Contracts Manager
The Contracts Manager works closely with business partners throughout the Bank to define and document contract requirements, draft new agreements, amendments, addenda, change orders, and terminations, etc. Drives contract negotiations, contract administration, and vendor contact activities to ensure proper contract execution and fulfillment in accordance with Bank policies, legal requirements and business partner specifications. Participates at a significant level in defining and drafting new processes and controls to help the Bank more effectively manage overall vendor costs, improve vendor delivery and service levels, and strategically plan for vendor decisions in a timely manner. Advises management of contractual rights, issues and obligations by providing sound interpretation of terms and conditions
What you will do:
Ensures contract terms and conditions address primary business risk areas, such as indemnification, limitations of liability, and confidentiality, are addressed in the best interest of the Bank.
Synthesize diverse perspectives to arrive at actionable contract decisions and formally document decisions, risks and concessions.
Maintain the status of assigned vendor contracts and engages business owners during the contract lifecycle to ensure all milestones, including SLAs, termination/renewal notifications, and/or replacement decision dates are properly met.
Provides guidance to business partners on the development of Service. Level Agreements and ensures meaningful remedies and recourse are included in all contracts.
Negotiates terms of select contracts within Bank legal, risk, and financial parameters while ensuring vendor contracts meet all compliance regulations and internal policies.
Compiles, analyzes and maintains vendor contract information to provide periodic reporting to various internal business partners, committees and regulators.
Provides interpretations of vendor contracts and render opinions on contract terms to business partners and management.
Prepares & analysis reports, spreadsheets and data (including spend information) to facilitate s and maintenance of accurate contract records and vendor relationships.
Performs all other job duties as assigned by supervisor.
Travel required: 10-20%
Who You Are:
4 year Bachelor's Degree preferred.
2 years minimum Experience in Business, Finance, law, or related field preferred.
Contract or IT Vendor Management Experience required.
Proficient with MS Office suite and Internet.
Strong PDF editing and aggregation and Excel skills.
Expert knowledge of contracts negotiation and execution.
Expert knowledge of advanced and highly complex contracts including dispute resolution.
Must be able to read, interpret and enforce contract language, including rendering opinions on risk to executive management and legal counsel.
Knowledge and familiarity with contract management systems/software.
Ability to be a champion and agent for change.
Demonstrated capacity for strategic process improvements.
Excellent verbal and written communication skills with strong analytic ability.
Possess effective time management and organizational skills.
Able to cope with pressure resulting from meeting required deadlines and reporting requirements. Exemplary motivation, enthusiasm, and professionalism.
Consistently demonstrate tact, discretion and good judgment. Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive information. Must be able to travel throughout bank’s footprint to perform required duties (less than 25%).
LANGUAGE SKILLS:
Ability to read, analyze, and interpret and drive enforcement of contract language and previsions, including rendering opinions on risk to executive management and legal counsel.
Excellent verbal and written communication skills with strong analytic ability and extensive attention to detail.
Strong PDF editing and aggregation and Excel skills.
Ability to effectively present information and respond to questions from groups of managers, clients, customers.
MATHEMATICAL SKILLS AND REASONING ABILITY:
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.
Ability to interpret a variety of instructions furnished in written, oral, or schedule form.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
ADA Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 10 pounds.
Specific vision abilities required by this job include close vision.
The noise level in the work environment is usually moderate.
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Pay Range: $80,000 - $120,000 annually
AIP/Bonus: up to 10%
Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire.
Benefits package includes[1]:
Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)
Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.
Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.
Please view Equal Employment Opportunity Posters provided by OFCCP here.
To learn more about Mechanics Bank’s California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit
California Privacy Policy for Prospective Employees | Mechanics Bank
[1] The benefits listed in this job posting reflect the Bank’s most reasonable and genuinely expected benefits offered for this position.