With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
The Contract Manager is responsible for the preparation, negotiation, and general administration of contractual documents. You will assist in conflict resolution, facilitate third-party due diligence, and follow-up as necessary for completion of engagement requirements.
Responsibilities:
- Responsible for the preparation and negotiation of third-party contracts, including having primary responsibility for the preparation and negotiation of specific assigned contracts. Responsible for maintaining a list of all software programs and the review of hardware and software license & maintenance agreements. Contract Manager may be assigned more complex negotiations and contracting requirements.
- Establishes and maintains the records of third-party engagement including the Sourcing Report and S Drive Folders.
- Assist the Business Unit Relationship Manager in managing third-party relationships including establishing third-party relationships and conflict resolution.
- Assist in the development and maintenance of the Third-Party Risk Management Policy and Procedures for the Contract Administration Group. Maintain a thorough working knowledge of the Third-Party Risk Management Policy and Procedures to ensure compliance with the governance requirements and practices.
- Consult with Legal Services attorneys for contract reviews, legal guidance and changes to required legal documents.
- Work across Business Unit stakeholders to ensure contracts and on-line agreements comply with the Company's policies and procedures, legal requirements, and financial control guidelines.
- Assist in the maintenance of the Ariba repository and reporting. Follow-up with contract owners on all contracts due to expire. Ensure that all expired contracts are identified as closed within the repository and S Drive.
- Assist with lender due diligence requests.
- Provide back-up support to other members of the Contract Administration Group personnel as needed due to vacation, illness etc.
Knowledge & Skills:
- Advanced Microsoft Office – Excel, Word, and PowerPoint
- Advanced contract drafting and negotiation skills
- Deep understanding of contract law and risk management
- Software licensing contract language
- Contract Processing and Terminologies
- Third-Party interaction/management and negotiation skills
- Relationship Management (Interpersonal) skills
- Ability to manage multiple contracts and projects simultaneously
Education & Experience:
College degree, paralegal certification, or a minimum of 4+ years contract experience, contract law, third-party due diligence experience.
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14500 Arch U.S. MI Services Inc.
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What We Do
Arch Capital Group Ltd. (Arch Capital or ACGL), a Bermuda public limited liability company, writes insurance and reinsurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe and Australia, with a focus on specialty lines. Arch Capital Services LLC is owned by ACGL and provides corporate, legal and other support services to Arch Capital.
ACGL provides insurance, reinsurance and mortgage insurance on a worldwide basis through operations in Bermuda, the United States, Canada, Europe, Australia and Hong Kong.
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