Contract Negotiation Specialist
2 weeks ago
We are seeking a skilled Contract Negotiation Specialist to join our team at Consolidated Communications. In this role, you will be responsible for overseeing the contract lifecycle for all external vendors, including negotiation, drafting, and management of contracts. Your expertise will ensure that our company secures favorable terms and conditions with suppliers, while also mitigating risks and ensuring compliance with company policies and legal requirements.
Key Responsibilities- Manage the entire contract negotiation process, from initial request and review through negotiation and execution, ensuring adherence to company policies and legal requirements.
- Review, redline, analyze, and negotiate a wide range of contracts, including consulting, service, and software licensing agreements, as well as event sponsorship and hotel agreements.
- Provide support for negotiating terms and conditions with suppliers to ensure favorable terms and conditions, including service level agreements, indemnification, confidentiality, and ownership of materials.
- Review general inquiries from internal stakeholders about agreements and provide analysis and guidance, including aggregation of vendor agreements and types of preferred agreements for the type of service or product required.
- In partnership with Finance/Accounting and procurement teams, create and optimize processes and policies to enable the mitigation of risks.
- Make recommendations for contract templates to be used to streamline the contract process.
- Ensure the full execution of contracts is communicated to all relevant parties to provide contract visibility and awareness.
- Prioritize and allocate resources based on business needs and objectives.
- Manage department key indicators to ensure meeting SLAs.
- Using contract management software and reports, proactively manage the portfolio of contracts.
- Identify and assess potential risks associated with contractual terms, ensuring that contract terms are fair, reasonable, and aligned with the company's risk appetite and escalating to leadership when needed.
- Understand key clauses/terms within supplier contracts to ensure business compliance with contracts and manage business risk.
- Resolve contractual disputes and issues in a timely manner.
- Ensure compliance with all internal, legal, and regulatory requirements.
- Bachelor's degree, with a preference for a degree in Business Administration.
- 8-10 years of experience in contract negotiations, drafting, and process management.
- Proven track record of successful supplier negotiation and contract management.
- Strong analytical and problem-solving skills.
- Excellent negotiation and communication skills.
- Proficiency in contract management tools, along with excellent contract drafting skills.
- Detail-oriented with strong organizational skills.
- Strong familiarity and technical competence with contract management software and/or applicable automated systems, including artificial intelligence.
- Professional certification, such as paralegal certification, Certified Commercial Contracts Manager, Certified Professional Contracts Manager, or Certified Federal Contracts Manager, is a plus.
- Ability to effectively prioritize and execute tasks in a high-pressure environment is crucial.
We are proud to offer a comprehensive and competitive benefits package, including:
- 401(k) matching
- Medical, Rx, Dental, and Vision insurance
- Disability insurance
- Flexible spending account
- Health savings account
- Life insurance
- Tuition reimbursement
- Paid vacation and personal days
- Paid holidays
- Employee Assistance Program
- Annual bonus program to eligible employees based on organization performance
Pay range (commensurate with skills and experience): $74,384 - $112,752
Equal Opportunity EmployerAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity or expression, sexual orientation, national origin, marital status, familial status, genetics, disability, age, veteran status, or any other characteristic protected by law.
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