As a Investigator Pricing Associate, you will be joining the world’s largest & most comprehensive clinical research organisation, powered by healthcare intelligence.
Responsibilities•Support Global Development Operations, Global Study and Clinical Management Groups and Therapeutic Area Teams by creation of pricing proposals for clinical study budgets,
consulting and related agreements
•Support Finance in the development of study level budget estimates using pricing tools
•Development of fair market value negotiation guidelines for each pricing request
•Maintain database of information related to pricing
•Ownership of pricing tools and templates/forms
•Participating in team/department special projects as required
Budget creation:
•Receive pricing requests from Clinical Development
•Study Clients for original or amended budgets
•Review study protocol or consulting scope of work and discuss with Clinical Study Team
•Use industry benchmarking pricing tool(s) and internal historical data to create base clinical study budget or recommendation for consultant or services compensation
• Create budget spreadsheet and corresponding documentation to be incorporated into Agreement
•Prepare pricing and negotiation summary packet which is provided to Law Department / LOC for negotiation
• Maintain database of pricing and related data for use in cycle time, site selection and negotiation analysis and reporting
• Provide consult to Law Department / LOC, as needed, for site negotiation issues and re-pricing for existing budgets
•Observe timelines associated with completion of pricing requests
•Build base budget in appropriate systems (ex. eClinical – required in US)
Clinical Trial Payment System (CTPS)
•Update and review EDC receipts
•Create site configuration package for CTPS
•Approve manual payment requests for sites using the CTPS
•Approve site invoices for sites using the Site Invoice Upload model within CTPS
•Single point of contact for payment issue resolution and oversight.
Communication
•Liaise with other critical departments to obtain necessary information required to create pricing, such as Law, Finance, and Clinical Teams Communicate on a regular basis to clients regarding progress of pending pricing requests Special Projects Participate in department or cross-functional projects as defined by internal team goal or outside department needs
Deliverables
•Base budget and supporting documentation for clinical study or proposed compensation for
consultant services
•Negotiation guidelines for Law department / LOC status reporting and updates
Qualifications•BAIBS/BSc
•2-5 years’ work experience in financial support or contract administration role in clinical trials in Pharmaceutical or CRO Company (mandatory)
•Exposure to clinical site contracts (experience in building budgets and managing site contracts is mandatory).
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