Contract Associate II - Remote

Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world’s most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients. With our global scale and deep expertise, you’ll have the opportunity to do meaningful work, grow your career and make a real impact on people’s health around the world. Together, we’re improving health and improving lives. Labcorp is a global leader in diagnostic testing and drug development solutions, helping healthcare providers, researchers, and patients make informed decisions that advance care. Join us in our mission to improve health and improve lives. Labcorp is seeking a REMOTE Contracts Associate II position to join our team! Work Schedule: Monday – Friday; 8:00am-5:00pm EST Contract Management: Contract Associate II, Vendor Contracting The Contract Associate II is responsible for performing the vendor contracting function and overseeing the full lifecycle of vendor agreements—from drafting and negotiation through execution, renewal, and termination. This role is ideal for an individual who brings hands-on experience in contract administration and can serve as a team lead with a collaborative mindset. This role acts as a key spokesperson for the Law Department, with Procurement, and business stakeholders to ensure that contracts are compliant, risk-mitigated, and aligned with business needs. The Contract Associate II provides both strategic and hands-on support by drafting contracts, reviewing redlines, and managing vendor paper, while also driving operational excellence and consistency across the contracting process. Duties and Responsibilities Team Development Provide coaching and training for new hires on contracting policies and best practices. Contract Management, Drafting & Negotiation Facilitate all phases of the vendor contracting process to ensure timely and accurate execution of agreements. Draft and prepare contracts using pre-approved corporate templates, ensuring consistency and adherence to company policies and risk standards. Review, analyze, and negotiate vendor-provided contract documents (“vendor paper”) to align with company requirements and minimize legal and commercial risk. Review and respond to redlines and proposed revisions to company templates, coordinating with counsel as needed for escalations or non-standard terms. Collaborate with counsel and business stakeholders to ensure contracts accurately reflect business intent, operational needs, and compliance obligations. Review, update, and maintain template libraries, clause banks, and contracting playbooks in partnership with counsel. Provides escalation assistance for redlines outside of pre-approved optional language. Collaboration with the Business Teams Serve as the primary point of contact between the contracting function and counsel team to facilitate reviews, escalate complex issues, and align on contract language and risk positions. Confer with counsel to interpret contractual terms, resolve disputes, and ensure adherence to applicable laws, regulations, and internal standards. Work closely with business units to understand vendor requirements, operational objectives, and service expectations to translate them into contractual terms. Advise internal stakeholders on contract structure, process, and risk considerations. Conduct training and provide guidance to business teams on contracting best practices, processes, and policies. Vendor Governance & Compliance Partner with Procurement, Risk Management, Privacy, Compliance and other internal teams to support vendor due diligence, onboarding, and ongoing monitoring. Ensure all contracts are executed and stored in compliance with company recordkeeping and data integrity requirements. Track key contract obligations, renewals, and compliance milestones. Support internal and external audits related to vendor management and contracting. Process Optimization & Reporting Continuously improve contracting workflows, standard operating procedures, and turnaround times. Utilize contract lifecycle management (CLM) systems and reporting tools to track and monitor contracting activity, cycle times, and bottlenecks. Develop and deliver metrics and dashboards to provide visibility into contracting performance, risk exposure, and vendor compliance. Identify opportunities to increase efficiency, reduce cost, and improve contract quality. Minimum Qualifications: High school diploma or equivalent; Associate’s degree with 2+ years relevant experience Preferred Qualifications: 1+ years experience drafting and negotiating contracts, including reviewing redlines and vendor-provided documents. Organization skills and having the ability to adapt to high pressure situations is a must. Good communication skills, verbal and written, necessary. Experience with Microsoft Office and Adobe Ability to change directions in workload based on required timeframes. Ability to work independently, and as a team, with little to no supervi