Contracts Specialist

Description

2 days onsite in Newark

Position Summary

• The candidate will be responsible for developing, drafting, negotiating, and interpreting a wide range of complex contracts from RFP award through execution.
• This role includes managing all contractual aspects to ensure alignment with corporate policies and state mandates.

Key Responsibilities

• Draft, negotiate, and interpret contracts (e.g., MSA, BAA, SaaS, licensing, IT services, SLAs) of varying complexity.
• Independently manage high volumes of complex agreements with minimal supervision.
• Ensure contract compliance with client’s policies, regulatory requirements, and NJ state mandates.
• Provide legal guidance to sourcing and cross-functional teams at all levels of the organization.
• Conduct contract reviews and risk assessments, identifying non-compliance issues and mitigation strategies.
• Collaborate closely with Legal Affairs, Privacy, Contract Management, and subject matter experts.
• Negotiate with vendors and communicate contract terms, risks, and strategies to internal stakeholders.
• Utilize contract tools (e.g., Workday Strategic Sourcing, DocuSign) and Excel for analysis and reporting.

Required Qualifications

• Education: Juris Doctor or equivalent in-house transactional legal experience.
• Experience: 7–10+ years negotiating and drafting commercial contracts, including:
• SaaS, licensing, IT support/maintenance agreements
• Regulatory compliance (NJ State Programs and flow-downs)
• Health insurance or payer-side experience preferred
• Strong understanding of contract law, risk allocation, and regulatory frameworks.
• Skilled in high-volume contract management, problem-solving, and strategic negotiations.
• High proficiency with Excel, MS Office, and contract lifecycle tools, Workday Strategic Sourcing and DocuSign a plus.

Core Competencies

• Legal acumen and risk mitigation
• Stakeholder collaboration and influence
• Contract lifecycle and workflow management