Contract Manager - Hofincons Group

Echelonix

Date: 1 week ago

City: Al Khobar

Contract type: Contractor

May, 2024

Experience:

05 years

Education:

Graduation (Business or Finance)

Job type:

Full time

Location:

Al Khobar, Saudi Arabia

Responsibilities and skills:

Understand the contract terms, conditions and responsibilities of the parties involved.
Understand the scope of the work, work deliverables & payment terms and other implications (like manpower requirements, bank guarantees, retentions, VAT, tax, visa, localization & others) of the contract.
Evaluate contract terms and conditions to identify potential risks and propose mitigation strategies to protect the organization’s interests.
Collaborate with internal teams and external stakeholders to negotiate favorable terms, ensuring that contracts are mutually beneficial.
Review & follow up with respective teams to mobilize manpower & kick start the new projects as per the contract terms.
Monitor and track contract performance, including deadlines, deliverables, and obligations, and facilitate necessary changes or amendments wherever required.
Understand the complete work approval & Invoicing process.
Review the status of completion of work for each project based on its scope (monthly progress, number of tags, specified activities/areas etc.,).
Review the status of invoicing regularly to make sure on time submission of invoices to clients.
Monitor invoicing for each project as per the plans set by the management and review & identify the gaps to take necessary steps to resolve the issues by taking required support from other teams.
Follow up with clients to get the payments against the invoices submitted to meet the cash flow requirements.
Maintain accurate records of all contracts, correspondence, and negotiations. Safe custody of original contracts, PO and other documents.
Regular reporting to the management on the below:
Status of all ongoing projects
Status of productivity as per the project plans and variance reports
Status of work completed and invoicing
Pending invoicing details with reasons and planned actions to resolve the issues
Proactive steps to avoid re-occurrence of the past issues
Receivables status with reasons in the delay of the receipts
Other reports as per management instructions
Strong understanding of contract law, legal terminology, and industry-specific regulations.
Excellent organizational and time-management abilities
Excellent negotiation and communication skills, both written and verbal
Problem solving ability
Accuracy, Flexibility & Reliability
Independent thinking and decision-making ability

Requirements:

Bachelor’s degree in business, marketing, finance, law or a related field.
5 years of relevant experience.
Must agree to serve a minimum of 2 years with the company.
Strong analytical and problem-solving skills.

Preferred qualifications:

The candidate should be a graduate, having a minimum 5 years’ experience, proficient in both written and verbal communication.

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