As an integral part of the Supplier & Contract Management team supporting the Application Development & Maintenance (ADM) Category, the position is responsible for ensuring the delivery of some of Thomson Reuters’ most important global contracts and third-party supplier relationships through rigorous governance in order to achieve maximum value for investment and to optimize 360-degree relationships (buy from, sell to, partner with).
About the role:
The Sr. Manager, Supplier & Contract Management performs the ongoing and daily activities for managing global contracts.
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.
Deliver Financial Management of ADM contracts.
Participate in the development of the Supplier & Contract Management activities and methodologies.
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:
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.
Comfortable working directly with senior leaders.
Advanced degree (JD/LLB preferred)
Experience in contract management and/or supplier relationship management discipline, including experience of successful management of global contracts in excess of USD 30m value.
Combined 7 years of experience in contract management, supplier relationship management, strategic sourcing, and/or contract-related discipline.
5 years of contract management or supplier relationship management experience.
Experience working directly with senior leaders.
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What's in it For You?
You will join our inclusive culture of world-class talent, where we are committed to your personal and professional growth through:
Hybrid Work Model: We’ve adopted a flexible hybrid working environment (2-3 days a week in the office depending on the role) for our office-based roles while delivering a seamless experience that is digitally and physically connected
Wellbeing: Comprehensive benefit plans; flexible and supportive benefits for work-life balance: flexible vacation, two company-wide Mental Health Days Off; work from another location for up to a total of 8 weeks in a year, 4 of those weeks can be out of the country and the remaining in the country, Headspace app subscription; retirement, savings, tuition reimbursement, and employee incentive programs; resources for mental, physical, and financial wellbeing.
Culture: Globally recognized and award-winning reputation for equality, diversity and inclusion, flexibility, work-life balance, and more.
Learning & Development: LinkedIn Learning access; internal Talent Marketplace with opportunities to work on projects cross-company; Ten Thousand Coffees Thomson Reuters café networking.
Social Impact: Ten employee-driven Business Resource Groups; two paid volunteer days annually; Environmental, Social and Governance (ESG) initiatives for local and global impact.
Purpose Driven Work: We have a superpower that we’ve never talked about with as much pride as we should – we are one of the only companies on the planet that helps its customers pursue justice, truth and transparency. Together, with the professionals and institutions we serve, we help uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts, and provide trusted, unbiased information to people all over the world.
Do you want to be part of a team helping re-invent the way knowledge professionals work? How about a team that works every day to create a more transparent, just and inclusive future? At Thomson Reuters, we’ve been doing just that for almost 160 years. Our industry-leading products and services include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news services – Reuters. We help these professionals do their jobs better, creating more time for them to focus on the things that matter most: advising, advocating, negotiating, governing and informing.
We are powered by the talents of 26,000 employees across more than 70 countries, where everyone has a chance to contribute and grow professionally in flexible work environments that celebrate diversity and inclusion. At a time when objectivity, accuracy, fairness and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.
Accessibility
As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.
We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law.
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More information about Thomson Reuters can be found on https://thomsonreuters.com.
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