Sr. Contracts Specialist

IDeaS • Edina, MN

3d • Hybrid

About The Position

Passionate people. Loyal clients. Leading solutions.
With a rich culture of creative collaboration and professional growth, IDeaS’ team members build successful careers with us.
IDeaS is proud to be a global powerhouse of innovation and excellence; challenge and reward. No matter where we’re working, our teams come together to create leading revenue management solutions that accelerate our clients’ growth through revenue optimization.
Now we just need you!
The Sr Contracts Specialist coordinates and manages the administration of new and existing sales-based contracts with clients and provides guidance to Sales and Client Account teams to aid in the negotiation of contracts to ensure commercial and legal terms are accurate, manageable, and align with company finance policies. This is an hourly rate contract role initially for 6 months, on a hybrid working balance (we require this person to be in the Bloomington office 3 days a week). Please only apply if you are happy to consider a contract role.

Requirements

• 5+ years of contract administration experience with 2 years minimum involving supplier-side software and services agreements.
• Proficient in drafting and negotiating supplier-side software and services agreements.
• Solid understanding of basic principles of contract law.
• Must be flexible in order to meet needs and timelines of global clients operating in various time zones.
• Excellent written and oral communication and interpersonal skills.
• Excellent time management and organizational skills.
• Ability to manage a heavy workload in a multi-task environment within specified deadlines with minimal supervision.
• Proficient in the use of SalesForce.com, Microsoft Office suite of products (i.e. Excel, Word, Outlook), and contract-based software applications.
• Highly ethical.
• Travel as business requirements dictate at management discretion

Responsibilities

• Coordinates the review and processing of standard contracts (80% of all sales contracts) that originate in the field including the final execution of the contract document and related placement of documents in Salesforce for reference.
• Reviews and assesses client contract documents for new services which often require non-routine contract management.
• Establishes framework for administering non-standard contracts to ensure compliance with contractual terms and conditions, company policies and client expectations.
• Understands and assesses implications of legal and commercial contract terms on proper revenue recognition criteria.
• Works closely with Sales, Finance, Legal, and other internal teams in preparing 3rd party contracts related to the company’s sales activities, which includes modifying language in contracts to track company’s established business and legal policies.
• Independently analyzes unusual contractual requirements and applies knowledge of company policies and procedures to produce contract documents that meet high standards of legal protection.
• Provides guidance to other Contracts staff as well as the Sales team on contract administration processes.
• Periodically reviews and assesses vendor/supplier contract documents.
• Performs other duties as assigned.

What This Job Offers

• Career Level: Mid Level
• Education Level: No Education Listed