Procurement Analyst - Clinical Research Organization

Company: Precision Medicine Group
Location: Bethesda
Posted on: November 1, 2024

Job Description:

Procurement Analyst - Clinical Research Organization
at Precision Medicine Group (View all jobs)
Bethesda, MD, USA

Position Summary:

The Procurement Analyst is responsible for acquiring materials, supplies, equipment, and services in connection with the delivery of services supporting clinical trials. Additional procurement activities include but are not limited to: (i) tracking the vendor request for proposal (RFP) lifecycle; (ii) negotiating preferential pricing; (iii) vendor contracting; and (iv) performing other commercial and transactional activities.

Essential functions of the job include but are not limited to:

--- Adhering to procurement strategies that align with the company's objectives.

--- Managing the solicitation process, including reviewing/comparing specifications and costs and where appropriate supporting negotiation with vendors to reduce costs.

--- Negotiating terms and conditions with suppliers to ensure the best possible prices and agreements.

--- Delivering value and competitive advantage measured by cost reduction and cost avoidance, vendor-enabled innovation, and risk mitigation.

--- Ensuring compliance in purchasing process, especially in vendor selection and bidding.

Qualifications:

Minimum Required:

--- Bachelor's degree in business administration, accounting, economics or related field required.

--- Minimum of two years of work experience in life science procurement and outsourcing.

Other Required:

--- Excellent communication and negotiation skills

--- Proficiency in Microsoft Office Applications (Excel, Word, etc.).

--- Knowledge of purchasing policies, processes, and procedures.

--- Knowledge and ability to negotiate best vendor terms and pricing.

Preferred:

--- Experience with clinical trial procurement and contract research organization operations.

Skills:

--- Strong negotiation and interpersonal skills.

--- Excellent analytical skills.

--- Capability to work under pressure and adapt to dynamic environments.

--- Attention to detail and a commitment to achieving operational efficiency.

Competencies

--- Possesses strong organizational/written communication skills and the ability to multi-task and prioritize in a fast-paced environment.

--- Ability to effectively work with cross functional teams in a fast-paced global environment with operations in multiple countries with varying cultural dynamics.

--- Creative and flexible problem solving and critical thinking abilities.

--- Executes time-sensitive matters while maintaining accuracy and attention to detail.

--- Exhibits high self-motivation and can work and plan independently as well as in a team environment.

--- Demonstrates a high degree of professionalism.

--- Displays sound business judgment and a proactive, independent work style.

--- Develops, maintains, and strengthens relationships with others inside or outside of the organization who can provide information, assistance, and support.

--- Ability to work with diverse environments, both globally and culturally.

Precision is required by law in some states or cities to include a reasonable estimate of the compensation range for this role. This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to: skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Precision, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. This role is also eligible for a discretionary annual bonus, health insurance, retirement savings benefits, life insurance and disability benefits, parental leave, and paid time off for sick leave and vacation, among other benefits.

Reasonable estimate of the current range

$69,500 - $94,200 USD

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Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law. - 2020 Precision Medicine Group, LLC

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at QuestionForHR@precisionmedicinegrp.com .

It has come to our attention that some individuals or organizations are reaching out to job seekers and posing as potential employers presenting enticing employment offers. We want to emphasize that these offers are not associated with our company and may be fraudulent in nature. Please note that our organization will not extend a job offer without prior communication with our recruiting team, hiring managers and a formal interview process.

Keywords: Precision Medicine Group, Wheaton-Glenmont , Procurement Analyst - Clinical Research Organization, Professions , Bethesda, Maryland