Clinical Study Budget

Description:

The Research Institute of the McGill University Health Centre (RI-MUHC) is a world-renowned biomedical and hospital research centre affiliated with the Faculty of Medicine at McGill University. Based in Montreal, Quebec, RI-MUHC is dedicated to advancing scientific discovery and innovation in patient-centered medicine. The institute seeks a Clinical Study Budget & Contract Negotiation Specialist to lead budget development and negotiation for complex, high-value clinical studies.

Key Responsibilities:

Budget Development & Coverage Analysis (45%)

• Translate clinical trial protocols into comprehensive budgets aligned with Fair Market Value (FMV) benchmarks.

• Conduct detailed coverage analyses to distinguish sponsor-billable procedures from standard-of-care services.

• Utilize standard medical coding systems (diagnosis and procedure codes) for accurate cost benchmarking.

• Incorporate overhead, staffing, and institutional cost recovery requirements into budgets.

• Document FMV sources and coverage analysis for audit readiness.

• Collaborate with departments including study teams and the grant office.

• Provide advice to the contract office to ensure all financial and legal clauses are accurately included in agreements.

• Support principal investigators (PIs) with budget reviews for investigator-initiated studies and coordinate with the pre-award team.

Sponsor Negotiation (45%)

• Serve as lead negotiator with sponsors for high-value, multi-phase clinical studies (Phases I–III, both oncology and non-oncology).

• Defend institutional costs using FMV data and historical benchmarks.

• Secure favorable financial terms, including payment schedules and minimized holdbacks.

• Track and report key negotiation performance indicators (KPIs), such as negotiation cycle time and cost recovery margins.

Documentation, Compliance & Insights (10%)

• Maintain audit-ready documentation for FMV and coverage analysis.

• Analyze negotiation outcomes to refine internal pricing models and strategies.

• Provide data-driven insights to management for continuous improvement.

Education and Qualifications:

• Education: Bachelor’s or Master’s Degree in Finance, Business, Health Administration, or a related field.

• Experience: At least 5 years in clinical research budgeting and sponsor negotiation.

• Skills Required:

  • Expertise in FMV principles, coverage analysis, and clinical research operations.

  • Knowledge of standard medical coding systems for research budgeting.

  • Strong negotiation skills with proven measurable outcomes.

  • Excellent communication and diplomacy skills; bilingual (English/French) preferred.

Working Conditions:

• Work Hours: 8:30 a.m. to 4:30 p.m., Monday to Friday (35 hours/week).

• Work Sites: Glen Site and Montreal General Hospital.

• Status: Full-time, contractual position.

• Not a hospital position.

Compensation & Benefits:

• Competitive salary range from $55,692 to $103,412 annually (based on experience).

• 4 weeks of vacation, increasing to 5 weeks after 5 years of service.

• 12 paid personal/sick/family days per year.

• 13 paid statutory holidays.

• Comprehensive group insurance plan, including gender affirmation coverage.

• Defined benefit government pension plan (RREGOP).

• Telemedicine access and employee assistance programs.

• Professional development and training opportunities.

• Discounts on transportation and retail (OPUS + Perkopolis).

• Flexible work options and recognition programs.

• Access to childcare centres.

• Competitive monthly parking rates.

Equal Opportunity Statement:

RI-MUHC is strongly committed to equity, diversity, and inclusion. Applications are encouraged from racialized groups, visible minorities, women, Indigenous persons, persons with disabilities, ethnic minorities, and 2SLGBTQIA+ individuals. Accommodations are available during the application process upon request.