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Specialist - Contract Management
4 weeks ago
The Contract Management Specialist is responsible for managing contracts and agreements for the organization, ensuring compliance with legal and regulatory requirements, and optimizing the contractual process to minimize risk and maximize value. This role involves collaboration with various departments, including procurement, legal, finance, and technology, to ensure that contracts align with business objectives.
ROLES & RESPONSIBILITIES:
- Contract Drafting & Negotiation: Draft, review, and negotiate contracts, including vendor agreements, service contracts, and partnership agreements to ensure compliance with laws and regulations.
- Contract Lifecycle Management: Manage the entire contract lifecycle, from initiation to execution, monitoring performance, and overseeing renewals or terminations.
- Compliance & Risk Management: Ensure compliance with legal requirements and mitigate risks associated with contracts.
- Collaboration & Communication: Work closely with internal stakeholders (legal, finance, technology) to align on contractual terms and act as the main point of contact for contract-related inquiries.
- Performance Monitoring: Track contract performance metrics and prepare reports on compliance and performance for management review.
- Training & Support: Provide training on contract management processes and improve internal policies for efficiency.
- Renewal & Termination: Manage contract renewals, amendments, and terminations following proper procedures.
GENERAL RESPONSIBILITIES:
- Serve as a backup for other procurement team members during their absence.
- Maintain and update procurement-related files and records.
- Assist in procurement meetings and provide updates to management.
- Explore automation and modernization ideas to streamline processes.
- Perform any other duties assigned by management.
KEY QUALIFICATIONS:
- Bachelor's degree in Law or a related field.
- Certifications: International certification in Procurement and Supply Chain Management.
- Strong knowledge of contract law, analytical skills, and proficiency in contract management software and Microsoft Office Suite.
- Strong organizational skills with the ability to manage multiple tasks and deadlines.
- 3-4 years of experience with a Law background.
Company Industry: Banking | Financial Services | Broking
Department / Functional Area: Corporate Planning | Procurement
Seniority level- Entry level
- Full-time
- Legal
- Industries: Banking and Financial Services
