Contract Manager I - Merchant Services

Welcome to Bank of America – a leading financial institution dedicated to providing exceptional services to our clients. We are currently seeking a highly motivated, detail-oriented individual to join our team as a Contract Manager I for our Merchant Services division. As a Contract Manager, you will play a crucial role in managing and negotiating contracts with our merchant clients, ensuring compliance and maximizing profitability for the organization. We are looking for someone with a strong understanding of contract management and merchant services, as well as excellent communication and negotiation skills. If you are driven, organized, and have a passion for delivering top-notch service, we would love to have you join our team. Read on to learn more about the qualifications for this position.

1. Manage and negotiate contracts with merchant clients to ensure compliance and maximize profitability for the organization.
2. Develop and maintain strong relationships with merchant clients to understand their needs and effectively negotiate contract terms.
3. Conduct thorough reviews of contract terms and conditions, identifying any potential risks or areas for improvement.
4. Collaborate with cross-functional teams to ensure all contract terms are aligned with company policies and procedures.
5. Provide guidance and support to sales and account management teams on contract-related matters.
6. Monitor and track contract performance and make recommendations for contract renewals or amendments.
7. Stay updated on industry trends and best practices in contract management and merchant services.
8. Identify and implement process improvements to streamline contract management processes.
9. Ensure all contract documentation is accurate, organized, and maintained in accordance with company standards.
10. Communicate effectively with internal and external stakeholders to address any contract-related issues or concerns.

According to JobzMall, the average salary range for a Contract Manager I - Merchant Services is $71,000 to $95,000 per year. However, this can vary depending on the location, company, and level of experience of the individual. Some contract managers in this field may make higher salaries, while others may make lower salaries. It is important to research the specific job market and negotiate a fair salary based on your qualifications and the company's budget.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.