Business Operations Analyst FSP - Hybrid in Cambridge office or Philadelphia office

Job Summary:

We are seeking a detail-oriented Business Operations Analyst to support Clinical Operations through contract management, financial planning, and data analysis. This role serves as a key liaison between FP&A, Procurement, Suppliers, Clinical Operations, and Vendor Management teams.

This is a hybrid remote and office based role that will require 2 days in office in Cambridge US location or Philadelphia US location.

Key Accountabilities :

Contract & Purchase Order Management

• Partner with FP&A, Procurement, Suppliers, and Clinical Operations to ensure accurate, transparent, and timely contract and purchase order creation

• Collaborate with Clinical Portfolio Management Vendor Management to enter contracts, track purchase orders, and manage change orders for Functional Service Provider (FSP) engagements

• Maintain comprehensive documentation and tracking systems for all contractual agreements

Financial Planning & Analysis Support

• Support the Clinical Business Operations team with budget development, forecasting, and long-term planning activities

• Generate variance analyses for projects, identifying trends and potential issues

• Provide decision-making support through data-driven insights and recommendations

• Develop forecasting models and scenario planning tools (e.g., what-if analyses, budget impact assessments)

Reporting & Analytics

• Create and distribute regular reports including:

• FTE (Full-Time Equivalent) reporting

• Financial variance reports

• Custom ad-hoc reports as needed

• Ensure reporting accuracy and timeliness to support business decisions

Data Management & Systems

• Lead or contribute to data mapping projects supporting transitions to new databases and tracking systems

• Maintain data integrity across multiple platforms and systems

• Identify opportunities for process automation and efficiency improvements

Continuous Improvement

• Drive continuous improvement initiatives within the Clinical Business Operations function

• Maintain focus on delivering value-add services relating to resource planning and financial planning

• Recommend and implement best practices for operational excellence

Skills :

• Bachelor's degree in Business Administration, Finance, Accounting, or related field

• 4+ years of experience in business operations, financial analysis, or related role within the clinical research industry

• Strong proficiency in Microsoft Excel and financial reporting tools

• Experience with contract management and procurement processes

• Excellent analytical and problem-solving skills

• Strong attention to detail and accuracy

• Effective communication and interpersonal skills

• Ability to work collaboratively across multiple departments

• Knowledge of FSP engagement models

• Experience with ERP systems and financial planning software

• Project management experience

• Advanced Excel skills (pivot tables, VLOOKUP, macros)

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EEO Disclaimer

Parexel is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to legally protected status, which in the US includes race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.