Contract Management Specialist

3 days ago

Hyderabad, Telangana, India Maddisoft Solutions Full time

Job Title: Contract Management Specialist

Location: Hyderabad (Onsite), India

Job Description & Responsibilities:

We are seeking an experienced Contract Manager for a Full-time position to oversee the review, negotiation, and management of contracts and MSAs (Master Service Agreements). This role is critical in ensuring that all contractual terms align with the company's interests and compliance requirements. The ideal candidate will be responsible for ensuring smooth contract execution and post-award compliance, while coordinating closely with senior management.

Key Responsibilities:

  • Review and analyze MSAs and other contracts to ensure that terms and conditions are favorable to the company and mitigate any potential risks.
  • Actively participate in contract negotiations, working closely with internal stakeholders to ensure that contractual terms align with business objectives and company interests.
  • Collaborate with senior management to ensure that post-award compliance is maintained, and all contractual obligations are being met.
  • Track and manage the lifecycle of all contracts, ensuring deadlines are met and terms are followed.
  • Monitor and escalate contracts nearing expiration or requiring renewal, keeping all relevant teams informed to ensure timely action.
  • Ensure that payment terms and invoices are adhered to, and track payment milestones throughout the contract term.
  • Prepare and track Statements of Work (SOWs), ensuring that they are aligned with the overall contract and business requirements.
  • Work closely with cross-functional teams (sales, legal, finance) to ensure smooth execution of contract requirements and SOWs.
  • Ensure all necessary contract documentation, including SOWs, is accurately maintained, stored, and easily accessible.
  • Regularly update senior management on contract status, risks, and any potential issues requiring attention.
  • Provide support and guidance on contractual matters as needed to internal teams.

Qualifications & Skills:

  • 2-5 years of experience in contract management, reviewing MSAs, preparing and tracking SOWs, and participating in contract negotiations.
  • Strong understanding of contract law and compliance regulations.
  • Experience with post-award compliance, ensuring that contractual requirements are being followed.
  • Ability to track, manage, and escalate contract deadlines, renewals, and expirations effectively.
  • Strong proficiency in Microsoft Office Suite, especially Excel, to track and report on contract milestones and SOWs.
  • Excellent communication and negotiation skills, with the ability to collaborate with multiple teams.
  • Detail-oriented with a proactive approach to identifying and resolving issues.
  • Ability to work independently and handle multiple tasks simultaneously in a fast-paced environment.
  • Familiarity with payment terms and invoicing procedures is preferred.
  • Willingness to work in US time zones for timely coordination with global teams.

If you have a strong background in contract management, including preparing and tracking SOWs, and are looking for an opportunity to play a key role in ensuring contract compliance and smooth execution, we invite you to apply for this contract position

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