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CVS Health · 1 month ago

Contracts Senior Manager, Enterprise Procurement Contracts

Woonsocket, RI

Full-time

Hybrid

Senior Level

$75K/yr - $183K/yr

7+ years exp

CVS Health is the nation’s leading health solutions company, dedicated to transforming health care. The Contracts Senior Manager is responsible for drafting, negotiating, and finalizing IT and Non-IT contracts, leading procurement initiatives, and supporting CVS's growth strategy through supplier integration and compliance with corporate policies.

Health CareMedicalPharmaceuticalRetailSales

Responsibilities

Draft, prepare and review contract documents in accordance with established company policies and procedures designed to minimize potential exposure while maximizing benefits

Negotiate all key terms of a variety of contract documents, including but not limited to Legal and business terms to provide the appropriate level of risk mitigation as well as value for the enterprise

Analyze all contract requirements, special provisions, terms and conditions to ensure compliance with appropriate laws, regulations, corporate policies and business unit procedures and requirements

Perform work on special projects as assigned by management with direct line of sight to senior leadership. Implement change and lead larger projects by managing larger group of Contract Analysts to effectuate progress for highly visible engagements

Effectively communicate the importance and intent of all required terms and conditions to both internal and external stakeholders which is crucial to success in this role

Regularly communicate with internal team members and business partners to draft and negotiate pertinent provisions and accurately memorialize specific terms and conditions into appropriate scopes of work, service level agreements, financial incentives, turn-around-times or similar documents

Interact consistently with key CVS subject matter experts from areas such as Legal, Sourcing (both IT and Non-IT), Global Security, Information Governance, Risk Management, Privacy, Tax, various Finance areas i.e. IT Finance, FP&A, External Reporting among others) to ensure all current policies and procedures are reflected in contract documents and vendor communications

Partner with Sourcing colleagues to support development of RFP requests by providing the necessary contractual documentation for participants to review as components of the exercise. Answer questions posed by participants’ legal counsel in the course of RFP negotiations and ensure problematic provisions are introduced to business leaders as key focal points of internal consideration when determining awards

Act as the key point of contact and communication between Legal, finance, senior leadership, and business teams as well as the vendor concerning status and resolution of escalated contract issues and disputes that cannot be resolved at the Negotiator level

Mentor and guide staff where appropriate to drive continuous improvement. Actively support the development of individuals and the team through appraisal, development planning coaching and mentoring

Collaborate with other staff to maintain Enterprise Procurement Process Manual and templates: manages changes to the current Enterprise Procurement Process Manual and templates working directly with other internal stakeholders as necessary

Accurately and comprehensively identify contractual risks and associated dangers (e.g,, limitation of liability, waiver of consequential damages, etc.) for purposes of escalation to Senior Leadership to properly investigate and advise various levels of CVS management on contractual issues thoroughly

Work with various areas of the company Legal, Sourcing (both IT and Non-IT), Information Technology Security Team, Risk Management Dept., Privacy Legal Team, Vendor Assessment Team, Compliance Dept., Internal Audit Dept., Tax Dept., various Finance areas i.e. IT Finance, FP&A, External Reporting to discuss new developments warranting inclusion in contract templates. Lead discussions and revisions to contract language reflecting new requirements and finalize new contract template documents through appropriate internal subject matter experts

Routinely participate in presentations, webinars and roundtable discussions to engage and educate business departments enterprise-wide to promote compliance with Corporate Purchasing and Contracts Policies

Demonstrate established proficiency utilizing all evolving technological tools (e.g., Microsoft Office, Word, Excel, PowerPoint, SAP/Ariba Procure to Pay Suite of Applications i.e. eSourcing, Ariba Contract Management and Ariba Buyer, Skype for Business, Level 3 Webex etc.) to streamline daily tasks and communications

Act as a subject matter expert when presenting to Senior Leadership on complex deal concepts and non-standard provisions requiring executive approval

Act as initial liaison with business units in compliance efforts to enforce adherence to Corporate Contract and Purchasing policies

Manage multiple high visibility, high priority contracts/projects on a regular basis and closeout a variety of initiatives expeditiously with minimal oversight

Work both independently/autonomously and as part of a team to identify and analyze unique contractual relationships and craft terms to best fit the business relationship and protect CVS

Qualification

Contract negotiationContract draftingRisk managementSupplier integrationMicrosoft OfficeAriba Contract ManagementCertified Commercial Contracts ManagerCommunication skillsTeam collaborationMentoring

Required

7+ years of related contract negotiations experience

7+ years reviewing, editing and drafting contractual terms and conditions

7+ years professional experience with Microsoft Office

Ability to prioritize multiple tasks & high volume of contractual negotiations simultaneously

Experience advising senior leadership in a corporate environment

Verifiable Bachelor's degree from an accredited four year college or university required

Preferred

Experience as a recurring user of Ariba Contract Management platform (or similar tool) is highly preferred

Certified Commercial Contracts Manager (CCCM) is a plus

Experience negotiating non-merchandise/indirect commodity purchases of goods and/or services deals/contracts is preferred

Master's degree and/or JD are both highly desired

Benefits

Affordable medical plan options

401(k) plan (including matching company contributions)

Employee stock purchase plan

No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching

Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.