Contract Associate II - Remote

Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world's most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise, you'll have the opportunity to do meaningful work, grow your career and make a real impact on people's health around the world. Together, we're improving health and improving lives.Labcorp is seeking a US remote based Contract Associate II to join our team to support our Mid-America division.Work Schedule: Monday - Friday, 8am - 5pm central time zoneJob Responsibilities: Provide end-to-end contracting of divisional client contracts, including drafting, reviewing, negotiating, and ensuring compliance with internal policies and legal requirementsPlay a key part in supporting business objectives with urgency by facilitating timely contract execution, managing exceptions, and maintaining strong client relationships through clear and effective contract processes.Provide coaching and training for new hires on contracting policies and best practices.Work with a team of contracts professionals in all aspects of contract creation and managementDraft, review and negotiate high profile, complex client contracts using pre-approved corporate templates, ensuring consistency and adherence to company policies and risk standard, escalating as neededReview redlines using pre-approved language (approved deviations) and make determinations. Request escalations to Contract Associate III or management as needed.Address client questions, and drafts emails and or participates on calls related to client questionsEscalate client concerns on information requests, compliance confirmations, pricing and business team questions, and requests for client calls as neededProvide escalation assistance for redlines outside of pre-approved optional languagePrepare requests for Law Department review and sends contracts for Law Department reviewSecure contract signatures, returns executed documents to the client and returns contracts to corporate teams. Loads final documents into the contract management systemClearly and accurately informs clients and management of the status of ongoing projects, including time frames, changes to plans, problems, solutions, etc.Work with management on annual reporting per law department and compliance policiesProvide status tracking of unique, challenging client contracts inside the life cycle (e.g., chasing signatures, etc.). Escalate, as needed. Partner with the Law Department to interpret contractual terms, resolve disputes, and ensure adherence to applicable laws, regulations, and internal standardsWork closely with business units to understand client requirements, operational objectives, and service expectations to translate them into contractual termsAdvise internal stakeholders on contract structure, process, and risk considerations. Coordinate with stakeholders to identify and resolve contract exceptions and escalationsCreate, update, and maintain client records within the contract management system, ensuring data accuracy and completeness.Ensure accuracy, consistency, and completeness of client records in the contract management systemMonitor for duplicate, missing, or inconsistent client data and oversee resolution of discrepanciesProvide monitoring of unique/challenging client bid opportunities and communicates such opportunities to management for assignmentAssist in the preparation and submission of bid proposals in response to RFPs, RFQs, and other solicitation documents, including crafting responses to bid questions utilizing standard pre-approved languageCoordinate with cross-functional teams to gather necessary documentation, pricing, and compliance informationReview bid terms and conditions to identify contractual obligations, risks, and compliance requirements, as assigned by managementTrack bid timelines, deadlines, and approvals to ensure timely submission.Package proposal for legal review and submission out to routine clientsSecure signatures, returns executed documents, and loads into contract management systemSupport post-bid clarifications and contract award negotiations.Communicate bid submissions and results to the Law Department for Monthly ReportAttend calls, as assigned, with M&A Project Team to learn about Target Company, clients, service offerings, etc. Perform reviews of the client contracts in the Project data room, to look for service offerings, etc., that are non-standard for Labco