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Contracts Analyst - job 1 of 2

Company Description

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Job Description

Team Summary

The Client Services team provides industry-leading operational support to Visa’s clients around the world. With our deep knowledge and expertise, we bring the voice of the customer into the design, development, and successful deployment of Visa products and services. We are trusted partners to Visa’s clients, providing expertise to support and successfully grow their business.

Client Contract Management (CCM) team supports Visa’s global strategy by managing the governance and contracting process of client contracts (from draft development and negotiation through to securing internal approvals, execution, auditing and reporting).

 

What a Contract Analyst, Client Contract Management does at Visa:

This role is an individual contributor within the AP CCM team based in Singapore office. The ideal candidate will be self-directed, analytical and a strategic thinker.

  • Serve as the key CCM contract owner for the assigned markets in managing and facilitating client contract administration process which includes reviewing and processing contract requests, contract drafting, stakeholders’ approvals, contract issuance, and execution within agreed Service-Level Objectives (SLOs).
  • Liaise with various stakeholders including Account Executives, Products, Legal, Finance, Audit etc to ensure that contracts are developed and approved consistently and promptly in accordance with relevant policies and procedures.
  • Manage post-contract administration activities including and not limited to distribution of contract information to all necessary stakeholders, handling of hardcopies, contracts filing, database management, audit enquiries, and other post-execution activities.
  • Maintain accurate and timely records and documents associated with all contracts for management reporting, capacity planning, as well as for audit purpose.
  • Identify and implement process improvements for assigned markets and / or contract types, and provide value-add services to our stakeholders and business partners.
  • Participate in special assignments and providing ad-hoc support and reporting as required, including but not limited to supporting other regions’ colleagues as needed.

Why this is important to Visa

The Contract Analyst is a subject matter expert in managing and administering client contracting process, from contract drafting request through to executed contract distribution, by working with various stakeholders of all levels. Subjected to audit reviews, Contract Analyst, as part of CCM team, ensures designated contracts are aligned with business processes and controls established by various Visa corporate policies and compliant with industry-specific rules and regulations, while continually looking for opportunities to optimize such process and controls.

Projects you will be a part of:

As part of the CCM team, you will get the opportunity to work on strategically important projects for Visa in addition to the core responsibilities of a Contract Analyst. This includes, but not limited to:

  • Collaborating with our stakeholders including other region CCM colleagues, Legal, Finance, Sales, Products, Client Services etc, continuously looking for opportunities to optimize CCM processes and workflow to drive process improvements and efficiency;
  • Participate in special assignments and providing ad-hoc support and reporting as required, including supporting other regions’ colleagues as needed.

This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office 2-3 set days a week (determined by leadership/site), with a general guidepost of being in the office 50% or more of the time based on business needs.

Qualifications

What you will need:

  • Bachelors degree in any relevant discipline
  • Minimum 5 years of business service management experience in contract management or business operations, preferably in the payment services industry and related credit and debit processing industries, banking and financial institutions, technology and digital payments, fintech.
  • Highly-organized self-starter with strong attention to detail, able to multi-task and to follow procedures-driven process in managing requests from stakeholders across various functions at all levels of management throughout Visa under minimal supervision within agreed Service-Level Objectives (SLOs).
  • Responsible for own workflow assignments and must be able to take the initiative to resolve problems and meet tight deadlines especially during peak period.
  • Team oriented, collaborative, diplomatic and flexible.
  • Openness to active developmental feedback and coaching from peers and managers.
  • Experience with Contract Lifecycle Management (CLM) tool, Customer Relationship Management (CRM) tool, eSignature tool, and computer applications including Microsoft Office (Word, Excel, PowerPoint, Outlook) is required.

What will also help:

  • Experience with data analytical tool e.g. Power BI a plus.
  • Understanding of Visa Products and Services.

Additional Information

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Average salary estimate

$85000 / YEARLY (est.)
min
max
$75000K
$95000K

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What You Should Know About Contracts Analyst, Visa

If you’re looking for an exciting opportunity to join an industry leader, then the Contracts Analyst position at Visa in Singapore could be perfect for you! At Visa, we are redefining how the world pays and addressing the needs of our clients through innovative solutions. As a Contracts Analyst within our Client Contract Management (CCM) team, you’ll be an essential part of our mission, handling the crucial task of managing client contracts from start to finish. This role allows you to leverage your analytical skills and attention to detail while collaborating with a variety of stakeholders including Account Executives, Legal, and Finance teams. Your contributions will directly affect how we support our clients and help grow their businesses effectively. You’ll be responsible for the smooth administration of contracts, ensuring that every contract is processed in accordance with our policies and procedures. Moreover, you'll have the chance to identify process improvements and make a significant impact on our operations. We believe in fostering a collaborative and flexible work environment, offering hybrid work options that let you blend office and remote work. So, if you thrive in dynamic settings and have a strong background in contract management or business operations, apply today to join Visa and experience Life at Visa. Together, let’s empower economies and uplift communities across the globe!

