Contract and Compliance

5 days ago

Hyderabad, India Massachusetts Mutual Life Insurance Company Full time

Hyderabad, IN

Operations
JID_136532_18226_1

Procurement Contracts Consultant - Procurement Operations, Procurement

Full Time

**The Opportunity**

Currently the MassMutual Procurement team is going through a transformation to become best in class for contract lifecycle management and Source to Pay processes.

Contract Managers play an important role, they are responsible for managing the full end-to-end contract strategy, which will include formulating the commercial deal terms, and representing the business while interfacing with the Legal team and Supplier through to the conclusion of the contracting process.

**The Procurement Team - **Our Vision & Mission

The MassMutual Procurement vision is to be a trusted partner, who proactively engages with the enterprise to create sustainable supplier value. Where we enable business strategy through leading operational, process, governance, cost and risk management excellence.

**The Impact**:

- The Contract Consultant role will work efficiently and independently, managing a high volume of tasks and projects, react with appropriate urgency to matters which require a quick turnaround, and think creatively and proactively in order to solve problems.

**The Minimum Qualifications**
- 4+ years of relevant contract experience.
- Primary responsibility is quality of agreements; and negotiating a broad range of standard commercial contracts within a Procurement.
- Ability to work independently
- Prior experience with Procurement contracts and negotiating contract terms
- Ability to lead the negotiation from kick off meeting to contract signature
- Understanding of S2P

**The Ideal Qualifications**:

- Operates with significant autonomy and discretion in communicating with Legal, the Business unit Procurement Category Managers, Sourcing and Supplier Relationship Management.
- Negotiates some master agreements, Statements of Work, Change Orders, Work Orders, Schedules used by the Procurement organization, including legal practice standards and playbook guidelines set by the Legal Department.
- Develops contract practice standards, operating procedures and systems that enable the broader team of Category Managers to scale and work more efficiently and effectively.
- Orchestrates the end-to-end process from kickoff to full execution. Communicate these results through weekly metrics reporting.
- Strong project management skills, including adhering to stakeholder timelines, and meeting management skills.
- Extensive knowledge of the basic types of commercial agreement structures and the function and purpose of key legal terms.
- Experienced at assessing risk and concisely explaining issues to both legal and non-legal professionals.
- Extremely customer-focused, taking the time to understand the needs of the business and legal.
- Experience working in a large, global, highly matrixed organization, and works easily in multi-business unit project settings; able to facilitate teamwork across corporate boundaries.
- Proven written and oral communicator, with strategic, analytical, and interpersonal skills to act as an effective change agent, unlocking barriers to quickly move contracts to closure.
- Ability to manage multiple simultaneous projects requiring frequent communication, organization, time management, and problem-solving skills.
- #LI-RP1

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