Procurement Contract Services Negotiator / Senior Contract Analyst

Job Description

Responsible for the vendor contracting process including contract negotiating, drafting, review and risk analysis of contract terms and conditions. Ensures vendor contracts are in compliance with applicable state and federal law, rules and regulations as well as U.S. Bank policies.

Job Functions

• Lead and manage contract negotiations, including ownership of redline review and resolution
• Analyze contractual terms to identify, escalate, and remediate risk issues
• Oversee the full contract lifecycle, including: drafting, negotiation, approvals execution, reposit, and ongoing management
• Ensure contracts are accurately maintained and governed within the enterprise contract management systems
• Procurement and Risk Alignment
• Partner with Procurement Sourcing teams to support sourcing strategies and commercial terms within contracts
• Collaborate with Risk, Legal, and Compliance to ensure appropriate controls and contractual protections
• Ensure alignment with procurement policies, procedures, and leading practices
• Support audits, quality assurance, and ongoing process and policy improvements
• Business Partnership and Advisory
• Serve as the primary point of contact for assigned business units and vendor engagements
• Provide procurement and contract advisory support to internal stakeholders
• Build and maintain strong relationships across business lines, sourcing teams, and third-party vendors
• Identify opportunities to drive enterprise contract leverage and improve internal customer engagement
• Operations and Process Management
• Manage and coordinate contract workflows across multiple engagements and stakeholders
• Drive process optimization, quality assurance, and operational efficiency
• Support and coordinate updates to contract lifecycle management (CLM) tools and systems
• Balance workload and priorities to ensure timely delivery and effective resource utilization

Preferred Qualifications

• JD or relevant professional certification
• Strong experience in contract negotiation and procurement practices
• Third-Party Risk Management (TPRM) experience
• Knowledge of contract lifecycle management (CLM) tools and sourcing processes

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Five or more years of experience in procurement contract administration activities