Specialist - Contracts & Compliance
2 days ago
CONTRACT SPECIALIST
Basic Purpose:
The Contracts Specialist is responsible for reviewing and negotiating contracts, administering the contracting process, and maintaining contract records. The Contracts Specialist will partner with internal business stakeholders, company clients and external vendors to ensure that contracts are efficiently and effectively reviewed and entered into. The Contracts Specialist position reports to the General Counsel, within the Legal Department. The Contracts Specialist is detail-oriented, critical-thinking professional who is results driven, understands the role and purpose of contracts and the contracts process within an organization, and enjoys working with the business to get the best contracts for the company.
Essential Duties and Responsibilities:
- Prepare, review, negotiate, and interpret contracts (including among others, confidentiality agreements, service agreements, consulting agreements, and amendments), ensuring business needs and priorities are met while minimizing potential risks.
- Read, understand, and analyze standard business and legal terms, identify issues and risks, and suggest potential solutions.
- Create checklists from all contracts to ensure all requirements of contracts can be met by company.
- Utilize and maintain contract forms, templates, standard clauses, checklists, guidelines, and policies.
- Coordinate and process information and responses from business stakeholders and other Law Department members to utilize in contract review and negotiation.
- Communicate with Management and staff on requested information and proper documentation regarding contracts on a regular basis.
- Maintain and update the contracts database to store/retrieve contracts, track contract status and milestones, and report on upcoming contract renewals or expirations.
- Prepare reports and statistics to facilitate the planning and maintenance of contract records.
- Provide training and guidance to business partners regarding the contract review and approval process, contracts management, and potential risks.
- Participate in and assist with the resolution of contract disputes and claims.
- Other duties as assigned.
Essential Education, Skills, and Environment:
- At least 3 years of related work experience as a full-time employee
- Contract negotiation experience
- Strong written, verbal and analytical skills
- Effective time management
- Self-motivated
- Strong interpersonal skills; team player
- Strong organizational skills; detail oriented
- Ability to multi-task and prioritize work load.
- Working knowledge of Microsoft Office software
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