Contracts Administrator

As a Contracts Administrator/Paralegal at Labcorp, your primary responsibilities include loading documents into the Contraxx system, maintaining electronic records of agreements and documents, and preparing requests for review and countersignature. You will also review documents to determine if further internal review is required, compare contracts, facilitate communication between departments, and generate NDAs and other agreements.

To qualify for the Contracts Administrator/Paralegal role at Labcorp, you need a High School Diploma or equivalent. However, we prefer candidates with an Associate's Degree and 3-5 years of experience in a similar role. You should be familiar with contract language and possess strong communication and organizational skills, along with proficiency in Microsoft Office and Adobe.

Essential skills for the Contracts Administrator/Paralegal position at Labcorp include exceptional organizational abilities, solid communication skills (both verbal and written), the capacity to adapt to high-pressure situations, and the ability to work both independently and collaboratively. Previous experience with Microsoft Office and Adobe is also required for this role.

The Contracts Administrator/Paralegal role at Labcorp is a hybrid position that can be based out of Burlington or RTP in North Carolina. This flexibility allows for a mix of in-office and remote work, catering to the needs of both the employees and the company.

Labcorp offers a comprehensive benefits package for employees regularly scheduled to work 20 or more hours per week. Benefits include medical, dental, vision, life insurance, short-term and long-term disability coverage, a 401(k) plan, paid time off, flexible time off, tuition reimbursement, and an employee stock purchase plan.

When answering this question, focus on your previous roles where you handled contracts. Discuss specific tasks you performed such as reviewing contracts, ensuring compliance, and your approach to managing deadlines. Highlight any tools or systems you’ve used, like Contraxx, and how you've facilitated communication with other departments.

Discuss your time management strategies, such as using tools like Excel for tracking document statuses and deadlines. Explain how you assess the urgency of tasks and your methods for staying organized, ensuring that you meet tight deadlines without sacrificing quality.

Describe the process you follow when identifying a need for further review, such as communicating with legal or compliance teams, documenting issues, and keeping stakeholders informed. Detail how you ensure a seamless transition for the contracts through the review process.

Provide examples of past experiences where you've successfully managed high-pressure situations. Discuss techniques you utilize, like breaking tasks into smaller parts or setting clear priorities to ensure timely completion.

Emphasize the importance of proactive communication. Discuss your methods for updating vendors and internal teams, such as regular status reports, emails, and meetings. Stress how effective communication can resolve issues quickly and keep projects on track.

Talk about your unique skills, experience, and personal traits that align with Labcorp's needs. Highlight your organizational skills, adaptability, and your ability to collaborate effectively within teams while managing contracts and ensuring compliance.

Discuss how you commit to continuous learning by attending relevant training sessions, webinars, and industry conferences. Mention resources you use, such as legal publications or professional networks, to stay informed about changes that could impact contract management.

Share a specific example of a difficult negotiation, focusing on your approach to resolving the issue. Discuss the strategies you employed, the outcome, and what you learned from the experience, stressing the importance of clarity and collaboration.

Explain your systems for organizing documents, such as electronic filing systems and backup procedures. Discuss your experience with tools like Contraxx or other document management systems and how you ensure easy retrieval when needed.

Express the pivotal role that a Contracts Administrator/Paralegal plays in a company's operations. Emphasize how effective contract management contributes to compliance, risk mitigation, and supports the overall business strategy by ensuring that agreements are beneficial and enforceable.