Procurement Contracts Manager

Stripe • Chicago, IL

8d

About The Position

Stripe’s Supplier Deal Management (SDM) function builds an efficient supplier contracting process, reduces friction for business leaders, partners with Third Party Risk and Legal to minimize risk, and helps Stripe engage key suppliers more quickly. Its mission is to move agreements efficiently through appropriate channels, structure the contracting process with stakeholders, provide a customized and guided user experience, and manage value and risk for Stripe.

Reporting to the Head of SDM and working closely with SDM Leads, the Procurement Contracts Manager supports the supplier contracting process from answering initial questions and reviewing use cases through negotiating commercial terms and supporting contract lifecycle management.

Requirements

• At least 8 years of professional experience in contracting within procurement, legal operations, or another commercial deal negotiation capacity.
• Ability to understand commercial and legal language commonly used in commercial contracts, review and draft contractual language, negotiate contracts, and partner effectively with legal teams.
• Solution-oriented mindset and enthusiasm for establishing contracting best practices.
• Ability to earn trust quickly, deliver value in a critical and fast-paced function involving multiple stakeholders, and support opinions with sound reasoning.
• Flexibility and comfort with changing requirements in a high-volume environment.
• Meticulous attention to detail and a rigorous decision-making process.
• Strong verbal and written communication skills and ability to represent Stripe effectively when interacting with stakeholders.

Nice To Haves

• Broad contracting experience across common categories such as technology, marketing, workplace, and services.
• Understanding of or experience with e-procurement tools and contract lifecycle management systems such as Zip and Ironclad.
• Familiarity with the fintech industry and its supply chain and procurement challenges.
• A builder’s mindset and willingness to question assumptions and conventional wisdom.

Responsibilities

• Answer initial questions and educate directly responsible individuals (DRIs) about the overall risk assessment and supplier contracting process.
• Review DRI-provided use cases and appropriate contractual terms, assemble appropriate Stripe templates, and prepare agreements for legal review according to defined guidelines when necessary.
• Review and negotiate commercial terms in supplier agreements when needed.
• Monitor productivity and communication with DRIs using the procurement tool, Zip.
• Engage Legal, Sourcing, Third Party Risk, and Stripe DRIs to understand their needs and translate them into a risk-balanced approach to contract preparation using training and existing frameworks.
• Manage engagements in Zip and the Ironclad contract lifecycle management system, and support end-to-end contract lifecycle management.
• Partner with internal teams to resolve business inquiries and troubleshoot contracting issues.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed