Contracts Manager

Draft, oversee, and manage the contracts of an organisation to ensure legal compliance and fairness of terms.
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What's it like to be a Contracts Manager?

Contracts Managers draft, review, and negotiate contracts within an organisation, ensuring that these agreements align with legal requirements, mitigate risks, and uphold the organisation's objectives. They are in charge of overseeing agreements with external parties, such as vendors, clients, and partners. They ensure that contract terms are clear, comprehensive, and reflect the interests of the organisation while minimising potential legal issues.

Tasks and duties

  • Reviewing, drafting, and negotiating contracts to ensure clarity and alignment with organisational objectives.
  • Identifying and assessing risks associated with contractual agreements and mitigating them through strategic clauses.
  • Ensuring compliance with relevant laws, regulations, and industry standards.
  • Negotiating terms and conditions with external parties to achieve mutually beneficial terms.
  • Facilitating the execution of contracts and monitoring ongoing compliance with contractual obligations.
  • Maintaining accurate records and documentation of all contracts, correspondence, and related materials.
  • Collaborating with internal departments to communicate contract terms, ensuring consistent understanding.
  • Managing and resolving disputes that may arise during contract execution through negotiation and mediation.
  • Providing guidance to internal teams on contract-related matters, offering expertise and solutions.
  • Staying updated on legal and industry developments that could impact contract management strategies.
  • Developing and implementing contract management policies and best practices.
  • Providing training to internal stakeholders on contract management principles and practices.
  • Collaborating with legal counsel to address complex legal issues and ensure legal enforceability.
  • Managing contract modifications, amendments, extensions, and terminations as needed.

A Contracts Manager may also work closely with an organisation’s legal counsel to seek advice on complex legal matters. Their job is to reach mutually beneficial terms with other parties and ensure that both fulfil their obligations as stated in the contractual agreements. They document these agreements for ease and also work with the organisation’s legal teams to address and resolve any disputes that may arise.

How to become a Contracts Manager

To become a Contracts Manager, you must have a degree in a related field, such as business, law, finance, or business administration.

  1. Graduate with a bachelor degree in a related field such as business law, finance, or business administration. Alternatively, a diploma in paralegal studies or a degree in law (LLB) can be beneficial in equipping you with legal fundamentals for this role.

  2. Gain at least 3 to 5 years of experience working with contract law and other related principles to qualify you for a more senior position.

  3. Learn other related skills that could give you an advantage, such as negotiation.

Compare your salary

Find out how your salary compares with the average salary for Contracts Managers.
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Latest Contracts Manager jobs on JobStreet

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Skills and experience employers are looking for

Having the right skills and experience can make you an in-demand applicant. Contracts Manager employers on JobStreet are looking for job seekers with expertise in the following areas.
International Law
Contract Negotiation
Contract Law
Solutions Focused
Financial Technology
Construction Law
Contract Administration
Civil Engineering
Written English
Private Sector
Preparing Tenders
Process Driven
Multitasking
Facilities Management
Organised
Ability to Work At A Fast Pace
Communication Skills
Learning Aptitude
Thoroughness
Resilience
Source: JobStreet job ads and JobStreet Profile data
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