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Contract Manager
1 week ago
May 2024
Experience:05 years
Education:Graduation (Business or Finance)
Job type:Full time
Location:Al Khobar Saudi Arabia
Responsibilities and skills:- Understand the contract terms conditions and responsibilities of the parties involved.
- Understand the scope of the work work deliverables & payment terms and other implications (like manpower requirements bank guarantees retentions VAT tax visa localization & others) of the contract.
- Evaluate contract terms and conditions to identify potential risks and propose mitigation strategies to protect the organizations interests.
- Collaborate with internal teams and external stakeholders to negotiate favorable terms ensuring that contracts are mutually beneficial.
- Review & follow up with respective teams to mobilize manpower & kick start the new projects as per the contract terms.
- Monitor and track contract performance including deadlines deliverables and obligations and facilitate necessary changes or amendments wherever required.
- Understand the complete work approval & Invoicing process.
- Review the status of completion of work for each project based on its scope (monthly progress number of tags specified activities/areas etc.).
- Review the status of invoicing regularly to make sure on time submission of invoices to clients.
- Monitor invoicing for each project as per the plans set by the management and review & identify the gaps to take necessary steps to resolve the issues by taking required support from other teams.
- Follow up with clients to get the payments against the invoices submitted to meet the cash flow requirements.
- Maintain accurate records of all contracts correspondence and negotiations. Safe custody of original contracts PO and other documents.
- Regular reporting to the management on the below:
- Status of all ongoing projects
- Status of productivity as per the project plans and variance reports
- Status of work completed and invoicing
- Pending invoicing details with reasons and planned actions to resolve the issues
- Proactive steps to avoid reoccurrence of the past issues
- Receivables status with reasons in the delay of the receipts
- Other reports as per management instructions
- Strong understanding of contract law legal terminology and industryspecific regulations.
- Excellent organizational and timemanagement abilities
- Excellent negotiation and communication skills both written and verbal
- Problem solving ability
- Accuracy Flexibility & Reliability
- Independent thinking and decisionmaking ability
- Bachelors degree in business marketing finance law or a related field.
- 5 years of relevant experience.
- Must agree to serve a minimum of 2 years with the company.
- Strong analytical and problemsolving skills.
- The candidate should be a graduate having a minimum 5 years experience proficient in both written and verbal communication.
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