Senior Contract Manager

  • Full Time
  • Anywhere
  • Posted 2 weeks ago

At The Standard, you’ll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.

Ready to reach your highest potential? Let’s work together.


The Senior Contract Manager will have primary responsibility for supporting Standard Insurance’s internal stakeholders with the procurement of services, products, commodities and professional services from various third-party providers. As part of the Supplier Management & Governance team. This role is responsible for developing and leading purchasing and sourcing strategies in collaboration with business partners and budget managers. Senior Contract Managers facilitate the selection of third-party providers through effective negotiations of contracts and service agreements in adherence to company policies and procedures. Effective communication, reporting, and stakeholder coordination are essential delivery elements to ensure customer satisfaction, team member satisfaction and financial success.

Additionally, the Senior Contract Manager researches and maintains current views of industry and supplier capabilities, market intelligence and financial analyses to effectively assist with customer sourcing needs. This role partners with key internal business areas such as Legal & Compliance, Human Resources, Third Party Risk Management, IT Asset Management, and Information Security to mitigate a variety of risks.


What You’ll Do

  • Proactively develop and manage positive relationships with customers, suppliers, stakeholders, peers, and business partners; must be able to balance, influence and align internal customer needs with corporate business goals
  • Develop commercial engagements within the procurement lifecycle including supplier selection, negotiation planning, supplier service level agreements (SLAs), SLA penalty framework, cost savings contract negotiations, and executing agreements.
  • Meet and exceed the expectations and requirements of internal and external customers, establishing and maintaining effective relationships and gain their trust and respect, i.e. a trusted advisor.
  • Act as a consultant to business partners in the supplier sourcing process, communicating approach for vendor agreement negotiations and/or ongoing projects
  • Draft and redline commercial components of master purchasing and service contracts, statements of work, and non-disclosure agreements
  • Demonstrated competency in facilitating, leading and influencing decision-making Enforce Software and Hardware Asset Management compliance, and Procurement Guidelines.
  • Assist with risk analysis to identify issues (financial, operational and/or regulatory) and develop risk mitigation strategy. Communicate risks and alternative mitigation strategies to business owners and cross functional partners
  • Lead continuous quality improvements in processes and tools resulting in increased efficiencies
  • Maintain awareness of key market trends and pricing as well as the availability of new products and services within the indirect spend categories. Recommend and/or counsel others on these changes and innovations.
  • Mentor Sourcing & Contract Managers on stakeholder and project management, with a special emphasis on collaboration
  • Project management skills with the ability to lead and prioritize activities.
  • Support of supplier management and governance for strategic supplier relationships
  • Follows the strategic direction set by senior management when establishing near term goals.


The Skills and Background You’ll Need


  • Bachelor’s degree or equivalent work related experience


  • Deep Knowledge of Procurement Strategy, Processes and Tools.
  • 6-10 years contract and sourcing management.
  • Experience in implementation and management of sourcing strategy and vision
  • Negotiation of project, outsourced service and asset based supplier contracts
  • Proficient in the use of MS SharePoint, Excel, Word and PowerPoint.
  • Experience in process improvement, as well as Agile and/or Lean methodologies
  • Knowledge of legal terminology and language related to supplier agreements.
  • Proven negotiation, contracting and project management skills.
  • Demonstrated success in designing presentations for senior management.
  • Flexibility and adaptability to effectively adapt to new scenarios and changes.
  • Demonstrated ability to inspire others and build effective teams, as well as being a strategic thinker and an excellent communicator.

Professional certification required:

CPSM, C.P.M., CPIM, or CSCP or equivalent is strongly preferred




Note: The Standard is required to provide a reasonable estimate of the salary for this role when hiring a Colorado resident. The salary for employees working in Colorado in this role is listed below. The Standard’s package also includes incentive plan participation and comprehensive benefits including medical, dental, vision, retirement, and paid time off.

  • Please note, eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

$96,800.00 – $169,700.00


Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.


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