Procurement Contract Associate Manager

Procurement Team

Full-time

Boston, MA or Springfield, MA

The Opportunity

MassMutual is seeking a Procurement Contract Associate Manager with at least one year of experience to join the Procurement team to negotiate commercial agreements. In this role, you will ensure documents meet company policies and business needs. You will work closely with team members and other departments—such as legal and IT—to help draft, review and finalize contract terms. This position is a great opportunity to build your skills in contract management and learn how to support business operations in a collaborative environment.

The Team

On the MassMutual Procurement team, our goal is to enable MassMutual’s mission and vision by providing the right supplier solution at the right time. Our mission is to streamline the procurement process, align supplier partners to meet business needs and continuously increase the value provided to our policyholders.

The Impact

On a day-to-day basis, the Procurement Contract Associate Manager will orchestrate multiple simultaneous projects which will require excellent communication, organization, time management, and problem-solving skills. The focus is on negotiation and drafting contracts based upon documented standards and with support from the Procurement organization, including Category Management and Supplier Relationship Management stakeholders s, as well as subject matter experts across the enterprise. This role supports the contracting process by working with internal stakeholders to gather input and approvals, explaining deal terms and risks to the business, and negotiating with suppliers.

Key Responsibilities:

• Understand the business drivers behind assigned transactions and help develop an execution plan.
• Serve as a central point of contact for each contract, using organizational skills to help ensure deals are negotiated and executed on time.
• Engage with internal stakeholders (line of business, legal, compliance, data security) to help assess risks specific to each transaction.
• Draft and redline contracts to help ensure MassMutual is protected from risks, escalating deviations from standards to internal stakeholders as needed via documented escalation paths.
• Engage in negotiations with suppliers to help produce contracts that meet MassMutual standards and business objectives.
• Collaborate closely with the Procurement team and other stakeholders.
• Identify inefficiencies in existing procedures, help uncover bottlenecks, and suggest improvements to streamline contracting processes.

The Minimum Qualifications

• 1+ year of experience in contract evaluation, drafting, and redlining contracts and negotiating with suppliers
• Bachelor’s Degree
• OR in lieu of a bachelor’s degree, we require High School Diploma or GED and 6+ years of equivalent experience with specifically 2+ years in drafting/negotiating contract terms and conditions and 2+ years in managing supplier engagements

The Ideal Qualifications

• 1+ years of experience include redlining and negotiation of IT and technology related contracts including but not limited to Software as a Service (SaaS), hardware, software licensing, IT professional services
• Detail-oriented with a track record of accuracy
• Excellent written and verbal communication skills
• Strong organizational and time management skills
• Ability to work collaboratively with procurement teams and stakeholders
• Eagerness to learn and further develop contract negotiation skills

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Procurement Team
• Focused one-on-one meetings with your manager
• Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
• Access to learning content on Degreed and other informational platforms
• Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-MM1

Salary Range:

At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.

Why Join Us.

We’ve been around since 1851. During our history, we’ve learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.

We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.

MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.