Contracts Analyst

Marathon Petroleum Corporation•Findlay, OH

2d•Onsite

About The Position

The Contracts Analyst position is an individual contributor role that will support Crude trading. This position will require close collaboration with individual Traders to support their respective lines of business. This position requires a team player with excellent attention to detail and a self-starter mentality. This individual will continually advance in their ability to evaluate contractual content of proposals, evaluate the need for additional legal review, and ensure all contracts are approved and documented appropriately.

Requirements

Bachelor's Degree required
2 years of related experience required
Accountability - Take ownership of actions and behaviors. Demonstrate care and awareness to protect employees, the environment, and assets from injury and harmful incidents. Display appropriate emotions and remain levelheaded under pressure. Be open and receptive to feedback.
Adaptability - Maintaining effectiveness when experiencing major changes in work responsibilities or environment (e.g., people, processes, structure, or culture); adjusting effectively to change by exploring the benefits, trying new approaches, and collaborating with others to make the change successful
Business Acumen - Applies knowledge of MPC’s business, industry and the marketplace to advance the organization’s goals. Makes decisions and recommendations clearly linked to MPC’s strategy.
Communication - The ability to speak and write effectively, demonstrates fundamental command of language, communicates well using all mediums.
Compliance Assurance - Demonstrates knowledge of internal controls and ensures compliance with established policies and procedures, and to recommend critical changes in controls, polices, or procedures.
Contract Administration - The preparation, monitoring and management of the contracting process as well as individual contracts.
Critical Thinking - Identifying and understanding issues, problems and opportunities; using data analysis to draw conclusions; using judgment in choosing a course of action; taking action that is consistent with available facts, constraints and probable consequences. Intellectually curious.
Customer-Focused - Ensuring that the internal or external customer’s perspective is a driving force behind strategic priorities, business decisions, organizational processes, and individual activities; crafting and implementing service practices that meet customers’ and own organization’s needs; promoting and operationalizing customer service as a value.
Time Management - Effectively managing one’s time and resources to ensure that work is completed efficiently. Time management is the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, and productivity. It involves a juggling act of various demands upon a person relating to work, social life, family, hobbies, personal interests, and commitments with the finiteness of time. Using time effectively gives the person "choice" on spending or managing activities at their own time and expediency.
Work Standards - Setting high standards of performance for self and others; assuming responsibility and accountability for successfully completing assignments or tasks; self-imposing standards of excellence rather than having standards imposed.
Bachelor's Degree
2 years experience

Responsibilities

Reviews and analyzes contractual agreements to ensure compliance with legal and organizational standards; evaluates for additional legal review and engages relevant stakeholders as needed
Identifies and mitigates potential risks associated with contract terms and conditions
Provides recommendations for contract modifications based on legal and business considerations
Manages the entire contract lifecycle, from initiation and drafting to execution and renewal
Maintains a centralized repository of contracts and ensures accurate and timely documentation
Monitors contractual obligations and deadline
Develops strategies to minimize contractual risks and maximize opportunities
Communicates contract-related information to internal and external stakeholders; collaborates cross functionally to ensure alignment on contractual matters
Identifies opportunities for process improvements in contract management and contributes to the development of best practices
Supports activities related to contract audits
Develops strong relationships with key business partners