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AVP, Contract Administration

CIT GROUP INC. - West Jacksonville, FL

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit
The AVP Contract Administration role is responsible for supporting the Contracts and Procurement team in the timely and cost-effective strategic sourcing of IT and non IT goods and services in accordance with CIT corporate policies and procedures. In addition to creating Purchase Orders in Oracle PeopleSoft, the candidate will be responsible for negotiating best in class agreements with an emphasis on Master Professional Services Agreements and Statements of Work (SOWs) for various business lines, rate cards for professional services and managing, tracking and reporting on company-wide subscriptions (Bloomberg, Lexis-Nexis, D&B).

Draft and negotiate Master Professional Services Agreements and a high volume of SOWs for professional services across a range of business linesĀ 
Negotiation and rationalization of rate cards for professional services
Manage and track subscription agreements
Reporting and analytics
5 years of strategic sourcing experience required including contract drafting, negotiation, competitive bidding, spend analysis, e-sourcing and supplier relationship management.
College degree in Business or equivalent work experience
Strong experience in professional services agreements which are both technology and non-technology related, including drafting and negotiation of financial and legal terms and conditions
Highly experienced in rate card rationalization and managing rate cards for consulting companies
Proven experience in tracking and managing Subscriptions and memberships company-wide

20 days 14 hours ago



AVP, Contract Administration CIT GROUP INC. - West Jacksonville, FL, United States


Location: West Jacksonville, FL

Company Profile:
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.