Contract Analyst

First Citizens Bank; Raleigh (NC); Hybrid; USD 75,000 - 110,000; Full time

Job summary

First Citizens Bank in Raleigh, NC is seeking a Contract Manager for a hybrid role to oversee contract execution, renewal, and renewal-related tasks. You will review contracts for risk and business alignment, advise stakeholders, and lead RFx activities from start to vendor selection.

Strong negotiation skills and CLM experience are desired. The position emphasizes collaboration with internal teams, adherence to vendor standards, and timely, accurate contractual solutions that align with risk

Qualifications

• Bachelor's Degree and 2 years of contract structuring experience for services, software, or outsourcing OR a High School Diploma with 6 years of equivalent experience.

Responsibilities

• Manage renewal/expiration queue and interpret contract clauses, terms and liabilities.
• Advise business owners to complete actions before deadlines and recommend contract provisions.
• Collaborate with departments to address contractual discrepancies with standards.
• Develop and lead RFx processes (RFI/RFP/RFQ) for designated areas and act as vendor contact.
• Negotiate less complex contracts and amendments to ensure compliance with procurement policies.

Skills

Contract management

Vendor management

Negotiations

RFx process

Stakeholder coordination

Education

Bachelor's degree

High school diploma

Tools

Icertis

Coupa

Archer GRC

Job description

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

This position is responsible for supporting the Bank and its internal stakeholders by managing the execution, renewal and/or termination of existing contracts, and for reviewing new contracts prior to execution for an assigned group, ensuring contracts are handled according to business needs. This position analyzes contracts and recommends contract provisions and amendments that align with the Banks goals and objectives. This position is expected to deliver outstanding client service while building collaborative relationships with the business team by providing innovative, timely, and accurate solutions aligned to the Bank's risk appetite.

Responsibilities

• Contract Management - Manages queue of contracts coming up for renewal/expiration. Reviews and interprets contract clauses, stipulations, obligations, and liabilities, and works with the business owners to determine and complete actions required prior to the deadline. Makes recommendations to contract provisions, terms, and conditions.
• Business Support - Develops and maintains an understanding of existing vendors, contracts, and business needs. Reviews and interprets contract language and advises internal departments on cost-effective ways to comply with contractual obligations while meeting business requirements. Documents progress and maintains records. Keeps current on amendments to contract laws and makes recommendations on needed changes.
• Relationships - Collaborates with the appropriate department staff on new products and services to address any contractual discrepancies with the Bank's Vendor Contract Standards and general Procurement policies.
• Conduct RFx's - Develops and leads any RFx's (RFI, RFP, RFQ, etc.) for a designated area. Serves as single point of contact for vendors and manages RFx from inception to vendor selection and contract negotiations.
• Contract Negotiations - Works with senior staff, leading negotiations for less complex contracts (MNDAs) and amendments to ensure necessary language is included and that contracts adhere to the Bank's Vendor Contract Standards and general Procurement policies. May participate in negotiating new contracts as assigned.

Qualifications

Bachelor's Degree and 2 years of experience in Contract structuring for services, software, outsourcing services OR High School Diploma or GED and 6 years of experience in Contract structuring for services, software, outsourcing services

Additional Requirements

• Experience with Requests for Proposal (RFPs) and Requests for Quotations (RFQs)
• Contract Lifecycle Management (CLM) experience
• Procure-to-Pay (P2P) experience

Preferred

• Experience with Icertis contract management system
• Experience with Coupa procurement platform
• Experience with Archer governance, risk, and compliance (GRC) platform

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.