Contract Analyst

MGM Resorts • Las Vegas, NV

11d • Onsite

About The Position

The Contracts & Insurance Analyst will support the Senior Manager of Contracts & Insurance in providing support to Sourcing, Legal, and Risk Management teams related to contracts. This position will lead the process of contract analytics, drafting/completing basic contracts, and assist and support the implementation of the contract lifecycle management tool (CLM) to increase efficiency with the contracting process. This is an essential role that supports the agility of the supply chain contracting process.

Requirements

• Bachelor's Degree Required
• 1+ Years of Prior Relevant Experience in Contract Analysis and Drafting Required
• Has a certification in Paralegal or Risk Management
• Has system experience: Coupa, Oracle, Contract Lifecycle Management application, Adobe E‐Sign
• Excellent customer service skills
• Ability to collaborate with others to drive positive results
• Excellent organizational skills; be able to function under time constraints and deadlines with attention to detail
• Ability to collaborate across organizational lines
• Ability to work independently and consistently demonstrate a problem-solving approach, as follow‐through in the performance of all tasks
• Proficient in Microsoft Office applications

Nice To Haves

• Has 2+ Years of Prior Relevant Experience in Contract Analysis and Drafting

Responsibilities

• Support the implementation and needs of the Contract Lifecycle Management Tool, this role provides comprehensive administrative and logistical support to the sourcing team including maintaining detailed contract records, assisting with documentation, and coordinating effectively with key sourcing stakeholders
• Actively supports the drafting, redlining, and signatures of contracts related to Mutual Non-Disclosure Agreements, Change Orders, Amendments, and termination letters ensuring accuracy and compliance throughout the process
• Delivers comprehensive risk management analysis by reviewing insurance requirements, conducting gap analysis, and facilitating clear communications with supplier to ensure compliance and mitigate potential risks
• Analyzes contract data, tracks key performance metrics, and delivers reports on contract compliance, risk, and opportunities helping to ensure alignment with business objectives
• Manage supplier probity checks including internal and external communications and escalation
• Provide training and guidance to internal teams on contract terms, policies, and compliance issues
• Assist in performing analysis of vendor COIs during RFP phase and contract negotiation phase to determine compliance with Company standard Insurance Requirements.
• Collaborate with Risk Management team to create solutions to resolve disagreements with vendors around insurance and indemnity terms.

Benefits

• Wellness incentive programs to help you stay healthy physically and mentally
• Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more
• Free parking on and off shift
• Health & Income Protection benefits (for eligible employees)
• Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level