Contract Coordinator 02M26

A Contract Coordinator is a vital member of the contracts management team, responsible for overseeing the creation, negotiation, and execution of contracts with various stakeholders. This position entails ensuring contract compliance, managing risk, and providing support to the legal and business development teams. The Contract Coordinator will play a significant role in maintaining relationships with vendors, clients, and internal departments, ensuring that all contractual obligations are met efficiently. Through meticulous attention to detail and excellent organizational skills, the Contract Coordinator will ensure the smooth operation of contract processes, fostering a harmonious and efficient contractual workflow within the organization. They will serve as the point of contact for queries regarding contract modification, offering clarity and timely updates, thereby supporting the strategic objectives of the organization.

Responsibilities

• Collaborate with legal and business teams to draft and revise client contracts.
• Monitor contract performance to ensure compliance with specified terms and conditions.
• Maintain accurate records of contracts, amendments, and correspondence in a digital database.
• Analyze contract terms to identify potential risks or areas for improvement.
• Facilitate communication between parties for contract negotiations and modifications.
• Ensure timely execution of contracts, renewals, and terminations according to company policy.
• Provide guidance and support to staff on contract-related queries and procedures.
• Conduct regular audits to ensure contract health and compliance within the organization.
• Coordinate with finance and accounting teams on invoicing and payment related to contracts.
• Prepare reports on contract status, milestones, and deliverables for senior management.
• Stay informed about industry trends and regulatory changes affecting contracts.
• Assist in developing and implementing contract management policies and procedures.

Requirements

• Bachelor’s degree in Business Administration, Law, or related field required.
• Minimum of 2 years experience in contract administration or management roles.
• Excellent understanding of contract law, negotiation techniques, and legal terminology.
• Exceptional organizational skills with the ability to manage multiple priorities efficiently.
• Strong attention to detail and ability to identify potential risks in contracts.
• Proficiency in Microsoft Office Suite and contract management software required.
• Strong communication skills with the ability to liaise effectively with stakeholders.