Contract Manager

3 weeks ago

Oak Brook Illinois, United States Underwriting Solutions Full time
Job Description

Who is Verisk Marketing Solutions?   

Verisk Marketing Solutions helps marketers create exceptional experiences for their customers and prospects by targeting the right person, with the right message, at the right time. We do this with the highest standards for data security and respect for the consumer’s privacy, preference, and permission. Our consumer insights and data solutions are designed to help marketers continuously maintain a real-time view of customers and prospects as those consumer’s profiles and behaviors are changing over time. Whether our customers are seeing a consumer for the first time or have a long-standing relationship with her, we help them improve the reach, timing, relevance, and compliance of every engagement.  We take pride in helping our customers understand and apply our solutions and data to improve their digital marketing strategies in new and creative ways. When our customers win, we win.   

Position Overview  

Verisk Marketing Solutions is looking for an experienced Contracts Manager to join our operations team. The Contracts Manager will be a partner to the overall administration of the customer contract request processes, working closely with the commercial and business teams across VMS. This position also collaborates with the corporate Verisk teams to ensure compliance with policies and procedures relating to contract requests and negotiating best practices.   

As a front-line negotiator, you will find creative solutions that meet both Verisk Marketing Solutions and its customers’ business and legal needs. This position requires coordination with various stakeholders and subject matter experts in the legal department, compliance, product marketing, finance, as well as other groups to help drive transactions to successful completion within the required time frame. You will also maintain and enforce contracting policies including approval procedures for non-standard terms and pricing, assist the sales force with on-going administration of client contracts, advise management on contractual terms and risks, and provide training to sales and other departments on contract issues and negotiation strategies. You need to be adept at using your judgment and making sound decisions quickly to facilitate deal execution while minimizing risk to Verisk Marketing Solution’s interests. 

About the Day-to-Day Responsibilities of the Role  

Respond to contract work requests promptly and provide quality, customer-focused support to internal/external customers.  

Manage the review, drafting and redlining of all contract language - including Data Licensing Agreements, Product Schedules, Amendments, and dispute resolutions.  

Manage clause library, playbooks, training materials and other key configurations to align with evolving business needs.  

Collaborate with and provide direction to internal teams to ensure contract terms are consistent with Verisk Marketing Solution’s business, financial, and risk management objectives 

Consistently anticipate and guard against potential contractual risks and propose mitigation strategies 

Identify opportunities to streamline negotiations and educate customers and colleagues 

Provides recommendations relating to any exceptions or items of concern or caution and contributes to their negotiation.  

Interface with the corporate legal, finance and other supporting cross functional organizations to answer questions and resolve issues related to legal issues in support of transactional business.  

Provide management with insightful observations and suggestions for improvement that can be achieved through contractual language and/or process improvement.  

Maintain positive relationships and help to ensure the satisfaction of existing customers for the purpose of maintaining or growing their revenue base with Verisk Marketing Solutions 

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