Contract Associate II

🔥 38 minutes ago

🌲 North Carolina – Remote

🌲 North Carolina – Remote

💵 $55k - $70k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

🚫👨‍🎓 No degree required

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Labcorp

WebsiteLinkedInAll Job Openings

10,000+ employees

🏥 Healthcare

💊 Pharmaceuticals

🧬 Biotechnology

💰 $2G Post-IPO Debt - LabCorp on 2024-09

Healthcare • Pharmaceuticals • Biotechnology

Labcorp is a global leader in laboratory services, diagnostics, and drug development. The company provides testing, data and scientific insights to doctors, hospitals, pharmaceutical companies, researchers and patients, reaching more than 160 million patients annually. Labcorp operates a large global laboratory footprint with roughly 71,000 employees across 100+ countries and invests in advanced technologies (including AI and digital solutions) to accelerate drug development, support precision medicines (such as cell and gene therapies and oncology diagnostics), and inform clinical decision-making.

📋 Description

• Perform the vendor contracting function and oversee the full lifecycle of vendor agreements from drafting and negotiation through execution, renewal, and termination • Provide coaching and training for new hires on contracting policies and best practices • Facilitate all phases of the vendor contracting process for timely and accurate execution • Draft and prepare contracts using pre-approved corporate templates • Review, analyze, and negotiate vendor-provided contract documents • Review and respond to redlines and proposed revisions, coordinating with counsel on escalations or non-standard terms • Collaborate with counsel and business stakeholders to align contracts with business intent, operational needs, and compliance obligations • Maintain template libraries, clause banks, and contracting playbooks • Serve as primary point of contact between contracting and counsel teams • Confer with counsel to interpret contractual terms, resolve disputes, and ensure legal and internal compliance • Advise internal stakeholders on contract structure, process, and risk considerations • Conduct training and provide guidance to business teams • Support vendor due diligence, onboarding, ongoing monitoring, audits, and compliance • Track contract obligations, renewals, and compliance milestones • Improve contracting workflows, procedures, and turnaround times • Use CLM systems and reporting tools to monitor contracting activity, cycle times, and bottlenecks • Develop metrics and dashboards for contracting performance, risk exposure, and vendor compliance • Identify opportunities to increase efficiency, reduce cost, and improve contract quality

🎯 Requirements

• High school diploma or equivalent • Associate’s degree with 2+ years relevant experience • 1+ years experience drafting and negotiating contracts, including reviewing redlines and vendor-provided documents • Organization skills and ability to adapt to high pressure situations • Good verbal and written communication skills • Experience with Microsoft Office and Adobe • Ability to change directions in workload based on required timeframes • Ability to work independently and as a team, with little to no supervision

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • Short-term disability (STD) • Long-term disability (LTD) • 401(k) • Paid Time Off (PTO) or Flexible Time Off (FTO) • Tuition Reimbursement • Employee Stock Purchase Plan

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