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B
Bedrock
Contract Lead II
Career Insights for Contracts Analyst
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Scorecard
Based on Texas 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.
$71,061 / year median in Texas
+4% projected growth
Job Description
MAIN FUNCTIONS
Manages portfolio of agreements and new requests, enabling efficient and effective purchase of goods and services (from purchase to pay) with a focus on business value, on-time delivery, and cycle time Works with moderate work direction and is skilled and knowledgeable to the position. This position could be described as Senior Procurement Associate / Specialist / Contracts Manager who, on top of level 1 duties, might be managing contracts with high complexity or deep business knowledge.TASKS AND RESPONSIBILITIES
- Negotiates contract pricing and terms & conditions directly with suppliers while working with internal stakeholders, seeking lowest total system costs and appropriate mitigation of supply and legal risk.
- Executes PtP (Procure-to-Pay) processes in full compliance with Sourcing & Acquisition Handbook and CIMS (Controls Integrity Management System) catalogs.
- Fully leverages Procurement processes and tools to ensure most effective procurement method is utilized.
- Maintains agreement portfolio: scope updates, pricing, Exhibits, amendments.
- Ensures contract compliance and utilization - monitors supplier performance, troubleshoots issues, etc.
- Ensures transactional efficiency of agreements by leveraging systems.
- Identifies business value and other opportunities within the portfolio.
- Develops and maintains internal and external relationships to meet business line expectations.
- Provides fit-for-risk process improvements.
- Influences development and implements Category strategic and commercial guidance, shares portfolio specific market intelligence to Category Networks.