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Contract Specialist

Company: SchoolsFirst Federal Credit Union
Location: Tustin
Posted on: January 9, 2021

Job Description:

Position Summary: The Contract Analyst position works closely with the department Manager and business unit owners throughout the Credit Union in the review, tracking, execution and monitoring of vendor contracts. The contract review includes reading, interpreting and redlining contracts, non-disclosure agreements (NDAs), statements of work (SOWs). Essential Job Functions: Reviews analyses, and interprets contracts and other related documents. Suggests contract terms and language that supports organizational objectives, and seeks direction and input from Manager as necessary during contract preparation and finalization. Analyzes contract issues and recommends appropriate course of action. Recommends vendor penalties and incentives, if performance does not meet or exceed established criteria. May work with outside legal counsel to develop and insert appropriate legal protections in complex contracts, as warranted. Develop a knowledge base of contract negotiating strategies and best practices. Identify and recommend improvements to processes, procedures, workflow and organizational structures for contract management. Facilitates communication with multiple cross-departmental functions regarding contract terms and assists in obtaining all appropriate and necessary internal approvals for contract terms and provisions. Provides support in the negotiation of contracts and in the resolution of contract language disputes. Tracks the progress of contract preparation, negotiation, and finalization to ensure contracts are completed in a timely fashion. Ensures that all contracts comply with federal and state regulations and overarching credit union policy. All teammembers must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions. Performs other related duties as assigned or requested.Education:Bachelors degree in Business Administration, Finance, Political Science or closely related field required. Juris Doctor preferred.Experience:Must have at least 3 - 5 years of contract management experienceMust have a minimum of 3 years contract reviewing experience.Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabledby Jobble

Keywords: SchoolsFirst Federal Credit Union, Tustin , Contract Specialist, Other , Tustin, California

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