Contract Analyst
Virtual Location Coon Rapids, MN 55448 US
Job Description
HM's Top Needs
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Strong Communication Skills
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Ability to think critically in a matrixed environment
- Dual familiarity with legal terms/conditions and budget/finance basics.
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Education Required: Bachelor’s degree with a minimum of 4 years working with contracts and/or contract negotiation experience or advanced degree (e.g. JD, Masters) with a minimum of 2 years working with contracts and/or contract negotiation experience
Juris Doctorate (JD) a plus
Bi-lingual a plus (Spanish, French, Italian, Other)
See “Nice to Have” in description.
Years’ Experience Required: See above
Typically, an individual contributor with responsibility in a professional discipline or specialty. Delivers and/or manages deliverables assigned and works with other stakeholders to achieve desired results. May own a project and collaborate closely to make decisions with colleagues or may direct the work of other lower-level professionals. The majority of time is spent delivering and overseeing the individual deliverables assigned – from drafting to execution - while and adhering to policies, using specialized knowledge and skills normally acquired through advanced education. It may include leading smaller projects in support of Contracts from design stage of the project to implementation.
Responsibilities may include the following and other duties may be assigned.
- · Using customer service skills such as clear and persuasive communication skills, time management skills, adaptability, patience, effective listening.
- · Analysis of Fair Market Value (FMV) supporting budget development, negotiation, and documentation.
- · Liaising with clinical teams, legal, reimbursement, and other functional groups on clinical agreements and informed consents as appropriate.
- · Conducting outsourcing proposal preparation and analysis, contract drafting, development, and negotiation, contract administration, and supplier contact activities to provide for proper outsourcing contract execution and fulfillment.
- · Tracking progress of contract activities, providing status updates to internal and external parties, compiling and analyzing contract data, and maintaining historical contract information.
- · Thorough understanding and solid application of clinical trial industry practices, including thorough understanding of clinical trial agreements and budgeting process and/or vendor and consulting agreements and processes.
- · Manages moderately complex contract negotiations with guidance from senior-level professionals. Escalates negotiations from email to telephone and to higher methods in an effort to effectively progress contract negotiations while managing cycle times. Involves other internal parties in negotiations as needed, including manager.
- · Uses sound critical thinking skills to review contract redlines for understanding and intent. Makes recommendations regarding how to proceed and secures additional input from legal, manager, and/or clinical team as needed before responding to other party(ies).
- · May serve as a project leader for smaller, new or existing studies (with manager and senior-level professional review/input).
- · Frequently interacts and communicates with internal customer/client, including senior management, and external other party.
- · Administers, extends, negotiates, and terminates standard and nonstandard contracts.
- · Examines estimates of material, equipment services, production costs, performance requirements, and delivery schedules to ensure accuracy and completeness.
Nice to Have
- · Experience supporting clinical research or similar experience in a medical/scientific area
- · Good Clinical Practices (GCP) background
- · Clinical and/or vendor agreement and management experience
- · Experience working in a matrix environment with proven cross-functional experience.
- · Previous experience in customer-facing role
- · Project Management experience
- · Experience with Microsoft Office (e.g. Word, Excel, PowerPoint)
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