Strategic Sourcing Contract Administrator

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Candidates must possess an Associate's degree and at least 1 year of work experience, or a combination of 3 years of higher education and/or work experience with a minimum of 1 year of direct work experience. Strong verbal and written communication skills, attention to detail, and excellent organizational and analytical abilities are essential. Proficiency in personal computers, including word processing, spreadsheet, presentation, and contact management software, is required. A Bachelor's degree and experience with Contract Lifecycle Management and eSignature software tools are preferred.

Responsibilities

The Strategic Sourcing Contract Administrator will manage supplier contract renewals and expirations, maintain the contract database, and support the contract management dashboard. Responsibilities include coordinating and organizing contract information, uploading and entering contracts into the repository with critical operational details, administering a monthly process for stakeholder feedback, generating departmental reports, executing quality control processes for data integrity, completing project work to enhance contract metadata, responding to requests for contract documentation, and providing input on process improvement initiatives. The administrator will also review and analyze existing third-party contracts against Bank standards, understand and adhere to risk and regulatory standards, and identify risk-related issues for escalation.

Skills

Contract Administration

Supplier Contracts

Contract Renewals

Contract Expirations

Contract Database Maintenance

Contract Management

Risk Management

Data Integrity

Reporting

Process Improvement

Third-Party Contracts

Procurement

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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