Costing Manager

The Costing Manager is a position that sits within the Costing Department, as part of the Enterprise Client Solutions group. The role is primarily charged to work individually and/or with supporting the Costing Directors (as and when required) in the delivery of clinical study costings and will predominantly liaise with the Costing Directors on a daily basis. Interactions with other functional roles from Strategy and Planning, Therapeutic Area Business Units, Project Management Centre of Excellence, Client Services, Business Development, Global Clinical Trial Organization (GCTO), Biometrics, Drug Safety and Global Regulatory Services will also be necessary in accomplishing the job

The Senior Costing Manager is a position that sits within the Costing Department, as part of the Business Operations group. The role is primarily charged with supporting the Costing Directors in the delivery of clinical study costings and will predominantly liaise with the Costing Directors on a daily basis. Interactions with other functional roles from Strategy and Planning, Therapeutic Area Business Units, Project Management Centre of Excellence, Client Services, Business Development, Global Site Services, Biometrics, Drug Safety and Global Regulatory Services will also be necessary in accomplishing the job.

Summary of Responsibilities:

Support the development of proposals and budgets to ensure clear alignment of project costings to customized delivery strategy by performing but not limited to the following tasks:

• Review RFP scope and specs and initiate the costing process by initial update of the pricing tool and ensure that this is updated and accurate on an ongoing basis during the cost finalization process

• Review, update and adjust the initial system generated default budget independently or after feedback and direction from operational leaders and other stakeholders

• Attend all team meetings during the RFP process like but not limited to: strategy, pricing specification, pricing delivery or challenge call, senior management call and bid defense preparation

• Lead and deliver the full proposal, ballpark, abbreviated response, letter and/or re-cost estimates by accomplishing the complete RFP process independently

• Deliver individually or under supervision from the operational and department leaders and manage all delegated aspects of costing compilations for RFP responses and non-compete awarded projects.

• Determine appropriate Biometrics scope and deliverables for new RFPs based on available Protocol and/or Synopsis and schedule of events (SoE)

• Establish and maintain a close relationship with Biometric leadership to ensure new technologies and platforms are accurately reflected in proposal response.

• Review proposed Fortrea pass through for Biometrics items and costs for new RFPs and request adjustments if required to ensure accurate pass through costs

• Review and respond to queries from vendors during RFP phase, review proposed vendor quotes and request adjustments in consultation with costing director/s if required to ensure accurate vendor costs

• Support writing and review of the assumptions document included in RFP response to ensure accuracy and alignment with the proposed budget

• Support writing and review of RFI response to ensure questions have been accurately addressed and aligned to current business practices as defined in Standard Operating Procedures

• Liaise with Biometrics/Patient Safety/ Data management for project resource assignments and handover requirements during the RFP or on award as necessary.

• Negotiate for team assignments with relevant experience and availability after review of the proposed CVs.

• Review and coordinate with pricing to ensure accurate mapping and finalization of client budget grid with Fortrea activity codes

• Support and contribute to ongoing updates of Biometrics algorithms by working in close coordination with the Biometrics Management and other relevant stakeholders.

• Contribute to the proposal management team in any strategic process improvement initiatives

• Perform other duties as assigned by management of the department

• Provide mentoring and onboarding trainings to Costing Managers and other members of the team

Qualifications(Minimum Required):

• Education: University/college degree (life science preferred) from an appropriately accredited organization

• Fortrea may consider relevant and equivalent experience in lieu of educational requirements.

Experience (Minimum Required):

• Minimum of 7 (seven) years of relevant clinical research experience in a pharmaceutical company or CRO either in clinical operations/ project management or DM/Statistical Programming/ Statistical Analysis / Biometrics

Additional requirements include:

• Demonstrated ability to work with minimal supervision.

• Demonstrated good planning and organization skills.

• Good computer skills with good working knowledge of a range of computer packages.

• Demonstrated effective and professional verbal and written communication skills.

• Ability to understand and work with financial information.

• Ability to resolve project-related problems and prioritizes workload for self and team.

• Ability to work collaboratively within a project team.

• Ability to work efficiently and effectively in a matrix environment.

Preferred Qualifications Include:

• Experience in clinical study costing or clinical project budget management

• Thorough knowledge of Fortrea SOPs

Physical Demands / Work Environment:

• Flexibility to participate in meetings across various time zones outside core working hours.

• Travel Requirement: No

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