Contract Manager III

The Contract Manager role will be accountable to partner with internal Medica teams to negotiate contracts with existing Medica vendors. The Contract Manager will be responsible for supporting contracting efforts for existing vendor relationships, including contract amendments, renewals, and for standard products and services. The Contract Manager will conduct negotiations that will include pricing and Medica-preferred terms and conditions.

Key Accountabilities

• Negotiation
  
  
  
  • 
    

    Lead contracting efforts for existing vendors to ensure timely completion of contract renewals, contract amendments and contract extensions.

    
    
  • 
    

    Leverage and follow Medica's contract templates, tools, and playbooks to ensure consistency in contract negotiations across the team.

    
    
  • 
    

    Develop and negotiate contracts for standard products and services with vendors in collaboration with Legal, Technology, Finance, and Operations. Ensure that contracts include Medica-preferred terms and conditions, pricing, and service level agreements in order to meet business needs and achieve business outcomes.

    
    
  
  
  
  
• Business Relationship Management
  
  
  
  • Utilize effective communication and collaboration skills to establish strong relationships with business partners.
  • Partner with internal teams to understand contracting needs with existing vendors and for expiring contracts.
  • Effectively communicate information in a succinct and timely manner with stakeholders with the ability to flex communication style appropriately depending on the level of audience.
  
  
  
  
• Contract Management
  
  
  
  • Maintain and update contract records, ensuring that relevant and accurate data is entered into Medica's contract management tool timely.
  • Analyze data and plan for contract renewals and extensions in area of responsibility.
  • Respond to internal stakeholder questions on notifications and educate on processes for contract renewals, amendments and extensions.
  
  
  
  

Minimum Qualifications

• Bachelor's degree or equivalent experience in related field
  
  
  
  • Major: Business, Marketing, Finance, or Pre-Law Preferred
  
  
  
  
• 1-3 years of related work experience beyond degree

Skills and Abilities

• Proven or demonstrated understanding of contracts and negotiations.
• Proven or demonstrated skills in collaboration, teamwork, professionalism, and positive interactions with others.
• Self-motivated and organized, with the ability to manage multiple concurrent tasks.
• Ability to exercise independent judgment when managing workload and prioritizing work.
• Experience communicating information in a succinct and timely manner with stakeholders.
• Ability to flex communication style appropriately depending on the level of audience.
• Critical thinking and problem solving skills.
• Experience performing contract negotiations.
• Experience drafting and editing contract documents.
• Healthcare experience.

This position is a Hub role, which requires an employee to occasionally come onsite to the designated office - Minnetonka, MN, or Madison, WI - for applicable heads-up work. Frequency is determined by business need as decided by leadership.

The full salary range for this position is $77,100 - $132,200. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity/Affirmative Action employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.