Contract Management Specialist

Reposted 15 Days Ago
Hiring Remotely in USA
Remote
Mid level
Fintech • Payments • Financial Services
The Role
The Contract Management Specialist reviews contracts for compliance, negotiates terms, manages vendor relationships and ensures accurate record-keeping in a remote setting.
Summary Generated by Built In

Connexus Credit Union - Who We Are:

Serving members across all 50 states, Connexus Credit Union is a member-focused cooperative that is proud to return profits to member-owners through high yields for checking accounts and deposit products, as well as competitive rates on our loans. We are a remote first employer with the majority of our employees residing in the upper Midwest.

As an employer we foster collaboration and high performance to achieve excellence. We holistically care for and develop our employees to thrive personally and professionally. We are proud to share our success with our employees and those we serve.

Connexus offers an Amazing Benefits package:

  • 20 days of paid time off and 10 paid holidays
  • 16 hours of paid Volunteer Time Off
  • 401K Retirement with up to 6% employer match
  • Excellent Health, Dental, Vision insurance, including multiple plan options
  • Health Savings Account with generous employer contributions
  • Employer paid Life insurance, Short-Term and Long-Term Disability
  • Tuition Reimbursement from $4,000 - $7,000 per calendar year
  • Robust Learning and Development program that includes an annual professional development stipend

About the Role:

A Contract Management Specialist is responsible for reviewing contracts, ensuring compliance with company policies, and procedures, and off boarding vendors. This role requires exceptional attention to detail to identify risks, negotiate favorable terms, and maintain accurate records. A successful Contract Management Specialist is a self-starter who proactively identifies risks to the organization, builds strong vendor relationships, and supports organizational goals through strategic contract review practices.

Responsibilities:

  • Execute contract lifecycle management through eGRC platform.             
  • Monitor and ensure adherence to contract governance including contract management workflows, signing authority, procedures, and templates while maintaining reviews and revisions of the contracts.
  • Read assigned contracts and create abstracts of the documents so that material terms and any variances to Connexus standards are easy to find.
  • Initial contract review to highlight important terms and document the same in eGRC platform.
  • Advise of contract requirements, obligations, and risks and investigate/follow-up on contracted related issues.
  • Manage new vendor onboarding.
  • Serve as TPRM representative for contract negotiations with new vendors.       
  • Act as primary contact for internal stakeholders to request and receive contracts and related documents.
  • Ensure all contract details are current, accurate, and timely updated.
  • Facilitate discussions with cross-functional teams to ensure all contractual obligations are understood and met.
  • Engage with vendors to negotiate terms, resolve disputes, and clarify contract specifications.
  • Manage accurate vendor details for prospective and current vendors.
  • Assist with TPRM Program Manager with requests such as letters, reports, and project documentation.          
  • With support of People Leader, ensure proper completion and deliverables for exam management.
  • Own vendor off-boarding process (termination letters, data destruction, etc.).
  • Collaborate with finance teams to align contract terms with budgetary goals and cost structures.
  • Develop and improve contract templates, negotiation strategies, and best practices tailored to Connexus strategies and risk appetite.

Position Requirements:

  • This position is Remote.
  • Associates Degree, or commensurate experience is Required.
  • 3+ years of related experience as a Contract Management Specialist or Contract Management Associate is Required.
  • Knowledge of contract management principles, along with knowledge of accounting, finance, and business procedures and practices as they relate to contracts.
  • Demonstrated strong contract development skills including the development and implementation of risk mitigation and performance standards and measures.

Connexus Credit Union's Employer Recognitions:

  • 2024 Best in Class Employer, Gallagher
  • 2025 Best Place to Work in IT, Computer World

Equal Opportunity Employer/Disabled/Veterans/41 CFR 60–1.4, 41 CFR 60-1.35

Top Skills

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The Company
Cincinnati, OH
416 Employees
Year Founded: 1935

What We Do

Our Commitment to Employees:
We foster collaboration and high performance to achieve excellence. We holistically care for and develop our employees to personally and professionally thrive. We are proud to share our success with our employees and those we serve.

Serving more than 477,000 members nationwide, Wausau, WI-based Connexus Credit Union is a member-owned, not-for-profit financial cooperative with $5.0 billion in assets and more than 700 employees. We proudly give back to our members through high yields on deposit products, competitive loan rates, and minimal fees. We’ve been nationally recognized for excellence by Forbes Advisor, NerdWallet, Kiplinger, and Bankrate.

Our organizational values of Integrity, Respect, Synergy, Transparency, and Wellbeing influence all we do. Whether it’s an email from one employee to another, helping a member in a branch, or volunteering in one of the many communities we serve, we interact with dignity, kindness, and professionalism. We strive for transparent, honest dialogue and highly value the collective power of our team.

Our vision is to be a nationally relevant, trusted credit union, providing exceptional experiences and fostering prosperity for those we serve. We strive to earn and maintain our members’ trust and ensure they feel supported and appreciated at every touchpoint. We also support our communities through our philanthropic program, Connexus Cares. Founded in early 2019, Connexus Cares has donated over $12 million to charitable organizations nationwide.

At Connexus, we’re dedicated to sustainable growth while delivering exceptional experiences. We do this, in part, by fostering a culture that values employees as our most important asset.

We’re excited to remain at the forefront of the credit union movement as we continuously demonstrate our values, embrace our digital future, and strengthen our national relevance. Please explore all Connexus has to offer at ConnexusCU.org

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