Contract Specialist

Binding Minds Inc. (Certified Disability Owned Business Enterprise); Boston (MA); On-site; USD 75,000 - 105,000; Full time

Job summary

Binding Minds Inc. seeks a Sourcing Analyst to join the Enterprise Sourcing team in Finance & Administration. You will review, draft, redline and negotiate supplier agreements (NDAs, MSAs, SOWs) and support category management across professional services, IT and operations.

The role emphasizes cost savings, supplier relationships and Third Party Risk Management. You should be comfortable working with procurement software, MS Office, Workday and Docusign, and communicate clearly with internal

Qualifications

• 2-5 years of supplier contracting experience.
• Experience drafting, negotiating and redlining supplier agreements (NDAs, MSAs, SOWs).
• Knowledge of Data Privacy, AI and Financial Services practices preferred.
• Demonstrated ability to meet KPIs such as cost savings and Days to Pay.
• Proficient with MS Office, Workday, Benchmarking Software and Docusign; AI skills a plus.
• Strong written and verbal communications; well organized with attention to detail.
• Understanding of Third Party Risk Management programs preferred.

Responsibilities

• Drafting, evaluating, and negotiating supplier agreements including MSAs, SaaS, NDA, SOW, DPA, SLA.
• Managing renewals, work orders, terminations and extensions.
• Leading, reviewing and analyzing RFIs/RFPs as required.
• Data analytics linked to strategic category management, including benchmarking activities.
• Recommending and contributing to projects/process improvement initiatives.
• Adaptable and able to work cross functionally with other teams in the supplier lifecycle.
• Understanding of Third Party Risk Management programs preferred.

Skills

Supplier contracting experience

Contract negotiations

Data Privacy

Artificial Intelligence

Financial Services knowledge

Excellent written communications

Verbal communications

Attention to detail

Multitask management

Cross-functional collaboration

Procurement best practices

Tools

Procurement Orchestration Software

MS Office Suite

Workday

Benchmarking Software

Docusign

Job description

• 2-5 years of supplier contracting experience (Licensed Attorneys preferred, but not required)
• Demonstrated ability to manage diverse contract negotiations (Data Privacy, Artificial Intelligence and understanding of Financial Services preferred, but not required)
• Comfortable negotiating supplier agreements with little legal intervention.
• Proven track records when rated against KPIs such as COLA caps, Cost Savings, Days to Pay
• Proficient with Procurement Orchestration Software, MS Office Suite, Workday, Benchmarking Software and Docusign. Comfortable leveraging AI a plus
• Self-motivated; works well independently and capable of taking initiative without prompting
• Excellent written/editorial and verbal communications skills
• Strong attention to detail and well-organized; ability to prioritize and manage multiple projects/contracts simultaneously while delivering superior customer service
• Managed multiple categories or programs simultaneously and has understanding of business practices in the Americas, EMEA and APAC regions
• Understanding of Compliance related requirements for Financial Services Firms in different regions.

Job Description

This role exists within the Enterprise Sourcing team within Finance & Administration and reports to the Manager of Enterprise Sourcing. The Sourcing Analyst will engage in category management and supplier contract review functions, including redlining, direct negotiations and advisory processes. Specifically, the Sourcing Analyst is tasked with supporting department leads to manage their supplier complement; categories may include professional services, corporate services, operations, information technology and hardware, finance, human resources, research, and marketing. To be successful, the Sourcing Analyst must be able to review, draft, red-line, negotiate and advise on various supplier agreements, including NDAs, MSAs and SOWs and should be comfortable leveraging internal documents as well as reacting to supplier-provided agreements. The Sourcing Analyst should also have an understanding of procurement based principles, such as cost savings/avoidance strategies, deepening supplier relationships, cost of living increases, discount strategies, days to pay and service levels.

Responsibilities

• Drafting, evaluating, and negotiating supplier agreements, including but not limited to MSAs, SaaS, NDA, SOW, DPA, SLA, to name a few.
• Managing renewals, work orders, terminations and extensions.
• Leading, reviewing and analyzing RFIs/RFPs as required.
• Data analytics linked to strategic category management, including benchmarking activities.
• Recommending and contributing to projects/process improvement initiatives.
• Adaptable and able to work cross functionally and collaboratively with other teams in the supplier lifecycle.
• Understanding of Third Party Risk Management programs preferred.