FSP Site Budget & Contracts Specialist

Fortrea; Durham (NC); Remote; USD 80,000 - 89,000; Full time

Job summary

An innovative firm is seeking a Site Budget & Contracts Specialist to join their dynamic team. In this role, you will leverage your expertise in budget negotiation and contract management to facilitate clinical trials. Your responsibilities will include developing Clinical Trial Agreements, managing budgets, and ensuring compliance with legal standards. This position offers a unique opportunity to contribute to impactful healthcare projects while collaborating with various stakeholders. If you have a passion for the pharmaceutical industry and thrive in a fast-paced environment, this role is perfect for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(K)

Employee Stock Purchase Plan

Paid Time Off

Flexible Time Off

Qualifications

• 2+ years of budget/contract negotiation experience at CRO level.
• Experience in healthcare, pharmaceutical industry, or clinical research preferred.

Responsibilities

• Develop Clinical Trial Agreements (CTAs) using standard templates.
• Manage CTAs ensuring compliance with legal standards.
• Negotiate Master Services Agreements (MSAs) with institutions.

Skills

Budget Negotiation

Contract Management

Clinical Trial Agreements

Communication Skills

Research Skills

Education

Bachelor’s degree or equivalent

Tools

Contract Tracking Database

eFiliA

Job description

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Fortrea's FSP team is hiring Site Budget & Contracts Specialists!

Home Based in USA.

Must have 2+ years of budget/contract negotiation experience at CRO level with direct site facing experience.

As part of a global team, you will be responsible for preparing country site budgets and study financial appendices, assisting with the negotiation of site agreement budgets and financial exhibits of a certain complexity.

Responsibilities Include

1. Develop Clinical Trial Agreements (CTAs) utilizing standard templates and information from Contract Information Sheets. Ensure CTAs are executed in a timely manner to meet study start-up timelines. Liaise with legal departments to ensure content changes are mutually agreeable and in accordance with client's legally approved standard agreement language. Participate in Study kick-off meetings to gather necessary information for effective CTA execution.
2. Understand standard contract language to make decisions regarding sections of CTAs when language modifications are proposed by external parties. Discuss issues with legal if language is not compliant, and work with legal, sites, contractors, or vendors to resolve them.
3. Generate site budgets based on the final approved country budget, preparing for distribution to sites and following up with investigators. Research medical procedure costs using local or global databases to provide accurate data for developing site-level budgets, enabling Country Lead Monitors/Study Managers to calculate the latest average costs for procedures in new studies.
4. Manage CTAs ensuring all changes and components are updated according to client’s legal standards and SOPs.
5. Conduct annual reviews of all templates with the Legal department and the Local Head of Monitoring and Site Management.
6. Manage the contract tracking database, coordinate timely updates, ensure accuracy, reconcile discrepancies, and post fully executed contracts in eFiliA and the secure drive.
7. Process internal approval forms and other documents required for compliance with internal signatory processes and audits.
8. Maintain excellent communication and collaboration as the point person among clinical trial site personnel, client’s Head, Clinical Operations, Legal Counsel, and others during contract negotiations.
9. Prepare for internal audits by maintaining a complete and accurate paper trail for each site contract negotiation.
10. Negotiate Master Services Agreements (MSAs) with institutions where trials are conducted, ensuring review prior to renewal dates.

Education

• Bachelor’s degree or equivalent scientific or commercial Higher Vocational education.

Experience

• Experience in healthcare, pharmaceutical industry, or clinical research preferred.

Pay Range: $80,000 – $89,000 USD

Benefits: Offers include Medical, Dental, Vision, Life, STD/LTD, 401(K), ESPP, Paid time off, Flexible time off, and potential bonuses, based on skills, experience, and internal policies.

Applications are accepted on an ongoing basis. Learn more about our EEO & Accommodations here.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Information Technology