What is a contract manager's job description?

Question

Zippia Team · Accepted Answer

A contract manager's job description is being responsible for managing and administering contracts and the process by which they are created and agreed upon. A contract manager works to ensure that legal documents move smoothly and quickly from creation, through collaboration and negotiation, to signature.

Job descriptions typical of a contract manager include:

Responds to bids, proposals, and contract negotiations.
Prepares requests for proposals for distribution to vendors.
Develops a set of standard contracts for the company.
Analyzes all requirements and provisions in contracts, including terms and conditions, to ensure compliance with all laws and regulations and company policies and procedures.
Ensures that contracts are executed in accordance with corporate guidelines.
Conducts research prior to writing contracts.
Audits existing contracts and oversees contract modifications.
Analyzes a contract's risk to the business.
Visits client sites and meets with business partners.
Monitors the performance of each signed contract.
Ensures that business goals are accomplished by contract implementation.
Trains and supervises other contract professionals.
Communicates contract implementations to subordinates.
Maintains a computer database for the company's contract management system.
Analyzes new laws, regulations, and contract trends to determine the potential impact on the business.
Coordinates with the finance department to ensure correct billing and collection of contractual revenues.
Ensures that contracts are in line with corporate goals and objectives.
Leads complex contract negotiations and manages all changes in and addendums to existing contracts.
Identifies potential improvements to existing policies.
Prepares reports on the status of management contracts.
Conducts special projects as assigned.
Negotiates and oversees leasing agreements.