Specialist, Procurement Contracts (643)

Job Title:Specialist, Procurement Contracts

Job Purpose

Responsible for supporting the management of the contract lifecycle with vendors for all contracts overseen by the Procurement and Contracts Department. This role involves assisting in negotiation, drafting, reviewing, and administration of contracts to ensure compliance with organizational policies and regulatory requirements.

Job Specific Accountabilities

Contract Drafting and Execution

 Assist in drafting, negotiating, and executing contracts in accordance with legal requirements, company policies, and industry standards.

 Support the management of the contract lifecycle, including contract execution, amendments, extensions, and terminations.

Stakeholder Collaboration

 Collaborate with internal stakeholders, such as legal, finance, sales, and operations, to gather necessary information for contract drafting and negotiation.

 Work with various internal departments and external stakeholders to manage contractual relationships and mitigate risks.

 Help develop and maintain relationships with external stakeholders, such as vendors and partners, to foster positive contractual relationships.

Risk Management

 Assist in identifying and mitigating contractual risks by conducting thorough risk assessments and proposing appropriate risk mitigation strategies.

 Monitor contract performance and compliance, and support the resolution of any issues or disputes that may arise.

Continuous Improvement

 Identify opportunities for process improvements in contract management practices and suggest enhancements.

 Support the implementation of improvements to enhance efficiency and effectiveness in contract management processes.

Reporting and Documentation

 Maintain accurate records and documentation related to contract activities.

 Assist in preparing reports on contract performance and compliance for review by senior management.