Lead Contracts Administrator, Claims

Job Description

Join our Legal, Compliance and Audit (LC&A) operations team in our Jersey City, NJ headquarters where we have a flexible hybrid work model.

• Independently draft, negotiate, and review contracts, as well as update and revise contract templates, pertaining to new and existing products, including but not limited to the following contract types : MSAs, SOWs, DPAs / DSAs, NDAs, SLAs, and other software and / or data licensing agreements
• Balance effectively and efficiently multiple agreement negotiations simultaneously with limited oversight; multitask and accomplish assignments under the limited supervision of a senior contract attorney
• Independently determine the proper form of agreement for any contractual situation based on a superior understanding of Verisk’s products and services, contract law, contract language, and the insurance industry
• Work independently, as well as on a team, during the contract negotiation process; proactively pull in and collaborate with various Subject Matter Experts (including, but not limited to : Finance, Insurance, Risk and Security, Privacy, Compliance, Audit, product owners) during appropriate junctures to ensure result of effective agreements with properly mitigated risk
• Understand, apply, and incorporate Verisk’s standard contracting playbook as appropriate during the contract negotiation lifecycle;

also, contribute directly to the playbook based on expertise and contractual experience

Identify legal issues and creatively navigate through difficult circumstances with your counterpart (, customer’s Procurement representative, contract administrator or legal counsel) and successfully arrive at resolutions on contract language and positions;

identify complex concerns both arising from the customer and sales, and seek to understand a customer's position behind a redline and offer alternative acceptable language when possible

• Independently quality check all assigned requests and agreements; ensure that all applicable approvals are in place prior to final execution
• Apply and maintain a general (high-level) understanding of the latest and current applicable laws and regulations applicable to Verisk products, including GLBA, FCRA, GDPR, CPPA / CPRA, HIPAA;

proactively stay up-to-date on changes to such applicable laws

• Maintain the highest level of integrity and sensitivity to confidential information
• Track contract progress and proactively follow up on outstanding items as needed
• Effectively adhere to, implement, and / or improve contracting reporting and workflows, using company tools and technology (including CLM and CRM systems)
• Manage excellent working relationships with Verisk internal stakeholders (, Sales, product owners, business units, Finance, Customer Service, Compliance, Audit, Claims Senior Leadership, and other functional departments)
• Complete all ad hoc projects, special projects, and other duties as assigned
• Complete all goals and responsibilities, set on an annual basis and as determined by you and / or your Manager

Qualifications

• Bachelor’s and JD degrees required, with 5+ years of experience reviewing, drafting, negotiating, and managing contracts
• Bar admission strongly preferred but not necessary
• Ability to think logically and quickly, with ability to promptly resolve and turn around contracts
• Strong written and verbal communication skills
• Superb understanding of contract law, contract language and principles, and applicable legislation
• High degree of understanding of common issues and concerns with services, sales departments, and complex customers
• Must excel in working in a highly collaborative environment while independently managing a large workload
• Self-driven and must exhibit initiative and assertiveness in obtaining information needed to proceed with requests and assignments
• Independently accomplish contract matters and tasks with limited supervision by a senior contract attorney
• Excellent project management skills with superior attention to detail; strong organization, facilitation, time management, planning, problem solving, and analytical skills required
• Outstanding interpersonal and relationship building skills, with the ability to mentor and advise new and / or more junior contract administrators
• Strong organizational skills with the ability to prioritize and be detail-orientated to effectively and efficiently manage responsibilities
• Possess the highest level of integrity and sensitivity to confidential information
• Superior communication skills, both oral and written, and the ability to liaise comfortably with all levels of staff and management
• Ability to pivot and adapt to changing situations or urgent requests that may arise with little or no notice
• Process-forward and technically competent with various software programs, including but not limited to : Microsoft Office web-based and desktop applications (Word, Excel, PowerPoint, Outlook, Teams, SharePoint), as well as CRM and CLM systems

LI-LM03

LI-Hybrid