Job Description:At Regions, the Legal Contract Administrator supports the review, negotiation, drafting, and administration of contracts and related requirements. This position works closely with attorneys and key stakeholders in facilitating timely and effective contracting outcomes while helping mitigate risk.
Primary Responsibilities- Reviews, drafts, and negotiates vendor-related contracts using approved templates, playbooks, clause libraries, fallback positions, and escalation procedures
- Identifies deviations from approved contracting standards and escalates material legal, regulatory, financial, operational, or reputational issues to the appropriate attorney or control function
- Negotiates routine and previously approved contractual provisions within delegated authority
- Reviews contract documents for accuracy, completeness, consistency, and alignment among related agreements
- Manages assigned matters throughout the contracting process, including intake, internal review, negotiation, approval, execution, and record retention
- Coordinates input and approvals from relevant departments and control functions and serves as a liaison among Legal, internal stakeholders, and vendors to facilitate contract completion
- Supports the preparation of contract summaries, issue lists, negotiation trackers, and decision materials
- Maintains accurate data regarding contract status, cycle time, volume, agreement type, risk level, negotiation outcomes, and escalation activity
- Understands, maintains, and proactively communicates operational metrics, contracting trends, and broader business issues to leadership
- Supports effective use of contract lifecycle management technology, electronic signature tools, workflow systems, and approved artificial intelligence (AI) tools
- Maintains the confidentiality of attorney communications, legal advice, negotiation strategy, and other sensitive information
- Coordinates work of various departments, and acts as liaison between the Bank and vendors to complete contracts
- Reviews progress, evaluates results, performs data analysis, and escalates to management as necessary
- Readily identifies risks, gaps, and issues and recommends changes in procedures to leadership
- Leads changes associated with recommendations with minimal supervision
- Understands, maintains, and proactively discusses operational metrics and larger business issues with leadership
- Performs other responsibilities as assigned
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements- Bachelor's degree in related field and five (5) years of related experience
- Or High School Diploma or GED and nine (9) years of related experience
- Experience identifying contractual risk and applying established negotiation guidance and escalation standards
- Experience negotiating terms related to vendor contracts
Preferences- Applicable, relevant professional certifications (e.g., paralegal, contract management, etc.)
- Experience with applicable systems (e.g., Ariba, Archer, Onit, etc.)
- Experience with contract lifecycle management systems and electronic signature tools
- Experience working within a corporate legal department or directly supporting attorneys
Skills and Competencies- Ability to manage multiple priorities simultaneously
- Ability to research, analyze data, and derive facts
- Ability to work collaboratively in a cross functional team environment
- Ability to work in a team environment when applicable
- Ability to work independently within established authority and with limited guidance
- Ability to work under pressure and meet deadlines
- Advanced understanding of contract terms and concepts
- Demonstrated leadership and change management capabilities
- Effective problem solving and negotiation skills
- Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
- Strong attention to detail
- Strong verbal, written communication, and organizational skills
- Strong work ethic and self-motivation
Position TypeFull time
Compensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:Minimum:$83,776.00 USD
Median:$115,070.00 USD
Incentive Pay Plans:This job may participate in an annual discretionary bonus plan.
Benefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
- Paid Vacation/Sick Time
- 401K with Company Match
- Medical, Dental and Vision Benefits
- Disability Benefits
- Health Savings Account
- Flexible Spending Account
- Life Insurance
- Parental Leave
- Employee Assistance Program
- Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location DetailsRegions Center
Location:Birmingham, Alabama
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
