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Contract Specialist

Remote, WA | Full Time | Remote
7 Days Ago

Job Description

Are you interested in working for a purpose-driven organization that is owned by, and accountable to, its members—not its shareholders? Where you can collaborate with teams that help deliver products and services to over 1.3 million members? Then read on—BECU might just be the right fit for you. BECU is a national leader among financial institutions. With over $29 billion in assets, we’re among the largest credit unions in the nation. We’ve been in business for over 86 years, serving the financial well-being of our community and helping our members achieve life-long financial goals. Here’s what else sets us apart: Our members-first ethos. Unique benefits, perks and workplace culture. Philanthropy and community involvement. Remote, flexible and hybrid work opportunities. To learn more visit SUMMARY The Contract Specialist assists the Credit Union with its third-party contracts. This role will be responsible for completing and administering basic contract forms, such as Corporate Non-Disclosure Agreements (CNDAs), certificates of insurance, termination notices, extensions and amendments, consistent with Credit Union policies. The Contract Specialist will work in coordination with the Credit Union’s legal department, business units and applicable oversight functions, assemble contracts for legal review and approval, brief management on negotiation progress, and maintain contract files and vendor data in compliance with Credit Union policy and procedures. RESPONSIBILITIES Perform all responsibilities in accordance with BECU Competencies, compliance, regulatory, and Information Protection requirements. Review vendor contracts; implement contractual language to mitigate risks presented with each vendor engagement; coordinate completion and execution of CNDAs and other Credit Union form documents. Engage in vendor negotiations within scope of authority. Review vendor certificates of insurance (COI) for compliance with contract obligations. Support the contract administration function including updating and maintaining vendor profiles and contract documentation in the repository. Provide support to business units though the contracting process, assist in implementing business terms, embrace and promote service culture within contracts team. Provide support to vendor management function. Research archives for existing and legacy contracts, including Master Service Agreements (MSAs), Statements of Work (SOWs), Service Level Agreements (SLAs) and related correspondence and documentation. Perform additional duties as assigned. QUALIFICATIONS Bachelor’s degree, and/or paralegal certification or equivalent work and/or educational experience required. Minimum two years of paralegal or contracting experience required, including familiarity with Requests for Proposal, negotiation of contracts and statements of work, and contract administration systems or similar legal record keeping and workflow tracking systems. Excellent verbal and written skills to effectively communicate. Excellent organizational skills with focus on being able to effectively multi-task numerous projects, with varying deadlines. Proven ability to work independently and as a team member while using discretion in decision making and sound judgment in problem solving. Excellent interpersonal skills, ability to build relationships and gain consensus. Familiarity with vendor contracts and their component parts, such as MSAs, SOWs, insurance requirements and SLAs. General knowledge of basic contract concepts; familiarity with contracting in a corporate environment; financial institution experience preferred. Familiarity with IT products and services, such as software licensing, and cloud, SaaS, PaaS and IaaS arrangements required. Ability to understand, review and complete BECU form contracts and documents. Proficient PC skills (Microsoft Office, SharePoint), with the ability to learn new software. Full-time hours required, with additional hours as necessary to accomplish objectives, goals, and projects. EEO Statement: BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Skills for Contract Specialist

The job skills required for Contract Specialist include Microsoft Office, Coordination, Request for proposal, SOW, Statement of Work, Organizational Skills etc. Having related job skills and expertise will give you an advantage when applying to be a Contract Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Contract Specialist. Select any job title you are interested in and start to search job requirements.

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Career Path for Contract Specialist

The following is the career advancement route for Contract Specialist positions, which can be used as a reference in future career path planning. As a Contract Specialist, it can be promoted into senior positions as a Contracts Administrator V that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Contract Specialist. You can explore the career advancement for a Contract Specialist below and select your interested title to get hiring information.

How to Become a Contract Specialist

If you are interested in becoming a Contract Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Contract Specialist for your reference.

Step 1 Understand the job description and responsibilities of a Contract Specialist

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Step 2 Knowing the best tips for becoming a Contract Specialist can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

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Step 3 View the best colleges and universities for Contract Specialist

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