Clinical Fair Market Value Analyst

Additional Location(s): US-MN-Arden Hills; US-CA-North Bay; US-CA-Oakland/East Bay; US-CA-Orange County; US-CA-Sacramento; US-CA-San Bernardino/Palm Springs; US-CA-San Bruno; US-CA-San Clemente; US-CA-San Diego; 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-Valencia; US-CA-Ventura County; US-MA-Bedford; US-MA-Boston; US-MA-Burlington; 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: 592995

Minimum Salary: $56500 

Maximum Salary: $107300 

The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) – see www.bscbenefitsconnect.com--will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.

Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).

Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements.

For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!

At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve. 

Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identify, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.

Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status.  Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment.  Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements.   As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company’s policies or protocols change with regard to COVID-19 vaccination.