In this article, we will show you detailed and updated Contracts Manager Job descriptions. Here you will also find the duties of a Contracts Manager, responsibilities, qualifications, skills, and estimated annual salary.
This Contracts Manager Job Description template provides critical duties and responsibilities for the Contracts Manager Job Description. It’s ready to post on various job sites to assist you to recruit and hire people who will oversee projects performed in partnership between one organization and another. As a job seeker, you can use this information to make a very rich resume and as well get yourself prepared for an interview.
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Contracts Manager Job Description
A contract Manager oversees the management of a company’s contracts, which include rental, sales, purchase, new business proposal, and employment contracts. Contract administrators work for a variety of organizations, including engineering firms, educational institutions, and insurance firms. The contract administrator is another term for contract administrator.
Contract Managers are in charge of projects that are carried out in collaboration between two organizations. They are in charge of coordinating every aspect of the project, from reviewing and approving contract terms to coordinating deadlines and budgets, among other things. Contract Managers work in a variety of industries, including real estate development, health care, and government agencies. They typically start as Contract Specialists and work their way up to management positions.
Contract Managers typically have a bachelor’s degree in Finance or Business Management, but employers may waive this requirement if the candidate has extensive relevant experience. Contract Managers who excel at time management, attention to detail, and leadership are the most successful. Contracts Manager Job Description
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Duties of Contracts Manager (Contracts Manager Job Duties)
- Liaison with employees at all levels of the organization to analyze and develop a comprehensive contract strategy.
- Obtaining contract-related information from parties involved.
- Reviewing contracts, ensuring accuracy, and resolving discrepancies in accordance with company policies and procedures.
- Maintaining digital and hard copies of relevant documentation and ensuring that relevant documentation is included with contracts.
- Liaison between parties for contract development and negotiation of terms and conditions, as well as drafting and revising changes as needed. Contracts Manager Job Description
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Responsibilities of Contracts Manager
- Liaison with employees at all levels of the organization to analyze and develop a comprehensive contract strategy.
- Creating standardized contract language and guidelines.
- Contracts are being reviewed for compliance with language guidelines.
- Working closely with internal procurement, legal, and human resources teams to ensure contract compliance.
- Contract processes, conditions, and details should be shared and clarified with management, business partners, and employees.
- Identifying potential hazards Contract changes may pose a risk to the company.
- Draft and revise a variety of customer contracts
- Ensure that the organization’s internal contract documents are up-to-date and accurate.
- Meet with clients to discuss legal and business issues.
- Provide contract generation advice and guidance to the various teams.
- Maintain strong client relationships to ensure their needs are met.
- All contracts must be created, prepared, reviewed, and edited.
- Give assistance and advice on new potential business opportunities.
- Identify opportunities to improve business processes and develop plans to put these changes into action.
- Contract and service management in accordance with company policies
- Contract terms and conditions must be prepared and negotiated.
- Contributing to the creation of various contracts
- Customer meetings to discuss business and legal issues
- All contract and contract management materials must be approved.
- Making certain that all contract documentation is up to date
- Ensure contract adherence to company policies and procedures
- Informing internal and external stakeholders about the contract status
- Investigating and dealing with contract issues
- Resolving legal disagreements Contracts Manager Job Description
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Qualifications for Contracts Manager (Contracts Manager job qualifications)
- A bachelor’s degree in business administration, mathematics, accounting, or economics is required, with a master’s degree preferred.
- 2+ years of related experience is required.
- Knowledge of legal requirements pertaining to relevant contracts is required.
- Experience with SAP/ERP is preferred.
Contracts Manager Job Skills
- Display a thorough understanding of legal terminology.
- Work well as a member of a multifaceted team
- Demonstrate a keen eye for detail.
- Superior organizational skills and the ability to manage multiple projects with shifting deadlines are required.
- Strong computer skills and knowledge of common programs such as Microsoft Office and G Suite are required.
- Experience with contract regulations and related laws is strongly preferred.
- Excellent written and oral communication skills are required.
- Capable of handling confidential information professionally
- Demonstrate your ability to solve problems creatively.
Contracts Manager Job Salary
Based on 20 salaries, an entry-level Contracts Manager with less than one year of experience can expect to earn an average total compensation (tips, bonus, and overtime pay) of $68,223 per year. Based on 640 salaries, an early career Contracts Manager with 1-4 years of experience earns an average total compensation of $76,616. Based on 843 salaries, a mid-career Contracts Manager with 5-9 years of experience earns an average total compensation of $86,431 per year. Based on 906 salaries, an experienced Contracts Manager with 10-19 years of experience earns an average total compensation of $95,095 per year. Employees in their late careers (20 years and up) earn an average total compensation of $102,010. Contracts Manager Job Description
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Conclusion
In summary, Contract Managers are in charge of preparing, negotiating, and recording business contracts on their employer’s behalf. Their responsibilities include researching contract terms, notifying parties of contract renewals or extensions, and keeping track of all communications between their employer and various accounts.
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