Contract Manager - Hofincons Group FZC

Experience:

05 years

Education:

Graduation (Business or Finance)

Job type:

Full time

Location:

Al Khobar Saudi Arabia

Responsibilities and skills:

• Understand the contract terms conditions and responsibilities of the parties involved.
• Understand the scope of the work work deliverables & payment terms and other implications (like manpower requirements bank guarantees retentions VAT tax visa localization & others) of the contract.
• Evaluate contract terms and conditions to identify potential risks and propose mitigation strategies to protect the organizations interests.
• Collaborate with internal teams and external stakeholders to negotiate favorable terms ensuring that contracts are mutually beneficial.
• Review & follow up with respective teams to mobilize manpower & kick start the new projects as per the contract terms.
• Monitor and track contract performance including deadlines deliverables and obligations and facilitate necessary changes or amendments wherever required.
• Understand the complete work approval & Invoicing process.
• Review the status of completion of work for each project based on its scope (monthly progress number of tags specified activities/areas etc.).
• Review the status of invoicing regularly to make sure on time submission of invoices to clients.
• Monitor invoicing for each project as per the plans set by the management and review & identify the gaps to take necessary steps to resolve the issues by taking required support from other teams.
• Follow up with clients to get the payments against the invoices submitted to meet the cash flow requirements.
• Maintain accurate records of all contracts correspondence and negotiations. Safe custody of original contracts PO and other documents.

• Regular reporting to the management on the below:
• Status of all ongoing projects
• Status of productivity as per the project plans and variance reports
• Status of work completed and invoicing
• Pending invoicing details with reasons and planned actions to resolve the issues
• Proactive steps to avoid reoccurrence of the past issues
• Receivables status with reasons in the delay of the receipts
• Other reports as per management instructions

• Strong understanding of contract law legal terminology and industryspecific regulations.
• Excellent organizational and timemanagement abilities
• Excellent negotiation and communication skills both written and verbal
• Problem solving ability
• Accuracy Flexibility & Reliability
• Independent thinking and decisionmaking ability

Requirements:

• Bachelors degree in business marketing finance law or a related field.
• 5 years of relevant experience.
• Must agree to serve a minimum of 2 years with the company.
• Strong analytical and problemsolving skills.

Preferred qualifications:

• The candidate should be a graduate having a minimum 5 years experience proficient in both written and verbal communication.