Contract Manager

3 weeks ago

Al Khobar, Saudi Arabia Precision Hire Solution Full time

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
Requirements:
  • 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.
Preferred qualifications:
  • The candidate should be a graduate having a minimum 5 years experience proficient in both written and verbal communication.
This job has been sourced from an external job board.
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