Contract Specialist

Corewell Health • Grand Rapids, MI

4d • Onsite

About The Position

With minimal supervision, the Contract Specialist serves as a subject matter expert for contract-related activities, including developing and negotiating contract terms, conditions, modifications, penalties, and incentives in collaboration with sourcing team members and key stakeholders. The role evaluates changes to drive continuous improvement in contract management processes and trends, and proactively manages agreements from initiation through execution and renewal. It also resolves problems, mitigates delays, mediates disputes, and escalates issues. Specialists at this level can work competently in most areas of contract management, though they may need guidance in others.

The position supports contract development and sourcing initiatives, maintains contract records, contributes to audit and compliance strategies, and manages reviews to ensure timely delivery against objectives and contractual budgets. It coordinates with legal and compliance departments on health care regulations and keeps internal customers, suppliers, and management informed of progress. The Contract Specialist acts as the principal contract owner for assigned contracts.

Requirements

• Bachelor's degree.
• At least 2 years of relevant experience in a related field.

Nice To Haves

• 5 years of experience negotiating and managing contract life cycles.
• Experience in finance or contract management.
• Knowledge of best practices for contract negotiation tactics and strategies.
• Working knowledge of Stark and Anti-Kickback laws.

Responsibilities

• Create a customer-focused, service-based approach with stakeholders and suppliers, cultivating cross-organizational relationships and modeling customer service excellence.
• Build relationships with managers, business units, supply chain teams, and suppliers to support objectives, influence stakeholders, and advance strategic sourcing strategies.
• Participate in the Contract Specialist Community of Practice and its subgroups to develop initiatives and achieve outcomes.
• Assist with developing contracts, including leases, license agreements, amendments, terminations, purchase agreements, management agreements, and statements of work.
• Manage contract development and assist with negotiations for sourcing initiatives.
• Enter and maintain current contract information in the internal contract repository and system contract database.
• Assist in developing audit strategies to ensure contract compliance.
• Participate in process improvement initiatives and champion change.
• Monitor compliance and regulatory changes affecting health care and coordinate with legal and compliance departments to develop strategies and methods for contract compliance.
• Manage the contract review process to support timely delivery against objectives and contractual budgets.
• Communicate activities and progress to internal customers, suppliers, and management through verbal and written communications.
• Serve as the principal contract owner for assigned contracts.

Benefits

• Comprehensive benefits package supporting financial, health, and work/life balance goals.
• On-demand pay program powered by Payactiv.
• Discounts directory with deals on restaurants, phone plans, spas, and other offerings.
• Optional identity theft protection, home insurance, and auto insurance.
• Traditional and Roth retirement options with service contribution and matching savings.

What This Job Offers

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