Contract Specialist

1 week ago

Rancho Santa Margarita, California, United States Applied Medical Full time

Job Summary:

We are seeking a highly skilled Contract Specialist to join our team at Applied Medical. As a Contract Specialist, you will play a critical role in facilitating, managing, and overseeing the contract process from initial proposal to final execution.

Key Responsibilities:

  • Draft and revise distribution, product supply, and pricing agreements.
  • Review and redline terms and conditions on company and customer agreement templates.
  • Work closely with the company legal team to assess legal terms and conditions.
  • Negotiate contract terms and conditions with customers and their legal teams.
  • Provide creative contracting and process solutions to solve unique problems while mitigating risk to the company.
  • Consult with Risk, Regulatory, Credit, and Customer Relations teams as needed.
  • Provide guidance to the Sales team regarding contracting strategies.
  • Provide regular status updates to internal teams for contracts in process.
  • Oversee the signature process utilizing an electronic signature system.

Additional Responsibilities:

  • Manage existing agreements and workflows.
  • Manage a high volume of sales contract documents using a contract management system (CMS).
  • Reconcile and maintain contract details and milestones using a contract management system (CMS) and SAP.
  • Track and manage contract life-cycle including renewals, expiration dates, and key contract milestones.
  • Recommend changes to contract language and processes.
  • Assess the need for contract amendments, addendums, and notices letters.

Requirements:

  • Bachelor's degree or equivalent experience with strong academic credentials.
  • More than two years of full-time experience in a contract specialist position or a related role.
  • Possesses outstanding organizational skills, attention to detail, and project management skills.
  • Extensive knowledge of Microsoft Office, specifically using Word to document properties, comparisons, and track changes.
  • Experience using a contract management system (CMS) or a contract life-cycle management (CLM) system.
  • Knowledge of standard contract terms and conditions with strong contract drafting, reviewing, and editing skills.
  • Interpret contract provisions and provide high-level summaries of contract terms.
  • Excellent written and verbal communication skills.
  • Exemplary critical thinking and analytical skills.
  • Highly motivated self-starter and ability to work independently as well as within the framework of a team.
  • Coordinate multiple projects and prioritize workload.
  • Professional demeanor and reliable work ethic.
  • Desire to learn and make suggestions to improve efficiencies and form creative solutions.

Preferred Qualifications:

  • Paralegal experience a plus.
  • Experience with Adobe Acrobat.
  • Skilled at using SAP Ariba.
  • Familiarity with the medical device industry or the healthcare contracting landscape, including Group Purchasing Organizations (GPOs) and Integrated Delivery Networks (IDNs).

Benefits:

We offer a competitive compensation range, comprehensive benefits package, training and mentorship opportunities, on-campus wellness activities, education reimbursement program, 401(k) program with discretionary employer match, and generous vacation accrual and paid holiday schedule.

Please note that the compensation range may be adjusted in the future, and bonus and incentive compensation plans may apply.

Our total reward package reflects our commitment to employee growth and well-being, as we invest in your development and offer a range of benefits designed to enhance your career and life.

All compensation and benefits are subject to plan documents and written agreements.

Equal Opportunity Employer

Applied Medical is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), or sexual orientation, or any other status protected by federal, state or local laws in the locations where Applied Medical operates.

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