Contract Analyst (Hybrid)

This is a hybrid role, with the expectation that work will regularly take place both inside and outside of a company office.

About the role

This position supports the Bank and its internal stakeholders by managing the execution, renewal, and/or termination of existing contracts, and reviewing new contracts prior to execution for an assigned group. The role ensures contracts are handled according to business needs, analyzes contract provisions, and recommends amendments aligned with the Bank’s goals and objectives. The position delivers outstanding client service while building collaborative relationships with business teams by providing innovative, timely, and accurate solutions aligned to the Bank's risk appetite.

Responsibilities

• Contract Management: Manages a queue of contracts coming up for renewal or expiration. Reviews and interprets contract clauses, stipulations, obligations, and liabilities, and works with business owners to determine and complete required actions prior to deadlines. Recommends contract provisions, terms, and conditions.
• Business Support: Develops and maintains an understanding of existing vendors, contracts, and business needs. Reviews and interprets contract language and advises internal departments on cost-effective ways to comply with contractual obligations while meeting business requirements. Documents progress and maintains records. Stays current on amendments to contract laws and recommends needed changes.
• Relationships: Collaborates with department staff on new products and services to address contractual discrepancies with the Bank’s Vendor Contract Standards and general Procurement policies.
• Conduct RFx’s: Develops and leads RFx’s (RFI, RFP, RFQ, etc.) for a designated area. Serves as the single point of contact for vendors and manages RFx processes from inception to vendor selection and contract negotiations.
• Contract Negotiations: Works with senior staff, leading negotiations for less complex contracts (MNDAs) and amendments to ensure necessary language is included and contracts adhere to the Bank’s Vendor Contract Standards and general Procurement policies. May participate in negotiating new contracts as assigned.

Requirements

• Bachelor’s Degree and 2 years of experience in contract structuring for services, software, or outsourcing services or High School Diploma or GED and 6 years of experience in contract structuring for services, software, or outsourcing services.
• Experience with Requests for Proposal (RFPs) and Requests for Quotations (RFQs).
• Contract Lifecycle Management (CLM) experience.
• Procure-to-Pay (P2P) experience.

Preferred Qualifications

• Experience with Icertis contract management system.
• Experience with Coupa procurement platform.
• Experience with Archer governance, risk, and compliance (GRC) platform.

Benefits

First Citizens Bank offers a competitive and thoughtfully designed benefits program to meet the needs of associates. More information can be found at https://jobs.firstcitizens.com/benefits.