[Remote] Sr. Contracts Specialist I at Thermo Fisher Scientific

Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Biotechnology, Life Sciences, Scientific InstrumentsIndustries

Requirements

Bachelor’s degree in business or legal-related field or equivalent experience
Minimum five (5) years of demonstrated ability in contracts negotiation
Good judgment in balancing business and commercial needs and potential risks/exposures with customer requests
Experience in Life Sciences and/or Healthcare manufacturing industries desired
Effective project management abilities
Demonstrated ability to work within tight schedules, both independently and as part of a team
Strong social skills with a collaborative/integrative style of working to reach common goals and objectives
Proficient with Microsoft Office
Good communication skills both written and oral
Demonstrate Thermo Fisher Scientific values – Integrity, Intensity, Innovation and Involvement

Responsibilities

Draft and review a mix of contractual agreements, encompassing standard and specialized types such as Master Supply Agreements, Letter Agreements, and more (moderate to challenging complexity)
Lead or participate in the contract negotiation process and collaborate through contentious issues at multiple levels both internally and with the customer, keeping risk exposure in mind
Be fully accountable for the outcome of the negotiated agreement and ensure conformity with business needs, accurate risk allocation, and compliance with internal policies and procedures
Possess a pragmatic grasp of the legal, financial, regulatory, and business risk associated with contract terms and conditions, and effectively communicate these risks to company decision-makers
Understand commercial sales basics such as pricing, delivery, warranty, and payment terms, as well as legal terms regarding liability issues, including indemnification, insurance, and limitation of liability
Interface efficiently with internal partners and customers to influence and provide directions to guide the contracting process
Apply approval authority matrix for agreement type using corporate guidelines and advance/route agreements as needed
Suggest varying contract terms that meet the company's requirements in cases where customer and company terms differ; develop choices and answers to resolve deadlocks that are satisfactory to all involved parties
Collaborate with different teams such as sales, order management, legal, finance, etc. within BPG and throughout the entire Thermo Fisher Scientific organization
Support Practical Process Improvement methodology and participate in initiatives as required
Maintain and use SFDC to handle contract lifecycle and contractual obligations

Skills

Key technologies and capabilities for this role

Contract NegotiationDrafting AgreementsMaster Supply AgreementsRisk AssessmentLegal ComplianceCommercial SalesIndemnificationLimitation of LiabilityApproval MatrixGlobal Contracts

Questions & Answers

Common questions about this position

What education and experience are required for the Senior Contracts Specialist role?

A Bachelor’s degree in business or legal-related field or equivalent experience is required, along with a minimum of five years of demonstrated ability in contracts negotiation.

Is this a remote position or does it require office work?

The position is based in an office environment with a standard Monday-Friday work schedule.

What are the main responsibilities of this role?

The role involves drafting and reviewing contractual agreements, leading negotiations, managing risks, ensuring compliance, and collaborating with internal teams like sales, legal, and finance.

What kind of experience makes a strong candidate for this position?

Candidates with experience in Life Sciences and/or Healthcare manufacturing industries, good judgment in balancing business needs with risks, effective project management abilities, and the ability to work within tight schedules independently or in a team stand out.

What is the salary or compensation for this role?

This information is not specified in the job description.

Thermo Fisher Scientific

Provides life sciences products and services

About Thermo Fisher Scientific

Thermo Fisher Scientific offers a variety of products and services that support scientific research and healthcare, including laboratory equipment, reagents, and software solutions. Their products are used in applications like protein biology, real-time PCR, and sequencing, serving clients such as academic institutions and pharmaceutical companies. Unlike competitors, Thermo Fisher emphasizes customer support and education, helping clients optimize their experiments. The company's goal is to be a leading provider of life sciences solutions that contribute to a healthier and safer world.

Waltham, MassachusettsHeadquarters

1956Year Founded

$17MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Risks

Increased competition in single-use bioprocessing may impact market share.

Sale of anatomical pathology business could create a temporary product gap.

Investment in miDiagnostics may face regulatory challenges affecting returns.

Differentiation

Thermo Fisher offers a comprehensive range of life sciences products and services.

Their well-known brands include Thermo Scientific, Applied Biosystems, and Invitrogen.

They provide strong customer support and educational resources to optimize client workflows.

Upsides

Expansion of biologics production facility enhances capacity for precision biologics monitoring.

Investment in miDiagnostics aligns with demand for rapid diagnostic solutions in BioPharma.

Collaboration with Mainz Biomed positions them in the growing cancer detection market.

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