Contract Associate III - Remote

Labcorp•Burlington, NC

3d•$73,000 - $84,000•Remote

About The Position

Labcorp is seeking a US remote based Contract Associate III to join our team to support our Mid-America division. Work Schedule: Monday – Friday, 8am – 5pm central time zone Job Responsibilities: Provide end-to-end contracting of divisional client contracts, including drafting, reviewing, negotiating, and ensuring compliance with internal policies and legal requirements Play a key part in supporting business objectives with urgency by facilitating timely contract execution, managing exceptions, and maintaining strong client relationships through clear and effective contract processes. Team Development Provide coaching and training for new hires on contracting policies and best practices. Delegate contract responsibilities and assignments as needed to Contract Associate I and II Client Contract Management, Engagement and Escalation Support Work with a team of contracts professionals in all aspects of contract creation and management Draft, review and negotiate high profile, complex client contracts using pre-approved corporate templates, ensuring consistency and adherence to company policies and risk standard, escalating as needed Review high profile and complex client redlines and client-provided documents (“client paper”) using pre-approved language (approved deviations) and make determinations. Provide escalation assistance to Contract Associates I and II Independently address client questions, and drafts emails and or leads calls related to client questions Escalate client concerns on information requests, compliance confirmations, pricing and business team questions, and requests for client calls as needed. Prepare requests for Law Department review and sends contracts for Law Department review Secure contract signatures, return executed documents to the client and return contracts to corporate teams. Load final documents into the contract management system Clearly and accurately inform clients and management of the status of ongoing projects, including time frames, changes to plans, problems, solutions, etc. Work with management on annual reporting per law department and compliance policies. Provide status tracking of unique, challenging client contracts inside the life cycle (e.g., chasing signatures, etc.). Collaboration with Legal and Business Teams Partner with the Law Department to interpret contractual terms, resolve disputes, and ensure adherence to applicable laws, regulations, and internal standards Work closely with business units to understand client requirements, operational objectives, and service expectations to translate them into contractual terms Advise and influence internal stakeholders on contract structure, process, and risk considerations Identify and manage contract exceptions through with stakeholders Client Record Management and Data Integrity Create, update, and maintain client records within the contract management system, ensuring data accuracy and completeness. Ensure accuracy, consistency, and completeness of client records in the contract management system Monitor for duplicate, missing, or inconsistent client data and oversee resolution of discrepancies Bid Activity Provide monitoring of unique/challenging client bid opportunities and communicates such opportunities to management for assignment Act as a point of escalation to assist in the preparation and submission of bid proposals in response to RFPs, RFQs, and other solicitation documents, including crafting responses to bid questions utilizing standard pre-approved language Coordinate with cross-functional teams to gather necessary documentation, pricing, and compliance information. Review complex bid terms and conditions to identify contractual obligations, risks, and compliance requirements, as assigned by management. Track bid timelines, deadlines, and approvals to ensure timely submission. Package proposal for legal review and submission out to routine clients. Secure signatures, returns executed documents, and loads into contract management system. Support post-bid clarifications and contract award negotiations. Communicate bid submissions and results to the Law Department for Monthly Reports. M&A/Integrations: Attend calls, as assigned, with M&A Project Team to learn about Target Company, clients, service offerings, etc. Performs reviews of the client contracts in the Project data room, to look for service offerings, etc., that are non-standard for Labcorp, and which should be brought to the Project Team calls. Create new contracts/assignments of contracts, where needed.

Requirements

High school diploma or equivalent and 7 years or more of experience in contracts management OR Associate’s degree and 5 years or more of experience in contracts management
Strong communication skills; both written and verbal
Proficient with Microsoft Office Programs and Adobe
High level of attention to detail with the ability to prioritize and multitask
Strong organization skills and able to adapt to high pressure
Able to change directions in workload based on required timeframes
Able to work independently, and as a team, with little to no supervision

Nice To Haves

2 years or more of experience in healthcare industry contracts management
Associate’s degree and 7 years or more of experience in contracts management

Responsibilities

Provide end-to-end contracting of divisional client contracts, including drafting, reviewing, negotiating, and ensuring compliance with internal policies and legal requirements
Play a key part in supporting business objectives with urgency by facilitating timely contract execution, managing exceptions, and maintaining strong client relationships through clear and effective contract processes.
Provide coaching and training for new hires on contracting policies and best practices.
Delegate contract responsibilities and assignments as needed to Contract Associate I and II
Work with a team of contracts professionals in all aspects of contract creation and management
Draft, review and negotiate high profile, complex client contracts using pre-approved corporate templates, ensuring consistency and adherence to company policies and risk standard, escalating as needed
Review high profile and complex client redlines and client-provided documents (“client paper”) using pre-approved language (approved deviations) and make determinations.
Provide escalation assistance to Contract Associates I and II
Independently address client questions, and drafts emails and or leads calls related to client questions
Escalate client concerns on information requests, compliance confirmations, pricing and business team questions, and requests for client calls as needed.
Prepare requests for Law Department review and sends contracts for Law Department review
Secure contract signatures, return executed documents to the client and return contracts to corporate teams.
Load final documents into the contract management system
Clearly and accurately inform clients and management of the status of ongoing projects, including time frames, changes to plans, problems, solutions, etc.
Work with management on annual reporting per law department and compliance policies.
Provide status tracking of unique, challenging client contracts inside the life cycle (e.g., chasing signatures, etc.).
Partner with the Law Department to interpret contractual terms, resolve disputes, and ensure adherence to applicable laws, regulations, and internal standards
Work closely with business units to understand client requirements, operational objectives, and service expectations to translate them into contractual terms
Advise and influence internal stakeholders on contract structure, process, and risk considerations
Identify and manage contract exceptions through with stakeholders
Create, update, and maintain client records within the contract management system, ensuring data accuracy and completeness.
Ensure accuracy, consistency, and completeness of client records in the contract management system
Monitor for duplicate, missing, or inconsistent client data and oversee resolution of discrepancies
Provide monitoring of unique/challenging client bid opportunities and communicates such opportunities to management for assignment
Act as a point of escalation to assist in the preparation and submission of bid proposals in response to RFPs, RFQs, and other solicitation documents, including crafting responses to bid questions utilizing standard pre-approved language
Coordinate with cross-functional teams to gather necessary documentation, pricing, and compliance information.
Review complex bid terms and conditions to identify contractual obligations, risks, and compliance requirements, as assigned by management.
Track bid timelines, deadlines, and approvals to ensure timely submission.
Package proposal for legal review and submission out to routine clients.
Secure signatures, returns executed documents, and loads into contract management system.
Support post-bid clarifications and contract award negotiations.
Communicate bid submissions and results to the Law Department for Monthly Reports.
Attend calls, as assigned, with M&A Project Team to learn about Target Company, clients, service offerings, etc.
Performs reviews of the client contracts in the Project data room, to look for service offerings, etc., that are non-standard for Labcorp, and which should be brought to the Project Team calls.
Create new contracts/assignments of contracts, where needed.

Benefits

Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan.
Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.

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