About this Contract Manager II role at Truist
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Responsible for reviewing, drafting, and negotiating supplier contracts between Truist entities and external suppliers and service providers. Provide guidance and effective challenge as a first line of defense control function for the implementation of processes and the negotiation of the corporation’s contracts with its suppliers.**Candidate must have a Master's degree or J.D.**
LOCATION:
** Truist in-office requirement is 5 days per week**
Please note: candidate must be located in the following location:
Charlotte, NC
Atlanta, GA
No remote or telecommute option
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Prepare, analyze and negotiate various agreement types including: Statements of Work, Schedules, Software as a Service Agreements, Software Licensing Agreements, Hardware Acquisition and Support Agreements, Amendments, Change Orders and Non-Disclosure Agreements. Represent Truist in negotiations with external suppliers and supplier’s legal or contract representative.
2. Work closely with legal, sourcing and risk experts to ensure sourced supplier contracts are structured with appropriate risk allocation provisions and mechanisms to assure the supplier’s performance meets Truist’s business objectives within the agreed costs and schedules.
3. Work within the framework of regulatory guidance and company policies to ensure supplier contracts are compliant with law and regulation, and within Truist risk appetite.
4. Maintain a strong working knowledge of internal guidelines related to supplier contracts, and customize contract language within those guidelines to address specific business issues.
5. Escalate complex legal issues to Truist Legal and assist in resolution.
6. Interpret contractual language and advise stakeholders on legal and commercial risks, along with best practices for risk mitigation.
7. Provide authoritative guidance to internal business teams on corporate goals and objectives relating to contract activity.
8. Draft contract summaries detailing material deviations from Truist standards.
9. Host meetings with Service/Supplier Manager to review contract summaries and ensure the end-user’s understanding of business and legal terms, including service levels.
10. Develop and maintain strong relationships with internal clients, sourcing teammates, Truist Legal, and suppliers to advance negotiation strategy for supplier contracts.
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s degree and 5 years related experience; Master’s degree or J.D. and 2-3 years of related experience
2. Proven ability to work in a fast-paced environment, managing a high volume of work in a timely manner
3. Legal aptitude and understanding of relationships between and among contract provisions
4. Strong relationship management skills and the ability to gain trust and confidence of senior leaders within organization
5. Excellent interpersonal and problem-solving skills
Preferred Qualifications:
1. Prior experience with Ariba, Archer, and EGRC
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
