What are the responsibilities and job description for the Procurement Contract Manager position at First Horizon?
Summary
The Procurement Contract Manager oversees the full lifecycle of supplier and vendor contracts, ensuring alignment with business needs, and compliance with company policies in an ever-changing regulatory environment. This includes managing upcoming contract renewals and expirations, as well as contract database maintenance. This is a strategic position that supports operational excellence, enhances vendor relationships, and strengthens risk management and compliance throughout the contract management lifecycle.
Location: Charlotte, NC; Memphis, TN; or Lafayette, LA
Schedule: Monday – Friday 8AM – 5PM
Essential Duties & Responsibilities
- Contract Development, Analyzes & Negotiation
- Draft, review, and negotiate procurement contracts (such as but not limited to: MSAs, SOWs, NDAs, Order Forms, etc.)
- Responsibility for ensuring Banks contracts comply with internal policies/standards, legal requirements, and regulatory obligations.
- Vendor & Stakeholder Collaboration
- Partner with sourcing managers, business owners, and suppliers to support strategic sourcing initiatives.
- Act as the primary point of contact for internal contract-related questions and requests contracts or contractual data.
- Collaborate with legal and finance teams to ensure compliance and appropriate risk allocation.
- Recommending and implementing process improvements to enhance Banks’ contracting processes.
- Contract Lifecycle Management (CLM)
- Manage contract repository and ensure accurate documentation of all agreements.
- Contract Pipeline Reporting: Tracking key Contract dates and statuses (renewals, expirations, deliverables)
- Proactively managing renewals and non-renewals (initiate and execute as needed.)
- Assist in the Quality Control process to maintain data integrity and enhance metadata.
Qualifications
- Education: Bachelor’s degree in Supply Chain, Procurement, Business Administration, Finance, or related field.
- Juris Doctor (JD) is preferred but not mandatory.
- 5 years in procurement contract management, strategic sourcing, or vendor management, preferably in a banking or financial industry.
Skills
- Strong knowledge of procurement processes and contract governance.
- Deep understanding of contract drafting, negotiation and administration, along with exceptional business insight and analytical skills.
- Strong problem solving and decision-making skills.
- Strong organizational and planning skills as well as an exceptional attention to detail.
- Must be able to work with minimal supervision and in a fast-paced environment.
- Familiarity with CLM systems and procurement platforms (e.g., Coupa, Ariba, SAP, Oracle).
- Very strong written, verbal and interpersonal communication skills.
- Ability to manage multiple projects simultaneously and work cross-functionally.
- Interact effectively across departments and thrive in a team-oriented environment.
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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