Parexel has announced a new opportunity for the position of Contract Specialist for candidates based in India. This is a full-time remote role with openings for candidates located in Hyderabad, Chandigarh, Bengaluru, Mohali, and Mumbai.
The position is suitable for professionals with experience in proposal development, contract management, project support, finance, pricing, or clinical research operations. Candidates with previous experience in a CRO or similar organization will be preferred.
Parexel Recruitment 2026 – Overview
| Particulars | Details |
|---|---|
| Company Name | Parexel |
| Job Role | Contract Specialist |
| Department | Contracts / Proposal Management |
| Job Location | Hyderabad, Chandigarh, Bengaluru, Mohali, Mumbai |
| Work Mode | Remote |
| Employment Type | Full-Time |
| Qualification | Bachelor’s Degree in Life Sciences, Business, Languages, or Related Field |
| Preferred Qualification | MBA |
| Experience | Preferably 2 Years in Relevant Functions |
| Application Mode | Online |
Job Summary
The Contract Specialist will support proposal development, budget preparation, contract development, pricing activities, and client negotiations. The role involves coordinating with Subject Matter Experts (SMEs), project teams, finance, and other internal departments to prepare accurate proposals and contracts within required timelines.
The selected candidate will also work with internal and external stakeholders to ensure proposals and contracts meet client requirements and Parexel’s internal policies.
Key Responsibilities
Proposal Development
The selected candidate will be responsible for:
- Review and analyze Requests for Proposals (RFPs), including study protocols and project synopses.
- Coordinate with relevant Subject Matter Experts (SMEs) for proposal preparation.
- Support preparation and review of proposals and project budgets.
- Prepare and modify proposal documents based on SME and proposal management feedback.
- Manage the RFP process from receipt through final submission.
- Identify potential risks or barriers affecting proposal timelines.
- Develop appropriate strategies to mitigate proposal-related risks.
- Obtain third-party quotations when required.
- Ensure proposals and budgets align with client requirements and internal assumptions.
- Maintain proposal documentation and ensure information is accurately updated in internal systems.
- Support mapping of client bid grids.
Contract Development
Responsibilities will include:
- Prepare and finalize project budgets and contracts according to company SOPs and work instructions.
- Amend project budgets in collaboration with project and functional teams.
- Use internal tools and reports to make appropriate client budget amendments.
- Develop contract strategies and plans for obtaining client approval and signatures.
- Prepare accurate client deliverables within strict deadlines.
- Provide appropriate rationale for cost changes in client budget grids.
- Participate in relevant internal and client meetings.
- Build effective relationships with internal and external stakeholders.
- Lead or facilitate client meetings related to pricing, contract terms, and negotiations when required.
- Prepare draft contracts using Parexel templates.
- Identify contractual matters requiring input from Finance, Tax, or other internal teams.
- Apply lessons learned from previous contracts to new projects.
- Maintain accurate contract documentation and KPI-related data.
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Additional Responsibilities
The Contract Specialist may also be responsible for:
- Managing workload and prioritizing multiple deliverables.
- Preparing detailed handovers before planned leave.
- Developing proposal and contract plans.
- Meeting internal and client deadlines.
- Maintaining accurate project and contract records.
- Supporting efficient coordination between different functional teams.
Educational Qualification
Candidates should possess:
- Bachelor’s Degree in Life Sciences
- Bachelor’s Degree in Business
- Bachelor’s Degree in Languages
- Equivalent combination of education and relevant experience
MBA is preferred.
Experience Required
Parexel prefers candidates with approximately 2 years of previous experience in one or more of the following areas:
- Project Support
- Finance
- Contract Management
- Proposal Management
- Proposal Development
- Clinical Research Operations
- CRO Operations
Experience in a CRO or similar environment will be an advantage.
Previous experience working in multinational or multicultural organizations is also preferred.
Required Skills
Candidates should have:
- Knowledge of clinical study operational processes.
- Basic understanding of proposal management.
- Knowledge of contract management principles.
- Understanding of contractual terms and pricing structures.
- Knowledge of pricing tools and data systems such as Salesforce.
- Strong analytical and problem-solving skills.
- Excellent time management and organizational abilities.
- Ability to manage multiple tasks simultaneously.
- Strong attention to detail.
- Excellent written and verbal communication skills.
- Strong interpersonal and teamwork skills.
- Ability to lead internal meetings.
- Ability to communicate confidently with different levels of stakeholders.
- Strong Microsoft Office skills, including:
- Microsoft Word
- Microsoft Excel
- Microsoft Outlook
- Databases
- Fluent written and spoken English.
- Ability to work effectively in a matrix organization.
- Ability to prioritize work and meet strict deadlines.
Work From Home Opportunity
This position is advertised as a remote role in India.
Eligible locations include:
- Hyderabad, Telangana
- Chandigarh
- Bengaluru, Karnataka
- Mohali, Punjab
- Mumbai, Maharashtra
The role may require candidates to work irregular or extended hours when necessary to meet client proposal deadlines.
Salary Details
Parexel has not disclosed the official salary package for the Contract Specialist position.
The actual compensation may depend on the candidate’s qualification, relevant experience, location, proposal and contract management expertise, and interview performance.
Career Opportunity
This role offers professionals the opportunity to develop expertise in clinical research proposals, contract management, pricing, budgeting, client negotiations, and CRO operations.
Candidates can gain experience working with global clinical research projects and cross-functional teams while developing skills that can lead to future opportunities in Contracts, Proposal Management, Project Management, Business Operations, and Clinical Research Services.
How to Apply
Interested and eligible candidates can apply online through Parexel’s official careers portal.
Candidates should ensure their resume highlights relevant experience in:
- Proposal Development
- Contract Management
- Budgeting and Pricing
- Finance
- CRO Operations
- Clinical Research
- Project Support
- Client Communication
Frequently Asked Questions (FAQs)
What is the job role at Parexel?
Parexel is hiring for the position of Contract Specialist.
Is this a remote job?
Yes. The position is offered as a remote role in India, subject to job requirements.
Which locations are eligible?
The listed locations are Hyderabad, Chandigarh, Bengaluru, Mohali, and Mumbai.
What qualification is required?
Candidates should have a Bachelor’s Degree in Life Sciences, Business, Languages, or an equivalent qualification. An MBA is preferred.
How much experience is preferred?
Approximately 2 years of experience in project support, finance, contracting, proposals, or related CRO functions is preferred.
Is CRO experience required?
CRO experience is preferred but the job description also considers candidates with relevant experience in project support, finance, contracting, or proposals.
What are the main responsibilities?
The role primarily involves proposal development, budget preparation, contract development, pricing, client negotiations, RFP management, and coordination with internal and external stakeholders.
