Procurement Contract Manager

First Horizon Corp.-posted about 2 months ago
Full-time • Manager
Memphis, TN
5,001-10,000 employees
Credit Intermediation and Related Activities
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The Procurement Contract Manager oversees the full lifecycle of supplier and vendor contracts, ensuring alignment with business needs, and compliance with company policies in an ever-changing regulatory environment. This includes managing upcoming contract renewals and expirations, as well as contract database maintenance. This is a strategic position that supports operational excellence, enhances vendor relationships, and strengthens risk management and compliance throughout the contract management lifecycle.

  • Draft, review, and negotiate procurement contracts (such as but not limited to: MSAs, SOWs, NDAs, Order Forms, etc.)
  • Responsibility for ensuring Banks contracts comply with internal policies/standards, legal requirements, and regulatory obligations.
  • Partner with sourcing managers, business owners, and suppliers to support strategic sourcing initiatives.
  • Act as the primary point of contact for internal contract-related questions and requests contracts or contractual data.
  • Collaborate with legal and finance teams to ensure compliance and appropriate risk allocation.
  • Recommending and implementing process improvements to enhance Banks' contracting processes.
  • Manage contract repository and ensure accurate documentation of all agreements.
  • Contract Pipeline Reporting: Tracking key Contract dates and statuses (renewals, expirations, deliverables)
  • Proactively managing renewals and non-renewals (initiate and execute as needed.)
  • Assist in the Quality Control process to maintain data integrity and enhance metadata.
  • Bachelor's degree in Supply Chain, Procurement, Business Administration, Finance, or related field.
  • 5+ years in procurement contract management, strategic sourcing, or vendor management, preferably in a banking or financial industry.
  • Strong knowledge of procurement processes and contract governance.
  • Deep understanding of contract drafting, negotiation and administration, along with exceptional business insight and analytical skills.
  • Strong problem solving and decision-making skills.
  • Strong organizational and planning skills as well as an exceptional attention to detail.
  • Must be able to work with minimal supervision and in a fast-paced environment.
  • Familiarity with CLM systems and procurement platforms (e.g., Coupa, Ariba, SAP, Oracle).
  • Very strong written, verbal and interpersonal communication skills.
  • Ability to manage multiple projects simultaneously and work cross-functionally.
  • Interact effectively across departments and thrive in a team-oriented environment.
  • Juris Doctor (JD) is preferred but not mandatory.
  • Medical with wellness incentives, dental, and vision
  • HSA with company match
  • Maternity and parental leave
  • Tuition reimbursement
  • Mentor program
  • 401(k) with 6% match
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