Associate Director, Strategic Procurement

Position Summary

The Associate Director, Strategic Procurement is responsible for strategic sourcing, outsourcing, procurement, and financial oversight of clinical studies and other Research & Development (R&D) activities. This role serves as a key business partner to Clinical Operations, Development, Regulatory, Medical Affairs, Finance, and other R&D functions, ensuring effective management of external spending, optimization of vendor relationships, and financial stewardship of R&D investments.

• Develop outsourcing strategies and plans for R&D departments, with focus on Clinical Studies, in alignment with Strategic Procurement policies, corporate objectives, industry best practices and input from internal SMEs.
• Act as lead point of contact for R&D financial needs including procurement.
• Lead competitive sourcing initiatives, RFP development and bid analysis.
• Evaluate outsourcing models and provide recommendations that balance quality, timelines, operational feasibility, and financial impact.
• Provide input into the negotiation of financial business terms and conditions, and manage all R&D contracts in close cooperation with the other departments.
• Support and coordinate discount programs with key vendors.
• Assist in negotiating vendor business terms in contracts such as scope, price, payment terms, and service level agreements.
• Develop and maintain forecasts for clinical programs and other R&D activities, providing visibility into projected spending, risks, and opportunities.
• Monitor actual spending against budget and forecast, identify variances, and provide actionable recommendations to stakeholders.
• Support monthly and quarterly financial close activities, including accrual calculations, invoice forecasting, and budget reconciliation.
• Analyze resource utilization, vendor spend trends, and portfolio investment requirements to support strategic decision‑making.
• Collaborate with Finance and R&D leadership to develop long‑range planning assumptions and multi‑year development cost projections.
• Support the preparation of executive‑level reporting and dashboards on R&D expenditures, study financial performance, vendor spending, and key financial metrics.
• Champion continuous improvement initiatives that optimize procurement, outsourcing, financial governance, and operational effectiveness.
• Additional duties assigned as needed.

• Bachelor's degree in finance, business administration, life science, or related field of study required. Equivalent combination of education and applicable job experience may be considered. MBA preferred.
• 8+ years of relevant work experience in procurement, outsourcing, contracts, vendor management, clinical operations, finance, or related functions.
• 2 years of experience working in a Clinical Research Organization, biotech, or pharmaceutical industry.
• Demonstrated experience managing clinical study budgets, forecasting, accruals, and vendor financial performance.
• Experience working with Clinical Research Organizations (CROs) and other clinical service providers required.
• Strong understanding of clinical trial cost drivers, study budgeting methodologies, and R&D financial planning processes preferred.

• Embodies Travere's core values:
  Patient‑Inspired, Courageous, Promote Community, and Stronger Together.
• Proficient with Microsoft Office Suite, Agiloft, Coupa and other business specific software.
• Excellent communication skills, both verbal and written.
• Strong financial acumen with the ability to analyze budgets, forecasts, investment scenarios, and cost drivers across clinical development programs.
• Experience with financial modeling, budget management, variance analysis, and executive financial reporting.
• Proven ability to partner and collaborate effectively cross‑functionally.
• Strong organizational and facilitation skills to synthesize data from multiple sources.
• Well organized with the ability to multitask, prioritize and manage shifting responsibilities in a dynamic, cross‑functional teamwork environment with strong attention to detail.
• Successful record of adhering with complex project plans, timelines.
• Ab…