Description
Stripe is a financial infrastructure platform for businesses. Millions of companies,from the world’s largest enterprises to the most ambitious startups,use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet.
The Procurement team provides services to the businesses that are the backbone of Stripe. The Procurement Contracting function, Supplier Deal Management (SDM), builds an efficient supplier contracting process, reduces friction for business leaders, works in partnership with Third Party Risk and Legal to minimize risk, and increases the speed at which Stripe can engage key suppliers.
You will report to the Head of SDM and work closely with SDM Leads to support the supplier contracting process, from answering initial questions and reviewing use cases to negotiating commercial terms and supporting contract lifecycle management.
Responsibilities:
- Answer initial questions and educate directly responsible individuals (DRIs) on the overall risk assessment and supplier contracting process
- Conduct an initial review of DRI-provided use cases and appropriate contractual terms, or assemble appropriate Stripe templates, and prepare agreements for legal review according to defined guidelines when necessary
- Review and negotiate commercial terms in supplier agreements when needed
- Monitor productivity and communication with DRIs using the procurement tool, Zip
- Engage internal stakeholders, including Legal, Sourcing, Third Party Risk, and Stripe DRIs, to understand their needs and translate them into a risk-balanced approach to preparing contracts
- Manage engagements within the procurement system, Zip, and contract lifecycle management system, Ironclad, and support end-to-end contract lifecycle management
- Partner with respective internal teams to resolve business inquiries and troubleshoot issues related to contracting
Requirements:
- 8 years of professional experience in contracting within procurement, legal operations, or another commercial deal negotiation capacity
- Demonstrated ability to understand commercial and legal language commonly used in commercial contracts, ease in reviewing and drafting contractual language, and experience negotiating contracts and partnering effectively with legal teams
- A solution-oriented mindset with enthusiasm for establishing contracting best practices, the ability to earn trust quickly and deliver value for a critical, fast-paced function involving multiple stakeholders, and the ability to support opinions with sound reasoning
- Flexibility and comfort with changing requirements in a high-volume environment, meticulous attention to detail, and a rigorous decision-making process
- Strong verbal and written communication skills and the ability to represent Stripe effectively when interacting with stakeholders