Contract Associate II - Remote

Contract Associate II

Labcorp is seeking a US remote based Contract Associate II to join our team to support our Mid-America division.

Work Schedule:

Monday – Friday, 8am – 5pm central time zone

• Provide end-to-end contracting of divisional client contracts, including drafting, reviewing, negotiating, and ensuring compliance with internal policies and legal requirements
• Play a key part in supporting business objectives with urgency by facilitating timely contract execution, managing exceptions, and maintaining strong client relationships through clear and effective contract processes.
• Provide coaching and training for new hires on contracting policies and best practices.
• Work with a team of contracts professionals in all aspects of contract creation and management
• Draft, review and negotiate high profile, complex client contracts using pre-approved corporate templates, ensuring consistency and adherence to company policies and risk standard, escalating as needed
• Review redlines using pre-approved language (approved deviations) and make determinations. Request escalations to Contract Associate III or management as needed.
• Address client questions, and drafts emails and or participates on calls related to client questions
• Escalate client concerns on information requests, compliance confirmations, pricing and business team questions, and requests for client calls as needed
• Provide escalation assistance for redlines outside of pre-approved optional language
• Prepare requests for Law Department review and sends contracts for Law Department review
• Secure contract signatures, returns executed documents to the client and returns contracts to corporate teams. Loads final documents into the contract management system
• Clearly and accurately informs clients and management of the status of ongoing projects, including time frames, changes to plans, problems, solutions, etc.
• Work with management on annual reporting per law department and compliance policies
• Provide status tracking of unique, challenging client contracts inside the life cycle (e.g., chasing signatures, etc.). Escalate, as needed.
• Partner with the Law Department to interpret contractual terms, resolve disputes, and ensure adherence to applicable laws, regulations, and internal standards
• Work closely with business units to understand client requirements, operational objectives, and service expectations to translate them into contractual terms
• Advise internal stakeholders on contract structure, process, and risk considerations. Coordinate with stakeholders to identify and resolve contract exceptions and escalations
• Create, update, and maintain client records within the contract management system, ensuring data accuracy and completeness.
• Ensure accuracy, consistency, and completeness of client records in the contract management system
• Monitor for duplicate, missing, or inconsistent client data and oversee resolution of discrepancies
• Provide monitoring of unique/challenging client bid opportunities and communicates such opportunities to management for assignment
• Assist in the preparation and submission of bid proposals in response to RFPs, RFQs, and other solicitation documents, including crafting responses to bid questions utilizing standard pre-approved language
• Coordinate with cross-functional teams to gather necessary documentation, pricing, and compliance information
• Review bid terms and conditions to identify contractual obligations, risks, and compliance requirements, as assigned by management
• Track bid timelines, deadlines, and approvals to ensure timely submission.
• Package proposal for legal review and submission out to routine clients
• Secure signatures, returns executed documents, and loads into contract management system
• Support post-bid clarifications and contract award negotiations.
• Communicate bid submissions and results to the Law Department for Monthly Report
• Attend calls, as assigned, with M&A Project Team to learn about Target Company, clients, service offerings, etc.
• Perform reviews of the client contracts in the Project data room, to look for service offerings, etc., that are non-standard for Labcorp, and which should be brought to the…