Contract Administrator II
American Heritage Credit Union · Trevose, PA · 1 mo ago
Management$5.3/hrContract
We need to output HTML fragment with headings . Ensure we keep all details.
Let's copy responsibilities sentences:
- Assist Risk Manager with maintaining a highly motivated, well-trained staff and providing input to evaluate job performance of staff in a timely manner to ensure quality of work and service to members and staff.
- Train and mentor new Vendor Risk Analyst staff in related workflows.
- Draft, review, and negotiate credit union contracts, agreements, disclosures, amendments, non-disclosure agreements (NDAs), and addenda to align with business requirements and compliance with applicable laws, regulations, and internal policies.
- Manage the end‑to‑end contract lifecycle: intake, drafting, redlining, approvals, signature, amendments, renewals, and closeout.
- Serve as the primary point of contact for contract issues between internal stakeholders (legal, procurement, finance, business units) and external parties (vendors, members, partners).
- Analyze contract language to identify risks, inconsistencies, or unfavorable terms and recommend revisions or negotiate alternative language with vendors in coordination with Legal and business owners.
- Ensure that any contract terms agreed to would do not adversely affect the credit union's safety and soundness, regardless of contract performance.
- Communicate contract terms and conditions to managers and other stakeholders, ensuring they understand obligations, risks, and critical milestones.
- Coordinate with legal counsel with appropriate expertise and experience, to review contracts and third-party arrangements to ensure equitable contracts and compliance with applicable state and federal laws and regulations.
- Support the procurement process by assisting with RFPs/RFIs/RFQs, tracking proposal responses, and helping evaluate vendor contract terms and pricing.
- Maintain a centralized contract repository, ensure complete, current copies of fully executed agreements, and track key dates such as renewals, expirations, and notice periods.
- Monitor contractual obligations, key dates, SLAs, and deliverables, escalating issues and driving remediation when terms are not met.
- Coordinate signature routing and execution for contracts, NDAs, and related documents and ensure timely return of fully executed copies to vendors and internal stakeholders.
- Collaborate with vendor management and business owners to ensure contracts address performance metrics, service levels, and regulatory or audit expectations for critical and high‑risk vendors.
- Assist with ongoing monitoring by providing contract summaries, key term matrices, and reports of upcoming renewals or required renegotiations.
- Support compliance by confirming that contracts include required provisions related to information security, privacy, business continuity, regulatory access, and audit rights, and escalating issues as needed.
- Respond to internal inquiries about contract terms, coordinate resolution of contract‑related issues or disputes with vendors, and document outcomes.
- Develop and maintain standardized contract templates, clause libraries, standard processes, and procedures to support efficient, consistent contract administration across the credit union.
- Perform reviews on internal controls implemented by vendors for ensuring to assess regulatory compliance and adherence to the agreed‑upon practices, as needed.
- Monitor and analyze developing trends and changes in laws, rules, regulations, and compliance requirements, and make recommendations to update contract terms to comply with as needed to maintain compliance with new laws and regulations.
- Maintain regular, direct and informal communication with all levels of employees and management to build trust and obtain information to assist in maintaining an effective vendor compliance program.
- Respond to legal audit, and regulatory exam requests and perform special projects, research, analyses, and other duties as assigned.
- Ensure contracts follow the credit union's approval and signature authorities by confirming required internal approvals are obtained before execution.
- Maintain clear documentation and audit trails for key contract decisions, non‑standard terms, and negotiation outcomes to support internal audits and regulatory examinations.
- Assist in tracking contract‑related metrics (such as cycle times and renewal timelines) and recommend improvements to templates, workflows, or procedures to enhance efficiency and risk mitigation.
- Provide basic guidance to internal stakeholders on standard contract processes and terms, escalating complex questions to legal counsel or senior management as appropriate.
Check for any duplicated lines: none.
Now About the role: we can summarize: "As a Contract Administrator II at American Heritage Credit Union, you will draft, review, negotiate, and manage commercial agreements throughout the full contract lifecycle, ensuring compliance, serving as primary liaison, supporting risk mitigation, process improvement, and maintaining an auditable contract repository." That captures.
Qualifications: we need to list each qualification item as . Let's extract qualifications sentences (the block after "Qualifications"). We'll list each as separate . Ensure we keep all details.
List:
- Three to five years of experience in contract analysis, vendor management, procurement, or related work, preferably within a credit union, bank, or other financial institution.
- Working knowledge of contract structure and common clauses (e.g., indemnity, limitation of liability, data security, SLAs, termination, confidentiality).
- Bachelor's degree in business, law, finance, or a related field; experience in contracts, procurement, legal, or vendor management.
- Vendor contract or paralegal certification(s) preferred.
- Strong analytical skills, financial analysis skills and attention to detail, with the ability to identify risk and financial or operational impacts in contract language.
- Knowledgeable with contract law and regulatory compliance.
- Excellent negotiation, risk management, and stakeholder‑management skills to balance risk and business objectives.
- Solid project and time management skills to handle multiple contracts, deadlines, and approvals in parallel.
- Advanced working knowledge of Microsoft suite (Word, Excel, MS Outlook, PowerPoint).
- Experience with contract management or vendor management systems is preferred.
- Must be able to analyze complicated factual situations, apply functional principles, and develop solutions.
- Reliable and thorough with a deep commitment to quality and accuracy.
- Must be self-motivated and able to work independently with minimal supervision.
- Strong team player and strong business acumen.
Now Benefits: we have: "competitive salary commensurate with experience and an extensive benefits package including paid time off, health benefits, 401(k) with a generous company match, and future growth opportunities within the company." Also "We work to maintain the best possible professional and environmentally friendly atmosphere for our employees." That's also a benefit? It's about work environment. Could include as benefit. We'll include bullet points:
- Competitive salary commensurate with experience
- Extensive benefits package including paid time off
- Health benefits
- 401(k) with a generous company match
- Future growth opportunities within the company
- Professional and environmentally friendly workplace atmosphere
But note: "competitive salary commensurate with experience" is vague; we said we shouldn't create Pay section but we can include it in Benefits as part of benefits package? The rule: never create Pay/Schedule/Benefits sections unless the posting actually states them. Benefits section is allowed if posting states them. The posting does state benefits: paid time off, health benefits, 401(k) with generous company match, future growth opportunities. It also mentions competitive salary commensurate with experience (which is vague). Should we include that? It's part of benefits but it's vague. The rule says never emit a heading followed by filler/placeholder text (e.g., "commensurate with experience", "not specified", "N/A", "varies", "TBD") and never create Pay/Schedule/Benefits sections unless the posting actually states them. It doesn't forbid including vague statements inside a Benefits section as long as the section heading is present and the content is not just filler. However the bullet "competitive salary commensurate with experience" is itself filler. Might be better to omit that bullet and keep only the specific benefits. The rule says "never emit a heading followed by filler/placeholder text". It doesn't say you can't have filler inside a section if there is also substantive content. But to be safe, we could include the salary bullet but it's filler. Might be better to omit it. The benefits we have are specific enough.
Thus Benefits section bullets: paid time off, health benefits, 401(k) with generous company match, future growth opportunities,