Contract Admin

Responsibilities

• Independently draft, negotiate, and review contracts, as well as update and revise contract templates, pertaining to new and existing products, including but not limited to the following contract types: MSAs, SOWs, DPAs / DSAs, NDAs, SLAs, and other software and/or data licensing agreements
• Balance effectively and efficiently multiple agreement negotiations simultaneously with limited oversight; multitask and accomplish assignments under the limited supervision of a senior contract attorney
• Independently determine the proper form of agreement for any contractual situation based on a superior understanding of Verisk’s products and services, contract law, contract language, and the insurance industry
• Work independently, as well as on a team, during the contract negotiation process; proactively pull in and collaborate with various Subject Matter Experts (including, but not limited to: Finance, Insurance, Risk and Security, Privacy, Compliance, Audit, product owners) during appropriate junctures to ensure result of effective agreements with properly mitigated risk
• Identify legal issues and creatively navigate through difficult circumstances with your counterpart (i.e., customer’s Procurement representative, contract administrator or legal counsel) and successfully arrive at resolutions on contract language and positions; identify complex concerns both arising from the customer and sales, and seek to understand a customer's position behind a redline and offer alternative acceptable language when possible
• Independently quality check all assigned requests and agreements; ensure that all applicable approvals are in place prior to final execution
• Conduct and produce findings in response to post-execution contract research requests, e.g., identify specific legal terms within or across one or more contracts
• Apply and maintain a general (high-level) understanding of the latest and current applicable laws and regulations applicable to Verisk products, including GLBA, FCRA, GDPR, CPPA/CPRA, HIPAA; proactively stay up-to-date on changes to such applicable laws
• Track contract progress and proactively follow up on outstanding items as needed
• Effectively adhere to, implement, and/or improve contracting reporting and workflows, using company tools and technology (including CLM and CRM systems)
• Manage excellent working relationships with Verisk internal stakeholders (i.e., Sales, product owners, business units, Finance, Customer Service, Compliance, Audit, Claims Senior Leadership, and other functional departments)
• Complete all ad hoc projects, special projects, and other duties as assigned
• Complete all goals and responsibilities, set on an annual basis and as determined by you and/or your Manager

Qualifications

• Bachelor’s degree required and JD degrees preferred, with 5+ years of experience reviewing, drafting, negotiating, and managing contracts
• Bar admission is advantageous but not required
• Ability to think logically and quickly, with ability to promptly resolve and turn around contracts
• Strong written and verbal communication skills
• Superb understanding of contract law, contract language and principles, and applicable legislation
• High degree of understanding of common issues and concerns with services, sales departments, and complex customers
• Must excel in working in a highly collaborative environment while independently managing a large workload
• Self-driven and must exhibit initiative and assertiveness in obtaining information needed to proceed with requests and assignments
• Independently accomplish contract matters and tasks with limited supervision by a senior contract attorney
• Excellent project management skills with superior attention to detail; strong organization, facilitation, time management, planning, problem solving, and analytical skills required
• Outstanding interpersonal and relationship building skills, with the ability to mentor and advise new and/or more junior contract administrators
• Strong organizational skills with the ability to prioritize and be detail-orientated to effectively and efficiently manage responsibilities
• Possess the highest level of integrity and sensitivity to confidential information

About Us

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster. At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.

Verisk

• Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision
• Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences
• Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient
• Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance
• Catastrophe and Risk Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events
• Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement
• Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group
• Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger
• Verisk Analytics is an equal opportunity employer. Verisk invests in a benefits package for all employees that includes the following: Health Insurance, a Retirement Plan, Disability benefits, and a Paid Time Off program. We offer a competitive total rewards package that includes base salary determined based on role, experience, skill set, and location.