Director, Contract Administration

The Director of Contract Administration will oversee the comprehensive management and administration of contracts related to both medical and non-medical categories. This role involves leading a dedicated team, conducting vendor assessments, engaging in supplier negotiations, and ensuring the diligent maintenance and monitoring of all contracts. This is a hybrid role, with an expectation that the selected candidate will work on-site at the Inova Center for Personalized Health in Fairfax, Virginia, two to three days per week. Oversees assigned department or functional area to ensure it is performing effectively, which may include but not limited to, preparing and implementing business strategy to achieve the organization's goals, ensuring legal compliance, communicating and collaborating with stakeholders, managing employment decisions and contributions of supporting team members, and managing departmental budget and fiscal success. Supervises and mentors a team of contract managers and analysts, providing guidance and support to ensure the achievement of departmental goals. Assists sourcing with the defining requirements of projects and proposals, ensuring clarity and comprehensive coverage of all necessary details. Evaluates potential vendors and suppliers based on their capabilities, reliability, and compliance with Inova's standards and requirements. Conducts negotiations with suppliers to secure favorable terms and conditions that align with Inova's objectives, as well as aid SCM Sourcing with price negotiations. Drafts, reviews, and finalizes contracts, ensuring they meet legal, regulatory, and organizational standards and accurately reflect negotiated terms. Oversees the ongoing management of contracts, including amendments, renewals, and terminations, to ensure their continued relevance and compliance. Implements and maintains systems for tracking contract performance, compliance, and adherence to agreed-upon terms. Identifies and mitigates potential risks associated with contracts, advising on corrective actions to protect Inova's interests. Prepares detailed reports on contract status, performance metrics, and departmental activities for senior management review. Collaborates with other departments to align contract management strategies with Inova's overall business goals and objectives.