Contract Management Specialist

As a Mid-Level Contract Management Specialist, you will be responsible for ensuring compliance with contracting regulations and optimizing contract execution. Your day-to-day activities will involve reviewing and negotiating contracts, monitoring contract performance, identifying and mitigating contract risks, and ensuring regulatory compliance reporting. You should have master proficiency in Contract Compliance & Execution and advanced proficiency in Contract Management. You must also possess intermediate proficiency in Contracting Regulations and Regulatory Compliance Reporting. Review and negotiate contracts to ensure compliance with contracting regulations. Monitor contract performance and identify and mitigate contract risks. Ensure regulatory compliance reporting for all contracts. Collaborate with cross-functional teams to optimize contract execution. Provide expert guidance and support to project teams throughout the contract lifecycle.

What you will be doing:

Contract Review and Negotiation

• Reviewing contract terms and conditions to ensure alignment with company policies and legal requirements.
• Negotiating contract terms with vendors, clients, and other stakeholders to achieve favorable outcomes for the organization.
• Collaborating with legal counsel and other relevant departments to resolve any contract related issues.

Contract Drafting

• Drafting clear, concise, and comprehensive contracts, including agreements, amendments, and addendums.
• Customizing contract templates to meet the specific needs of each engagement.
• Ensuring that contracts accurately reflect the intentions of all parties involved.
• Contract Administration Managing the contract lifecycle from initiation through execution and closeout. Tracking key contract milestones, deadlines, and deliverables to ensure compliance.
• Maintaining organized contract records and documentation for easy retrieval and reference.
• Risk Management Identifying potential risks and liabilities associated with contract terms and conditions. Recommending risk mitigation strategies to protect the organization s interests.
• Monitoring contract performance to proactively address any issues that may arise.
• Stakeholder Communication Serving as the primary point of contact for contract related inquiries and communications.
• Providing guidance and support to internal teams on contract matters, including interpretation of terms and resolution of disputes.
• Building and maintaining positive relationships with external parties involved in contract negotiations and execution.