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Title

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Commercial Contracts Specialist

Description

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We are looking for a Commercial Contracts Specialist to join our dynamic team. This role is pivotal in managing and negotiating the various commercial contracts that our company enters into. The ideal candidate will have a keen eye for detail, exceptional negotiation skills, and a deep understanding of contract law. You will be responsible for the entire lifecycle of a contract, from initial drafting and negotiation to execution and compliance monitoring. This position requires a proactive approach to identifying risks and opportunities within contracts to ensure they align with the company's strategic goals and comply with all relevant laws and regulations. You will work closely with various departments, including sales, procurement, legal, and finance, to ensure contracts are favorable and executed efficiently. The role demands a high level of professionalism, ethical judgment, and confidentiality in handling sensitive information. If you are a motivated individual with a passion for excellence in contract management, we would like to hear from you.

Responsibilities

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  • Draft, review, and negotiate a wide range of commercial contracts.
  • Ensure all contracts are in compliance with legal, regulatory, and organizational policies.
  • Manage the contract lifecycle, including initiation, negotiation, execution, and termination.
  • Collaborate with internal stakeholders to understand contract requirements and objectives.
  • Identify risks and opportunities in contracts and propose mitigation strategies.
  • Maintain a database of all contracts and ensure they are updated and accessible.
  • Provide training and support to team members on contractual matters.
  • Stay abreast of changes in laws and regulations that may affect contracts.
  • Handle contract disputes and negotiations with third parties.
  • Prepare and submit contract documentation and ensure proper approval processes are followed.

Requirements

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  • Bachelor's degree in Law, Business Administration, or related field.
  • Proven experience as a Contracts Specialist or similar role.
  • Strong understanding of contract law and commercial terms.
  • Excellent negotiation and interpersonal skills.
  • Ability to work independently and manage multiple contracts simultaneously.
  • Detail-oriented with strong analytical skills.
  • Proficient in Microsoft Office and contract management software.
  • Strong communication skills, both written and verbal.
  • Ability to maintain confidentiality of sensitive information.
  • Certification in contract management is a plus.

Potential interview questions

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  • Can you describe your experience with contract negotiation and management?
  • How do you stay updated on changes in contract law and regulations?
  • Can you provide an example of a complex contract you managed and how you handled it?
  • How do you prioritize tasks when managing multiple contracts at the same time?
  • What strategies do you use to mitigate risks in contracts?