Contract Specialist - FSP
WFA Digital Insight
The demand for skilled contract specialists in the life sciences industry has grown significantly, with a 25% increase in job openings over the past year. As companies like Thermo Fisher Scientific continue to innovate and expand their global presence, professionals with expertise in contract law, negotiation, and project management are in high demand. With its strong reputation for supporting top pharmaceutical companies and biotechs, Thermo Fisher Scientific offers a unique opportunity for contract specialists to make a meaningful impact. Before applying, candidates should be aware of the importance of attention to detail, effective communication, and analytical skills in this role.
Job Description
About the Role
The Contract Specialist - FSP position at Thermo Fisher Scientific is a critical role that involves preparing, negotiating, and finalizing contracts with study sites and internal functional teams. As a key member of the global team, you will have the opportunity to work on high-impact projects, collaborating with cross-functional teams to ensure quality, objectivity, and risk analysis in the efficient delivery of contracts. The ideal candidate will have a strong understanding of contract law, excellent analytical and decision-making skills, and the ability to work independently and as part of a team.In this role, you will be responsible for drafting, reviewing, negotiating, and finalizing agreements with study sites, ensuring compliance with local and accepted processes. You will also negotiate within approved parameters, including investigator grant budget negotiation parameters, contractual terms and conditions, and follows established escalation routes. Your ability to establish effective relationships with sites and internal functional teams will be essential to your success in this position.
Thermo Fisher Scientific has a strong track record of supporting the top 50 pharmaceutical companies and over 750 biotechs, spanning 2,700 clinical trials across 100+ countries in the last five years. As a Contract Specialist - FSP, you will be part of a team that is dedicated to making a positive impact in the life sciences industry.
What You Will Do
- Draft, review, negotiate, and finalize agreements with study sites in accordance with local and accepted processes
- Negotiate within approved parameters, including investigator grant budget negotiation parameters, contractual terms and conditions
- Establish effective relationships with sites and internal functional teams
- Ensure quality, objectivity, and risk analysis in the efficient delivery of contracts
- Collaborate with internal Study Startup team, CROs, Clinical Operations teams, and TAU partners to improve overall SB&C metrics and deliver processes
- Apply standards to the SB&C processes across projects
- Leverage leading industry tools and data sources to provide budget and contract feedback aligned with parameters and fair market value guidance
- Recognize and improve potential delays and escalate to appropriate team members
- Track all actions and negotiations to ensure timelines are achieved for studies and sites assigned
- Support resolving escalated issues identified by the site activation sub-team in partnership with the internal Study Startup team
What We Are Looking For
- 2 or more years of experience in clinical research site contracting and budgeting within a pharmaceutical company, CRO, or relevant industry vendor
- Ability to explain data to facilitate decision-making processes and be data-driven
- Knowledge and understanding of clinical study protocols and schedule of assessments
- Understanding of the pharmaceutical industry, including clinical development and the prescription drug distribution process
- Understanding of Clinical Trial Agreements, budgeting, and fair market value principles
- Knowledge of FDA and ICH-GCP guidelines for conducting clinical research
- Good understanding of the principles of contract law, including laws that influence contract language
- Demonstrated ability to apply basic principles of investigator grant negotiation
- Effective communication skills (verbal and written) in English and local language
Nice to Have
- Experience working with automated systems and computerized applications
- Knowledge of PPD SOP & WPDs
- Ability to organize competing priorities logically and review outstanding contractual risk and issues
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a leading life sciences company
- Collaborative and dynamic work environment
- Professional development and growth opportunities
- Flexible working hours and remote work options
- Access to cutting-edge technology and industry tools
- Comprehensive health and wellness programs
How to Stand Out
- Develop a strong understanding of contract law and negotiation principles to stand out in this role
- Highlight your experience working with automated systems and computerized applications to demonstrate your technical skills
- Be prepared to provide examples of your ability to establish effective relationships with sites and internal functional teams
- Show a willingness to learn and adapt to new processes and technologies
- Research the company's values and mission to demonstrate your alignment with their goals and culture
- Prepare to discuss your experience with budgeting and fair market value principles
- Be ready to provide examples of your analytical and decision-making skills
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