Procurement Contract Manager

Company: MassMutual
Location: Hartford
Posted on: November 12, 2024

Job Description:

Procurement Contract ManagerProcurement TeamFull-time Springfield, MA or Boston, MAThe OpportunityDo you thrive in a fast-paced environment where you have wide latitude to make impactful decisions? - Does the idea of coordinating among business owners, legal, IT and others to develop effective commercial contracts interest you? - Do you enjoy a role that offers a wide variety of responsibilities, and "something new every day?"MassMutual is hiring for an experienced business professional with substantial contract drafting and negotiation experience. - This role involves understanding the underlying business problem and resulting transaction, working with internal stakeholders to gain their input and approvals as necessary, explaining deal terms and risks to the internal engagement manager, and negotiating terms directly with the supplier. - You will have a deep support structure in our transformed Procurement organization - including Category Management and Supplier Relationship Management, among other dedicated functions.The TeamOn the MassMutual Procurement team, we have a goal to enable MassMutual's mission and vision by providing the right supplier solution at the right time. - Our mission is to streamline the procurement process, align supplier partners to meet business needs and continuously increase the value provided to our policyholders.The ImpactOn a day-to-day basis, the Contract Manager will orchestrate multiple simultaneous projects which will require excellent communication, organization, time management, and problem-solving skills. You will be relied upon to negotiate and draft contractual positions based upon documented standards, commensurate with the specifics of each commercial deal, and with the support from legal, IT, and enterprise risk, among others.In addition, your responsibilities will include providing support to the Contract Compliance Practices Consultant for matters relating to updates and usage of our contract templates. -Your day to day would look like but is not limited to:

• Assessing transactions and developing deal strategies. You will work closely with business partners and internal stakeholders to understand their needs, determine the risks and design appropriate execution plans.
• Drafting and/or redlining contracts to ensure that MassMutual is adequately protected from risks by relying upon your skills to assess the impact of deviations from standards and engage internal stakeholders when required.
• Understanding the business drivers behind transactions assigned to you and developing an execution plan.
• Communicating with fellow associates, leadership, and third parties. You will regularly communicate with internal stakeholders including the line of business, legal, compliance and data security groups to assess risks specific to each transaction.
• Negotiating with suppliers to produce contracts that adhere to MassMutual contracting standards and meet business objectives.
• Driving transactions to completion in a timely manner.
• Collaboration and knowledge sharing with teammates and colleagues on complex negotiations
• Working closely with the larger Procurement team, and stakeholders as appropriate.The Minimum Qualifications
  • Bachelor's Degree
  • 7+ years of experience in contract evaluation, drafting and negotiation/redlining
  • 7+ years of experience managing supplier engagements and/or engaging with procurement-related functionsThe Ideal Qualifications
    • Acute attention to detail
    • Superior written and verbal communication skills
    • Business acumen and critical thinking
    • Juris Doctorate
    • 4+ years of experience with IT and technology related contracts including Software as a Service (SaaS), hardware, software licensing, IT professional services, etc.
    • 10+ years of experience developing and executing contracting and negotiation strategies
    • 10+ years of experience managing supplier engagements and/or working with a variety of procurement-related functionsWhat to Expect as Part of MassMutual and the Team
      • Regular meetings with the Procurement Contracts Team
      • Focused one-on-one meetings with your manager
      • Access to mentorship opportunities
      • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
      • Access to learning content on Degreed and other informational platforms
      • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits#LI-DM2MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
        
        If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

Keywords: MassMutual, East Hartford , Procurement Contract Manager, Executive , Hartford, Connecticut