Mutual Opportunities
Procurement Contract Manager
Boston, Massachusetts; Springfield, Massachusetts
Thank you to our employees for voting us one of the top places to work in Massachusetts for five consecutive years!
Overview
A career with us means you’ll work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are at the foundation of what enables MassMutual to deliver on our purpose to help people secure their futures and protect the ones they love.
We embrace the idea that we all are stronger and better through our support for one another. We strive to create a culture where employees feel valued and are celebrated for who they are.
“Since our founding in 1851, mutuality has put our policyowners at the center of everything we do. At our core, we’re a company of people helping people in their time of need, and that spirit extends to the culture we’ve built at our company. Our employees support and rely on each other each day, collaborating to deliver the best solutions for our customers and help millions more secure their future and protect the ones they love.”
Job Description
Procurement Contract Manager
Procurement Team
Full-time
Springfield, MAorBoston, MA
The Opportunity
Do you thrive in a fast-paced environment where you have wide latitude to make impactful decisions? Does the idea of coordinating among business owners, legal, IT and others to develop effective commercial contracts interest you? Do you enjoy a role that offers a wide variety of responsibilities, and “something new every day?”
MassMutual is hiring for an experienced business professional with substantial contract drafting and negotiation experience. This role involves understanding the underlying business problem and resulting transaction, working with internal stakeholders to gain their input and approvals as necessary, explaining deal terms and risks to the internal engagement manager, and negotiating terms directly with the supplier. You will have a deep support structure in our transformed Procurement organization – including Category Management and Supplier Relationship Management, among other dedicated functions.
The Team
On the MassMutual Procurement team, we have a goal 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 Contract Manager will orchestrate multiple simultaneous projects which will require excellent communication, organization, time management, and problem-solving skills. You will be relied upon to negotiate and draft contractual positions based upon documented standards, commensurate with the specifics of each commercial deal, and with the support from legal, IT, and enterprise risk, among others.
In addition, your responsibilities will include providing support to the Contract Compliance Practices Consultant for matters relating to updates and usage of our contract templates.
Your day to day would look like but is not limited to:
Assessing transactions and developing deal strategies. You will work closely with business partners and internal stakeholders to understand their needs, determine the risks and design appropriate execution plans.
Drafting and/or redlining contracts to ensure that MassMutual is adequately protected from risks by relying upon your skills to assess the impact of deviations from standards and engage internal stakeholders when required.
Understanding the business drivers behind transactions assigned to you and developing an execution plan.
Communicating with fellow associates, leadership, and third parties. You will regularly communicate with internal stakeholders including the line of business, legal, compliance and data security groups to assess risks specific to each transaction.
Negotiating with suppliers to produce contracts that adhere to MassMutual contracting standards and meet business objectives.
Driving transactions to completion in a timely manner.
Collaboration and knowledge sharing with teammates and colleagues on complex negotiations
Working closely with the larger Procurement team, and stakeholders as appropriate.
The Minimum Qualifications
Bachelor’s Degree
7+ years of experience in contract evaluation, drafting and negotiation/redlining
7+ years of experience managing supplier engagements and/or engaging with procurement-related functions
The Ideal Qualifications
Acute attention to detail
Superior written and verbal communication skills
Business acumen and critical thinking
Juris Doctorate
4+ years of experience with IT and technology related contracts including Software as a Service (SaaS), hardware, software licensing, IT professional services, etc.
10+ years of experience developing and executing contracting and negotiation strategies
10+ years of experience managing supplier engagements and/or working with a variety of procurement-related functions
What to Expect as Part of MassMutual and the Team
Regular meetings with the Procurement Contracts Team
Focused one-on-one meetings with your manager
Access to mentorship opportunities
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-DM2
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment. The job description includes the main duties of this position, which may evolve over time. You may be required to perform other duties not listed.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Salary Range: $113,100.00-$148,400.00
Hiring Process
Explore
Explore our open jobs by clicking 'search jobs' to find a position that aligns with your experience and skills. You may also consider joining our Talent Network.
Apply
Click the “apply” button on that job posting to complete and submit your application. Your application will be reviewed by a recruiter, which, due to the volume of applications received, may take some time as we carefully consider each application.
Screen
After your application has been reviewed, if you meet the qualifications for the role, a recruiter will reach out to you to start a conversation.
Interview
If you are invited for an interview, you will be scheduled to meet with the hiring manager and hiring team.
Offer
If you are extended an offer to join MassMutual and accept, your start will be contingent upon a satisfactory background check.
Hire
If you accept the offer, we will be so excited to welcome you to the MassMutual community!
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
By the numbers*
- 88% of employee respondents say they are proud to work at MassMutual
-
90
% of employee respondents say they feel encouraged to bring forth new ideas - 86% of employee respondents say MassMutual cares about and supports the well-being of their employees
*Source: 2024 MassMutual employee engagement survey
Award-Winning Culture
MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company operated for the benefit of our members and participating policyowners, we are defined by mutuality and our vision to provide financial well-being for all Americans. 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.
We strive to embrace diversity in every sense, focusing on building a thriving community where everyone is valued, included, and feels that they belong.
At MassMutual, we Live Mutual.
How We Work
MassMutual’s flexible workplace approach combines the importance of connecting in person and the flexibility of working remotely. Our hybrid model puts collaboration first with employees coming in at least three days per week to our spectacular campus settings and also enjoying the flexibility of remote Fridays, company-wide remote weeks, and a bank of flexible remote weeks to use throughout the year.
Benefits for the whole you (and your loved ones)
There’s more to your life than your job and there’s more to your aspirations than a paycheck. We take a holistic view of compensation and benefits that provides the flexibility to create a healthy balance in your life for work, family, and community. We offer the benefits you’d expect, like medical, dental, 401(k), and generous vacation time, but we also offer ones you might not expect, like three paid days for volunteering, a $1,250 annual Well-Being Wallet, and up to 320 hours of caregiver leave.
Explore some of our offerings below. Benefit details can be found here.
Why MassMutual?
Kevin
Compliance Consultant
Seth
Service Management Consultant
Kymberly
Head of Experience Journey Mapping
where we work
Springfield Office
1295 State Street, Springfield, MA
Boston Office
10 Fan Pier Blvd, Boston, MA
New York Office
2 Park Ave,
New York, NY
Virtual
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