Sr. Procurement Specialist
Bank of America
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A member of the Home Office team in San Antonio, Texas operating the Overseas Military Banking Program (OMBP) on behalf of the Defense Finance and Accounting Service (DFAS).
Provide support to the contracts manager, project management team, and process owners in the administration of subcontracts supporting the OMBP in accordance with company policies and procedures, applicable laws, and process owner requirements. Tracking and monitor contract changes, deliverables, correspondence and risks, and maintain documentation. Provide assistance to Vendor Managers in vendor relationship management, reporting and analyzing vendor performance.
Participate in Project Management teams to support contract compliance
Complete vendor risk rating assessments
Monitor and report on contract compliance and issues
Coordinate with vendors to receive and maintain compliance evidence
Complete quarterly vendor scorecards
Promptly escalate to Contracts Manager or higher management, if contracts are not complied with or issues are not resolved,
Maintain contract data in internal records management
Identify contract management issues and propose solutions for approval
Provide negotiation support as required
Independently work at smaller engagements or work within team at a large, complex engagement
Independently apply contract management tools and techniques to assigned projects, including documentation and implementation of CM processes (e.g.,) Contract Awareness, Records Management, Change Control, Risk & Issues Management, Deliverables Management, Customer and Employee Data Protection, and related compliance functions
Other duties as assigned to include requests for proposals/quotes, property management activities and shipping and receiving activities
Negotiates agreements of mid-to high-level complexity and regularly obtains significant cost savings. Identifies the critical elements of a deal and develops a procurement strategy which best serves the interests of BAC. Responsible for the quality of assigned deals including process adherence, substance of the deal, and accurate data capture. Has subject matter expertise in numerous categories and is viewed as trusted advisor by the FLU. Will frequently support the development of category strategies and may also have category ownership responsibilities. May support Front Line Unit (FLU)/Control Function (CF) personnel in effectively implementing the Third Party Policy, including FLUs/CFs effective use of third parties.
2+ years contract management experience
Strong communications (verbal and written) skills
Strong collaboration skills and experience
Understand and demonstrate basic U.S. Federal contracting principles
Demonstrate familiarity with FAR and DFARS
Vendor Management (Third Party Relationship) experience preferred
Shift:1st shift (United States of America)
Hours Per Week:40
Referral Bonus Amount:0
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