Contract Payment Manager

2 weeks ago

Riyadh, Saudi Arabia Domo Ventures W.L.L. Full time

**Our client is seeking a Contract Payment Manager located in Saudi Arabia.**

**Job Title: Contracts and Payments Manager**

**Position Overview**:
**Key Responsibilities**:
**Contract Management**:

- Review and produce contracts, ensuring they meet legal and company standards.
- Negotiate contract terms with vendors, clients, and suppliers.
- Ensure contract terms align with company policies and legal requirements.
- Work closely with the legal and procurement teams to finalize contract details.
- Maintain accurate records of contracts and amendments.

**Payment Process Management**:

- Oversee the payment process, including IPC (Invoice Processing Center), payment logs, and financial approvals.
- Liaise with internal departments to ensure timely processing of invoices and payments.
- Track costs associated with projects, ensuring they align with budgeted figures.
- Process variations and change orders (V.O.s) and ensure they are approved and incorporated into the payment process.
- Provide regular financial reporting on costs, payments, and project status.

**Stakeholder Communication**:

- Serve as the main point of contact for internal departments and external stakeholders regarding contract and payment-related inquiries.
- Collaborate with finance, procurement, and project teams to resolve discrepancies or issues related to contracts and payments.

**Compliance & Documentation**:

- Ensure all contracts and payment processes are compliant with internal policies and regulatory requirements.
- Maintain and update accurate documentation for audit and reference purposes.
- Assist in preparing reports for audits, including contract performance and payment tracking.

**Skills and Qualifications**:

- Bachelor's degree in Business Administration, Finance, Law, or a related field.
- Proven experience (5+ years) in contract management, payments, or finance-related roles.
- Strong understanding of contract law and payment processes.
- Experience in cost tracking, invoicing, and working with financial software/systems.
- Excellent negotiation, communication, and interpersonal skills.
- Detail-oriented with strong organizational and problem-solving abilities.
- Ability to work independently and manage multiple tasks simultaneously.

**Preferred Qualifications**:

- Certification in Contract Management (e.g., NCCM, CPCM).
- Familiarity with project management tools and financial systems.
- Knowledge of industry-specific regulations and best practices.

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