Contract Specialist

We are seeking a meticulous and detail-oriented Contract Specialist to join our team. The ideal candidate will be responsible for reviewing and comparing contract language with internal requirements, ensuring compliance across various aspects such as insurance, duties of both client and company, payment terms, and other critical contract elements. This role requires strong analytical skills, attention to detail, and a comprehensive understanding of contract law.

• Contract Review - analyze and review contract language against internal policies and requirements in addition to identifying discrepancies or conflicts between contract terms and organizational standards.
• Compliance Monitoring - Ensure that contract language adheres to internal and regulatory standards, particularly concerning insurance requirements and legal obligations. Monitor compliance with all contractual obligations and internal policies.
• Collaboration - Work closely with legal, finance, and operational teams to align contract terms with business goals. Communicate effectively with stakeholders to clarify responsibilities and obligations defined in contracts.
• Documentation and Reporting - Maintain accurate records of contract reviews and modifications. Prepare reports summarizing findings, discrepancies, and suggestions for contract improvements.
• Payment Terms Examination - Review and validate payment terms to ensure they meet internal financial policies and project requirements. Collaborate with finance to ensure timely payments and adherence to contract terms.
• Client and Company Duties Analysis - Analyze duties and obligations set forth by both the client and the company in contracts. Provide recommendations for improving contract language to protect the organization’s interests.
• Training and Guidance - Offer training and guidance to internal teams regarding contract compliance and interpretation. Develop standard operating procedures related to contract administration processes.

• Bachelor’s degree in Business Administration, Law, or a related field.
• Proven experience as a Contract Specialist or in a similar role.
• Strong understanding of contract law and compliance standards.
• Excellent analytical skills and attention to detail.
• Exceptional communication and interpersonal skills.
• Proficient in contract management software and Microsoft Office Suite.

• Familiarity with insurance requirements and risk management principles.
• Ability to work independently and manage multiple tasks effectively.
• Strong problem-solving skills and the ability to propose solutions to contractual issues.