Contract Analyst

Las Vegas, Nevada The SHOW comes alive at MGM Resorts International Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests. THE JOB: The Contracts & Insurance Analyst will support the Senior Manager of Contracts & Insurance in providing support to Sourcing, Legal, and Risk Management teams related to contracts. This position will lead the process of contract analytics, drafting/completing basic contracts, and assist and support the implementation of the contract lifecycle management tool (CLM) to increase efficiency with the contracting process. This is an essential role that supports the agility of the supply chain contracting process. THE DAY-TO-DAY: Support the implementation and needs of the Contract Lifecycle Management Tool, this role provides comprehensive administrative and logistical support to the sourcing team including maintaining detailed contract records, assisting with documentation, and coordinating effectively with key sourcing stakeholders Actively supports the drafting, redlining, and signatures of contracts related to Mutual Non-Disclosure Agreements, Change Orders, Amendments, and termination letters ensuring accuracy and compliance throughout the process Delivers comprehensive risk management analysis by reviewing insurance requirements, conducting gap analysis, and facilitating clear communications with supplier to ensure compliance and mitigate potential risks Analyzes contract data, tracks key performance metrics, and delivers reports on contract compliance, risk, and opportunities helping to ensure alignment with business objectives Manage supplier probity checks including internal and external communications and escalation Provide training and guidance to internal teams on contract terms, policies, and compliance issues Support the implementation and needs of the Contract Lifecycle Management Tool, this role provides comprehensive administrative and logistical support to the sourcing team including maintaining detailed contract records, assisting with documentation, and coordinating effectively with key sourcing stakeholders Actively supports the drafting, redlining, and signatures of contracts related to Mutual Non-Disclosure Agreements, Change Orders, Amendments, and termination letters ensuring accuracy and compliance throughout the process Delivers comprehensive risk management analysis by reviewing insurance requirements, conducting gap analysis, and facilitating clear communications with supplier to ensure compliance and mitigate potential risk Analyzes contract data, tracks key performance metrics, and delivers reports on contract compliance, risk, and opportunities helping to ensure alignment with business objectives Manage supplier probity checks including internal and external communications and escalation Provide training and guidance to internal teams on contract terms, policies, and compliance issues Assist in performing analysis of vendor COIs during RFP phase and contract negotiation phase to determine compliance with Company standard Insurance Requirements. Collaborate with Risk Management team to create solutions to resolve disagreements with vendors around insurance and indemnity terms. Assist in performing analysis of vendor COIs during RFP phase and contract negotiation phase to determine compliance with Company standard Insurance Requirements. Collaborate with Risk Management team to create solutions to resolve disagreements with vendors around insurance and indemnity terms. THE IDEAL CANDIDATE: Bachelor's Degree Required 1+ Years of Prior Relevant Experience in Contract Analysis and Drafting Required Have 2+ Years of Prior Relevant Experience in Contract Analysis and Drafting Has a certification in