Contracts Administrator (Finance)
Location: Sioux Falls, SD
Shift: 8:00am-5:00pm, Monday-Friday
Job Status: Full-Time
Company: PREMIER Bankcard
About the Role
The Contracts Administrator will ensure accurate administration of all contracts in support of the business needs of the organization. Effectively manage the contract management system to fully utilize its functionality and reporting capability keeping data integrity and security at the highest level. This position will provide contract administration support including drafting, reviewing, and implementation, including facilitation of appropriate action upon renewal, expiration, or termination.
Job Duties and Responsibilities
- Ensure all contracts are accurately recorded, regularly updated, and accessible to relevant stakeholders.
- Identify, recommend, and implement advanced enhancements to contract management software to streamline processes, improve efficiency, and support contract owners in achieving compliance and operational goals.
- Utilize Vendor Management product data and IT application data to perform analyses of compliance with legal requirements. Proactively identify gaps and collaborate with stakeholders to develop and execute mitigation strategies.
- Maintain an organized and comprehensive repository, ensuring the inclusion of appropriate metadata to enable efficient and meaningful reporting to senior management. Lead initiatives to improve data accuracy and accessibility.
- Manage access requests and monitor reports for changes.
- Lead the preparation of materials and reports in response to examination and audit requests. Ensure thorough documentation and readiness for audits, identifying potential issues before they arise.
- Develop, draft, review, and continuously update procedures related to contract management functions. Champion best practices and ensure alignment with organizational objectives and compliance requirements.
- Oversee the drafting and sending of non-renewal and termination notices as needed. Proactively manage the contract lifecycle to ensure timely renewals, terminations, and adherence to contractual obligations.
- Perform various contract-related duties, including generating templates, assisting with the drafting and/or redlining of changes.
Skills and Qualifications
- Bachelor's degree in law, business, accounting, or related field preferred.
- Industry knowledge, legal operations background, and familiarity with contract management software is preferred.
- Works with full competence to plan, organize, prioritize, and oversee contract management activities to efficiently meet objectives. Typically works without supervision.
- Works with full competence to use database reporting tools and techniques. May provide technical guidance.
- Works at an advanced level to effectively and accurately comprehend, communicate, and utilize spoken and written languages in various contexts, demonstrating proficiency and adaptability in linguistic capabilities.
- Works with full competence to understand and effectively use Microsoft Office applications including Word, Excel, and Outlook.
Competitive Benefits Package
- Full medical benefits when working 20+ hours per week
- Traditional and High Deductible health plan options available
- FREE dental and vision coverage
- Generous Paid Time Off plans
- 401(k) – dollar-for-dollar match up to 5% of total compensation
- Special discounts and offers for events at the Denny Sanford PREMIER Center
- PREMIER Wellness Program
- Paid Community Volunteer Hours – PREMIER averages 30,000 hours per year
- Fun Employee Parties
Our Culture
- Emphasis on personal success, respect, health, wellness, fun and giving back
- Employees are rewarded, valued, and celebrated for hard work
- Various Career advancement opportunities and growth
- Appreciation is shown through concerts, outdoor bashes, cash, car giveaways and more
