Senior IT Contracts Specialist at Abbott

North Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, DiagnosticsIndustries

Requirements

Bachelor’s degree
Minimum 5 years of experience in IT contracting
Proficiency in Microsoft Office Suite
Strong analytical, problem-solving, and time management skills
Ability to manage multiple priorities independently and collaboratively
Professional, proactive, and detail oriented

Responsibilities

Lead the review, negotiation, and drafting of IT-related agreements including cloud services, software licenses, AI terms, data processing, and confidentiality agreements
Serve as the primary contact for IT contracts, ensuring alignment with internal stakeholders and business needs
Redline and negotiate deviations from standard templates and draft custom language for unique scenarios
Ensure all contract modifications are properly reviewed and approved
Provide guidance to Abbott stakeholders on legal, compliance, and risk management issues, in collaboration with attorneys
Manage open-source software license reviews for mobile applications, advising on obligations and restrictions
Identify training needs and develop educational content for Global Procurement and Abbott commercial paralegals
Deliver training sessions on foundational contracting, IT contracting, AI, and data privacy/security
Lead project management efforts for Commercial Legal initiatives, including global template updates and outside counsel budget tracking
Oversee the Corporate Legal intake process, including form updates, training materials, and metrics analysis
Draft and maintain global IT contract templates, AI terms, and data privacy/security clauses in compliance with Abbott policies, industry standards, and laws and regulations

Skills

IT Contracts

Contract Negotiation

Contract Drafting

Compliance

Legal Policies

Training

Process Improvement

Template Development

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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