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Contract Specialist

2 months ago

Somerset, New Jersey, United States Terumo Aortic Full time
Job Description

Terumo Aortic is seeking a highly skilled Contract Specialist to join its Legal and Compliance Department. As a Contract Specialist, you will play a critical role in managing various commercial contracts, including agreements, filings, and negotiations, to support the company's business development, corporate governance, and healthcare compliance.

Key Responsibilities:
  • Contract Management: Prepare, review, and negotiate complex contract agreements, ensuring compliance with company policies and industry standards.
  • Contract Lifecycle Management: Manage contract lifecycle from inception through execution, including organizing electronic contract and matter records.
  • Confidentiality Agreements: Manage company-wide confidentiality/non-disclosure agreements, including review, drafting, and negotiation.
  • Cross-Functional Collaboration: Coordinate cross-functional activities with Terumo associates to understand objectives, business needs, and expectations.
  • Contract Analysis: Apply foundational understanding of contract law, commercial contracts, and interaction within the healthcare industry.
  • Best Practices: Craft and cascade best practices in management of commercial contracts, including template management, review, and design.
  • Problem-Solving: Analyze problems, determine approach, compile and analyze data, and prepare reports and recommendations.
  • Contracting: Coordinate contracting between various affiliated entities and outside parties.
  • Confidential Work: Perform work of a critical and/or confidential nature and work on assignments that span across various functional areas.
  • Innovation Management: Receive and process innovation disclosure documents from TA inventors.
  • Patent Research: Structure and manage searches of one or more patent databases, review and filter the results, and report to stakeholders.
Requirements:
  • Confidentiality: Proven ability to maintain confidentiality with sensitive information.
  • Negotiation Skills: Proven ability to negotiate, draft, and revise contract terms and conditions.
  • Policy Adherence: Proven ability to work within internal policies and terms negotiations.
  • Technical Skills: Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook.
  • Communication: Ability to communicate effectively both verbally and in writing.
  • Organization: Strong sense of organization and ability to handle multiple tasks with prioritization.
  • Independence: Ability to work independently with minimal supervision.
  • Adaptability: Versatile, flexible, and willingness to work within constantly changing priorities.
  • Attention to Detail: Strong attention to detail.
  • Data Analysis: Ability to analyze data and prepare reports in support thereof.
  • Continuous Learning: Willingness to learn new skills and techniques and work beyond general area of responsibilities.
  • Stakeholder Management: Ability to work with field sales organization, other internal associates, and stakeholders in a positive and solutions-oriented capacity.
Preferred Qualifications:
  • Education and Experience: Bachelor's degree and minimum 5 years' experience with direct contracting in a relevant law firm and/or corporate setting.
  • Paralegal Certificate: Paralegal certificate with medical device, pharmaceutical experience is preferred or equivalent combination of education, training, and comparable experience.
  • Contracts Management Systems: Contracts Management Systems knowledge, preferably in SAP.
  • Intellectual Property: Familiarity with intellectual property, including patents and patent databases.
  • Medical Device Contracting: Experience specifically in medical device contracting environment strongly preferred.
  • Business Operations: Strong organizational skills and a general understanding of business operations.
  • Legal Concepts: Understanding of basic legal concepts.