The Budget and Contracts Specialist will be responsible for supporting a portfolio of work within the organization, including:
- negotiating clinical trial agreements for studies awarded to M3 Wake’s Clinical Research sites
- negotiating Confidentiality Agreements (CDAs), master CDAs or Non-Disclosure Agreements (NDAs)
- negotiating vendor services agreements (VSA) or Master Service Agreements (MSAs) with M3 Wake Research approved vendors
The person in this role will work directly with the Vice President of Clinical Operations to understand and follow through on all contractual aspects of clinical research. This includes collaborating to prepare and review contracts, and implementing the approval, filing, and compliance processes. The Budget & Contracts Specialist is also responsible for the appropriate compensation procedures for select contracts.
Essential Duties and Responsibilities:
- Assist with the creation, administration and overall management of M3 Wake Research site contracts and budget activities
- Negotiation and execution of site budget
- Negotiation and execution of site contract
- Management of budget and contract amendments driven by study protocol amendment and protocol addenda
- Compile and maintain a library of procedural costs to for budget development
- Compile and maintain library of contract terms from key customer accounts to facilitate more efficient contract negotiations
- Accurate and timely tracking and reporting of contract and proposal data network wide
- Submission of final deliverables in accurate and timely manner
- Assist with the management of the negotiation process, proactively escalating issues or proposing solutions in order to expedite the process
- Use commercial, fiscal and budgetary skills to develop budgets that match the service offering while ensuring costs are accurate and justifiable including all variables required
- Create payment terms to ensure cash neutrality and conform with company standards
- Liaise, directly or indirectly with Sponsors and CROs representing the sites as it relates to contracts and budgets
- Work closely with Business Development and study start-up team to ensure timely completion of start-up activities relating to budgets and contracts
- Work closely with site clinical staff to collect study details to facilitate budget development
- Work closely with internal finance team to assist as a resource for interpreting contractual language and budgets for billing and revenue recognition
- Work closely with in house legal department to ensure proper and necessary language of contracts
- Understand and comply with procurements, legal and financial requirements and procedures
- Bachelor's degree in a business field or life science degree with equivalent work experience
- Experience in a CRO, pharma/biotech, site network outsourcing, or equivalent paralegal/legal contract experience for at least 2 years
- Excellent analytical skills including use of advanced MS Excel software, oral and written communications, strong attention to detail, prioritization and time management proficiencies
- Ability to work effectively with minimal supervision
- Ability to multi-task constantly
- Comfortable with financial calculations
- Ability to read and understand legal documents highly preferred
- Ability to understand finance budget documents highly preferred
About M3:
M3 USA is at the forefront of healthcare innovation, offering digital solutions across healthcare, life sciences, pharmaceuticals, and more. Since our inception in 2000, we’ve seen remarkable growth, fueled by our mission to utilize the internet for a healthier world and more efficient healthcare systems.
Our success is anchored in our trusted digital platforms that engage physician communities globally, facilitating impactful medical education, precise job placement, and insightful market research. M3 USA prides itself on a dynamic and innovative work environment where every team member contributes to global health advancements.
Joining M3 USA means being part of a dedicated team striving to make a significant difference in healthcare. We provide a unique opportunity for you to be at the cutting edge of healthcare innovation, shaping the future in a meaningful career. Embrace the chance to drive change with M3 USA.
Benefits:
A career opportunity with M3 Wake Research offers competitive wages, and benefits such as:
- 401(k), 401(k) matching
- Dental insurance
- Disability insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
*M3 reserves the right to change this job description to meet the business needs of the organization
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