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The Contract Specialist is responsible for the administration and coordination of the contract activities to provide cross-functional coordination of the inputs required to successfully draft and execute a contract for contract services, aftermarket or OEM business. The role will also provide support in the areas of CRM administration, customer and regulatory compliance, internal and external customer reporting and other projects as assigned.
Job Responsibility:
Review, analyze, and assist in drafting contracts, amendments, and other contractual documents
Ensure contracts comply with company policies, legal policies, and business objectives
Coordinate contract approvals and execution processes with internal stakeholders
Coordinate with marketing, sales, operations, safety, tax and legal to ensure proposed contract negotiations, revisions or modifications of terms and conditions are acceptable to the stakeholders and accurately reflected in the contract documents
Coordinate timely processing and drafting of contract services and OEM contract requests
read and review contract requests, proposals and tender terms and conditions to advise Loram stakeholders of both recommendations and a response to those terms and conditions
Provide contract interpretation with an emphasis on interpretation for invoicing
Provide analysis required to support all contract management functions
Prepare and provide all internal and external communications and documentation required for contract services and customer service contracts
Meet with internal Loram stakeholders to ensure understanding of contract details and requirements to ensure compliance to executed contracts
Establish supporting documents to ensure compliance to existing customer contracts
Administer and provide internal support for CRM requirements and activities
Track contract milestones, deliverables, obligations, and renewal deadlines
Generate reports and provide insights related to contract performance, compliance, and obligations
Assist in improving contract management processes, templates, and systems
Identify, develop and maintain all internal and external reports to support the department and Loram customers, including managing the customer portal
Administer the quoting, terms and conditions of prevailing wages/dispensation in Loram contracts
Administer Loram’s contract, customer and regulatory compliance documentation
Administer the annual CPIU contract rate increases and communicate the increases to the customers in a timely manner
Requirements:
Review, analyze, and assist in drafting contracts, amendments, and other contractual documents
Ensure contracts comply with company policies, legal policies, and business objectives
Coordinate contract approvals and execution processes with internal stakeholders
Coordinate with marketing, sales, operations, safety, tax and legal to ensure proposed contract negotiations, revisions or modifications of terms and conditions are acceptable to the stakeholders and accurately reflected in the contract documents
Coordinate timely processing and drafting of contract services and OEM contract requests
read and review contract requests, proposals and tender terms and conditions to advise Loram stakeholders of both recommendations and a response to those terms and conditions
Provide contract interpretation with an emphasis on interpretation for invoicing
Provide analysis required to support all contract management functions
Prepare and provide all internal and external communications and documentation required for contract services and customer service contracts
Meet with internal Loram stakeholders to ensure understanding of contract details and requirements to ensure compliance to executed contracts
Establish supporting documents to ensure compliance to existing customer contracts
Administer and provide internal support for CRM requirements and activities
Track contract milestones, deliverables, obligations, and renewal deadlines
Generate reports and provide insights related to contract performance, compliance, and obligations
Assist in improving contract management processes, templates, and systems
Identify, develop and maintain all internal and external reports to support the department and Loram customers, including managing the customer portal
Administer the quoting, terms and conditions of prevailing wages/dispensation in Loram contracts
Administer Loram’s contract, customer and regulatory compliance documentation
Administer the annual CPIU contract rate increases and communicate the increases to the customers in a timely manner