What is a Contract Manager doing? Job description and responsibilities

What does a Contract Manager do?

The Contract Manager is responsible for overseeing and managing all aspects of contract negotiations and agreements. This includes reviewing, drafting, and negotiating contracts, as well as ensuring compliance with legal and regulatory requirements. Reporting to the Director of Legal Affairs, the Contract Manager plays a crucial role in mitigating risks and maximizing opportunities for the company.

Responsibilities of Contract Manager

• Drafting, reviewing, and negotiating contracts and agreements with clients, vendors, and suppliers.
• Ensuring compliance with legal and regulatory requirements in all contracts and agreements.
• Managing the contract lifecycle, including contract initiation, execution, and termination.
• Identifying and mitigating potential risks and liabilities associated with contracts.
• Collaborating with internal stakeholders, such as sales, finance, and legal teams, to ensure contract terms align with business objectives.
• Conducting contract performance evaluations and monitoring adherence to contractual obligations.
• Resolving contract disputes and negotiating contract amendments or modifications.
• Maintaining accurate and up-to-date contract records and documentation.
• Developing and implementing contract management processes and procedures to improve efficiency and effectiveness.
• Keeping abreast of industry trends and best practices in contract management.