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Contracts managers handle the contracting process for procurement, sales, and non-sales engagements between the parties. The managers have to meticulously review the contracts, rectify any clauses, negotiate, and manage them as directed by the head of legal contracts. They also determine the priority of different contracts to optimise the process’ key performance indicators.
Most employers ask for contracts management, transactional paralegal, or relevant experience for contracts manager jobs. You need to have a bachelor’s or equivalent degree in business development or a related field to be eligible for applying to the position. Excellent communication skills, both written and verbal are a must-have for the role.
The average per annum income for contracts manager vacancies varies depending on the factors like the employer, job responsibilities, and experience required for a particular position. Overall, the legal contracts managers are offered competitive salary packages with benefits like a pension scheme, life insurance, medical cover, employment assistance programme, home working environment allowance, and more.
Project managers coordinate with cross-functional teams to manage different tasks for the successful completion of projects. Contracts managers handle a company’s contracts, they make sure that the process of contracting is efficient and all the deadlines and obligations are taken care of. Looking for contracts manager jobs in the UK? Explore the latest listings on Simply Law Jobs!
If you have an interest in contract management, you will like the work and can benefit from the training and development opportunities for career progression. The position can be more monetarily rewarding and promising once you know the drill and work hard to improve your skill-set for giving the job your best.
Contracts managers review, draft and negotiate service, sales, and other commercial contracts including the non-disclosure agreements. They provide contracting advice and review the existing contracts to suggest improvements and changes. They have to communicate with the principal business owners about the contracting process management. They coordinate with the business development and other teams for determining and implementing the priority of different contracts and provide them feedback to ensure all the steps are completed before a contract is ready for signing between the parties. Providing end-to-end contract management for all kinds of customer, fleet, and service agreements is in the contracts manager job description.
The day-to-day responsibilities of contracts managers include handling the execution of contracts following the proper process ensuring the parties agree to the clauses. They also make certain that the different teams involved in preparing the contracts are performing in an efficient manner by offering them support and advice. Improving automation of legal operations tasks is also their responsibility. They can be asked to coordinate with the head of procurement and sales for reporting and optimising the contract process’ key performance indicators. They track the status of every contract and offer feedback and assistance to get them completed on time. They have to keep the stakeholders updated about contracts.
Strong analytical and computer skills are essential for the job as it involves reviewing and drafting the contracts. Effective communication skills both written and verbal are required for the role to efficiently write the contracts and coordinate with different teams and stakeholders. Time management skills will help with meeting deadlines and keeping a track of the status of various tasks. Critical thinking will aid with doing the work astutely, especially proposing solutions to a problematic clause in an agreement. Attention to detail will improve the accuracy of the contract management process. Search for all sorts of vacancies in the UK’s law industry through Simply Law Jobs!