When our values align, there's no limit to what we can achieve.
Key Accountabilities :
Investigator Budget Build
- Takes the lead role in development of site budgets for global utilization to ensure actionable, relevant budgets are provided to business partners on time
- Accountable for drafting, reviewing and finalizing the creation of global clinical trial budget templates in accordance with Fair Market Value (FMV) and industry best practices
- Amendment responsibilities as needed as protocol requirements mandate
- Utilizes grant planning / industry cost benchmarking tools, International Classification of Diseases codes (i.e. ICD-9 / 10) and Current Procedure Terminology (CPT) codes to ensure standardization of budget template format
- Monitors timelines for all clinical studies to ensure global budgets are built within study required timelines for both original and amended protocols and delivers to business partners on time
- Supports business partner requests for ad hoc cost benchmarking analysis and global budget template development
Budget Oversight and Negotiation Support
Creates comprehensive parameters and tools for the Contracting Team to use for budget negotiationsProvides input into and supports global clinical site budgeting process and negotiationUpdates Master Budget Templates as appropriate in terms of benchmarks and exchange rates and continues to update budget templates to conform with internal budget negotiation parameters and in line with current industry trendsUpdates the Master Investigator Fee Budget Template to align with internal processes and tools such as the new site payment systemMaintains documentation and database of approvals, including approvals for Master templatesLeadership
Serves as a Subject Matter Expert for cost benchmarking and cost benchmarking tools, providing internal training and ongoing support on a global levelResponsible for oversight of Investigator Budget Analyst staff including workload management, quality of deliverables and escalation of issues to management when neededSupports the development and delivery of site budgeting process training and documentation, which includes contributing to the Clinical Contracts team onboarding plan and curriculumIdentifies training needs, formulates strategies to address training gaps, and conducts training as neededIdentifies and leads ongoing process improvement initiatives and training sessions related to the global site budget development process (including participating in pivotal initiatives), contributing to quality, systems and process initiativesOnboarding, training, and mentoring peers with regard to site budgeting, including training the Clinical Contracts team on budget processes, Client best practice, and negotiation strategyResponsible for development of process and acceptable guidelines for approvable budgetary requirementsWorks on problems of diverse scope, as assigned by Manager / Director, where analysis of situations or data requires evaluation of identifiable factorsCollaborative Relationships
Works with Clinical Development Operations, Finance, Legal, the Site Contracting Team, Functional Service Providers, and Clinical Research Organizations (CROs) to ensure proper clinical trial budget development, training and dissemination occursResponsible and accountable for leading a meeting with Clinical and Global Site and Study Operations, Finance, Functional Service Providers, and / or CROs for budget delivery and explanation of the Master Template and / or parameters to ensure proper understanding to allow a high level of negotiationCollaborates with and supports colleagues with the negotiation of site budgets and ancillary documentsCollaborates with Clinical and Global Site and Study Operations as needed for clarifications, providing education on the budget development process and rationale for items in the budget templateCompliance with Parexel standards
Complies with required training curriculmCompletes timesheets accurately as requiredSubmits expense reports as requiredUpdates CV as requiredMaintains a working knowledge of and complies with Parexel processes, ICH- GCPs and other applicable requirementsSkills :
Understands benchmark costs data, relationships, and trends and applies to real world situationsUnderstands cost drivers associated with procedures required within the clinical site study budgetUnderstands, clearly articulates and defends budget template decisions and rationalesThorough understanding of the budgeting process and ability to summarize high-level feedbackAbility to identify, communicate and propose solutions for potential budget issues that may ariseAbility to exercise judgment within generally defined procedures and policies in selecting methods and techniques for obtaining solutionsStays abreast of changes in industry standards, and has the ability to help identify new standard methodologies to contribute to continuous improvementStrong communication (written and verbal) skillsStrong analytical capabilities and advanced presentation skillsAbility to work cross functionally to ensure timely support of site activationProficiency in written and spoken English requiredProficiency in local language as applicable Knowledge and Experience :8+ years of professional work experience, including 5+ years in a research setting with pharmaceutical industry expertise in clinical contracting, outsourcing or finance is requiredDemonstrates the qualifications needed to train and Quality Control (QC) the work of colleaguesDemonstrated ability in negotiation, project management, effective communication and relationship managementDemonstratesa high level of contract / budget and technical competencies across multiple therapeutic areas, which includes a high level of competence in negotiation and contracting / budgeting business standardsContract negotiation experience in a scientific setting preferredDemonstrated experience in contracts, budgets, clinical site / sponsor relationship and performance related to clinical drug studies preferredEducation :
Bachelor’s degree or equivalent or relevant and qualifying training / experience