What are the responsibilities and job description for the Contract Management Sr. Specialist position at Comerica Bank?
Contract Management Senior Specialist
This position is responsible for the execution of the contract management process for medium/high complex supplier agreements from initiation through finalization.
The primary functions will be interfacing directly with business areas across the enterprise and at various levels of management. The objectives are to drive efficiency, solve business problems, achieve speed to market, manage risk, ensure compliance, manage demand and limit total cost of ownership as it relates to third party spend for products and services. The position will coordinate activities for contracting and work with internal stakeholders and suppliers to finalize legal and commercial terms.
Other job functions include analyzing opportunity, providing project updates, process management and supplier negotiations. Additionally, this position is expected to support supplier diversity objectives and other corporate core values.
Responsibilities
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI’s Record of Arrest and Prosecution Background (“RAP Back”) service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer – disability/veteran.
This position is responsible for the execution of the contract management process for medium/high complex supplier agreements from initiation through finalization.
The primary functions will be interfacing directly with business areas across the enterprise and at various levels of management. The objectives are to drive efficiency, solve business problems, achieve speed to market, manage risk, ensure compliance, manage demand and limit total cost of ownership as it relates to third party spend for products and services. The position will coordinate activities for contracting and work with internal stakeholders and suppliers to finalize legal and commercial terms.
Other job functions include analyzing opportunity, providing project updates, process management and supplier negotiations. Additionally, this position is expected to support supplier diversity objectives and other corporate core values.
Responsibilities
- Responsible for managing multiple complex contract projects through cross-functional collaboration and a disciplined approach to project management that enables consistent execution of the contracting process.
- Responsible for identifying and mitigating contract risk in collaboration with Legal, Technology, Risk and Business stakeholder areas.
- Develop and negotiate commercial terms and strategies. Utilize e-Procurement systems to facilitate sourcing, contracting and purchasing activities.
- Conduct market research and analyze relevant data (benchmarking, spend, contracts) to support execution of supplier/sourcing strategies.
- Bachelor's Degree OR 4 years of relevant experience 4 years of experience managing procurement/sourcing processes
- 4 years of experience in contract negotiations
- 4 years of experience in analytical and communication skills
- 4 years of experience interacting professionally with senior management
- Preferred Juris Doctor (J.D)
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI’s Record of Arrest and Prosecution Background (“RAP Back”) service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer – disability/veteran.
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