Senior Contract Administrator

UL Solutions•Northbrook, IL
•$63,400 - $84,500•Hybrid

About The Position

The Senior Contract Administrator works closely with Sales, Legal, and other contracting stakeholders to translate business requirements into technical requirements and administer contract processes using Ironclad CLM. The role builds and maintains workflows, notifications, approvals, obligations, contract templates, clauses, and the contract library, including permissions, metadata, and views. It also maintains CLM process and training documentation, supports initiatives such as mergers and acquisitions to onboard contract types, imports legacy contract data, and configures security settings and user permissions. The position uses technology to improve the effectiveness and efficiency of contract record management, review, and approval. It periodically reviews contracts and recommends improvements or harmonization of terms and conditions, and trains company personnel on contract content and negotiation processes as needed. The role also requires following the Underwriters Laboratories Code of Conduct and physical and digital security practices, along with performing other duties as directed.

Requirements

  • University degree equivalent to a bachelor's degree in Business Administration or a related discipline.
  • Generally five years of experience handling complex contract negotiations.
  • Proficiency with Microsoft Word, Excel, PowerPoint, and Access.
  • Strong communication skills and attention to detail.
  • Ability to learn on the job, identify issues, think quickly, and handle complex and ambiguous issues with sound judgment.

Nice To Haves

  • Experience with Oracle.
  • Experience with Contract Lifecycle Management (CLM) tools.
  • Experience in contract management.

Responsibilities

  • Work with Sales, Legal, and other contracting stakeholders to translate business requirements into technical requirements.
  • Build, update, and maintain contract workflows in Ironclad CLM for all contract types.
  • Build, update, and maintain notifications, approvals, and obligations within CLM.
  • Update contract templates and clauses when approved changes are submitted.
  • Maintain the contract library, including permissions, metadata, and views.
  • Maintain documentation about CLM processes, tools, and training.
  • Support initiatives, including mergers and acquisitions, to onboard new contract types to CLM.
  • Import legacy contract data into the CLM repository as required.
  • Configure security settings and user permissions within CLM.
  • Use technology to improve the effectiveness and efficiency of contract record management, review, and approval.
  • Periodically review contracts and recommend improvements or harmonization of terms and conditions.
  • Train company personnel on contract content and negotiation processes as needed.
  • Read and follow the Underwriters Laboratories Code of Conduct and physical and digital security practices.
  • Perform other duties as directed.

Benefits

  • Annual bonus compensation with a target payout of 10% of base salary.
  • Medical, dental, and vision benefits.
  • Wellness benefits, including mental and financial health.
  • Retirement savings through a 401(k).
  • Paid time off for full-time employees, including 15 vacation days, 12 holiday and personal days, and 72 hours of sick time.
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