First Merchants Bank is seeking a Senior Contract Analyst to join our team! This position will assist the Director, Corporate Contract and Procurement in the administration, oversight, and delivery of legal services related to Corporate Contract Management. Provide and coordinate all legal review activities in the contract functions to ensure that the Corporation's legal rights are protected, and its operations are maintained within the limits prescribed by policy, law, and regulations. Select and coordinate work with general counsel when necessary. Assist the Director, Corporate Contract and Procurement in the administration, oversight of the Vendor Management program, as well as other procurement responsibilities.
As part of this role you will:
- Serve as primary legal resource for vendor contract reviews.
- Represent/act as the delegate of the General Counsel in contract negotiations, contract management, and contract compliance for the Bank and the Corporation.
- Coordinate further review with general counsel for the defined subset of contracts as defined in policy.
- Advise, train, and educate the Corporate Procurement team on matters related to contract reviews.
- Initiate and maintain contract review documentation.
- Investigate and follow-through on contract issues.
- Advise and interpret contract requirements, obligations, and risks.
- Confer with management on amendments and settlements.
- Create and communicate concise and consistent contract provisions.
- Requires drafting, reviewing, analyzing, redlining and negotiating a wide range of contracts and agreements to attain achievable risk levels.
- Must have the ability to identify and assess risk and communicate effectively with internal team members, business partners, and counsel.
- Negotiate contract terms, payment structure, and reimbursement.
- Compare counterpart contract terms with legal requirements and policies.
- Management committee participation as requested.
- Perform various administrative duties related to third party risk management (TPRM).
- Assist in the oversight of the periodic assessments of third parties.
- Assist in providing training and assistance to vendor managers and point persons responsible for meeting requirements of the TPRM program.
- Detect and analyze problems by reviewing information that has been obtained.
- Participate in the maintenance of the Third Party inventory.
- Perform onboarding, classification, ongoing maintenance and assessment activities and other data updates.
- Prepare periodic reports.
- Escalate concerns to the Director, Corporate Contract and Procurement.
- Assist in preparing for third party risk management audits and exams.
- Assist the Director, Corporate Contract and Procurement, and Senior Management in these duties:
- Enable and cooperate with departments like legal, operations, credit, and accounting.
- Handle multiple projects in a fast-paced team environment.
- Exercise judgement and work under pressure and persuade parties in full fairness of company’s position.
In order to be successful in this position, we require the following:
- Undergraduate and law school degrees.
- A minimum of six (6) years of progressively increasing responsibility in a corporate legal environment or private practice.
- Admission to the Indiana Bar.
First Merchants offers the following:
- Base Pay PLUS Bonuses
- Medical, Dental and Vision Insurance
- 401k
- Health Savings and Flexible Spending Accounts
- Vacation/Sick Time
- Paid Holidays
- Paid Parental Leave
- Tuition Reimbursement
- Additional Benefits
A little about us:
First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.
Our Vision is:
To enhance the financial wellness of the diverse communities we serve.
Our Mission is:
To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.
Our Team:
"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."
Apply today to begin your career with us!
Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- Undergraduate and law school degrees
- Minimum of six years experience in corporate legal environment or private practice
- Admission to the Indiana Bar
First Merchants Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about First Merchants Corporation and has not been reviewed or approved by First Merchants Corporation.
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Retirement Support — Retirement programs include a 401(k) with employer match and an employee stock purchase plan that are presented as meaningful components of total rewards. These elements are highlighted as strengths relative to other benefit components.
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Leave & Time Off Breadth — Time-off provisions include PTO, bank holidays, bereavement, paid parental leave, and paid volunteer time. These elements can help offset concerns about base pay in some roles.
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Parental & Family Support — Paid parental leave is explicitly offered and positioned alongside PTO and holidays to support family needs. This support contributes to a more balanced work–life setup.
First Merchants Corporation Insights
What We Do
First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. First Merchants offers customers broad financial services throughout locations in Indiana, Ohio, Illinois and Michigan providing: • Commercial Banking (business) – checking, treasury management, card services, financing, loans, electronic banking, online and mobile banking. • Personal Banking (consumer) – checking, savings, CDs, mortgages, loans, IRAs, HSAs, online and mobile banking. • Private Wealth Advisors - trusts, investments, 401(k) plans, 403(b) plans, profit sharing plans, pension plans, cross-tested plans, cash balance plans, Flexible Spending Accounts, IRAs, SEP IRAs, and succession planning. First Merchants is committed to customers by: • Developing strong relationships. o As financial advisors – our professionals listen and provide solutions o The tenure of our professionals averages eight years, meaning you will enjoy continuity of service o We hire local professionals from the communities we serve • Customers benefit from local decision making. o Decisions are made faster o The process is streamlined, with each customer having a single point of contact. o Our financial professionals are empowered to develop tailored solutions. • The local communities we serve benefit from First Merchants’ involvement and support.
