Contract Administrator

Space Coast Credit Union (SCCU), the 3rd largest credit union in Florida, is looking for a Contract Administrator to join our ONESCCU team in our Baytree Headquarters! SCCU has been in business for over 70 years, has over 9 billion dollars in assets and WE ARE GROWING!

Our Members are our top priority and we stand behind our Brand Promise: Honest People, Trusted Products, Time Valued. We offer a rich benefits package and career advancement opportunities.

SCCU Team Member Benefits:

• ONESCCU annual bonus available
• Hybrid Work Options – Work from home up to 3 days a week
• Flexible Schedule Options
• Medical, Dental & Vision Insurance
• HSA (Health Savings Account) with SCCU matching contribution
• SCCU Paid Long Term and Short Term Disability coverage
• SCCU Paid Term Life Insurance
• Employee Assistance Program (EAP)
• Paid Time Off
• 401(K) Pre-Tax Savings Plan with SCCU match- 100% of the first 5% of employee contributions
• Tuition Reimbursement Program

SCCU Team Member financial discounts & perks (save money every month!):

• Loan Discounts - Mortgage, 2nd Mortgage, Auto, Motorcycle, Boat etc. / GAP coverage at half price
• Fixed low rate credit card- 5.99%, if approved
• FREE Identify Theft Protection!
• No fee SCCU accounts

Purpose:

The Contract Administrator will support the Enterprise Risk Management Department in the maintenance and governance of Space Coast Credit Union’s Third-Party Risk Management (TPRM) Program. This role involves negotiating terms, overseeing third-party risk across the three lines of defense, ensuring compliance with laws, rules, and regulations, and maintaining accurate records. The ideal candidate will possess strong analytical skills, excellent attention to detail, the ability to communicate effectively with all levels of Management, and the ability to work collaboratively across various departments.

Contract Administrator Responsibilities:

• Draft, Review, and Negotiate Contracts:
• Prepare and review contracts, agreements, and other legal documents to ensure compliance with Credit Union policies and legal and regulatory requirements.
• Collaborate with legal teams and Management to negotiate contract terms and conditions.
• Contract Management:
• Maintain and update contract records and databases.
• Monitor contract performance and compliance, ensuring all parties adhere to terms and deadlines.
• Develop and implement contract management policies and procedures.
• Risk Assessment and Mitigation:
• Identify potential risks in contract terms and propose mitigating solutions.
• Analyze contract clauses and suggest improvements to reduce risks and liabilities.
• Analyze the likelihood and potential impact of identified risks and prioritize them accordingly.
• Develop and implement risk mitigation strategies, including process improvements, contract modifications, and contingency planning.
• Collaborate with legal, finance, and operations teams to ensure risks are adequately managed and mitigated.
• Communication and Coordination:
• Act as a liaison between business units, legal, and external vendors.
• Provide guidance and support to project teams regarding contract requirements and obligations.
• Reporting and Documentation:
• Prepare regular reports on contract status, progress, and compliance issues.
• Maintain organized records of all contract documents and correspondence.
• Policies and Procedures:
• Assist with the development and implementation of policies, procedures, and processes for contract management.
• Legal Compliance and Regulation:
• Possess and maintain a strong understanding of contract law and legal terminology.
• Ensure contracts comply with relevant laws and regulations, including industry-specific standards.
• Stay updated on changes in state and federal regulations and contract law that may affect the Credit Union.

Contract Administrator Minimum Requirements

Prior Experience:

• 5-8 years of experience required with contract management, preferably within a financial institution.            
• Experience in negotiating complex and dynamic legal documents required.

Education and Training:

• Bachelor’s degree required in one of the following areas: Business Administration, Computer Information Systems, Finance, Supply Chain Management
  • Or equivalent combination of education and experience in third-party/vendor management, contract management, and/or other relevant experience.
• CRVPM or equivalent third-party/vendor risk management certification preferred.
• Paralegal certificate preferred.

Contract Administrator Schedule:

• Full Time during department hours of operation.
• Monday - Friday 8:00am – 5:00pm. 
• Flex Scheduling and Work From Home Hybrid options available.