Contract Specialist

Overview

Prepares and negotiates and assists in the execution and retention of site agreements, confidentiality agreements, letters of indemnification and other contracts for Sponsors who contract Fortrea to perform this service. Maintains and contributes to contracts tracking and status systems and supports maintenance of paper and electronic file systems. Responsible for following SOPs including but not limited to departmental SOPs, as well as completing study-related duties in accordance with the processes set forth in the relevant process document.

Responsibilities

• Responsible for adherence to standard operating procedures (SOPs).
• Perform the following, with occasional guidance from line management or more experienced colleagues : daily tracking, negotiation and approval of Site Agreements and Site Agreement templates (as applicable) for clinical study teams; timely updating of the departmental Site Agreement Management System (“SAMS”) or any other system required for use on a particular study.
• Identify and escalate issues (as defined in departmental processes) that must be escalated to line manager for review.
• Confirm quality of tasks delegated to and completed by Contracts Associate.
• Manage assigned studies with careful compliance with internal processes and procedures, or otherwise according to specified Sponsor requirements.
• Responsible for the timely updating of the departmental contract tracking system.
• Performs contract administration functions including assisting with obtaining approvals on authorization forms as required; maintaining a contract tracking system to report contract status updates and signing status; providing notice of all executed contracts to the appropriate team members along with contract values; and scanning and filing executed contracts in the shared electronic storage area in a timely manner for access by other staff members.
• Support line manager with departmental goals, objectives, and initiatives in a positive and flexible way.
• Provides management with regular status updates on all open contracts and any outstanding issues.
• Complies with and fulfils corporate requirements of the position including, inputting activities in Timesheets, conducting all required training and documenting training in training systems, and preparing and submitting any company expense reports for reimbursement in a timely manner.
• Drafts, negotiates, reviews, and processes contracts in a commercially reasonably manner that protects Fortrea’s fundamental interests and in accordance with departmental practices and policies. Produces and negotiates contracts that accurately reflect Fortrea’s obligations or rights and understandings with third parties.
• Negotiates contractual terms with other contracting parties in a professional manner.
• Identifies potential obstacles in the contracting process promptly and requests assistance of line manager, project management staff, Business Development staff, Budgets and Proposals staff, or higher management as necessary to minimize delays and to facilitate the prompt conclusion of contractual negotiations.
• Works closely with appropriate staff to keep them informed of progress of agreements and to avoid any delays in execution.
• Provides support to other Site Agreements staff and assists internal staff with contractual inquiries as required.
• Facilitates the internal review / revision / sign off process on contracts prior to forwarding to external parties.
• Coordinate and communicate with clinical study teams in a timely manner regarding contract details and timelines, as well as contract status reporting to ensure quick approval of templates and contracts.
• Ability to apply knowledge of the principles of ICH GCP to their work and follow quality standard procedures.
• All other duties as needed or assigned.

Qualifications (Minimum Required)

Experience (Minimum Required)

Physical Demands / Work Environment

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