Outsourcing Analyst

Posted 17 Hours Ago
Be an Early Applicant
Conshohocken, PA
Mid level
Healthtech • Pharmaceutical • Manufacturing
The Role
The Outsourcing Analyst at Madrigal manages vendor and site contracting, overseeing budget negotiations and contract execution for clinical trials. They perform bid comparison, maintain contract compliance, and track savings while collaborating with various teams and stakeholders. Attention to detail and strong analytical skills are essential for managing multiple vendors and contracts effectively in a fast-paced environment.
Summary Generated by Built In
About Madrigal:
Madrigal is a biopharmaceutical company pursuing novel therapeutics for non-alcoholic steatohepatitis (NASH), also known as metabolic dysfunction associated steatohepatitis (MASH). Our first therapy, Rezdiffra (resmetirom), was granted accelerated approval by the U.S. Food and Drug Administration (FDA) for the treatment of adults with NASH with moderate to advanced liver fibrosis (consistent with stages F2 to F3 fibrosis) and is being studied in a Phase 3 trial for the treatment of NASH with compensated cirrhosis.
Role Overview: 
Outsourcing Analyst
The Outsourcing Analyst is responsible for assisting in the management all aspects 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.
We are looking for someone location in EST. A limited amount of travel will be required for in person meetings. This is a Remote position.
Position 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
  • Be able to utilize multiple different 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’s policies and procedures
  • Track negotiated cost savings and cost avoidances achieved
  • Ongoing contract management (e.g. spend, change orders).

Qualifications and Skills Required:

  • Bachelor's degree
  • 3+ years of related experience
  • Capability of managing multiple vendors for multiple clinical trials simultaneously
  • Must have the ability to build and maintain positive relationships with management, peers, and colleagues
  • Excellent written and verbal skills. Must display strong analytical and problem-solving skills.
  • Strong work ethic
  • Energy to commit to a fast-paced environment
  • Must be detail oriented yet not lost in the details
  • Self-starter with ability to prioritize workload
  • The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification.

Compensation:
Base salary is determined by several factors that include, but are not limited to, a successful candidate's qualifications, skills, education, experience, business needs, and market demands. The role may also be eligible for bonus, equity, and comprehensive benefits, which include flexible paid time off (PTO), medical, dental, vision, and life and disability insurance.
#LI-Remote

The Company
HQ: Conshohocken, Pennsylvania
430 Employees
On-site Workplace
Year Founded: 2016

What We Do

Madrigal Pharmaceuticals, Inc. (Nasdaq: MDGL) is a clinical-stage biopharmaceutical company pursuing novel therapeutics for non-alcoholic steatohepatitis (NASH), a liver disease with high unmet medical need. Madrigal’s lead candidate, resmetirom, is a once daily, oral, thyroid hormone receptor (THR)-β selective agonist that is designed to target key underlying causes of NASH in the liver. Resmetirom is currently being evaluated in two Phase 3 clinical studies, MAESTRO-NASH and MAESTRO-NAFLD-1, designed to demonstrate multiple benefits in patients with NASH. For more information, visit www.madrigalpharma.com

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