17 Aug
Nameless
Bengaluru
- Act as Thomson Reuters subject matter expert for assigned supplier contracts
- Act as an escalation point on supplier matters, liaising with and advising the business and TR senior leaders as necessary, to achieve the best outcome for Thomson Reuters
- Manage and negotiate to resolve major disputes, including on SLAs, unit rates, and contract compliance, to minimize commercial leakage and risk while sustaining healthy partnerships with suppliers
- Control costs and limit financial risk and exposure through managing contracts and negotiating contract changes and settlements
- Ensure contract deliverables and obligations, as well as stakeholder expectations, are met using Obligation Management practices and tools
- Diagnose supplier performance and compliance issues relating to the contract, as well as recommend options and secure buy-in for plans to improve supplier performance/compliance
- Manage, draft, redline, and negotiate contract changes including amendments and change requests and secure internal buy-in/approvals
- Implement a methodology for price and performance benchmarking to ensure agreements remain commercially optimized over time
- Implement best practice contract and commercial governance to reduce value leakage and erosion including adoption of a commercial issues log and leading contract and commercial governance meetings.
- Support 360-degree supplier relationship assessments and joint account planning with suppliers
- Drive creation of formal supplier strategies in coordination with the business, stakeholders and senior leaders
- Support Executive Business Review meetings and planning to align executives of Thomson Reuters and our most important suppliers on how to optimize the 360-degree relationship (buy from, sell to, partner with)
- Represent Supplier & Contract Management in operational/service management governance forums with strategic suppliers.
- Manage contract terminations for cost-efficient and successful contract exits
Scope of Impact:
- Provide expert counsel support to business and stakeholders.
- Proactively manage global suppliers, including their account leaders, to industry best practices for a reduced risk perimeter and to minimize value leakage and erosion.
- Drive achievement of contracted deliverables and obligations by implementing formal Contract Obligation Management.
- Perform rigorous issue management and resolve supplier disputes through contract expertise and negotiation.
- Achieve value beyond the contract through market-leading 360-degree supplier relationship management methodologies.
About You,
- Law degree (LLB) / Advanced degree (JD, LLM, MBA) - Mandatory.
- Experience in contract management and/or supplier relationship management discipline, including experience of successful management of global contracts in excess of USD 15m value
- Combined 5 years of experience in contract management, supplier relationship management, strategic sourcing, and/or contract-related discipline.
- 3 years of contract management or supplier relationship management experience
- Advanced negotiation and contract drafting skills, familiarity with contract and commercial management methodology, and a demonstrated track record of working ethically to achieve excellent outcomes.
- Advanced fluency in contract terminology (including legal and business terms and SLAs) and ability to master highly complex contracts.
- Rigorous attention to detail, expert analytics,
advanced ability to interpret contract terms and conditions and advise and make recommendations.
- Strong business acumen with ability to navigate and analyze complex commercials of a deal
- Strong ability to manage a varied range of stakeholders.
- Excellent (external and internal) relationship management
- Excellent written and verbal communication skills
- Advanced strategic thinking and communications skills
- Advanced skills in Microsoft Office Suite including Word, Excel, and PowerPoint, as well as SharePoint and Teams
- Advanced project management skills and the ability to drive supplier and stakeholder deliverables to completion.
Skills: Contract Management, Word, Project Management,
Powerpoint, Slas, Contract Drafting, Analytics, Communications, Strategic Thinking, Negotiation, supplier relationship management , Sharepoint, Legal, Excel, Microsoft Office Suite
Experience: 3.00-5.00 Years
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