Sr Manager, Business Operations Cost Management

$129,800 - $211,800/Yr

Regeneron Pharmaceuticals - Basking Ridge, NJ

Full-time - Mid Level

Remote - Basking Ridge, NJ

Professional, Scientific, and Technical Services

About the position

The Senior Manager, Business Operations Cost Management at Regeneron Pharmaceuticals is responsible for overseeing cost management activities related to clinical trials. This role involves providing critical business operations support to various functional leadership teams, including Development Operations and Portfolio Management, Procurement, and Finance. The Senior Manager will analyze and measure costs, productivity, efficiency, and quality to facilitate informed decision-making within the clinical development portfolio.

Responsibilities

• Understand how CROs apply their algorithms to support analyses regarding resourcing, cost, and assumptions at the functional level and by activity.
• Support and drive the continuous improvement of business analytics that provide prospective and retrospective measurements of cost, productivity, efficiency, quality, and compliance.
• Support Procurement and Clinical Study Managers in verifying and challenging clinical study resourcing and cost estimates and assumptions at study and program levels.
• Analyze and provide data to enable comparisons of the credibility and overall competitiveness of study assumptions and cost estimates for new study proposals.
• Support tracking of data to help identify trends around costs and assumptions across vendors and therapeutic areas.
• Model impact of changes in assumptions on cost and resource estimates.
• Contribute to driving continuous improvement in costing and process efficiency in collaboration with strategic vendors, study teams, Procurement, and Finance.
• Provide data and analyses and recommendations to support development of assumptions and cost criteria baselines for use during the study proposal review process.
• Conduct and support study level scenario analyses applying vendor algorithms.
• Support Business Operations with department deliverables related to Cost Management.
• Provide support to teams and others in preparation for and follow-up to OPRB Meetings.

Requirements

• Minimum of a Bachelor's degree in a relevant field.
• 8-10 years of relevant industry-related experience in Biotech/Pharmaceutical/CRO.
• Solid understanding of all operational processes required to deliver a clinical development program from first-in-human to post-approval.
• High attention to detail and excellent analytical and financial skills.
• Problem-solving abilities, troubleshooting, and resourcefulness.
• Demonstrated effective influencing and negotiating skills, good interpersonal and leadership skills.
• Experience with CRO and vendor bid grids.
• Effective communication and interpersonal skills; ability to build relationships internally and externally.
• Proficiency in Microsoft Office applications.

Benefits

• Health and wellness programs
• Fitness centers
• Equity awards
• Annual bonuses
• Paid time off for eligible employees