Contracts Specialist
Legal

Contracts Specialist

Looking to hire your next Contracts Specialist? Here’s a full job description template to use as a guide.

86000
yearly U.S. wage
34400
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is a staffing agency that leverages the geographical advantage of Latin America to benefit US businesses. We connect companies with professionals who work in time zones closely aligned with or identical to US hours, ensuring seamless communication and collaboration. This synchronicity allows for real-time interaction, enhancing productivity and eliminating the delays often associated with offshore staffing.

Description

A Contracts Specialist plays a crucial role in managing and overseeing the entire lifecycle of contracts within an organization. This professional is responsible for drafting, reviewing, negotiating, and finalizing contracts to ensure they comply with legal standards and meet the company's objectives. They work closely with various departments, including legal, procurement, and finance, to identify risks, clarify terms, and facilitate smooth contract execution. By ensuring all contractual obligations are clearly defined and adhered to, Contracts Specialists help mitigate risks and enhance the overall efficiency and effectiveness of business operations.

Requirements

- Bachelor’s degree in Law, Business Administration, or a related field.
- Proven experience as a Contracts Specialist or in a similar role.
- In-depth knowledge of contract law and legal terminology.
- Strong negotiation and analytical skills.
- Excellent written and verbal communication skills.
- Proficiency in contract management software and Microsoft Office Suite.
- High attention to detail and accuracy.
- Ability to manage multiple tasks and meet tight deadlines.
- Strong organizational and time management skills.
- Understanding of risk management and mitigation strategies.
- Familiarity with industry trends and legal developments in contract management.
- Ability to work independently and collaboratively within a team.
- Experience coordinating with external legal counsel.
- Certified Professional Contract Manager (CPCM) or equivalent certification is a plus.

Responsabilities

- Draft, review, and negotiate contracts, agreements, and other legal documents.
- Collaborate with internal departments to ensure contract compliance and risk mitigation.
- Analyze and interpret contract terms and conditions.
- Ensure contracts comply with applicable laws, regulations, and company policies.
- Maintain organized records and databases of contracts and related documentation.
- Monitor contract performance and adherence to terms.
- Prepare and present reports on contract status, deadlines, and compliance metrics.
- Conduct risk assessments and recommend actions to mitigate potential issues.
- Facilitate resolution of contract disputes and issues.
- Assist in the development and implementation of contract management processes.
- Train and educate staff on contract-related policies and procedures.
- Stay updated on industry trends, legal developments, and best practices in contract management.
- Coordinate with external legal counsel on complex contract matters.
- Provide support during internal and external audits related to contract management.

Ideal Candidate

The ideal candidate for the Contracts Specialist role will possess a Bachelor's degree in Law, Business Administration, or a closely related field, coupled with proven experience in contract drafting, review, negotiation, and management. They will have a profound understanding of contract law and legal terminology, complemented by strong negotiation, analytical, and communication skills. Mastery in contract management software and Microsoft Office Suite is essential, reflecting high attention to detail and accuracy. This individual will demonstrate exceptional organizational and time management abilities while adeptly managing multiple tasks to meet tight deadlines. A proactive and self-motivated attitude, combined with the ability to handle high-pressure situations with professionalism, ensures resilience and adaptability in a dynamic work environment. The candidate will exhibit strong decision-making skills, a team-oriented mindset, and a collaborative approach, working effectively within a team and independently. Their understanding of risk management and mitigation strategies will be robust, and they will stay well-informed of industry trends and legal developments, fostering a commitment to continuous learning and improvement. Certification as a Certified Professional Contract Manager (CPCM) or an equivalent certification will be considered a plus, further distinguishing them in a highly competitive field.

On a typical day, you will...

- Draft, review, and negotiate contracts, agreements, and other legal documents.
- Collaborate with internal departments such as sales, procurement, legal, and finance to ensure contract compliance and risk mitigation.
- Analyze and interpret contract terms and conditions, providing advice and guidance to stakeholders.
- Ensure that all contracts comply with applicable laws, regulations, and company policies.
- Maintain organized records and databases of all contracts and related documentation.
- Monitor contract performance and adherence to agreed-upon terms, identifying areas for improvement or concern.
- Prepare and present reports on contract status, deadlines, and compliance metrics to management.
- Conduct risk assessments and recommend appropriate actions to mitigate potential issues.
- Facilitate resolution of contract disputes and issues with internal and external parties.
- Assist in the development and implementation of contract management processes and best practices.
- Train and educate staff on contract-related policies and procedures.
- Stay updated on industry trends, legal developments, and best practices related to contract management.
- Coordinate with external legal counsel on complex contract matters when necessary.
- Provide support during internal and external audits related to contract management.

What we are looking for

- Strong attention to detail
- Exceptional analytical and problem-solving skills
- Excellent communication and negotiation abilities
- High level of integrity and ethical standards
- Proactive and self-motivated attitude
- Strong organizational and time management skills
- Ability to handle high-pressure situations professionally
- Adaptability and flexibility in a dynamic work environment
- Team-oriented mindset with a collaborative approach
- Ability to manage multiple priorities effectively
- Strong decision-making skills
- Technologically adept, with the ability to quickly learn new software
- Strong understanding of risk management practices
- Keen understanding of industry trends and legal changes
- Disciplined and focused on continuous learning and improvement

What you can expect (benefits)

- Competitive salary range
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company match
- Paid time off (PTO) including holidays, vacation, and sick days
- Flexible work schedules and remote work options
- Professional development and continuous learning opportunities
- Tuition reimbursement for further education
- Employee assistance programs for personal and work-related support
- Wellness programs and gym membership discounts
- Life and disability insurance
- Employee recognition and reward programs
- Opportunities for career advancement and growth within the company
- Collaborative and inclusive work environment

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