Clinical Fair Market Value Analyst

Additional Location(s): US-MN-Arden Hills; US-CA-San Francisco; US-CA-San Jose; US-CA-Santa Barbara; US-CA-Santa Rosa; US-CA-Silicon Valley; US-CA-Stockton; US-CA-Sunnyvale; US-CA-Turlock; US-CA-Valencia; US-CA-Ventura County; US-MA-Bedford; US-MA-Cambridge; US-MA-Lexington; US-MA-Lowell; US-MA-Marlborough; US-MA-Natick; US-MA-Quincy; US-MA-Western/Springfield; US-MA-Worcester; US-MN-Mankato/Rochester; US-MN-Maple Grove; US-MN-Minneapolis; US-MN-Minnetonka; US-MN-Northern/Duluth; US-MN-Plymouth

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.                

About the role:
The Clinical Fair Market Value (FMV) Analyst at Boston Scientific plays a pivotal role in establishing market value rates for study activities as part of the site startup process. This position is crucial in ensuring excellence in FMV operations by developing comprehensive documentation that supports the negotiation of budget parameters with clinical sites. 
This role involves building and reviewing budgets across the globe while adhering to the standards set by global regulatory bodies. Additionally, the Analyst will review escalated fees that exceed established parameters, evaluating site-provided rationale and justification to ensure compliance with organizational standards. 

 

This is a hybrid position (in office minimum three days per week) with the flexibility to be located in Arden Hills or Maple Grove, MN or Marlborough, MA or Valencia, CA. You will have the opportunity to discuss your preferred working location with your Talent Acquisition Specialist.

 

Your responsibilities will include:

• Develop and maintain budgetary negotiation ranges for study activities based on protocol-driven procedures, time, and effort, ensuring alignment with industry standards and global regulatory requirements. 
• Collaborate with the Clinical Trial team, and other cross-functional partners, to identify and implement high-impact solutions that enhance operational efficiency and expedite the budget development process. 
• Review and analyze escalated fees that exceed established parameters, evaluating site-provided rationale and justification for compliance. 
• Utilize risk-based approaches to ensure elite performance in the FMV process, proactively identifying potential challenges and recommending solutions. 
• Communicate effectively with internal and cross-functional stakeholders to ensure smooth and expedient processes, providing clear updates on timelines and potential risks. 
• Monitor market trends and regulatory changes to keep FMV rates competitive and compliant. 
• Participate in the development and refinement of FMV policies and procedures to improve overall operational effectiveness. 
• Assist in training and onboarding new team members on FMV processes and best practices. 
• Maintain accurate and organized records of FMV agreements and negotiations for auditing and reporting purposes. 
• Foster collaborative relationships with internal and cross-functional stakeholders to enhance understanding of FMV processes and promote transparency. 

 

Required qualifications: 

• Minimum Bachelor’s degree in business, finance, or a related field, or equivalent professional experience. 
• Minimum 3 years of experience in market value analysis, ideally within the clinical research or healthcare related field 
• Familiarity with Good Clinical Practice (GCP) and global regulatory standards. 

 

Preferred qualifications: 

• Experience with budget development and site study startup activities in clinical research
• Knowledge of global regulatory requirements and standards relevant to FMV and clinical research
• Proficiency in data analysis tools and software relevant to FMV analysis (e.g. Grants Manager or Grants Plan)

Requisition ID: 592996

 

The expected annualized base pay range this full-time position working at this location will be from $64,600 to $122,700 plus annual bonus (subject to plan eligibility and other requirements) and the value of core and optional employee benefits being offered at BSC, which can be reviewed at www.bscbenefitsconnect.com. At BSC, it is not typical for an individual to be hired near the bottom or