Contract Specialist

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 70,000 - 100,000; Full time

Job summary

A leading bank in Canada is seeking a Contract Specialist to provide expertise in contract drafting and negotiation. The ideal candidate will manage supplier documentation, ensure compliance with policies, and maintain contract management systems. This role offers a flexible hybrid work environment to empower your success in delivering meaningful results.

Benefits

Competitive salary and incentive pay

Defined benefit pension plan

Employee share purchase plan

Vacation offering and wellbeing support

Paid day off for personal development (Purpose Day)

Qualifications

• Strong understanding of contract drafting and negotiation.
• Ability to manage contract documentation and vendor relations.

Responsibilities

• Draft and revise agreements using templates, ensuring compliance.
• Coordinate with stakeholders on contract revisions and approvals.
• Maintain and update contract management tools and records.

Skills

Accountability

Attention-to-Detail

Collaboration

Contract Management

Detail-Oriented

Job description

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you’ll be doing

Reporting to the Senior Manager, the Contract Specialist must be able to provide advice and guidance on both routine and complex matters. The ideal candidate for this role should have a strong understanding of contract drafting; negotiation; contract law and demonstrate sound judgment to assist in the recommendation of approaches to resolving strategic or tactical issues.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

How you'll succeed

• Review key business requirements and draft agreements using CIBC templates, as applicable. Review and revise supplier documentation to conform with CIBC required standard terms and conditions;

• Coordinate with supplier and internal stakeholders to draft required revisions to the satisfaction of all parties; Prepare final documentation package to facilitate contract approvals and contract signature and/or countersignature whilst ensuring that requisite due diligence related to vendor verification and spend approvals/limits are obtained) in compliance with CIBC policies and procedures. Prepare final vendor document package to ensure record management requirements are met as required.

• Update contract management tool weekly to ensure deals assigned are reflected on the capacity tracking report used to track deals. Create, maintain and update correspondence logs for each contract. Logs include but not limited to; formal communications, emails etc. Maintain integrity, accuracy, accessibility and reliability of contract documents, data, and information and associated reporting.

Who you are

• You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
• You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail]

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 34th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accountability, Adaptability, Attention-to-Detail, Collaboration, Contract Documentation, Contract Management, Contract Writing, Detail-Oriented, Documentations, Due Diligence, Electronic Records Management (ERM), Formal Communications, Teamwork