- Expiry Date: 05 February 2022
The role of Sourcing Excellence, Contractor for R&D Contracting within the Strategic Sourcing & Procurement (Procurement) function, will be responsible for the delivery of an industry-leading contracting capability through the efficient conduction of dedicated contracting including active contract review, analysis, redlining, negotiation. It will be key for this individual to manage the effective collaboration across multiple locations with cross-functional stakeholders, including Legal, Global Process Owners, and other important cross-functional teams. It will also be key for this individual to manage and handle escalations in the contracting process.
Major Responsibilities and Accountabilities:
Lead contract facilitation process for highly complex contracts
Serve as primary escalation point for approximately 10 Sourcing Excellence (SE) contract facilitators for template questions, redlines to contract terms, and other process items.
Oversee the facilitation of an upward of 25+ contracts at any given time.
Support contract executions in a timely method with appropriate legal oversight to ensure compliance with company standards
Perform appropriate due diligence by assessing risk mitigating options, and identifying business issues.
Coordinate redlines and negotiation strategies with legal and other stakeholders as well as suppliers:
Negotiate business terms and collaborate, coordinate and be able to explain risks and implications of contract terms to the business and other stakeholders.
Complete gap analysis, review, redline and understand contract language, risks and implications of such language.
Draft where appropriate contract terms
Defend legal terms on standard internal templates, agreements and third-party paper where necessary.
Ensure appropriate written guidelines are followed and/or subject matter expert (SME) input is obtained throughout the process (e.g., privacy, finance, international and domestic taxation, customs and trade, information security, systems quality, software asset management, and other SMEs)
Ensure key agreements and contracts are reviewed by peers and superiors to protect and advance the company’s interest
Collaborate with cross-functional teams to ensure excellence in contract management
Collaborate with the client Legal in its development, oversight and maintenance of relevant contract templates, fallback and guidance
Identify points of escalation for Sourcing Excellence (SE) to interface with Legal, and other relevant stakeholders (e.g., Compliance, Audit, etc.,) regarding contracting and Procurement policy and related operational questions
Support continuous improvement initiatives towards an industry-leading contracting capability within Procurement
Participate in training for professional development and further expansion of contracting skillsets
Ensure thresholds and hand-offs between Business, Legal, and other involved parties are clear and well communicated
Partner with functional / regional category teams to maintain effective contracting procedures and ensure adherence to regional/global category strategies
Collaborate with Global Process Owners
Procurement Functional Leadership
Global Process Owners
Sourcing Excellence Functional Leads / Teams
company Legal Teams
B.S./B.A. or equivalent degree
JD or equivalent degree (e.g., paralegal)
Legal training/qualification/experience could be a differentiator
5-7 years of relevant experience including drafting, reviewing and negotiating procurement / business contracts, procurement negotiations (preferably in Pharmaceutical or Life Sciences industries [or other regulated industries])
Experience managing cross-functional and/or global teams of contracting and / or procurement professionals and in establishing performance expectations
Internal stakeholder management, data/information management, category management, process redesign and continuous improvement expertise, project management and performance measurement skills
Procurement process knowledge, contract management, financial analysis, market analysis, supplier analysis, supplier diversity, supplier management, technology utilization, strategic planning and integrated supply chain experience
Procurement process knowledge, contract management, Understanding of legal terms vs. business terms
Analytical and active reader with an ability to recognize and critically assess business and legal risks and their implications
Effective communicator in explaining legal risks and their implications to both experts and laypersons
Proficient in Microsoft Office applications and collaboration tools such as Microsoft Teams
Understanding of urgency and ability to maintain high performance under tight timelines
Excellent verbal, written, and interpersonal communication skills
Demonstrates ability to ask the right questions and use sound business judgment
The ability to deal effectively with ambiguity and thrive in a fast-moving environment
Excellent organizational and multi-tasking skills with tremendous attention to detail
Relevant professional certifications (e.g., CPM, CPIM)
Previous experience in Pharmaceutical, Life Sciences, Clinical Development, Medical Devices, etc. industries a significant plus 3 years of Pharmaceutical Procurement experience
Membership in Professional Associations (e.g., ISM)
R&D and/or Business Insights and Analytics (BI&A), Claims Data &other real-world data (RWD) sources, and real-world evidence (RWE) experience
Familiarity with healthcare laws, rules, and regulations including the Federal Anti-Kickback Statute, the Affordable Care Act, the Health Insurance Portability and Accountability Act (HIPAA), and other data privacy laws Lawford evidence (RWE) experience
Familiarity with healthcare laws, rules, and regulations including the Federal Anti-Kickback Statute, the Affordable Care Act, the Health Insurance Portability and Accountability Act (HIPAA), and other data privacy laws.
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