Preparing, reviewing, and negotiating contract terms and conditions, ensuring they align with company policies, legal requirements, and project/service objectives. This often involves collaborating with legal, finance, and business development teams.
Execution:
Facilitating the formal execution of contracts and ensuring all necessary approvals are obtained.
Administration:
Maintaining comprehensive contractual records, documentation, and databases. This includes tracking key dates, milestones, deliverables, and correspondence.
Monitoring and Compliance:
Continuously monitoring contract performance against agreed-upon terms, service level agreements (SLAs), and regulatory requirements. Identifying and addressing any deviations or non-compliance.
Change Management:
Managing changes to contracts, including scope changes, amendments, and renewals. Negotiating new terms as needed.
Issue and Dispute Resolution:
Investigating and resolving contractual issues, discrepancies, and disputes in a timely and effective manner, often acting as a liaison between parties.
Close-out:
Overseeing the formal close-out of contracts upon completion, ensuring all obligations are met and documentation is finalized.
2. Project & Service Oversight:
Project Integration:
Understanding the project's scope, budget, timeline, and deliverables to ensure contracts support successful project execution.
Service Level Adherence:
Specifically for service contracts, ensuring that agreed-upon service levels are met and that any performance issues are addressed with vendors or clients.
Risk Management:
Identifying, assessing, and mitigating contractual risks. Developing strategies to minimize potential financial or operational impact.
Financial Management:
Working with finance teams to ensure accurate invoicing, cost control, and adherence to financial terms within contracts.
Performance Monitoring:
Tracking project and service performance against contractual obligations and reporting on progress to stakeholders.
3. Stakeholder Communication & Relationship Management:
Internal Collaboration:
Liaising effectively with internal teams (e.g., project managers, sales, legal, finance, procurement, operations) to ensure contractual clarity, alignment, and successful project/service delivery.
External Communication:
Serving as the primary point of contact for clients, vendors, and other external parties regarding contractual matters.
Relationship Building:
Nurturing strong business relationships with clients and vendors to foster positive and productive collaborations.
4. Strategic Contribution:
Process Improvement:
Developing and implementing efficient contract management policies, procedures, and best practices.
Legal & Regulatory Compliance:
Staying updated on relevant legal and regulatory changes that may impact contracts and ensuring compliance.
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Strategic Advice:
Providing expert advice and guidance on contractual matters to internal stakeholders.
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