Outsourcing Analyst

Role Summary

The Outsourcing Analyst is responsible for assisting in the management of vendor contracting, site contracting, and negotiation/execution of all required agreements in support of the clinical plan. This role requires the ability to understand the budget and contracting process while working with all clinical research study phases and different teams within Madrigal Pharmaceuticals (e.g., R&D & Clinical Operations). The ability to collaborate with other clinical team members, clinical trial teams, investigational sites and vendors is imperative. This position is intended to be in the office three days a week with potential flexibility on an ‘as needed’ basis. A limited amount of travel will be required for in-person meetings.

Responsibilities

• Manage the RFP process, including bid comparison analysis, and contract negotiation and finalization
• Manage budget and contract negotiations with all service providers including all initial contracts
• Negotiate final scopes of work, budget, and payment schedules with input from functional team members for clinical study service providers
• Negotiate a variety of contracts, including amending agreements in relation to new needs or changes in circumstances
• Utilize multiple systems for contract approvals (e.g., MedCompli, Coupa)
• Ensure all contracts are uploaded in database and perform uploads for historical contracts; maintain database
• Ensure contract compliance in accordance with company policies and procedures
• Track negotiated cost savings and cost avoidances achieved
• Ongoing contract management (e.g., spend, change orders)

Qualifications

• Bachelor's degree
• 3+ years of related experience
• Capability of managing multiple vendors for multiple clinical trials simultaneously
• Ability to build and maintain positive relationships with management, peers, and colleagues
• Excellent written and verbal skills; strong analytical and problem-solving skills
• Strong work ethic
• Energy to commit to a fast-paced environment
• Detail oriented yet not lost in the details
• Self-starter with ability to prioritize workload

Education

• Bachelor's degree