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Contract Analyst

2 months ago

Minneapolis, United States Three Point Solutions Full time
Job DescriptionJob Description

Job Title: Contract Analyst
Client: Medical Device Manufacturing Company
Duration: 02 years contract
Location: Virtual, Minnesota 55448
Shift: 1st shift

HM's Top Needs:

  1. Strong Communication Skills
  2. Ability to think critically in a matrixed environment
  3. Dual familiarity with legal terms/conditions and budget/finance basics

Overview:
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 adhering to policies, using specialized knowledge and skills normally acquired through advanced education. May include leading smaller projects in support of Contracts from the design stage of the project to implementation.

Responsibilities:

  • Utilize customer service skills: clear and persuasive communication, time management, adaptability, patience, effective listening.
  • Analyze Fair Market Value (FMV) for budget development, negotiation, and documentation.
  • Liaise with clinical teams, legal, reimbursement, and other functional groups on clinical agreements and informed consents as appropriate.
  • Prepare and analyze outsourcing proposals, contract drafting, negotiation, contract administration, and supplier contact activities to ensure proper outsourcing contract execution and fulfillment.
  • Track progress of contract activities, provide status updates to internal/external parties, compile/analyze contract data, and maintain historical contract information.
  • Understand and apply clinical trial industry practices, including clinical trial agreements, budgeting processes, and/or vendor/consulting agreements.
  • Manage moderately complex contract negotiations with guidance from senior-level professionals. Escalate negotiations from email to telephone and higher methods to effectively progress contract negotiations while managing cycle times. Involve other internal parties in negotiations as needed, including the manager.
  • Use critical thinking skills to review contract redlines for understanding and intent. Make recommendations regarding how to proceed and secure additional input from legal, manager, and/or clinical team as needed before responding to other parties.
  • May serve as a project leader for smaller, new, or existing studies (with manager and senior-level professional review/input).
  • Frequently interact and communicate with internal customers/clients, including senior management, and external other parties.
  • Administer, extend, negotiate, and terminate standard and nonstandard contracts.
  • Examine 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 a customer-facing role
  • Project Management experience
  • Experience with Microsoft Office (e.g., Word, Excel, PowerPoint)

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
  • Bilingual a plus (Spanish, French, Italian, Other)

Responsibilities may include the following and other duties may be assigned:

  • Administers, extends, negotiates, and terminates standard and nonstandard contracts.
  • Conducts proposal preparation, contract negotiation, contract administration, and customer contact activities to ensure proper contract acquisition and fulfillment per company policies, legal requirements, and customer specifications.
  • Examines estimates of material, equipment services, production costs, performance requirements, and delivery schedules to ensure accuracy and completeness.
  • Prepares bids, processes specifications, progress, and other reports; advises management of contractual rights and obligations; compiles and analyzes data, and maintains historical information.

Specialist Career Stream:
Typically an individual contributor with responsibility in a professional discipline or specialty. Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results. May act as a mentor to colleagues or may direct the work of other lower-level professionals. The majority of time is spent delivering and overseeing projects from design to implementation while adhering to policies, using specialized knowledge and skills normally acquired through advanced education (typically University).

Differentiating Factors:

Autonomy:
Established and productive individual contributor. Works independently with general supervision on larger, moderately complex projects/assignments.

Organizational Impact:
Sets objectives for own job area to meet the objectives of projects and assignments. Contributes to the completion of project milestones. May have some involvement in cross-functional assignments.

Innovation and Complexity:
Problems and issues faced are general and may require understanding of broader set of issues or other job areas but typically are not complex. Makes adjustments or recommends enhancements in systems and processes to solve problems or improve effectiveness of job area.

Communication and Influence:
Communicates primarily and frequently with internal contacts. External interactions are less complex or problem-solving in nature. Contacts others to share information, status, needs, and issues to inform, gain input, and support decision-making.

Leadership and Talent Management:
May provide guidance and assistance to entry-level professionals and/or employees in the Support Career Stream.

Required Knowledge and Experience:
Requires practical knowledge and demonstrated competence within the job area typically obtained through advanced education combined with experience. Requires a University Degree and a minimum of 2 years of relevant experience, or an advanced degree with 0 years of experience.

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