Contract Manager I
Company: Disability Solutions
Location: Charlotte
Posted on: October 3, 2024
Job Description:
Job Description:Job Description:In Global Payments Solutions our
purpose is to develop and deliver a robust set of payment solutions
in support of our eight lines of business so consumers and
businesses choose us for their financial transaction and cash
management needs. Work with us at the confluence of responsible
growth, risk management and exceptional client care as a critical
part of the Contract Management team. The team closes contractual
negotiations with Bank of America clients around the world as
quickly and efficiently as possible, reducing time to revenue and
minimizing legal costs, while protecting both the client
relationship and BofA's risk position.The Contract Manager serves
as an internal "business consultant" regarding all contract matters
and performs the most complex work associated with client
contracting services for the organization. That work includes
drafting, negotiating, reviewing and administering complex,
high-value, multifaceted contracts, while working closely with
business stakeholders and external clients.Responsibilities include
the following:
- Apply experience, industry standards and knowledge of treasury
management products, corporate formation documents, and Bank of
America policies to address related credit, risk, compliance,
legal, operational, and business issues with our clients in the
United States and Latin America. The broader contract management
team supports all GPS cash management business which includes trade
services, card products, and deposit account control
agreements.
- Draft, negotiate, review and administer complex, high-value,
multifaceted contracts, working closely with business stakeholders
and external clients
- Facilitate communications among sales, implementation, product,
operations, compliance, risk, credit officers, legal staff, and
client managers to promptly resolve documentation issues
- Perform analytic, legal and business reviews of contractual
language in contracts, schedules and amendments and develop
general, special and operational provisions in contracts to ensure
maximum benefit to the company and to limit risk
- Apply strong verbal and written communications skills to
represent Bank of America in negotiations and communications with
clients, stakeholders and internal/external counsel at all levels
of management
- Conduct contract administration duties including contract
request receipt, contract documentation, execution and
record-keeping, ensuring the smooth flow of contract execution and
administration
- Develop strategies to resolve and manage potential problems on
major contracts to effectively meet organizational goals and
objectives
- Assess and advise business personnel of contractual issues and
business risks associated with contracts to eliminate unnecessary
liability, ensure compliance and reduce legal entanglements
- Serve as an expert resource, reinforcing, advising and
instructing company personnel on corporate policy, compliance and
legal requirements, documentation standards and options and
procedures related to developing contractual arrangementsRequired
Skills:
- Strong communicators who value giving and receiving feedback,
can easily build relationships and who are quick thinking, flexible
and always learning and sharing knowledge
- Broad knowledge of and comfort working with complex legal
documentation (contracts)
- Excellent analytical, verbal and written communications
skills
- Savvy negotiation skills, able to conduct negotiations
effectively, balancing competing objectives to achieve optimal
results
- Strong project management and process skills, able to handle a
full workload with tight deadlines and manage competing
priorities
- Demonstrate organizational and prioritization skills to manage
numerous competing, complex documentation assignments.
- Exercise sound judgment and independent decision-making,
including knowing when to escalate contract matters and issues to
managers and/or attorneys when appropriate.
- Ability to maintain objectivity in balancing bank risk with
client needs and satisfaction
- Reliability, discretion and ability to handle sensitive
information and maintain confidentialityDesired Skills:
- Undergraduate/graduate degree required with Juris Doctorate
degree, paralegal/technical contract training or equivalent work
experience preferred (minimum three years)
- Previous financial services industry experience in corporate or
commercial banking
- Previous legal experience a plus
- Knowledge of company legal structures, e.g., sole
proprietorships, partnerships, limited partnerships, LLCs,
corporations, trusts, etc.
- Familiarity with transaction banking productsShift:1st shift
(United States of America)Hours Per Week: 40
Keywords: Disability Solutions, Charlotte , Contract Manager I, Executive , Charlotte, North Carolina
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