Procurement Contracts Manager

The shape of it

In the posting’s own words

The Procurement team provides services to the businesses that are the backbone of Stripe. Stripe’s broader Procurement organization consists of Third Party Risk, Strategic Sourcing, Supplier Deal Management (Procurement Contracting), Procurement Enablement, Accounts Payable, and Travel and Expense.

What it asks for · 5

• 8 years of professional experience in contracting within procurement, legal operations, or another commercial deal negotiation capacity
• Demonstrated ability to understand commercial and legal language commonly used in commercial contracts, ease in reviewing and drafting contractual language, and experience negotiating contracts and partnering effectively with legal teams
• A solution-oriented mindset with enthusiasm for establishing contracting best practices, the ability to earn trust quickly and deliver value for a critical, fast-paced function involving multiple stakeholders, and the ability to support opinions with sound reasoning
• Flexibility and comfort with changing requirements in a high-volume environment, meticulous attention to detail, and a rigorous decision-making process
• Strong verbal and written communication skills and the ability to represent Stripe effectively when interacting with stakeholders

Also a plus

• Broad contracting experience across a range of common categories, such as technology, marketing, workplace, and services
• Understanding of or experience with e-procurement tools and contract lifecycle management systems, such as Zip and Ironclad
• Familiarity with the fintech industry and its supply chain and procurement challenges
• A builder’s mindset and a willingness to question assumptions and conventional wisdom

What the job covers

• Answer initial questions and educate directly responsible individuals (DRIs) on the overall risk assessment and supplier contracting process
• Conduct an initial review of DRI-provided use cases and appropriate contractual terms, or assemble appropriate Stripe templates, and prepare agreements for legal review according to defined guidelines when necessary
• Review and negotiate commercial terms in supplier agreements when needed
• Monitor productivity and communication with DRIs using our procurement tool, Zip
• Engage internal stakeholders, including Legal, Sourcing, Third Party Risk, and Stripe DRIs, to understand their needs and translate them into a risk-balanced approach to preparing contracts using training and existing frameworks
• Manage engagements within our procurement system, Zip, and contract lifecycle management system, Ironclad, and support end-to-end contract lifecycle management
• Partner with respective internal teams to resolve business inquiries and troubleshoot issues related to contracting

Tools and skills named

Words the posting leans on

• contracting10×
• procurement9×
• contract7×
• supplier7×
• legal6×
• risk6×
• commercial5×
• experience5×
• requirements5×
• contract lifecycle4×
• contracting process4×
• lifecycle management4×
• sdm4×
• stakeholders4×
• agreements3×
• appropriate3×

Counted from the posting after the mission statement and the legal notices are set aside. The ones near the top are the ones a screener is looking for.

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