Contracts Specialist

Detailed Job Description: 
Client: Banking and Financial
Role: Contract Specialist
Duration: 6 Months 
Location:  North York, ON M2J 5C2 Hybrid 
Pay Rate: $45.00-48.00 /hr 
 
The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan, life insurance, long-term disability insurance, short-term disability insurance, paid parking/public transportation, (paid time , paid sick and safe time , hours of paid vacation time, weeks of paid parental leave, paid holidays annually - AS Applicable)
 

Description:

• Support the business in engaging consulting services in a timely manner, and serve as a knowledgeable source on GSM processes and policies


• Support the business with sourcing, including supplier assessments and selections through competitive RFx activities


• Lead contracting process, including template selection, drafting, negotiating, and executing agreements; review and manage the redlining of contracts using toolkits and defined escalation paths


• Perform contract analysis as needed and advise Strategic Sourcing and Category managers on key contract considerations during the sourcing process; identify risks, constraints, and opportunities


• Engage relevant stakeholders in negotiation decisions involving legal or regulatory requirements or contract standards; coordinate approval process and sign off through tcompliant contract execution


• Seek opportunities to increase value for the business, whether through cost savings, contractual terms that drive value, process efficiencies, speed market, risk mitigation, or other innovative means to drive competitive value.


• 
  Bring external insights, innovative ideas, and an enterprise view on market trends, competitive landscape, value generation, and strategic sourcing opportunities.
  


• Assess engagements through a risk lens. Advise business partners on potential risks and take steps to mitigate any risks the company faces; alert relevant stakeholders and SMEs to potential third-party and contractual risks


• Ensure that contracts, supporting documents, and contract metadata are properly entered into organizational databases and securely maintained


• Provide proactive, clear, and regular status updates to Sourcing and Category managers and Business Partners


• Act as a point of contact for select business partners


• Develop Cost-Benefit Analysis and support the value measurement process through cost savings validation.


• Perform ad hoc financial or other analysis on internal and external data as needed; contribute to reporting and presentations for business customers and GSM stakeholders as needed


• Maintain and promote the Blue Box Values by ensuring that work is completed to the highest professional, legal, and regulatory standards, and that the activities subject to review/procurement comply with the Company's stated business ethics

Job Qualifications:

• Experience conducting RFx and or Contracting for Marketing & Promotion engagements- Media Creative, Experiential, Public Relations, Market Research, etc.


• Understanding of risk management and mitigation, a plus if within a regulated financial/banking environment


• Skilled results-driven negotiator


• Positive, “can do” attitude; ability to work in a fluid, fast-paced, and at times unstructured environment, maintaining flexibility to meet the changing needs of the customers, business units, and organization


• Strong problem-solving skills, takes proactive steps to overcome obstacles, loops in the appropriate subject matter experts, and keeps projects on track and moving forward


• A self-starter assumes accountability and manages multiple priorities


• Strong teamwork skills and commitment to collaborating and partnering with customers, colleagues, and key stakeholders to deliver high-quality results


• Strong project management discipline and experience managing complex projects from ideation through execution


• Proven track record of data analysis to develop insights and recommendations, solve business challenges, improve customer experience, and achieve bottom-line results


• Excellent relationship management, communication, and organizational skills; ability to communicate professionally with executive-level stakeholders


• Experience working on cross-functional and/or global teams and the ability to demonstrate a collaborative mindset


• Proficiency with MS Excel and PowerPoint; experience with Ariba, Conga, and Service Now is a plus


• Understanding of contracting/procurement/sourcing function; experience in a risk environment is a plus


• M.B.A / B.S. / B.A.


• Minimum: 3 years of relevant professional experience is required in managing contract management