Summary of job:
The Sourcing Specialist position is responsible for assisting with reviewing, preparing, negotiating and executing contract agreements with internal clients and suppliers. The resource will develop and implement Contract Management processes incorporating best practices and aligning with the business requirements and company strategy including authorizing, approving, reporting, and retaining documents. This role also operates in active contribution to reporting, analysis, digitization and continuous improvement projects to advance the Contracts Management function.
Solicits and gains an understanding of internal stakeholders' overall business objectives
Oversee the creation, drafting, redlining and execution of contracts.
Negotiate pricing, terms and conditions.
Requests or approves amendments to or extensions of contracts.
Prepare contract briefs and revisions summarizing contractual requirements and budgets.
Evaluates or monitors contract performance, changes/deviations, amendments, clarifications, payment schedules to determine necessity for amendments or extensions of contracts, and compliance to contractual obligations.
Ensure that contract is in compliance with legal requirements, owner specifications and government regulations (maintains an understanding of regulatory and governmental policies).
Provide contract summaries and ensure contract execution in accordance with company policy.
Ensure contracts amendments are communicated to all stakeholders (internal customers, Finance, IT, Legal, Operations)
Proactively tracks internal usage of preferred suppliers, contracted pricing, and actual spending against contracted agreements
Mitigates risk utilizing contract templates and leveraging the standard legal and business provisions
Manages and maintains the development of standard contractual templates and facilitates widespread usage
Relatively independent with coaching and guidance provided
Creative in identifying continuous improvement opportunities, operational and process improvements and the tools, digitization that support these.
Adhere and uphold policy and compliance.
Impact decision making:
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees so classified
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