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Navy Federal Credit Union

Contracts Manager III

Navy Federal Credit Union, Vienna, Virginia, United States, 22184

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Overview

To support Navy Federal's business objectives by negotiating, executing, and managing commercial contracts for the acquisition of goods and services. Works independently with very limited guidance or oversight.

Responsibilities

Draft, review, and negotiate a variety of complex commercial contracts

Establish acquisition strategy to include solicitation method, vendor selection process and/or justifications for sole/single source acquisition, the type of contract to be used for the acquisition, terms and conditions, requirements, milestones, etc.

Provide advice to internal stakeholders on contractual matters, requirements, risk management, and mitigation strategies

Coordinate/develop pre-negotiation objectives

Lead negotiations on contract modifications with stakeholder input

Anticipate contractual issues and present recommendations to address and solve

Ensure the level of effort and attention to detail is commensurate with the complexity, value, and risk associated with the acquisition

Pre-award phase: collaborate with internal stakeholders to develop a robust acquisition strategy that includes clear and measurable requirements, appropriate milestones, and clearly defined acceptance criteria

Plan, develop, analyze, and oversee the solicitation process for large and complex purchases

Facilitate development of acceptable service level agreements in contracts requiring definitive levels of service or contracts in which service outages have substantial negative impacts

Assess contractual sufficiency and recommend appropriate actions to stakeholders

Award or recommend contracts within delegated contracting authority for award

Post Award: Retain overall responsibility for life of contract and monitoring of performance, compliance, and other contractual obligations

Coordinate and oversee contract administration and contract quality assurance to include adherence to service level agreements and requirements satisfaction

Coordinate and oversee contract issue resolution

Track Key Service Provider requirements and activities; track funding

In conjunction with the stakeholder and Office of General Counsel, prepare Navy Federal's position on contract disputes and recommend a decision for dispute settlements

Build and maintain relationships with senior leadership, team members, key stakeholders and/or external contacts (vendors, etc.)

Ensure clear, concise, and effective communication

Provide guidance for lower level specialists

Maintain databases and update internal/external systems to ensure proper recording of vendor contracts and related documents, etc.

Perform other related duties as assigned

Qualifications

Extensive experience in contract law/ terms/conditions

Extensive experience in acquisition planning, strategy development, negotiations, contract management and administration, pricing analysis, and acquisition related requirements

Advanced knowledge of commercial and business practices to develop, execute and manage contracts

Advanced knowledge evaluating and mitigating risk in contracts

Significant experience in written bid/proposal preparation

Advanced knowledge of cost containment strategies

Ability to multitask and work effectively, both independently and in a team environment, ensuring timely completion of assignments and meeting established standards

Expert skill exercising initiative and using good judgment to make sound decisions

Effective word processing and spreadsheet software skills

Advanced verbal and written communication skills

Advanced research, analytical, and problem solving skills

Effective skill interacting tactfully and effectively in difficult situations

Desired Qualifications

Advanced knowledge of contract law

Juris Doctorate or other advanced degree preferred

Extensive experience reviewing and negotiating major contracts, including marketing, software, licensing, SaaS, IaaS, and PaaS agreements

Knowledge of Navy Federal products, services, policies, and procedures

Knowledge of Navy Federal's Information Technology infrastructure

Certification by the National Contract Management Association, Institute for Supply Management, or other nationally accredited source

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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• Forbes® 2025 America's Best Large Employers

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• Fortune Best Workplaces for Millennials™ 2024

• Fortune Best Workplaces for Women ™ 2024

• Fortune 100 Best Companies to Work For® 2025

• Military Times 2024 Best for Vets Employers

• Newsweek Most Loved Workplaces

• 2024 PEOPLE® Companies That Care

• Ripplematch Recruiting Choice Award

• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

REQNUMBER: 26112