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Ellen McGrath
Northampton,MA
Summary
Dynamic Sourcing & Contracting Advisor at Baystate Health with a proven track record in client relationship management and effective negotiation. Achieved significant cost reductions through strategic sourcing and enhanced contract compliance. Skilled in data analysis and project coordination, fostering collaborative teamwork to drive business growth and mitigate risks.
Overview
33
33
years of professional experience
Work History
Sourcing & Contracting Advisor
Baystate Health
Springfield, MA
03.2015 - Current
- Negotiated optimal contract terms and conditions to lessen business risk and maximize financial objectives.
- Maintained digital contractual files, ensuring compliance with regulatory mandates and company policies.
- Mitigated legal risks by conducting thorough reviews of contractual agreements before finalizing negotiations.
- Facilitated cross-functional team collaboration, leading to more efficient resolution of contractual disputes.
- Managed a portfolio of over 100 complex contracts, ensuring all deliverables were met within specified deadlines
- Supported business growth initiatives by proactively identifying new contracting opportunities
- Facilitated smooth contract renewals by maintaining accurate records of expiration dates and initiating timely re-negotiations.
- Achieved higher levels of contract compliance by conducting regular audits and addressing non-conformance issues swiftly.
- Collaborated with cross-functional teams to ensure seamless integration of contract requirements into project plans.
- Reduced contract negotiation time by streamlining the review process and implementing effective communication strategies.
- Participated in RFP and bid evaluation processes, ensuring the selection of vendors that provided the optimum value for the organization.
- Identified areas for improvement within the contracting process, implementing changes that led to greater efficiency and reduced costs.
- Developed comprehensive training materials for new team members, resulting in faster onboarding and increased productivity.
- Increased savings on vendor contracts by skillfully negotiating favorable terms during the procurement process.
- Developed and followed processes to manage contracts and remain in compliance with company commitments and regulatory obligations.
Sr. Financial Analyst
Baystate Health
Springfield, MA
04.2005 - 03.2015
- Increased financial accuracy by conducting in-depth analyses of financial data for 4+ hospitals.
- Enabled informed decision-making by presenting key findings from data sets in clear, concise formats for senior leadership team members.
- Maximized company resources by performing ad-hoc analyses supporting cost reduction initiatives across departments.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Created and maintained precise and accurate models, charts and reports.
- Participated in meetings to discuss financial analysis strategies.
- Developed financial models to assess potential investments and identify potential risks.
Financial Analyst
Baystate Health
Springfield, MA
05.1994 - 03.2005
- Identified cost-saving opportunities by performing thorough reviews of expense accounts and vendor contracts for 4 hospitals.
- Facilitated internal audits by providing necessary documentation and answering inquiries from auditors in a timely manner.
- Delivered timely and accurate monthly financial reports, enabling informed decision-making by management.
- Improved financial forecasting accuracy by conducting in-depth analysis of historical data .
Auditor
Arthur Andersen & Co
Stamford, CT
09.1992 - 05.1994
- Maintained confidentiality, handling sensitive information discreetly throughout all stages of the audit process.
- Performed observations and evaluated supporting documents to supplement audit findings.
- Provided detailed documentation on audit findings, facilitating swift corrective action when necessary.
- Analyzed data and findings to prepare reports detailing financial information.
- Followed established auditing processes to meet internal and regulatory requirements.
- Ensured the integrity of financial reporting by verifying the accuracy of accounting records and reconciliations.
Education
MBA - Business
University of Massachusetts, Amherst
Amherst, MA 09.1995 - 01.2025
Bachelor of Science - Accounting
Western New England University
Springfield, MA 09.1988 - 05.1992
Skills
Analytical problem-solving
Interests
Timeline
Sourcing & Contracting Advisor
Baystate Health
03.2015 - Current
Sr. Financial Analyst
Baystate Health
04.2005 - 03.2015
MBA - Business
University of Massachusetts, Amherst
09.1995 - 01.2025
Financial Analyst
Baystate Health
05.1994 - 03.2005
Auditor
Arthur Andersen & Co
09.1992 - 05.1994
Bachelor of Science - Accounting
Western New England University
09.1988 - 05.1992
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