Contract Renewal Specialist
Contract Renewal Specialist
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Job Description
We are seeking a detailoriented Contract Renewal Specialist role to oversee and manage the renewal process of IT SaaS contracts. This role involves coordinating internally and externally with stakeholders to ensure seamless contract renewals mitigating risks and optimizing processes. Ideal candidates may come from a Project Coordinator/Project Manager or Procurement Specialist/Coordinator background.
Key Responsibilities
Contract Management:
- Review and analyze existing contracts to identify renewal timelines and critical terms.
- Maintain and update a comprehensive contract database for tracking deadlines statuses and changes.
Renewal Process Execution:
- Collaborate with internal teams and stakeholders to define renewal terms and necessary adjustments.
- Draft review and negotiate renewal documents ensuring alignment with organizational policies and objectives.
- Coordinate with legal and compliance teams to address changes risks and legal implications.
Stakeholder Communication:
- Act as the main point of contact for clients or vendors on contract renewal inquiries.
- Communicate renewal terms deadlines and next steps promptly and effectively.
Reporting & Documentation:
- Generate detailed reports on contract statuses renewal rates and identified risks for management review.
- Maintain organized records of renewal agreements and related documentation.
Process Improvement:
- Identify inefficiencies in the contract renewal workflow and propose actionable solutions to optimize operations.
Qualifications & Skills
- Familiarity with IT SaaS products services and vendor management.
- Strong negotiation and stakeholder management skills.
- Excellent organizational and timemanagement abilities.
- Proficiency in using contract management software and tools.
- Solid understanding of legal terms and compliance considerations in contracts.
- Exceptional communication skills both written and verbal.
Preferred Qualifications
- Experience in project coordination or procurement in a SaaS/IT environment.
- Knowledge of risk management and process optimization techniques.
Specifically this person will focus on coordinating internally and externally extensions of IT SaaS contracts . This can be PC/PM position or Procurment specialist/coordinator etc. Location: Sydney timezone (Australia or India etc)
- ontract Management:
- Review existing contracts to identify renewal timelines and critical terms.
- Maintain and update a contract database to track deadlines and statuses.
- Renewal Process Execution:
- Coordinate with internal teams and stakeholders to determine renewal terms and adjustments.
- Draft and negotiate contract renewal documents ensuring alignment with company policies and objectives.
- Collaborate with legal and compliance teams to address changes in terms risks or legal implications.
- Stakeholder Communication:
- Serve as the primary point of contact for clients or vendors regarding contract renewal queries.
- Ensure timely communication of renewal terms and next steps.
- Reporting & Documentation:
- Generate and present reports on contract statuses renewal rates and risks.
- Ensure proper filing and documentation of renewal agreements.
- Process Improvement:
- Identify inefficiencies in the contract renewal process and propose solutions for optimization.
Employment Type
Full Time
