
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In a full-time pharmaceutical role, understanding the regulatory landscape is crucial. Prepare for situational questions that may test your problem-solving skills concerning compliance and safety standards. You could be asked how you'd handle a hypothetical issue regarding a drug’s market release, so think through your approach.
