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Contract Manager I

2 months ago

Atlanta, Georgia, United States Bank of America Full time
About the Role

We are seeking a highly skilled Contract Manager to join our team at Bank of America. As a key member of our Contract Management team, you will play a critical role in negotiating and administering complex contracts with our clients.

Key Responsibilities
  • Apply industry expertise and knowledge of treasury management products to address related credit, risk, compliance, legal, operational, and business issues with our clients.
  • Draft, negotiate, review, and administer complex, high-value, multifaceted contracts, working closely with business stakeholders and external clients.
  • Facilitate communications among sales, implementation, product, operations, compliance, risk, credit officers, legal staff, and client managers to promptly resolve documentation issues.
  • Perform analytic, legal, and business reviews of contractual language in contracts, schedules, and amendments and develop general, special, and operational provisions in contracts to ensure maximum benefit to the company and to limit risk.
  • Apply strong verbal and written communications skills to represent Bank of America in negotiations and communications with clients, stakeholders, and internal/external counsel at all levels of management.
  • Conduct contract administration duties, including contract request receipt, contract documentation, execution, and record-keeping, ensuring the smooth flow of contract execution and administration.
  • Develop strategies to resolve and manage potential problems on major contracts to effectively meet organizational goals and objectives.
  • Assess and advise business personnel of contractual issues and business risks associated with contracts to eliminate unnecessary liability, ensure compliance, and reduce legal entanglements.
  • Serve as an expert resource, reinforcing, advising, and instructing company personnel on corporate policy, compliance, and legal requirements, documentation standards, and options and procedures related to developing contractual arrangements.
Requirements
  • Strong communicators who value giving and receiving feedback, can easily build relationships, and who are quick thinking, flexible, and always learning and sharing knowledge.
  • Broad knowledge of and comfort working with complex legal documentation (contracts).
  • Excellent analytical, verbal, and written communications skills.
  • Savvy negotiation skills, able to conduct negotiations effectively, balancing competing objectives to achieve optimal results.
  • Strong project management and process skills, able to handle a full workload with tight deadlines and manage competing priorities.
  • Demonstrate organizational and prioritization skills to manage numerous competing, complex documentation assignments.
  • Exercise sound judgment and independent decision-making, including knowing when to escalate contract matters and issues to managers and/or attorneys when appropriate.
  • Ability to maintain objectivity in balancing bank risk with client needs and satisfaction.
  • Reliability, discretion, and ability to handle sensitive information and maintain confidentiality.
Preferred Qualifications
  • Undergraduate/graduate degree required with Juris Doctorate degree, paralegal/technical contract training, or equivalent work experience preferred (minimum three years).
  • Previous financial services industry experience in corporate or commercial banking.
  • Previous legal experience a plus.
  • Knowledge of company legal structures, e.g., sole proprietorships, partnerships, limited partnerships, LLCs, corporations, trusts, etc.
  • Familiarity with transaction banking products.