About this Contract Analyst I role at Fortrea
We are seeking a detail-oriented and commercially minded Contract Specialist to support the preparation, review, negotiation, and execution of a variety of client contracts within the pharmaceutical and CRO industry. This role partners closely with Legal, Finance, Pricing, Sales, Client Services, and operational teams to ensure contracts are completed accurately, efficiently, and in compliance with company policies and regulatory requirements. The successful candidate will manage multiple agreements simultaneously, support contract negotiations, mitigate business risk, and contribute to process improvement initiatives in a fast-paced, high-volume environment.
Summary of Responsibilities:
Develop and review contracts for low to medium complexity projects and see through to execution (including MSAs, CDAs, ISAs, IPAs, WSCs, budgets if required, etc.) – up to 50% on MSAs (single unit Client or single unit Fortrea template).
Lead negotiations for all assigned Agreements with moderate to high management support.
Develop and apply a working knowledge of the various Fortrea business units to insure proper contract terms for all types of studies.
Generate cash flow analysis and payment schedules with high degree of management support for the above-mentioned agreements in accordance with Contract Management guidelines for review by senior members of the department.
Follow up on outstanding contract issues for resolution to meet internal and external deadlines and to minimize business and legal risk.
Work cross-functionally with Contract Analysts, Client Services, Finance, Pricing and Sales to resolve contract issues in a timely manner.
Assist Analysts and SMEs with periodic client f/up for contract documentation.
Assist in managing overall contract processes and client relationships.
Participate in process improvement initiatives intended to improve global delivery of contracts.
Adhere to Contract Management policies and process.
Ensure Sarbanes Oxley compliance from a contracting perspective.
Perform accurate data entry into SFDC, Apttus, CMS and/or other tools required for reporting.
Provide accurate updates on all outstanding contractual documents to management as required through required systems or tracking mechanisms.
Participate in project review meetings as necessary.
Other duties as assigned.
And all other duties as needed or assigned.
Qualifications (Minimum Required):
BA or BS in business or life sciences (or equivalent experience)
Fortrea may consider relevant and equivalent experience in lieu of educational requirements.
English oral, writing, and reading language skills
Experience (Minimum Required):
2 years in the pharmaceutical or CRO industry preferred with minimum of 1 year of contract management related experience (or equivalent).
Demonstrated ability to plan, multi-task and prioritize.
Demonstrated teamwork, communication, and organizational skills.
Proficient in Excel and Word (intermediate).
Demonstrated problem solving skills.
Excellent customer service skills, attention to detail and ability to be persistent while maintaining tact.
Proven ability to work independently.
Experience and comfort in a high volume, fast paced environment is essential.
Ability to negotiate.
Physical Demands/Work Environment:
Flexibility to participate in meetings across various time zones outside core working hours.
Occasionally working extended hours in order to adhere to client deliverable timelines.
May be required to attend client meetings off-site as directed by management.
Travel requirements: up to 5% as required (Regional).
Learn more about our EEO & Accommodations request here.