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Contracts Management - Outsourcing

Remote, NJ 00000

Posted: 09/08/2023 Employment Type: Contract Job Category: Professional Services Job Number: 581537 Is job remote?: Yes Country: United States

Job Description

This position requires a deep understanding of CRO and CMC vendor agreements, among others, with a primary focus on budgeting and financial aspects. The Outsourcing Consultant will collaborate closely with cross-functional teams to ensure successful vendor partnerships and contribute to the overall efficiency and success of our pharmaceutical projects.

Key Responsibilities:

Financial Analysis and Budget Management:
  • Analyze proposed CRO and CMC vendor budgets to ensure alignment with project requirements and financial guidelines.
  • Evaluate cost structures, resource allocations, and potential cost-saving opportunities within vendor agreements.
  • Collaborate with finance teams to develop accurate budget forecasts and track expenses throughout the project lifecycle.
  • Provide insights on financial implications and risks associated with outsourcing decisions.
Vendor Relationship Management:
  • Develop and maintain strong relationships with CROs and CMCs, serving as a point of contact for financial discussions and negotiations.
  • Engage in regular communication with vendors to discuss budget-related matters, including cost estimates, invoicing, and potential changes in scope.
  • Collaborate with vendor management teams to align expectations and resolve any financial disputes or discrepancies.
Contract Oversight:
  • Collaborate with legal and contract teams to review and validate financial terms within vendor agreements, ensuring alignment with budgetary goals.
  • Provide recommendations for contract improvements related to financial terms and obligations.
  • Support the negotiation process by offering insights on budget constraints and financial feasibility.
Cross-functional Collaboration:
  • Work closely with project managers, clinical development teams, and other internal teams to ensure that vendor agreements are consistent with project timelines and deliverables.
  • Participate in cross-functional meetings to discuss project progress, financial status, and potential adjustments to outsourcing strategies.

  • Bachelor's degree in a relevant field (Business, Finance, Life Sciences, etc.); advanced degree preferred.
  • Several years of experience in pharmaceutical procurement, outsourcing, or vendor management, with a specific focus on CRO and CMC vendor agreements.
  • Strong financial acumen and proficiency in budget analysis, cost estimation, and financial forecasting.
  • In-depth knowledge of the pharmaceutical industry, including regulatory requirements and project lifecycle processes.
  • Excellent communication and negotiation skills, with the ability to build and maintain relationships with external vendors and internal stakeholders.
  • Analytical mindset with the ability to translate complex financial data into actionable insights.
  • Strong problem-solving skills and the ability to navigate through complex outsourcing scenarios.
  • Proficiency in relevant software tools and applications (e.g., Excel, project management software).

Pay Rate Range: 50-80/hr. Salary will be commensurate with experience
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