Corporate Contracts Administrator

About Wealth Enhancement Group

Wealth Enhancement Group is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services. Founded in 1997, Wealth Enhancement Group serves clients nationwide and continues to expand into new regions each year. Wealth Enhancement Group specializes in providing retail clients with the team-based expertise and resources they need to simplify their financial life.

Our purpose and mission is to work together to improve our clients lives by seeking to provide them the best possible financial advice. We are firm believers in the meaning behind teamwork. We share perspectives and explore every point of view, because the best ideas are born from collaboration. We constantly push ourselves and each other. We strive to be much more than your typical financial services firm. We strive to be the best.

Due to growth, our Corporate HQ located in Plymouth is looking for a Corporate Contracts Administrator. This role oversights the vendor management program and contract life cycle in partnership with Vendor Owners; through systems; policies & practices, and administration of the onboarding and offboarding process with the vendors we engage throughout the contract lifecycle. Works cross-functionally with corporate departments to mitigate risks and gain increased value.

Policies and Procedures

• Reviews and updates the Vendor Management Policy
• Work closely with key stakeholders to ensure 3rd party vendor processes are effective, efficient and compliant to company policies.
• Seek continuous process/efficiencies improvement and evaluation of technology in the contract space; bring best practice to the organization.

Relationship Management

• Establish strong partnerships with key business stakeholders to ensure vendor relationship owners are clearly identified and processes followed.

Operational – Strategic

• Expand capabilities of vendor contract management system.
• Partner with key stakeholders in M&A-related vendor integration planning to drive efficiency and ensure alignment with company policy.
• Partner with legal to create/modify/maintain templates for NDAs, RFPs, contracts, SOW, etc.
• Assist in monitoring and tracking vendor setups through periodic internal audits.
• Partner with Vendor Owners within Corporate Departments to ensure their new vendors are onboarded and monitored throughout the vendor relationship

Operational - Ongoing

• Complete vendor profile in vendor contract management system for all new vendors, including associated documents such as MSAs, contracts and order forms.
• Partner with corporate departments to ensure all outstanding needs for the vendor are provided in a timely manner.
• Consult with cross-functional partners to periodically assess vendor status and ongoing relationship.
• Track pending internal action items, such as vendor and contract terminations, contract renewals, or other communication notices, to ensure their completion by cross-functional partners. Document and retain records for such actions in vendor contract management system.
• Partner closely with Accounts Payable team on financial arrangements including billing, invoicing, performance incentives and remedies.

Education | Skill Requirements

• Bachelor s Degree
• 5+ years vendor management experience; vendor management software
• Knowledge of contracts; set up and language
• Strong problem-solving skills
• Demonstrated professional oral and written communication skills
• Strong organization and time management skills
• Ability to balance strategy with attention to detail

This position requires the ability to stand or sit for long periods of time, file documents in high or low cabinets, to use the telephone and to use the computer systems.

IND123