Frequently Asked Questions (FAQs) for Contracts Analyst Role at Visa
What does a Contracts Analyst do at Visa in Singapore?

A Contracts Analyst at Visa in Singapore is responsible for managing the client contract administration process. This includes reviewing contract requests, facilitating contract drafting, obtaining necessary approvals, and ensuring timely execution. The role also involves post-contract management, including distribution of contract information and maintaining accurate records, making this a pivotal role in supporting Visa's operations.

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What qualifications do I need to apply for the Contracts Analyst position at Visa?

To apply for the Contracts Analyst position at Visa, candidates should have a bachelor’s degree in a relevant discipline and at least 5 years of experience in contract management or business operations. Knowledge of the payment services industry is preferred, as well as experience with Contract Lifecycle Management (CLM) tools and data analytics.

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How does the Contracts Analyst role contribute to Visa's success?

The Contracts Analyst role at Visa is vital in ensuring all contracts are processed efficiently and comply with internal policies and external regulations. By maintaining high standards of contract management, the analyst supports Visa's global strategy and helps optimize processes, which ultimately enhances our ability to serve our clients effectively.

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What skills are essential for a Contracts Analyst at Visa?

Essential skills for a Contracts Analyst at Visa include strong analytical abilities, attention to detail, excellent organizational skills, and the capacity to manage multiple tasks under tight deadlines. Collaboration and communication skills are also critical, as the analyst routinely interacts with various stakeholders across the organization.

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Is the Contracts Analyst position at Visa a remote working opportunity?

The Contracts Analyst position at Visa offers a hybrid working setup, which allows employees to balance time between remote work and in-office presence. This flexibility is designed to accommodate business needs while promoting a healthy work-life balance.

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What types of projects will the Contracts Analyst be involved in at Visa?

As a Contracts Analyst at Visa, you will participate in various strategic projects aimed at improving contract management processes and efficiencies. Collaborating with other teams across different regions will enable you to contribute to the optimization of workflows and enhance service delivery across Visa’s operations.

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Can I grow my career as a Contracts Analyst at Visa?

Yes, Visa encourages career growth and development among its employees. As a Contracts Analyst, you will gain valuable expertise and exposure to various facets of contract management, paving the way for career advancement within Visa, potentially into senior contract management roles or other operational positions.

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Common Interview Questions for Contracts Analyst
Can you describe your experience with contract management?

In responding to this question, focus on detailing your past experiences related to contract management. Highlight the types of contracts you've worked with, your role in drafting and negotiating these contracts, and any tools or software you've utilized, making sure to clearly articulate how your experiences can add value to the Contracts Analyst position at Visa.

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How do you ensure compliance with company policies when managing contracts?

You should emphasize your understanding of regulatory requirements and company policies. Discuss proactive measures you take, such as staying updated with policies, conducting thorough reviews, and maintaining communication with legal advisors to ensure all contracts adhere to relevant guidelines.

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What steps do you take to manage tight deadlines when handling contracts?

In your answer, outline your organizational strategies, such as prioritizing tasks based on urgency, creating timelines for various contract processes, and effective communication with stakeholders to ensure all parties are aligned to meet deadlines.

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Can you give an example of a challenging contract negotiation you handled?

Share a specific example where you faced obstacles during contract negotiations. Discuss the complexity of the situation, the strategies you employed to navigate the challenge, and how you reached a satisfactory resolution for all involved parties.

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How do you stay organized when managing multiple contracts at the same time?

Discuss the tools and techniques you use for organization, such as software applications for tracking contracts, creating a centralized repository, and maintaining a checklist or calendar to keep an overview of contract status throughout their lifecycle.

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What do you understand about Visa’s products and services?

Show your knowledge of Visa's offerings like digital payment solutions, fraud prevention technologies, and cross-border payment services. This demonstrates your interest in the company and indicates that you've done your homework to align your expertise with Visa's operations.

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How do you handle disputes or disagreements related to contracts?

Provide insights into your conflict resolution skills. Discuss your approach to addressing disputes through open communication with involved parties, clarifying misunderstandings, and finding compromise solutions while ensuring the integrity of the contract terms.

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What tools have you utilized for contract lifecycle management?

Talk about any specific CLM tools or software you've worked with. Provide examples of how you leveraged these tools to enhance the efficiency of contract management processes, and how they allowed for better collaboration with other teams.

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How do you approach process improvement in contract management?

Discuss your analytical mindset and process-oriented thinking. Describe how you assess current practices, gather feedback from stakeholders, and propose changes that would streamline contract workflows for enhanced efficiency.

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What motivated you to apply for the Contracts Analyst position at Visa?

In your answer, articulate your passion for the payments industry and your desire to contribute to a globally recognized brand like Visa. Share specific aspects of the role or company culture that excite you and align with your career goals.

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Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entiti...

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Full-time, hybrid
DATE POSTED
November 26, 2024

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