Supplier and Contract Management Specialist
- Thomson Reuters
- 6 - 11 years
- Bengaluru
- 2 months ago
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Job Description
Summary:
Are you passionate about the chance to bring your experience to a world-class company that is market-leading for both content and technologyDo you have previous experience in Supplier and Contract ManagementIf yes, we are looking for you. 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:
In this opportunity you will:
- 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
- Conduct 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
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Provide expert counsel support to business and stakeholders
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Proactively manage global suppliers, including their account leaders, to industry best practices for a reduced risk perimeter and to minimize value leakage and erosion
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Drive achievement of contracted deliverables and obligations by implementing formal Contract Obligation Management
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Perform rigorous issue management and resolve supplier disputes through contract expertise and negotiation
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Achieve value beyond the contract through market-leading 360-degree supplier relationship management methodologies
About You
You re a fit for the role if your background includes:
- Law degree (LLB) / Advanced degree (JD, LLM, MBA) preferred
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Experience in contract management and/or supplier relationship management discipline, including experience of successful management of global contracts in excess of USD 15m value
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Combined 6+ years of experience in contract management, supplier relationship management, strategic sourcing, and/or contract-related discipline
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3 years of contract management or supplier relationship management experience
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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
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Advanced fluency in contract terminology (including legal and business terms and SLAs) and ability to master highly complex contracts
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Rigorous attention to detail, expert analytics, advanced ability to interpret contract terms and conditions and advise and make recommendations
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Strong business acumen with ability to navigate and analyze complex commercials of a deal
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Strong ability to manage a varied range of stakeholders
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Excellent (external and internal) relationship management
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Excellent written and verbal communication skills
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Advanced strategic thinking and communications skills
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Advanced skills in Microsoft Office Suite including Word, Excel, and PowerPoint, as well as SharePoint and Teams
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Willingness to learn to use AI tools
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Advanced project management skills and the ability to drive supplier and stakeholder deliverables to completion
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What s in it For You
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Flexibility & Work-Life Balance: Flex My Way is a set of supportive workplace policies designed to help manage personal and professional responsibilities, whether caring for family, giving back to the community, or finding time to refresh and reset. This builds upon our flexible work arrangements, including work from anywhere for up to 8 weeks per year, empowering employees to achieve a better work-life balance.
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programming and skills-first approach ensures you have the tools and knowledge to grow, lead, and thrive in an AI-enabled future.
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Industry Competitive Benefits: We offer comprehensive benefit plans to include flexible vacation, two company-wide Mental Health Days off, access to the Headspace app, retirement savings, tuition reimbursement, employee incentive programs, and resources for mental, physical, and financial wellbeing.
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Culture: Globally recognized, award-winning reputation for inclusion and belonging, flexibility, work-life balance, and more. We live by our values: Obsess over our Customers, Compete to Win, Challenge (Y)our Thinking, Act Fast / Learn Fast, and Stronger Together.
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Social Impact: Make an impact in your community with our Social Impact Institute. We offer employees two paid volunteer days off annually and opportunities to get involved with pro-bono consulting projects and Environmental, Social, and Governance (ESG) initiatives.
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Making a Real-World Impact: We are one of the few companies globally 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.
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. At a time when objectivity, accuracy, fairness, and transparency are under attack, we consider it our duty to pursue them. Sound excitingJoin us and help shape the industries that move society forward.
As a global business, we rely on the unique backgrounds, perspectives, and experiences of all employees to deliver on our business 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 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. More information on requesting an accommodation here .
Learn more on how to protect yourself from fraudulent job postings here .
More information about Thomson Reuters can be found on thomsonreuters.com.
Job Classification
Industry: Accounting / AuditingFunctional Area / Department: Legal & RegulatoryRole Category: Legal OperationsRole: Legal Entity ManagementEmployement Type: ContractContact Details:
Company: Thomson ReutersLocation(s): Bengaluru
Keyskills: Relationship management Service management Career development Contract management Consulting Flex Strategic sourcing Operations Analytics Account planning
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