Contract Administrator

2 weeks ago

Irvine, United States Induce Biologics USA Inc. Full time

Induce Biologics is the Bone Regeneration company. Our methods replicate the body’s native healing capabilities in order to create natural bone regeneration. The Induce Biologics NMP™ (Natural Matrix Proteins) unlocks the potential of naturally occurring growth factors, especially BMPs.


This position supports and oversees contracting operations for all functions within the Customer Operations Department. The hospital/GPO contract administrator provides operational contract management primarily to support the contracting needs for Induce Biologics. This position consults and collaborates with attorneys and business contract owners and is responsible for the timely preparation of drafting, negotiation, and administration of contracts.


Responsibilities

  • Oversee and manage all aspects of contract administration and management.
  • Develop and maintain contract templates, ensuring compliance with company policies and legal requirements.
  • Evaluate contractual terms, mitigate risks, and negotiate on behalf of the company
  • Track and drive contracts to resolution, including identifying remaining contracting issues, identifying appropriate stakeholders to reach decisions, and convening meetings to drive efficient decision-making.
  • Regularly audit and maintain comprehensive contract records to ensure compliance
  • Identify and effectively communicate priorities and urgencies to applicable stakeholders.
  • Review and analyze contracts to identify potential risks and propose mitigation strategies.
  • Monitor contract performance, including tracking key milestones, deliverables, and payments.
  • Resolve any contract disputes or issues that may arise.
  • Serve as an expert in Induce Biologics’ contract management system and processes.
  • Maintain accurate and up-to-date contract records and documentation.


Qualifications

  • Bachelor's degree in Business Administration, Legal Studies, or relevant field
  • Experience in contract management, preferably in a similar industry or organization
  • 5 + years of experience in biotech/pharma drafting and negotiating a wide variety of contracts
  • Must have experience with the healthcare contracting landscape, including knowledge of Group Purchasing Organizations (GPOs), Integrated Delivery Networks (IDNs), or experience within the medical device industry
  • Thorough understanding of contract law, including formation, interpretation, and execution
  • Strong negotiation skills with a focus on achieving favorable terms while nurturing positive relationships and achieving win-win outcomes
  • Strong knowledge of contract law and legal principles
  • Evidence of strong strategic thinking, analytical, planning, and organizational skills.
  • Strong communication skills, both written and verbal, with the ability to effectively communicate complex information to stakeholders at all levels
  • Proficient in using contract management software or tools


Preferred Qualifications

  • Paralegal certificate
  • Experience working with contract management systems platforms.
  • Knowledge and experience with healthcare compliance and ethics guidelines


For California, the base pay range for this position is $65,000 to $85,000 (highly experienced). The pay for the successful candidate will depend on various factors (e.g., qualifications, skills, education, prior experience).

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