Contract Specialist
Company: Parexel
Job Type: Full Time
Work Mode: Remote
Job Locations: Hyderabad, Chandigarh, Bengaluru, Mohali, Mumbai, India
Job Requisition ID: R0000044264
Department: Proposals & Contracts
Industry: Clinical Research / Contract Research Organization (CRO)
About the Role
Parexel is hiring a Contract Specialist to support proposal development, contract development, budgeting, client negotiations, and related commercial activities within the clinical research environment.
The role involves working closely with internal Subject Matter Experts (SMEs), project teams, finance, tax, and external clients to develop accurate proposals, budgets, and contracts while meeting strict deadlines.
Key Responsibilities
Proposal Development
Review and analyze Requests for Proposals (RFPs), study protocols, and study synopses.
Coordinate with relevant Subject Matter Experts (SMEs).
Support proposal preparation, budget development, and review.
Prepare and modify proposals and budgets based on SME feedback.
Manage the RFP process from receipt through final delivery.
Identify potential RFP risks and develop appropriate mitigation strategies.
Obtain third-party quotes when required.
Ensure proposals and budgets align with client requirements and internal assumptions.
Maintain accurate documentation and update relevant systems for metrics and KPI reporting.
Contract Development
Create and finalize budgets and contracts according to departmental SOPs and work instructions.
Amend project budgets in collaboration with project and functional teams.
Use internal tools and reports to make appropriate client budget amendments.
Develop contract strategies and plans for client delivery and signature.
Prepare high-quality client deliverables within strict deadlines.
Participate in relevant internal and external meetings.
Build strong relationships with internal stakeholders and clients.
Lead or facilitate client meetings for cost and contract-term negotiations when required.
Prepare draft contracts using Parexel templates.
Identify contractual issues requiring input from Finance, Tax, or other internal departments.
Maintain accurate documentation and update systems used for metrics and KPIs.
Additional Responsibilities
Effectively manage workload, priorities, and deadlines.
Prepare detailed handovers before planned leave.
Develop proposal and contract plans.
Organize work priorities and deliverables.
Map client bid grids with support when required.
Meet internal and external expectations consistently.
Required Skills
Understanding of clinical study operations across different regions.
Strong analytical and problem-solving skills.
Excellent time-management and organizational abilities.
Ability to manage multiple tasks simultaneously.
Ability to work effectively under strict deadlines.
Strong decision-making skills.
Ability to identify when escalation or additional support is required.
Excellent attention to detail.
Strong written and verbal communication skills.
Strong interpersonal and teamwork skills.
Confidence in interacting with employees and stakeholders at different organizational levels.
Ability to lead internal meetings.
Ability to work effectively in a matrix organization.
Fluent in written and spoken English.
Positive attitude and sense of urgency.
Ability to prioritize work while maintaining accuracy and quality.
Knowledge & Experience
Basic knowledge of proposal and contract management principles.
Understanding of contractual terms and pricing structures.
Familiarity with pricing tools and data systems such as Salesforce.
Moderate proficiency in:
Microsoft Windows
Microsoft Word
Microsoft Excel
Microsoft Outlook
Databases
Ability to work independently from home.
Willingness to work irregular or extended hours when required to meet client deadlines.
Preferred Experience
Parexel preferably seeks candidates with approximately 2 years of experience in one or more of the following areas:
Project Support
Finance
Contract Management
Proposal Management
Clinical Research / CRO environment
Previous experience in proposal development is an advantage.
Experience working in multinational or multicultural organizations is also preferred.
Educational Qualification
Bachelor’s degree in:
Life Sciences
Business
Languages
Or an equivalent combination of education and experience
MBA is preferred.
Experience Level
Preferred: Approximately 2+ years of relevant experience
Candidates with experience in CROs, clinical research, proposals, contracts, project support, commercial operations, or finance would be particularly relevant for this position.
Freshers may generally find this role challenging because the position requires knowledge of proposals, contracts, pricing, clinical study operations, and stakeholder management.
Salary Package
Official salary: The provided job description does not mention a specific salary range.
Based on typical market compensation for Contract Specialist / Proposal & Contract Management roles in the Indian CRO industry, an estimated range would be:
2–3 years' experience: ₹5–8 LPA
3–5 years' experience: ₹7–11 LPA
Likely range for this Parexel role: approximately ₹6–10 LPA
For candidates with strong CRO experience, proposal-development expertise, contract negotiation exposure, or an MBA, compensation may potentially be higher.
These figures are market-based estimates and are not an official Parexel salary range.
Work Mode & Locations
The position is listed as remote and is available in:
Hyderabad
Chandigarh
Bengaluru
Mohali
Mumbai
The job description also indicates that employees should be able to work from home either partially or full-time depending on business requirements.
Career Growth
This role can provide strong exposure to the commercial and operational side of clinical research.
A potential career progression could be:
Contract Specialist → Senior Contract Specialist → Contract Manager / Proposal Manager → Senior Manager → Associate Director / Director
Candidates can also develop career paths in:
Proposal Management
Contract Management
Commercial Operations
Clinical Project Management
Pricing & Budget Management
Business Development Operations
Overall Job Suitability
This position is particularly suitable for candidates who have a background in Life Sciences, Business, Finance, Clinical Research, CRO operations, contracts, or proposal management and are comfortable working with budgets, documentation, clients, and multiple stakeholders.
The role is not primarily a laboratory or clinical-data-entry position. It is more focused on commercial operations, proposals, contracts, pricing, budgeting, and client coordination within the clinical research industry.
Key Takeaway
Qualification: Bachelor’s degree; MBA preferred
Experience: Preferably 2+ years
Work Mode: Remote
Industry: CRO / Clinical Research
Core Skills: Proposals, contracts, budgeting, pricing, Excel, communication, stakeholder management
Estimated Salary: ₹6–10 LPA depending on experience and profile
Best Suited For: Candidates with CRO, clinical research, finance, project support, proposal, or contract-management experience
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