Commercial Contract Executive

Business & Product Management
United Arab Emirates 🇦🇪
October 2, 2023

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Job Description

  • Contract Administration: Handle the administration of contracts throughout their lifecycle, including contract creation, review, negotiation, and execution.
  • Contract Review: Review contract terms and conditions to ensure compliance with legal requirements, company policies, and industry standards. Identify potential risks, issues, and discrepancies and provide recommendations for resolution.
  • Contract Compliance: Ensure compliance with contract terms and conditions by monitoring contract performance, deliverables, and milestones. Identify and address any deviations or non-compliance issues, and implement appropriate actions or remedies as required.
  • Documentation and Reporting: Maintain accurate and up-to-date contract records, including contract documents, correspondence, amendments, and related information. Prepare reports and summaries on contract status, key terms, and performance metrics for management and stakeholders.
  • Relationship Management: Foster positive relationships with clients, vendors, and other external parties involved in contracts. Serve as a point of contact for contract-related inquiries, clarifications, and dispute resolution.
  • Contract Renewals and Amendments: Coordinate contract renewals, extensions, and amendments as needed. Review and assess contract changes, negotiate terms, and update contract documentation accordingly.
  • Risk Management: Identify and mitigate contractual risks and liabilities. Assess potential risks associated with contract terms, financial obligations, and performance expectations, and develop strategies to minimize exposure.

Skills

  • Bachelor’s degree in business administration, law, or a related field. A legal background is advantageous.
  • Proven experience in contract administration, negotiation, and management.
  • Strong knowledge of contract law, legal terminology, and contract best practices.
  • Excellent communication and interpersonal skills for effective stakeholder management.
  • Attention to detail and strong analytical skills to review and interpret contract terms accurately.
  • Proficiency in contract management software or tools.
  • Familiarity with relevant legal and regulatory frameworks.
  • Ability to work independently, prioritize tasks, and meet deadlines.

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