FSP Site Budget & Contracts Specialist

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

Job summary

Fortrea's FSP team is hiring a Site Budget & Contracts Specialist to negotiate and manage site budgets and contracts for clinical trials. The role requires strong budget negotiation skills and a Bachelor's degree, with a salary range of $80,000 to $89,000. Comprehensive benefits include Medical, Dental, Vision, and more.

Benefits

Medical

Dental

Vision

Life

STD/LTD

401(K)

ESPP

Paid time off

Flexible time off

Company bonus where applicable

Qualifications

• Must have 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) and ensure timely execution.
• Generate site budgets and research medical procedure costs.
• Manage CTAs and ensure compliance with legal standards and SOPs.

Skills

Budget negotiation

Contract management

Communication

Collaboration

Education

Bachelor's degree or equivalent scientific or commercial Higher Vocational education

Job description

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 obtain necessary information for effective CTA execution.
2. Understand standard contract language to make decisions on CTA sections when language modifications are proposed. Discuss issues with legal and work with sites, contractors, or vendors to resolve non-compliance issues.
3. Generate site budgets based on final approved country budgets, research medical procedure costs using local or global databases to provide accurate data for developing site-level budgets for new studies.
4. Manage CTAs ensuring all changes are updated according to client's legal standards and SOPs.
5. Ensure annual review of all templates with the Legal department and Local Head of Monitoring and Site Management.
6. Manage the contract tracking database, ensure timely updates, accuracy, and reconcile discrepancies. Post fully executed contracts in eFiliA and locally on the Clinical Operations secure drive.
7. Process internal approval forms and other documents required for compliance with the Internal Signatory Process and for audits.
8. Maintain excellent communication and collaboration 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 clinical trials are conducted and review them prior to renewal dates.

Education: Must have a 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: Comprehensive benefits including Medical, Dental, Vision, Life, STD/LTD, 401(K), ESPP, Paid time off, Flexible time off, and Company bonus where applicable. Applications are accepted on an ongoing basis. Learn more about our EEO & Accommodations request here.