Contract Management Specialist

Contract Management Specialist

The Contract Management Specialist is a critical role responsible for overseeing the entire contract lifecycle to ensure compliance with contractual, regulatory, and organizational requirements. This role focuses on monitoring contract performance, interpreting contractual terms, mitigating risks, maintaining accurate records, and facilitating stakeholder collaboration.

• Contract Compliance & Monitoring:
• Monitor active contracts for adherence to terms, conditions, and performance requirements
• Track contract deliverables, milestones, and performance metrics
• Investigate and resolve compliance issues, coordinating corrective actions with stakeholders
• Conduct regular reviews, audits, and gap analyses to identify and mitigate contractual risks
• Ensure compliance with organizational policies, regulations, and industry standards
• Contract Administration:
• Maintain accurate and complete contract documentation
• Monitor contract validity, key dates, and contractual obligations
• Support contract close-out activities, ensuring all deliverables and documentation are properly completed and archived
• Maintain contract information within contract management systems, ensuring data accuracy and integrity
• Contract Interpretation & Stakeholder Support:
• Review and interpret contract terms and conditions, providing guidance to internal stakeholders
• Collaborate with various departments to ensure contractual commitments are fulfilled
• Work closely with the Legal team on contract interpretation, claims, disputes, and compliance matters
• Prepare contract compliance reports, dashboards, and management presentations

Qualifications & Experience: Bachelor's degree in Law, Engineering, Business Administration, Operations Management, or a related discipline. Minimum 3-5 years of experience in Contract Management, Contract Administration, or Contract Compliance, preferably in manufacturing, industrial, heavy engineering, metals, energy, or similar sectors. Non-procurement background is required. Strong understanding of contract lifecycle management, contract administration, and compliance processes. Solid knowledge of contract law, risk management principles, and proficiency in Microsoft Office applications, particularly Excel. Experience with contract management systems and document management platforms is an advantage. Ability to analyze contract data and prepare management reports and compliance dashboards.