88 Contract Manager I Jobs in Jacksonville, FL
Bank of America is Hiring a Contract Manager I Near Jacksonville, FL
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Job Description:In Global Payments Solutions our purpose is to develop and deliver a robust set of payment solutions in support of our eight lines of business so consumers and businesses choose us for their financial transaction and cash management needs. Work with us at the confluence of responsible growth, risk management and exceptional client care as a critical part of the Contract Management team. The team closes contractual negotiations with Bank of America clients around the world as quickly and efficiently as possible, reducing time to revenue and minimizing legal costs, while protecting both the client relationship and BofA’s risk position.
The Contract Manager serves as an internal “business consultant” regarding all contract matters and performs the most complex work associated with client contracting services for the organization. That work includes drafting, negotiating, reviewing and administering complex, high-value, multifaceted contracts, while working closely with business stakeholders and external clients.
Responsibilities include the following:
- Apply experience, industry standards and knowledge of treasury management products, corporate formation documents, and Bank of America policies to address related credit, risk, compliance, legal, operational, and business issues with our clients in the United States and Latin America. The broader contract management team supports all GPS cash management business which includes trade services, card products, and deposit account control agreements.
- Draft, negotiate, review and administer complex, high-value, multifaceted contracts, working closely with business stakeholders and external clients.
- Facilitate communications among sales, implementation, product, operations, compliance, risk, credit officers, legal staff, and client managers to promptly resolve documentation issues.
- Perform analytic, legal and business reviews of contractual language in contracts, schedules and amendments and develop general, special and operational provisions in contracts to ensure maximum benefit to the company and to limit risk.
- Apply strong verbal and written communications skills to represent Bank of America in negotiations and communications with clients, stakeholders and internal/external counsel at all levels of management.
- Conduct contract administration duties including contract request receipt, contract documentation, execution and record-keeping, ensuring the smooth flow of contract execution and administration.
- Develop strategies to resolve and manage potential problems on major contracts to effectively meet organizational goals and objectives.
- Assess and advise business personnel of contractual issues and business risks associated with contracts to eliminate unnecessary liability, ensure compliance and reduce legal entanglements.
- Serve as an expert resource, reinforcing, advising and instructing company personnel on corporate policy, compliance and legal requirements, documentation standards and options and procedures related to developing contractual arrangements.
- Strong communicators who value giving and receiving feedback, can easily build relationships and who are quick thinking, flexible and always learning and sharing knowledge
- Broad knowledge of and comfort working with complex legal documentation (contracts)
- Excellent analytical, verbal and written communications skills
- Savvy negotiation skills, able to conduct negotiations effectively, balancing competing objectives to achieve optimal results
- Strong project management and process skills, able to handle a full workload with tight deadlines and manage competing priorities
- Demonstrate organizational and prioritization skills to manage numerous competing, complex documentation assignments.
- Exercise sound judgment and independent decision-making, including knowing when to escalate contract matters and issues to managers and/or attorneys when appropriate.
- Ability to maintain objectivity in balancing bank risk with client needs and satisfaction
- Reliability, discretion and ability to handle sensitive information and maintain confidentiality
- Undergraduate/graduate degree required with Juris Doctorate degree, paralegal/technical contract training or equivalent work experience preferred (minimum three years)
- Previous financial services industry experience in corporate or commercial banking
- Previous legal experience a plus
- Knowledge of company legal structures, e.g., sole proprietorships, partnerships, limited partnerships, LLCs, corporations, trusts, etc.
- Familiarity with transaction banking products
Hours Per Week: 40
Job Summary
Contractor
Banking
$91k-120k (estimate)
06/22/2024
07/20/2024
bankofamerica.com
FARMINGTON, NM
>50,000
1968
LINDA BOYCE
>$50B
Banking
Related Companies
About Bank of America
Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.
The job skills required for Contract Manager I include Contract Management, Negotiating, Project Management, Written Communication, Confidentiality, Risk Management, etc. Having related job skills and expertise will give you an advantage when applying to be a Contract Manager I. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Contract Manager I. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Contract Manager I positions, which can be used as a reference in future career path planning. As a Contract Manager I, it can be promoted into senior positions as a Contracts Administration Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Contract Manager I. You can explore the career advancement for a Contract Manager I below and select your interested title to get hiring information.
If you are interested in becoming a Contract Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Contract Manager for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Contract Manager job description and responsibilities
Contract managers write up contracts related to the purchase or sale of goods and services and then track those contracts through their lifecycles.
03/30/2022: Raleigh, NC
This entails reviewing, updating and drafting contracts such as employments agreements, asset purchase agreements, master services agreements, operating agreements and a variety of business and commercial contracts.
02/12/2022: Santa Barbara, CA
A contract manager works to ensure that legal documents move smoothly and quickly from creation, through collaboration and negotiation to signature.
04/02/2022: Peoria, IL
Contract management software provides a consistent and robust automated process for management of contracts and the associated responsibilities.
04/06/2022: Tampa, FL
Review amendments, specifications and other exhibits that may be required for conformity to contract requirements and determine acceptable.
01/26/2022: York, PA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Contract Manager jobs
Contract managers should be fully adept at risk management regardless of any other teams or departments.
02/19/2022: Yakima, WA
They must be able to quickly locate contracts, plan ahead of key dates and keep negotiation and execution activities on schedule.
04/08/2022: Harrisburg, PA
They must have a strong understanding of the risks of each prospective contract and the potential legal and financial consequences associated therewith.
02/01/2022: High Point, NC
They must be highly detail-oriented, punctual and organized.
03/12/2022: Sarasota, FL
The effective Contracts Manager needs a detailed understanding of the methods available for measuring performance and more simply to be comfortable with numbers.
02/24/2022: Boulder, CO
Step 3: View the best colleges and universities for Contract Manager.
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