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MassMutual · 1 day ago

Procurement Contract Associate Manager

Springfield, MA

Contract

Onsite

Entry, Mid Level

1+ years exp

MassMutual is seeking a Procurement Contract Associate Manager to join their Procurement team to negotiate commercial agreements. The role involves ensuring compliance with company policies, drafting and reviewing contracts, and collaborating with various departments to support business operations.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

Responsibilities

Understand the business drivers behind assigned transactions and help develop an execution plan

Serve as a central point of contact for each contract, using organizational skills to help ensure deals are negotiated and executed on time

Engage with internal stakeholders (line of business, legal, compliance, data security) to help assess risks specific to each transaction

Draft and redline contracts to help ensure MassMutual is protected from risks, escalating deviations from standards to internal stakeholders as needed via documented escalation paths

Engage in negotiations with suppliers to help produce contracts that meet MassMutual standards and business objectives

Collaborate closely with the Procurement team and other stakeholders

Identify inefficiencies in existing procedures, help uncover bottlenecks, and suggest improvements to streamline contracting processes

Qualification

Contract negotiationContract draftingSupplier engagementDetail-orientedCommunication skillsOrganizational skillsEagerness to learnTime managementCollaborative work

Required

1+ year of experience in contract evaluation, drafting, and redlining contracts and negotiating with suppliers

Bachelor's Degree

OR in lieu of a bachelor's degree, we require High School Diploma or GED and 6+ years of equivalent experience with specifically 2+ years in drafting/negotiating contract terms and conditions and 2+ years in managing supplier engagements

Preferred

1+ years of experience include redlining and negotiation of IT and technology related contracts including but not limited to Software as a Service (SaaS), hardware, software licensing, IT professional services

Detail-oriented with a track record of accuracy

Excellent written and verbal communication skills

Strong organizational and time management skills

Ability to work collaboratively with procurement teams and stakeholders

Eagerness to learn and further develop contract negotiation skills

Benefits

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