At a Glance
- Tasks: Manage contracts and finances for clinical trials, ensuring smooth project execution.
- Company: Dynamic organisation at London Bridge focused on clinical research.
- Benefits: Competitive salary, private medical, dental, life assurance, and pension.
- Other info: Great opportunity for career growth in a supportive environment.
- Why this job: Be a key player in impactful clinical projects while developing your skills.
- Qualifications: Relevant qualifications in Business, Finance, or Life Sciences preferred.
The predicted salary is between 51750 - 63250 £ per year.
The main purpose of the Contracts Coordinator position within Richmond is to be responsible for the financial management of clinical trial projects. This role will manage the commercial components of clinical trials, including recognising and capturing business opportunities. With a focus on contract management, financial tracking, and project planning, the role is pivotal in driving project efficiency and seamless communication among stakeholders. By preparing and updating contracts, managing financial aspects, and coordinating vendors, the Contracts Manager contributes significantly to the organisation’s ability to deliver projects on time and within budget.
Main duties and responsibilities
- Prepare, update, and arrange reviews for contracts, including Confidentiality Disclosure Agreements, Letters of Agreement, Statements of Work, Master Service Agreements, and Work Orders.
- Develop and prepare the initial high-level timelines prior to contract execution, working with relevant stakeholders to outline the key milestones, deliverables, and major activities that are to be accomplished throughout the duration of the study.
- Define and outline the specific roles and responsibilities of both internal team members and external sponsors involved in the execution of studies, including the creation of a study contact list to ensure efficient communication throughout the study lifecycle.
- Manage the project budgets by reviewing the finalised protocol to ensure accurate financial planning. Prepare change orders as required to guarantee financial alignment and effective resource utilisation.
- Issue Task Orders to the study team per the contractual requirements and agreed deliverables.
- Maintain and update the Payment Schedule Calculator every month to ensure the financial aspects of the project are well managed, and both Richmond and the sponsor have a clear understanding of the payment schedule throughout the project’s lifecycle.
- Track and report monthly PV, external monitoring, screen failure and other project related costs, liaising with finance to create invoice reports and ensuring the invoices are paid by the sponsor.
- Update the monitoring visit tracker to maintain accurate records and facilitate oversight of study progress.
- Manage the setup of vendor contracts and ensure seamless uploading of study and vendor (study-related) contracts into eMS and Prefect systems.
- Handle the preparation of indemnity forms, coordinating reviews and managing statements of Insurance Cover and certificates for both Richmond and the sponsor, and maintain a well organised list to facilitate seamless communication.
- Support delivery teams with commercial insights, promoting cost control and continuous improvement.
Qualifications and Experience
- Relevant qualifications in Business, Finance, Commercial, Engineering, Life Sciences or similar.
- Comfortable managing complex contracts of high value.
- Experienced and comfortable in using a variety of software packages.
- Substantial experience in managing multiple projects simultaneously.
- Significant experience in independently managing clients / external B2B stakeholders.
- Strong negotiation skills.
- Project Management Qualification (Desirable).
Contracts Coordinator employer: Richmond Pharmacology
Richmond Pharmacology is an exceptional employer, offering a dynamic and supportive work environment for Research Physicians at our London Bridge location. With a strong emphasis on professional development, employees benefit from comprehensive training in clinical trial management, data analysis, and opportunities for publications and teaching, all while collaborating with a diverse, international client base.
StudySmarter Expert Advice🤫
We think this is how you could land Contracts Coordinator
✨Tip Number 1: Get Involved in Consulting Case Competitions
Look for case competitions hosted by universities and consulting firms. They’re a fab way to showcase your problem-solving skills and meet industry players. Plus, winning one can seriously boost your CV, which we know is key when applying for roles like Contracts Coordinator at Richmond Pharmacology!
✨Tip Number 2: Leverage Alumni Networks
Tap into your university’s alumni network; many consultants love to help out new talent. Reach out to alumni who are working in management consulting, they might have insider knowledge about openings at firms like Richmond Pharmacology or be willing to refer you for that Contracts Coordinator position!
✨Tip Number 3: Attend Industry Events and Conferences
Keep an eye on management consulting events, workshops, or panels. These are prime opportunities to network with top professionals and get your name out there. You might even bump into someone from Richmond Pharmacology who’s on the lookout for their next Contracts Coordinator star!
✨Tip Number 4: Polish Your Consulting Skills Online
Engage with online platforms that offer consulting simulations or courses. Prove your chops by completing relevant projects — this not only beefs up your experience but also gives you concrete examples to chat about during interviews for that full-time Contracts Coordinator role at Richmond Pharmacology!
We think you need these skills to ace Contracts Coordinator
Some tips for your application 🫡
Show Your Problem-Solving Skills:In management consulting, it's all about problem-solving—so make sure your CV highlights your analytical and critical thinking skills. Include examples from your studies or previous roles where you tackled complex issues or came up with innovative solutions. Quantify your achievements whenever possible to demonstrate your impact!
Tailor Your Cover Letter:Your cover letter is your chance to explain why you're a perfect fit for the consulting world. Focus on your motivation for joining the industry and how your skills align with the requirements of the role at Richmond Pharmacology. Remember to mention any relevant coursework or projects that showcase your understanding of strategic frameworks or business models!
Highlight Team Experience:Consultants often work in teams, so it's vital to showcase your collaborative skills. Include experiences where you've worked effectively with others, whether in academic group projects or internships. Discuss your role in the team and how you helped achieve common goals, demonstrating you can thrive in a consultancy environment.
Professionalise Your Online Presence:Make sure your LinkedIn and any other professional profiles are up to date, reflecting your career aspirations in management consulting. Connect with industry professionals and follow relevant groups—show you’re serious about entering this field. Applying through our website is a great way to get noticed, so showcase your personality and enthusiasm there!
How to prepare for a job interview at Richmond Pharmacology
✨Master the Case Study Game
In management consulting, case study interviews are all the rage. Make sure to practice structuring your thoughts and analysing data on the fly. Use resources like example case studies to get comfortable with frameworks and solutions. Remember, it’s not just about getting the right answer but showcasing your thought process, so talk us through your reasoning!
✨Know Your Numbers
Be prepared for some numerical and analytical questions. Brush up on your mental math and be ready to interpret data from charts or graphs. We might throw some business scenarios at you that require a quick turnaround on numerical analysis, so practice these skills to feel confident and swift!
✨Show Your Leadership Flair
As this is a full-time role, we want to see your potential as a seasoned consultant. Be ready to discuss experiences where you've led a project or a team. Think about times you've influenced decisions or navigated challenges—this is your chance to show how you can thrive in a fast-paced, collaborative environment.
✨Be a Cultural Fit
We’re not just looking for brains; we want to see if you vibe with our company culture at Richmond Pharmacology. Prepare to share how your values align with ours. Have a think about what makes a great team environment for you and how you can contribute to that. A good cultural fit goes a long way in management consulting!
