Contract Specialist

Job Overview The Contract Specialist is responsible for developing, negotiating, managing and maintaining supply, equipment, equipment maintenance and/or purchased service contracts for assigned areas. Responsibilities Develop, negotiate, and maintain system-wide contracts within areas of responsibility. Annual contract portfolio is between $40 and $60 Million Understands Business Owners requirements Develops strategy prior to negotiation Conducts negotiations with vendors Drafts contracts and contract summaries using approved templates/language; obtains signatures as per policy Reviews contracts for financial issues and liabilities risks and redlines/revises contracts to address issues. Facilitates risk reviews with key stakeholders as appropriate Identifies and documents savings and/or cost avoidance Enters and maintains contract information into contract management system Provides pricing to Contract Specialist Associate to coordinate into contract management system Manage supplier relationships to ensure performance to commitments and Fairview standards Establish parameters with Business Owner/Stakeholders for managing contract terms, timelines, deliverables Facilitate routine contract review with vendor and end-user department accountable for contract Evaluates vendor performance Contracting/analytical lead for system-wide Supply Chain project team(s) to promote standardization and cost reduction in areas of responsibility to achieve cost savings goals Analyzes opportunities for standardization, cost savings Develops cross-reference processes and tools with vendors Analyzes cross-references, summarizes opportunities and presents options and recommendations to Value Analysis Team, Business Owner, and/or Department and Service Line leaders. Prepares final cross-reference and financial analysis Develops methodology, calculates and documents projected savings by project by site for Savings and Tracking tool Leads or participates on multidisciplinary Process Improvement teams as Contracting expert to streamline processes related to Supply Chain contracting. Communicates effectively Maintain accurate contract information in contract management system and GPO partner. Updates Contract Specialist Associate on price changes, additions, as needed so that Associate can coordinate with Purchasing Control Coordinator Maintain accurate information in Rebate Tracker. Enter estimated frequency and amounts for Contract Administrator to coordinate receipt of refunds. Provide breakdown by site, if requested Update Portfolio Managers and provide Savings and Tracking Form when rebates are received Review/Approve Capital Requisitions in contract management system. Support Business Owners in Capital Approval Process, review and negotiate quotes, process contracts (when applicable) and save in contract management system. Required Qualifications B.S./B.A. in Business or related field 4 years of relevant contract work experience in supply chain or a purchasing function in area of specialty; must have knowledge of products/services used in area of specialty, healthcare, or related areas Relevant computer skills Interpersonal skills Leadership skills Preferred Qualifications B.S./B.A. in Business or related field and continuing education credits in materials management/supply chain or healthcare 2 years as a Contract Specialist Associate at Fairview 8 years of progressive experience with comprehensive vendor and product/services knowledge in healthcare or related areas Post-Baccalaureate Certificate in Paralegal Studies (for Purchased Services) Benefit Overview Fairview offers a generous benefit package including but not limited to medical, dental, vision plans, life insurance, short-term and long-term disability insurance, PTO and Sick and Safe Time, tuition reimbursement, retirement, early access to earned wages, and more! EEO Statement EEO/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status

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