Procurement Contract Associate Manager

MassMutual • Boston, MA

8d • $69,000 - $90,500

About The Position

MassMutual is seeking a Procurement Contract Associate Manager with at least one year of experience to join the Procurement team to negotiate commercial agreements. In this role, you will ensure documents meet company policies and business needs. You will work closely with team members and other departments—such as legal and IT—to help draft, review and finalize contract terms. This position is a great opportunity to build your skills in contract management and learn how to support business operations in a collaborative environment. On the MassMutual Procurement team, our goal is to enable MassMutual’s mission and vision by providing the right supplier solution at the right time. Our mission is to streamline the procurement process, align supplier partners to meet business needs and continuously increase the value provided to our policyholders. On a day-to-day basis, the Procurement Contract Associate Manager will orchestrate multiple simultaneous projects which will require excellent communication, organization, time management, and problem-solving skills. The focus is on negotiation and drafting contracts based upon documented standards and with support from the Procurement organization, including Category Management and Supplier Relationship Management stakeholders s, as well as subject matter experts across the enterprise. This role supports the contracting process by working with internal stakeholders to gather input and approvals, explaining deal terms and risks to the business, and negotiating with suppliers.

Requirements

• 1+ year of experience in contract evaluation, drafting, and redlining contracts and negotiating with suppliers
• Bachelor’s Degree OR in lieu of a bachelor’s degree, we require High School Diploma or GED and 6+ years of equivalent experience with specifically 2+ years in drafting/negotiating contract terms and conditions and 2+ years in managing supplier engagements

Nice To Haves

• 1+ years of experience include redlining and negotiation of IT and technology related contracts including but not limited to Software as a Service (SaaS), hardware, software licensing, IT professional services
• Detail-oriented with a track record of accuracy
• Excellent written and verbal communication skills
• Strong organizational and time management skills
• Ability to work collaboratively with procurement teams and stakeholders
• Eagerness to learn and further develop contract negotiation skills

Responsibilities

• Understand the business drivers behind assigned transactions and help develop an execution plan.
• Serve as a central point of contact for each contract, using organizational skills to help ensure deals are negotiated and executed on time.
• Engage with internal stakeholders (line of business, legal, compliance, data security) to help assess risks specific to each transaction.
• Draft and redline contracts to help ensure MassMutual is protected from risks, escalating deviations from standards to internal stakeholders as needed via documented escalation paths.
• Engage in negotiations with suppliers to help produce contracts that meet MassMutual standards and business objectives.
• Collaborate closely with the Procurement team and other stakeholders.
• Identify inefficiencies in existing procedures, help uncover bottlenecks, and suggest improvements to streamline contracting processes.

Benefits

• Regular meetings with the Procurement Team
• Focused one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees