Procurement Contract Analyst

6 months ago

Toronto, Canada CPP Investments Full time

Company Description

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney. 

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe. Join our team and look forward to:

Diverse and inspiring colleagues and approachable leaders Stimulating work in a fast-paced, intellectually challenging environment Accelerated exposure and responsibility Global career development opportunities Being motivated every day by CPP Investments’ important social purpose and unshakable principles A flexible/hybrid work environment combining in office collaboration and remote working A deeply rooted culture of Integrity, Partnership and High Performance

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.

Job Description

The Procurement Contract Analyst, part of the Technology and Operations, Source-to-Pay team, supports the end-to-end contracting lifecycle process and liaises with the Legal team as required. Their key responsibilities include managing the end-to-end contract lifecycle in our contract management system (Onit), supporting Contract Owners as required, maintaining high quality contract data and analysis, and supporting the execution of contracting activities (, negotiation, amendments, drafting, obtaining internal approvals and signatures) in line with requirements and directives from the Category & Vendor Management and the Legal teams.

Key Responsibilities:

Manage data quality and validate the intake form within the CLM tool to ensure the information is complete and accurate. Support Contract Owners in contract creation and review by utilizing the intake forms, directives, playbooks, and other guidance provided by Legal team. ( select appropriate CPP Investments contract template, draft/redline the contract terms & conditions, etc.). Collaborate with Category Managers to ensure alignment with the category strategy and approach. Work with the Legal team to ensure the regulatory and legal contractual terms are drafted appropriately based on the engagement type. Liaise with third party risk management counterparts to incorporate risk considerations into the agreement based on the due diligence outcome. Support and follow up on the 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 the agreement terms by both parties, as required. Assist Contract Owners in completing the 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 ( contract expiry analysis, variances in standard terms, cycle times etc.).

Qualifications

Skills & Capabilities

Familiarity with contract terminologies & their implications. Knowledge on professional service contracts is preferred. Detail-oriented with strong analytical and problem-solving skills to scrutinize contract terms, identify potential risks, inconsistencies and suggest solutions for issue/dispute resolution and risk mitigation. 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.

Qualifications

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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