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Mechanics Bank · 1 month ago

Contracts Negotiator

Irvine, California

Full-time

Onsite

Mid Level

$72K/yr - $119K/yr

3+ years exp

Mechanics Bank is currently searching for a Contracts Negotiator to join their team. This role involves working closely with business partners to define and document contract requirements, drive contract negotiations, and ensure compliance with Bank policies and legal requirements.

BankingFinancial ServicesWealth Management

Responsibilities

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 facilitates and maintenance of accurate contract records and vendor relationships

Performs all other job duties as assigned by supervisor

Qualification

Contract negotiationContract managementVendor managementMS Office proficiencyContract management softwareAnalytical skillsProfessionalismTime managementCommunication skillsOrganizational skills

Required

Bachelor's degree in Business, Finance, or related field required and 3+ years of professional contract management, contract negotiation, or IT vendor management experience

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%)

Ability to read, analyze, and interpret and drive enforcement of contract language and provisions, 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

Ability to effectively present information and respond to questions from groups of managers, clients, customers

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

Preferred

Law degree or experience highly preferred

Benefits

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)