Sr Paralegal, Contracts
Valley National Bank · Morristown, New Jersey, US
Responsibilities include but are not limited to: - Oversee the complete lifecycle of contracts from intake of requests, through negotiation support, approval...
Job description
Responsibilities include but are not limited to: - Oversee the complete lifecycle of contracts from intake of requests, through negotiation support, approval, final signature, and contract distribution/storage. Ensure each stage is completed in a timely and compliant manner. - Review a variety of contracts, including vendor contracts, NDAs, service agreements, and amendments. Pay special attention to key clauses (e.g., indemnification, liability, confidentiality, termination) to ensure they are accurately tracked. Highlight and escalate any deviations or unusual terms to attorneys for further review. - Coordinate the internal approval process for contracts, ensuring all necessary stakeholder reviews (e.g. business approvers, finance, risk management) are obtained in accordance with company policies. Once approvals are in place, manage the signature process to obtain all required signatures (wet ink or electronic) from both internal authorized signatories and external parties. Verify that fully executed copies are received for organizational records. - Maintain and update the centralized contract management system/contract database with current contract information, such as key term...