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Title
Text copied to clipboard!Contract Administrator
Description
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We are looking for a detail-oriented and experienced Contract Administrator to join our team. In this role, you will be responsible for managing, negotiating, renewing, and overseeing the execution of contracts for our organization. You will act as the main liaison between our company and external parties, such as vendors, clients, and suppliers, ensuring all contracts are compliant with legal requirements, company policies, and financial specifications. The ideal candidate will have a strong understanding of contract law, excellent negotiation skills, and the ability to work under pressure while maintaining high levels of accuracy and professionalism. Your duties will include reviewing contracts, ensuring all agreements are beneficial to the company, and minimizing risks. You will also be responsible for maintaining detailed records of contracts, amendments, and other relevant documentation. This role requires a proactive approach to problem-solving, excellent organizational skills, and the ability to communicate effectively with stakeholders at all levels.
Responsibilities
Text copied to clipboard!- Review, negotiate, and draft a wide range of contracts and agreements.
- Ensure all contracts are in compliance with legal, regulatory, and organizational policies.
- Monitor and manage contract execution and renewal processes.
- Maintain detailed and organized contract records.
- Coordinate with internal departments to gather contract requirements.
- Identify risks and opportunities within contracts and agreements.
- Provide guidance and advice on contractual matters to management and other departments.
- Develop and implement contract management tools and processes.
- Handle breach of contracts in a timely manner to minimize liability.
- Stay updated on changes in legislation and regulations affecting contracts.
- Facilitate clear communication between internal and external stakeholders regarding contract matters.
- Negotiate terms and conditions with suppliers, vendors, and other external parties.
- Prepare contract summaries and ensure contract execution in accordance with company policy.
- Assist in the resolution of contract-related disputes.
- Participate in contract strategy meetings to identify issues and client requirements.
- Ensure timely follow-up on contract issues and deadlines.
- Advise on contract management and policy compliance matters.
- Perform special projects and other duties as assigned.
Requirements
Text copied to clipboard!- Bachelor's degree in Law, Business Administration, or related field.
- Proven experience as a Contract Administrator, Contract Manager, or relevant role.
- Strong understanding of contract law and legal requirements.
- Excellent negotiation and interpersonal skills.
- Ability to work independently and as part of a team.
- High level of attention to detail and accuracy.
- Strong organizational and time management skills.
- Proficient in Microsoft Office Suite and contract management software.
- Excellent written and verbal communication skills.
- Ability to handle multiple tasks and meet tight deadlines.
- Knowledge of industry-specific regulations and standards.
- Critical thinking and problem-solving skills.
- Professional certification in contract management is preferred.
- Experience in drafting, evaluating, negotiating, and executing contracts.
- Understanding of business and financial principles.
- Ability to maintain confidentiality of sensitive information.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with contract negotiation and management?
- How do you stay informed about changes in contract law and regulations?
- Can you provide an example of a challenging contract issue you resolved?
- How do you prioritize and manage your workload when handling multiple contracts?
- What strategies do you use to ensure contracts are compliant with legal and company policies?
- How do you approach negotiations with difficult suppliers or clients?
- Can you explain a time when you identified a risk in a contract and how you mitigated it?
- What contract management software are you familiar with?
- How do you ensure all stakeholders are informed about contract terms and conditions?
- What do you believe is the most challenging aspect of contract administration?