[Hiring] Contract Associate II @Labcorp

Role Description

Labcorp is seeking a US remote based Contract Associate II to join our team to support our Mid-America division.

Work Schedule:
• Monday – Friday, 8am – 5pm central time zone

Job Responsibilities:
• Provide end-to-end contracting of divisional client contracts, including drafting, reviewing, negotiating, and ensuring compliance with internal policies and legal requirements.
• Play a key part in supporting business objectives with urgency by facilitating timely contract execution, managing exceptions, and maintaining strong client relationships through clear and effective contract processes.
• Provide coaching and training for new hires on contracting policies and best practices.
• Work with a team of contracts professionals in all aspects of contract creation and management.
• Draft, review and negotiate high profile, complex client contracts using pre-approved corporate templates, ensuring consistency and adherence to company policies and risk standard, escalating as needed.
• Review redlines using pre-approved language (approved deviations) and make determinations. Request escalations to Contract Associate III or management as needed.
• Address client questions, and drafts emails and or participates on calls related to client questions.
• Escalate client concerns on information requests, compliance confirmations, pricing and business team questions, and requests for client calls as needed.
• Provide escalation assistance for redlines outside of pre-approved optional language.
• Prepare requests for Law Department review and sends contracts for Law Department review.
• Secure contract signatures, returns executed documents to the client and returns contracts to corporate teams. Loads final documents into the contract management system.
• Clearly and accurately informs clients and management of the status of ongoing projects, including time frames, changes to plans, problems, solutions, etc.
• Work with management on annual reporting per law department and compliance policies.
• Provide status tracking of unique, challenging client contracts inside the life cycle (e.g., chasing signatures, etc.).

Escalate, as needed.
• Partner with the Law Department to interpret contractual terms, resolve disputes, and ensure adherence to applicable laws, regulations, and internal standards.
• Work closely with business units to understand client requirements, operational objectives, and service expectations to translate them into contractual terms.
• Advise internal stakeholders on contract structure, process, and risk considerations. Coordinate with stakeholders to identify and resolve contract exceptions and escalations.
• Create, update, and maintain client records within the contract management system, ensuring data accuracy and completeness.
• Ensure accuracy, consistency, and completeness of client records in the contract management system.
• Monitor for duplicate, missing, or inconsistent client data and oversee resolution of discrepancies.
• Provide monitoring of unique/challenging client bid opportunities and communicates such opportunities to management for assignment.
• Assist in the preparation and submission of bid proposals in response to RFPs, RFQs, and other solicitation documents, including crafting responses to bid questions utilizing standard pre-approved language.
• Coordinate with cross-functional teams to gather necessary documentation, pricing, and compliance information.
• Review bid terms and conditions to identify contractual obligations, risks, and compliance requirements, as assigned by management.
• Track bid timelines, deadlines, and approvals to ensure timely submission.
• Package proposal for legal review and submission out to routine clients.
• Secure signatures, returns executed documents, and loads into contract management system.
• Support post-bid clarifications and contract award negotiations.
• Communicate bid submissions and results to the Law Department for Monthly Report.
• Attend calls, as assigned, with M&A Project Team to learn about Target Company, clients, service offerings, etc.
• Perform reviews of the client contracts in the Project data room, to look for service offerings, etc., that are non-standard for Labcorp, and which should be brought to the Project Team calls.
• Create new contracts/assignments of contracts, where needed.

Qualifications
• High school diploma or equivalent and 5 years or more of experience in contracts management OR Associate’s degree and 3 years or more of experience in contracts management.

Requirements
• 2 years or more of experience in healthcare industry contracts management.
• Associate’s degree and 5 years or more of experience in contracts management.

Benefits
• Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan for employees regularly scheduled to work 20 or more hours per week.
• Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan.
• Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.