Procurement Contract Specialist

4 weeks ago

Toronto, Ontario, Canada CPP Investments Full time
Procurement Contract Analyst

At CPP Investments, we're seeking a skilled Procurement Contract Analyst to join our Technology and Operations, Source-to-Pay team. As a key member of our contracting lifecycle process, you'll support the end-to-end contracting lifecycle, liaise with the Legal team, and ensure high-quality contract data and analysis.

Key Responsibilities:
  • Manage data quality and validate the intake form within the CLM tool to ensure accuracy.
  • Support Contract Owners in contract creation and review, utilizing intake forms, directives, playbooks, and guidance from the Legal team.
  • Collaborate with Category Managers to ensure alignment with the category strategy and approach.
  • Work with the Legal team to ensure regulatory and legal contractual terms are drafted appropriately.
  • Liaise with third-party risk management counterparts to incorporate risk considerations into agreements.
  • Support and follow up on authorizations and approvals for contracts with CPP Investments signatories and vendors.
  • Facilitate vendor negotiation discussions and support Contract Owners in releasing contract renewals or amendments.
  • Maintain contract records and manage contract versions to ensure accuracy and ease of retrieval.
  • Proactively track pipeline for upcoming contract expiry and follow up with Contract Owners to take necessary action.
  • Handle day-to-day activities throughout the end-to-end contract lifecycle processes in collaboration with Contract Owners and in line with CPP Investments' policies and procedures.
  • Support Contract Owners to ensure adherence to agreement terms by both parties, as required.
  • Assist Contract Owners in completing contract closeout activities at the end of vendor engagements.
  • Perform analysis and develop reporting to help identify opportunities for improvement and efficiency and to support decision making.
Qualifications:
  • Familiarity with contract terminologies and their implications.
  • Detail-oriented with strong analytical and problem-solving skills to scrutinize contract terms, identify potential risks, inconsistencies, and suggest solutions.
  • Strong proficiency in written communication skills to draft contracts and verbal communications skills to support vendor negotiations.
  • Ability to prioritize tasks and support multiple engagements across various business teams with minimal oversight.
  • Proficiency in contract management software (preferably Onit) and Microsoft Office Suite.
Requirements:
  • University degree or diploma education, preferably in business administration or paralegal courses.
  • Minimum 3 years of work experience in contract management profile.

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