Minimum of six years in a corporate legal environment or private practice.
Must be admitted to the Indiana Bar.
Experience with contract negotiation and compliance is critical.
Knowledge of third party risk management is preferred.
Responsibilities
Serve as primary legal resource for vendor contract reviews.
Represent General Counsel in contract negotiations and compliance.
Coordinate legal reviews with General Counsel as needed.
Train and educate the Corporate Procurement team on contract matters.
Initiate and maintain thorough contract review documentation.
Investigate and resolve contract-related issues.
Prepare for and assist in third party risk management audits.
Benefits
Base pay plus bonuses
Medical, dental, and vision insurance
401k retirement plan
Health savings and flexible spending accounts
Paid vacation and sick time
Paid holidays
Paid parental leave
Tuition reimbursement
Full Job Description
First Merchants Bank is seeking a Senior Contract Analyst to join our team! This position will assist the Director, Corporate Contract and Procurement in the administration, oversight, and delivery of legal services related to Corporate Contract Management. Provide and coordinate all legal review activities in the contract functions to ensure that the Corporation's legal rights are protected, and its operations are maintained within the limits prescribed by policy, law, and regulations. Select and coordinate work with general counsel when necessary. Assist the Director, Corporate Contract and Procurement in the administration, oversight of the Vendor Management program, as well as other procurement responsibilities.
As part of this role you will:
Serve as primary legal resource for vendor contract reviews.
Represent/act as the delegate of the General Counsel in contract negotiations, contract management, and contract compliance for the Bank and the Corporation.
Coordinate further review with general counsel for the defined subset of contracts as defined in policy.
Advise, train, and educate the Corporate Procurement team on matters related to contract reviews.
Initiate and maintain contract review documentation.
Investigate and follow-through on contract issues.
Advise and interpret contract requirements, obligations, and risks.
Confer with management on amendments and settlements.
Create and communicate concise and consistent contract provisions.
Requires drafting, reviewing, analyzing, redlining and negotiating a wide range of contracts and agreements to attain achievable risk levels.
Must have the ability to identify and assess risk and communicate effectively with internal team members, business partners, and counsel.
Negotiate contract terms, payment structure, and reimbursement.
Compare counterpart contract terms with legal requirements and policies.
Management committee participation as requested.
Perform various administrative duties related to third party risk management (TPRM).
Assist in the oversight of the periodic assessments of third parties.
Assist in providing training and assistance to vendor managers and point persons responsible for meeting requirements of the TPRM program.
Detect and analyze problems by reviewing information that has been obtained.
Participate in the maintenance of the Third Party inventory.
Perform onboarding, classification, ongoing maintenance and assessment activities and other data updates.
Prepare periodic reports.
Escalate concerns to the Director, Corporate Contract and Procurement.
Assist in preparing for third party risk management audits and exams.
Assist the Director, Corporate Contract and Procurement, and Senior Management in these duties:
Enable and cooperate with departments like legal, operations, credit, and accounting.
Handle multiple projects in a fast-paced team environment.
Exercise judgement and work under pressure and persuade parties in full fairness of company's position.
In order to be successful in this position, we require the following:
Undergraduate and law school degrees.
A minimum of six (6) years of progressively increasing responsibility in a corporate legal environment or private practice.
