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Legal Sourcing Associate

Company: Axelon Services Corporation
Location: Princeton
Posted on: June 10, 2021

Job Description:

This role is currently work-from-home and will move to the office environment after the COVID-19 restrictions are lifted.

Job Description: Description:
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:
" Conduct contract facilitation process for highly complex contracts
o Complete any required pre-transactional steps and prior endorsement, with appropriate risk assessment due diligence
o Execute contracts in a timely method with appropriate legal support to ensure compliance with company standards
o Perform appropriate due diligence by assessing risk mitigating options, and identifying business issues.
o Coordinate redlines and negotiations 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 commercial terms
Defend legal terms on standard internal templates, agreements and third-party paper where necessary.
o Manage multiple, complex projects independently
o Ensure appropriate written guidelines are followed and/or SME input is obtained throughout the process (eg, privacy, finance, international and domestic taxation, customs and trade, information security, systems quality, software asset management, and other SMEs)
o 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 enable the procurement contracting process and ensure excellence in contract management
o Collaborate with Client Legal in its development, oversight and maintenance of relevant contract templates, fallback and guidance in continually improving an efficient and effective Procurement contracting function
o Identify points of escalation for Sourcing Excellence ( SE ) to interface with Strategy, Process & Capabilities, Legal, and other relevant stakeholders (e.g., Compliance, Audit, etc.,) regarding contracting and Procurement policy and related operational questions
o Review key agreements and contracts reviewed to protect and advance the company s interests
" Support continuous improvement initiatives towards an industry-leading contracting capability within Strategic Sourcing & Procurement
o Participate in training to provide opportunities for professional development and further expansion of contracting skillsets
o Ensure thresholds and hand-offs between Business, Legal, and other involved parties are clear and well communicated
o Partner with functional / regional category teams to maintain effective contracting procedures and ensure adherence to regional/global category strategies
o Collaborate with Global Process Owners

Internal/External Stakeholders:
" Procurement Functional Leadership
" Global Process Owners
" Sourcing Excellence Functional Leads / Teams
" Client Legal Teams

Minimum Requirements:
" 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
" Recognizing, identifying and being able to explain business and legal risks and their implications.

Preferred Qualifications:
" Relevant professional certifications (e.g., CPM, CPIM)
" 3 years of Pharmaceutical Procurement experience
" Membership in Professional Associations (e.g., ISM)
" R&D and/or BI&A, Claims Data & RWD, Data Analytics and RWE experience
Additional Job Requirements:

Keywords: Axelon Services Corporation, Trenton , Legal Sourcing Associate, Other , Princeton, New Jersey

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