Contracts Manager II
Navy Federal Credit Union
Contract Management Specialist
To support Navy Federal’s business objectives by managing the pre-award, negotiation, and post-award contracting processes for the acquisition of services, materials, and equipment. Works independently with limited guidance.
Responsibilities
- Support Navy Federal Procurement team’s objectives by negotiating, executing, and managing commercial contracts for the acquisition of technology-related products and services
- Draft, review, and negotiate commercial contracts in the area of technology across different product categories. Experience with cloud services and artificial intelligence (AI) terms negotiations is a bonus
- Lead negotiations on contract modifications with stakeholder input
- Assist internal stakeholders with contractual matters, requirements, risk management, and mitigation strategies
- Ensure the level of effort and attention to detail is commensurate with the complexity, value, and risk associated with acquisition
- Establish an acquisition strategy to include the type of contract, milestones, and business requirements
- Coordinates review of contracts or purchase agreements with Procurement Management and in conjunction with Office of General Counsel, as required
- In conjunction with the Business Unit, analyzes vendor proposals and price quotes. Performs cost or price analysis, including review of cost breakdowns to determine reasonableness
- In conjunction with the Business Unit, develops negotiation objectives and leads negotiations related to contract pricing, terms, and conditions with potential contractors. As appropriate, confers with offices of General Counsel, and subject matter experts
- Prior to contract execution, meets with Business Units and vendor and reviews key contract terms, conditions, and requirements including deliverables, and timelines
- Interprets contract provisions for Business Units and provides appropriate guidance
- Leads negotiations on contract modifications
- Closes out the contract or issues termination notices and reviews settlement proposals
- Presents alternatives and recommendations to solve unique and complex problems
- Ensure clear, concise, and effective communication
- Anticipates issues and identifies solutions
Qualifications
- In-depth knowledge of and direct experience with commercial contracts and contract law, terms, and conditions
- Experience in acquisition planning, strategy development, negotiations, contract management and administration, pricing analysis, and acquisition related requirements
- Significant knowledge of commercial and business practices to develop, execute, and manage contracts
- Significant knowledge evaluating and mitigating risk in contracts
- Skill exercising initiative and using good judgment to make sound decisions
- Effective word processing and spreadsheet software skills
- Advanced verbal and written communication skills
- Advanced knowledge of cost containment strategies
- Ability to multitask and work effectively, both independently and in a team environment, ensuring timely completion of assignments and meeting established standards
- Advanced research, analytical, and problem-solving skills
- Effective skill interacting tactfully and effectively in complex negotiations with multiple stakeholders and priorities
- Bachelor’s degree or above in Business, Contract Management, Information Technology, or related field. Highly desirable: Juris Doctor
Hours:
Monday - Friday, 8:00AM - 4:30PM
Location:
820 Follin Lane, Vienna, VA 22180
Required Skills
- Contract Compliance
- Contract Law
- Contract Specification
- Data Privacy Management
- Vendor Negotiation
Vacancy posted 1 day ago
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