Location Designation:Hybrid - 1 day per quarter

Join Corporate Finance where expertise meets strategic impact. Partner with diverse business units, providing financial insights and guiding sound decision-making. You'll work collaboratively to ensure data accuracy, implement robust controls, and safeguard policy owner interests. Become part of a team dedicated to financial stewardship, enabling business performance, and paving the way for a secure future for generations to come.

This newly created position is part of the Contract Administration Group in New York Life's Procurement Organization. The primary purpose of this position is the administration and management of New York Life's contract repository (currently SAP Ariba) which includes such diverse tasks as maintenance of day-to-day contract inventory, contract reporting, system related oversight, post-execution contract support and frequent interaction with company stakeholders pertaining to contract related issues and questions. The individual in this position is expected to have strong legal acumen and have deep understanding of the contract lifecycle process.

What You'll Do:

Serve as a subject matter expert and process owner in the management of the contracts database, including data tracking and entry.
Act as a point of escalation for procurement team members and company stakeholders for contract database related matters and questions.
Assist with maintaining, developing, implementing, and continuously improving processes and procedures for consistent, compliant, and efficient contracting processes and operations within Procurement.
Assist with design, build out, and maintenance of contract management system and associated contract databases; including the migration and implementation of a new contracting system as may be determined by the Procurement Organization.

Partner with the Supplier Management, Procurement Operations and Third Party Risk teams to further enhance contract/vendor inventory data quality that originates within Ariba Sourcing and Contracts and run analytics on the data to ensure accuracy.
Partner with vendor management groups as needed with respect to the tracking of contract service levels, terminations, vendor-related changes, and similar contract activity.
Initiate, track and monitor contract changes, deliverables, correspondence and risks, and maintain associated documentation as needed.

What You'll Bring:

Experience with all aspects of the contracting process as paralegal, contract manager or contract administrator.
Strong organizational skills and attention to detail.
Ability review and analyze contracts quickly and accurately with extensive working knowledge of commercial legal principles and terms.
Practical business judgment and problem-solving skills.
Knowledge of strategic sourcing practices and contracting compliance objectives and best-practices.
Ability to multitask and work under pressure to meet specific deadlines while staying aligned with multiple stakeholders.
Excellent, clear, concise and timely communication skills (both verbal and written).
Financial services company experience preferred.

Additional Qualifications

Undergraduate degree preferred, paralegal or similar professional degree preferred.
A minimum of 5+ years of relevant contract administration experience in a procurement group, in-house legal department or law firm.
Experience with purchasing systems, contract management systems and organizational interfaces (including e-procurement, Ariba, SAP and e-RFP tools).
Proficiency in Microsoft applications: Excel, Word, PowerPoint, SharePoint, Power BI.

Pay Transparency

Salary Range:$62,400-$90,000

Overtime eligible:Exempt

Discretionary bonus eligible:Yes

Sales bonus eligible:No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID:91351