Job Description
Job Summary
- The Procurement Contract Officer plays a crucial role in overseeing and managing the end-to-end contract lifecycle for the procurement unit.
- This position involves developing, administering contracts, ensuring compliance with legal and organizational standards, and fostering strong relationships with suppliers.
- The goal is to optimize contractual terms, mitigate risks, and contribute to the overall success of procurement initiatives.
Key Accountabilities / Responsibilities
- Develop, review, and negotiate contracts, ensuring they align with organizational goals and comply with legal and regulatory requirements.
- Oversee the entire contract lifecycle, from initiation to closeout, including drafting, execution, amendments, and termination.
- Collaborate with internal stakeholders and legal teams to negotiate favorable terms and conditions with suppliers.
- Ensure that contracts reflect the best interests of the organization in terms of cost, quality, and risk management.
- Monitor and enforce compliance with contractual terms, conditions, and performance metrics.
- Identify and mitigate contractual risks, providing recommendations for risk reduction strategies.
- Stay informed about relevant laws and regulations affecting contracts and procurement activities.
- Build and maintain strong relationships with suppliers to facilitate effective contract administration.
- Address and resolve contractual issues, disputes, and performance discrepancies in collaboration with key stakeholders.
- Implement and enhance contract management processes and procedures to drive efficiency and effectiveness.
- Conduct periodic reviews of existing contracts to identify opportunities for optimization and cost savings.
Qualifications and Experience
- Bachelor's Degree in Business, Legal Studies, or a related field
- Proven experience in contract management, procurement, or a related field.
- Understanding of contract law, negotiations, and risk management.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent communication and interpersonal skills, with the ability to collaborate across various departments