What are the responsibilities and job description for the Director - Contract Administration position at Analytic Recruiting Inc.?
A leading healthcare organization is seeking a Director, Contract Administration to lead the contracting process for Medical Products and Services, Pharmaceutical, or Business Products and Services. This person will prepare, coordinate, and manage contract negotiations and coordinate with Business Partners on new / renewal agreements, product / price change notifications, and amendments.
Salary : Up to 145k base bonus
Location : Morristown, NJ
Responsibilities :
- Strong understanding of compliance requirements and regulations (HIPAA, Anti-Kickback Statute, and regulations for post-acute care providers
- Ensure all contracts are in compliance. Identify opportunities for growth, optimize contract portfolios, and ensuring that all contracts support their strategic objectives
- Ensure contracts are fully executed and communicated to all relevant parties, providing visibility and facilitating seamless implementation
- Maintain ongoing contracts, including product additions, price changes, renewals, and extensions, ensuring contracts remain relevant and effective
- Identify risks associated with contracts including assessing legal, operational and financial risks and addressing those risks and protecting the interests of the organization
- Negotiate favorable terms and manage the lifecycle of contracts. Draft, review, and execute contracts, ensuring that all terms benefit the organization
- A strong understanding of financial principles is necessary to evaluate the financial implications of contracts (budgeting, forecasting, cost-benefit analysis)
- Strong analytical skills to interpret complex data and identify trends that could impact contract performance, address issues that arise during the contract lifecycle
- Ensures that contracts are fulfilled by tracking progress, analyzing performance metrics, and resolving disputes effectively
- Lead and manage a team of contract managers, perform peer review functions on contract amendments, and ensure that the team operates efficiently
- Familiarity with contract management software and other technologies for operational efficiency
Qualifications :
