As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers. At Target, we have a timeless purpose and a proven strategy and that hasn’t happened by accident. Some of the best minds from diverse backgrounds come together at Target to redefine retail in an inclusive learning environment that values people and delivers world-class outcomes. That winning formula is especially apparent in Bengaluru, where Target in India operates as a fully integrated part of Target’s global team and has more than 4,000 team members supporting the company’s global strategy and operations.
Joining Target means promoting a culture of mutual care and respect and striving to make the most meaningful and positive impact. Becoming a Target team member means joining a community that values diverse backgrounds. We believe your unique perspective is important, and you'll build relationships by being authentic and respectful. At Target, inclusion is part of the core value. We aim to create equitable experiences for all, regardless of their dimensions of difference. As an equal opportunity employer, Target provides diverse opportunities for everyone to grow and win
As a Senior Contracts Specialist, you will help and support the strategic sourcing and procurement team in drafting and negotiating contracts and other legal documents which effectively govern sourcing of Target’s indirect commodity needs for Target in India as well as global indirect spend. You will assist in establishing negotiation processes to drive the best value and mitigate risk for Target India.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
- Support in Contract Drafting & Negotiation with suppliers for Target in India as well as global agreements
- Support to Draft, review and negotiate commercial contracts with suppliers
- Review and negotiate procurement-related agreements including Master Service Agreements, Scope of Work, License Agreements, Non-Disclosure Agreements, Local Affiliate Agreements, Change Requests, Letter of Intent and Consultant/work-for-hire agreements.
- Negotiate with Supplier and their legal teams to execute legal agreements
- Provide ad-hoc legal advices for business and internal teams
- Assist in Developing and negotiating contract to position Target with maximum leverage for negotiating best-in-class service level performance guidelines for effective vendor performance within service contracts
- Reporting and governance requirements for contract management
Contract Management
- Proactively leverage identified risk management practices that protect Target from unanticipated risk or financial exposure through due diligence, contracts, and vendor management
- Support Contract life cycle and internal tools for extracting reports.
- Consider and negotiate required service levels based on business requirements for effective performance and within service contracts
- Advise and recommend new ways to negotiate upcoming contracts, leveraging prior contract management experience, industry benchmarking, and corporate-wide contract best practices
REPORTING/WORKING RELATIONSHIPS:
- Reports to Sourcing Director
- Builds strong relationship between sourcing, legal and other business teams.
JOB REQUIREMENTS:
- 6-8 years of total work experience, preferably in commercial supplier/vendor contracts and legal teams.
- Relevant educational qualifications
- Good interpersonal, verbal, presentation and written communication skills
- Experience negotiating solutions with stakeholders to meet business objectives
- Ability to clearly identify and communicate stakeholder needs, technical aspects of primary requirements, and the procurement process
- Global contract review and negotiation is a plus
- Proficiency in contract management tools is a plus
Useful Links-
Life at Target- https://india.target.com/
Benefits- https://india.target.com/life-at-target/workplace/benefits
Culture- https://india.target.com/life-at-target/diversity-and-inclusion
What We Do
Target is an American retailing company providing access to a wide selection of products such as furniture, electronics, toys, and more.
Target is one of the world’s most recognized brands and one of America’s leading retailers. We make Target our guests’ preferred shopping destination by offering outstanding value, inspiration, innovation and an exceptional guest experience that no other retailer can deliver. Target is committed to responsible corporate citizenship, ethical business practices, environmental stewardship and generous community support. Since 1946, we have given 5 percent of our profits back to our communities. Our goal is to work as one team to fulfill our unique brand promise to our guests, wherever and whenever they choose to shop.
