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Intact Insurance Specialty Solutions
Vendor Management Specialist (Hybrid)
Career Insights for Contracts Analyst
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Scorecard
Based on Minnesota data
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What they do
A Contracts Analyst reviews business contracts for a company or organization. Reviews proposed contract terms and conditions, communicates with management about contract obligations, and communicates and negotiates with clients. Prepares contract cost estimates and reviews proposals for contract changes. Confirms that contract terms have been met before a contract is closed out.
$76,793 / year median in Minnesota
-5% projected decline
Job Description
Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community. Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It's our promise to you. Who we are At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups. Intact's Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team. The opportunity We currently have an opportunity for a Vendor Management Specialist to join our Corporate Finance team based in our Plymouth, MN office. This position is part of the Procurement / Vendor management team with primary responsibilities focused contract management from RFX to contract execution and award. Some of the Vendor Management Specialist responsibilities include but are not limited to: Manage procurement requisition requests from RFP to contract award Has knowledge and experience in contract structure, i.e. MSAs, SOWs, exhibits and addendums. Negotiates favorable terms and conditions on vendor contracts by performing a detailed review. Engages with various company internal stakeholders and external vendors to execute contracts and misc agreements. Obtains required approvals and executes in accordance with the department policies and procedures. Works in various procurement tools and systems to store and maintain procurement data Performs vendor sourcing, price analysis, and market research. Reports and tracks procurement metrics from various systems. Pulls reports from various systems and creates dashboard reporting. Demonstrates basic knowledge of accounts payable and invoicing principals. Coordinates Third Party Risk Management (TPRM) intake requests. The expertise you bring Bachelor's degree required 3-5 years of procurement experience; prior experience drafting and awarding contracts relating to vendor management. Knowledge and basic understanding of contract management repository platforms and financial accounting systems. Has the ability to work happily in a fast paced environment with multiple deadlines. Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $72,000 - $84,000, based on the factors aforementioned. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to: Comprehensive medical, dental and vision insurance with no waiting period Competitive paid time off programs 401(k) savings and annual contributions of up to 12% of annual salary Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed. Why choose Intact We live our