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Sourcing Associate

Company: TSR, Inc.
Location: Princeton
Posted on: June 13, 2021

Job Description:

TSR is a premier National U.S. Staffing company with over 50 years of staffing excellence.

Our client, a leading Pharmaceutical company is hiring a Sourcing Associate on a contracting basis.

Work Location: Remote

Summary:

  • Conduct contract facilitation process for highly complex contracts
  • Complete any required pre-transactional steps and prior endorsement, with appropriate risk assessment due diligence
  • Execute contracts in a timely method with appropriate legal support to ensure compliance with company standards
  • Perform appropriate due diligence by assessing risk mitigating options, and identifying business issues
  • 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
  • Manage multiple, complex projects independently
  • 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)
  • Ensure key agreements and contracts are reviewed by peers and superiors to protect and advance the companys interest
  • Collaborate with cross-functional teams to enable the procurement contracting process and ensure excellence in contract management
  • 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
  • Review key agreements and contracts reviewed to protect and advance the companys interests
  • Support continuous improvement initiatives towards an industry-leading contracting capability within Strategic Sourcing & Procurement
  • Participate in training to provide opportunities 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 Owner

Required Skills:

  • B.S./B.A. or equivalent degree
  • JD or equivalent degree (e.g., paralegal)
  • 5-7 years of relevant experience including drafting, reviewing and negotiating procurement / business contracts, procurement negotiations (preferably in Pharmaceutical or Life Sciences 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
  • R&D and/or BI&A, Claims Data & RWD, Data Analytics and RWE experience
  • Data Privacy and Health Data Privacy understanding a plus
  • Understand IT business requirements and translate them into effectively leading IT sourcing projects including IT Service Agreements, Software Licensing Agreements (on-premises, Software as a Service (SaaS) and Platform as a Service (PaaS)), Proof-of-Concept
  • Agreements and Statements of Work a plus
  • Pharmaceutical Procurement experience

Please contact me directly if you are interested in learning more about this opportunity or to discuss our referral program if you know anyone that may be interested.

Regards,

Dianne Weiss

Technical Recruiter

646-668-4249

dweiss@tsrconsulting.com

Keywords: TSR, Inc., Trenton , Sourcing Associate, Other , Princeton, New Jersey

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