Contract Management/Contract Administration

2 days ago

Bengaluru, India Talent Worx Full time

Job Title: Contract Management & Procurement Specialist Experience: 5 8 Years Location: Bangalore, Karnataka Department: Procurement / Legal / Supply Chain Management Employment Type: Full-Time Job Summary: We are looking for an experienced and detail-oriented Contract Management & Procurement Specialist to oversee end-to-end contract lifecycle management, sourcing, and procurement activities. The ideal candidate will be responsible for drafting, reviewing, and negotiating contracts, managing vendor relationships, and ensuring compliance with company policies and regulatory requirements. Key Responsibilities: Contract Management & Administration: - Draft, review, and negotiate various types of contracts including vendor agreements, service contracts, NDAs, and MSAs. - Ensure all contracts are compliant with legal, regulatory, and corporate policies. - Manage the complete contract lifecycle from initiation and approval to renewal or closure. - Maintain an organized contract repository and monitor key milestones (renewals, expirations, etc.). - Coordinate with internal stakeholders (Legal, Finance, Operations) to ensure timely execution of agreements. - Support risk assessment and mitigation related to contractual obligations. Procurement & Sourcing: - Manage the end-to-end procurement process from vendor identification to purchase order execution. - Develop sourcing strategies to optimize cost, quality, and delivery performance. - Evaluate and onboard vendors based on capability, pricing, and compliance standards. - Negotiate commercial terms, pricing, and service-level agreements (SLAs) with suppliers. - Drive cost reduction and process improvement initiatives within the procurement function. - Ensure all procurement activities align with company governance and compliance standards. Vendor & Stakeholder Management: - Build and maintain strong relationships with key suppliers and service providers. - Conduct vendor performance evaluations and support dispute resolution when required. - Collaborate cross-functionally with Legal, Finance, Operations, and Business teams to align on sourcing strategies and contract needs. Key Skills & Competencies: - Strong knowledge of contract law, commercial terms, and procurement best practices. - Experience in contract drafting, redlining, and negotiation. - Proficiency in ERP systems (SAP / Oracle / Coupa) and MS Office tools. - Excellent communication, negotiation, and analytical skills. - Strong attention to detail and ability to manage multiple contracts/projects simultaneously. - Familiarity with risk assessment and vendor compliance processes. Qualifications: - Bachelor’s degree in Law, Business Administration, Supply Chain Management, or a related field (MBA or LLB preferred). - 5–8 years of experience in contract management, contract administration, or procurement & sourcing. - Experience in IT, manufacturing, or service-based industries preferred.

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