New

Sr Contract Mgmt Specialist

Valley National Bank
$73,700.00 - $125,800.00 / yr
United States, New Jersey, Morristown
Apr 29, 2026
Responsibilities include but are not limited to: Manage the complete contract lifecycle including intake, review coordination, negotiation support, approvals, execution and contract storage. Review and administer a range of agreements, including vendor contracts, NDAs, service agreements, and amendments. Identify and track key provisions (e.g., indemnification, liability, confidentiality, termination) and escalate non-standard or high-risk terms to Legal. Coordinate internal contract approvals in accordance with company policies securing required reviews from business, finance, risk and other stakeholders. Maintain and update the centralized contract management system with current contract information, such as key terms, parties, effective dates, renewal dates, and termination dates. Ensure that all executed contracts and related documentation are accurately logged, stored, and easily retrievable. Track critical dates and periods for each contract (renewal notice windows, expiration dates, etc.). Proactively notify the Legal team and business owners of upcoming renewals or termination deadlines. Assist in preparing renewal agreements or termination notices, and ensure proper documentation of any changes in terms. Serve as a liaison between the Legal Department and internal departments (such as Procurement, Third Party Risk Management, and business units) for contract-related matters. Ensure that all contract activities follow the company's internal Contract Management Procedures and any relevant regulatory guidelines. This includes making sure that high-risk or high-value contracts receive necessary legal review and that executed contracts are archived according to policy. Maintain and enhance contract templates and clause libraries, ensuring alignment with best practices, legal requirements and corporate policies and identify opportunities to optimize contract processes and CLM system usage. Provide guidance and/or training to legal staff and business colleagues on contract lifecycle processes and use of the CLM system. Assist in creating quick reference guides or conducting informal training sessions for stakeholders.