Contracts and Commercials Manager Job Description Template
As a Contracts and Commercials Manager, you will oversee the drafting, review, negotiation, and management of contracts to support the company's commercial activities. You will work closely with various departments to ensure compliance with legal standards and company policies. This role demands a strong commercial acumen and excellent negotiation skills to secure favorable terms that align with the company's strategic goals.
Responsibilities
- Draft, review, and negotiate contracts and agreements.
- Ensure all contracts comply with relevant legal standards and company policies.
- Collaborate with internal departments to understand their contractual needs.
- Identify and mitigate potential risks in contractual agreements.
- Manage and maintain a centralized repository of all contractual documentation.
- Provide training and guidance on contract management to internal stakeholders.
- Oversee commercial activities to ensure profitability and risk management.
- Support business development efforts through strategic contract negotiations.
Qualifications
- Bachelor’s degree in Law, Business, or a related field.
- Minimum of 5 years of experience in contract management or procurement.
- Proven track record of successful contract negotiations.
- Strong understanding of legal principles and contracting standards.
- Excellent verbal and written communication skills.
- Detail-oriented with strong organizational skills.
- Ability to work independently and collaboratively in a fast-paced environment.
Skills
- Contract Negotiation
- Risk Management
- Legal Compliance
- Strategic Planning
- Stakeholder Management
- Commercial Acumen
- Document Management Systems
- Microsoft Office Suite
- Analytical Skills
Frequently Asked Questions
A Contracts and Commercials Manager is responsible for overseeing contract negotiations, ensuring compliance with regulations, and managing relationships with suppliers and clients. They analyze contract performance, assess risks, and implement strategies to improve outcomes. Their role involves financial oversight, monitoring budgets, and ensuring project profitability.
To become a Contracts and Commercials Manager, individuals typically require a bachelor's degree in business, law, or a related field. Gaining experience in contract management, spending time in roles like contract analyst, and attending professional certifications in contract management can enhance prospects. Strategic thinking and negotiation skills are essential.
The average salary for a Contracts and Commercials Manager varies based on experience, industry, and location. Typically, this role offers competitive compensation, often supplemented by bonuses. As this position is crucial in commercial success, salaries can be generous in sectors such as construction, technology, and pharmaceuticals.
Qualified Contracts and Commercials Managers often hold a degree in business administration, law, or a related discipline. Many possess certifications in contract management or have completed courses in commercial law. Strong analytical skills, attention to detail, and comprehensive understanding of contract law are essential for success in this role.
A Contracts and Commercials Manager needs excellent negotiation skills, a strong understanding of legal and financial principles, and the ability to analyze complex contracts. Responsibilities include drafting contract documents, managing commercial risks, developing strategies to optimize financial performance, and ensuring compliance with regulatory standards.