Description

Contracts managers can work in a variety of industries, including non-profit and government agencies. They act as the liaisons between companies and clients for contractual matters. Contracts managers can draft, evaluate and execute any type of contract that is negotiated between the business and client, such as short term, formal or annual contracts. They often work with the legal and or or finance department to monitor adherence and potential risks to the business or client.Contract managers are also expected to keep up to date with ongoing marketing efforts that the competition may be utilizing, and ensuring that their businesses' clients are satisfied with their current contracts and that those contracts are up to date. Contracts managers must also maintain the contractual documentation and records, customer correspondence, status reports and other relevant documents pertaining to the project to which they are assigned.Overall, contracts managers should treat each client personally. Each client or vendor will have different terms and parameters of which contracts managers should be aware. From the time of negotiation, to the signing of documents and implementation of the contract, they will be responsible for the paperwork and having it signed and delivered to all parties. Afterwards, they are the point of contact for administration and issues until the contract concludes.

Roles & Responsibilities

As a Contracts Manager with 0-3 years of experience in the AE, your main responsibilities include:

  • Drafting and reviewing contracts, ensuring compliance with legal and company requirements.
  • Assisting in contract negotiations and maintaining effective communication with clients and stakeholders.
  • Managing contract documentation and maintaining an organized contract database.
  • Monitoring contract performance, identifying deviations, and initiating appropriate corrective actions.

Qualifications & Work Experience

The Contracts Manager will be accountable of overseeing and managing the contractual arrangements between a company and its customers vendors, suppliers, and customers. They negotiate the contract's terms and conditions and ensuring that they are in the compliance of legal requirements and keeping precise documents related to contracts. Contracts Managers are also responsible for ensuring compliance with legal requirements. Contracts Manager also collaborates with different teams within the company to evaluate the performance of contracts and resolve disputes. They also oversee changes to contractual agreements. This job requires excellent negotiation and communication skills and a keen eye for particulars and the ability to examine complicated legal documents.

Essential Skills For Contracts Manager

1

Contract Drafting

2

Negotiation

3

Project Management

4

Microsoft Excel

Career Prospects

The role of a Contracts Manager is essential in ensuring efficient contract management and compliance. For professionals with 0-3 years of experience in architecture and engineering, here are four alternative roles to consider:

  • Junior Legal Counsel: A position that involves providing legal advice, reviewing contracts, and ensuring compliance with laws and regulations.
  • Project Coordinator: A role focused on coordinating and managing project activities, including contract administration, budgeting, and scheduling.
  • Contract Administrator: A position that involves managing and monitoring contracts, ensuring compliance, and resolving any contract-related issues.
  • Compliance Officer: A role focused on ensuring adherence to legal and regulatory requirements, conducting audits, and implementing compliance programs.

How to Learn

The role of Contracts Manager in United Arab Emirates is expected to witness significant growth in the market. Over the past 10 years, the demand for this job has been consistently increasing, with a positive trajectory. The job growth rate is projected to continue rising in the coming years. According to Google data, the number of employment opportunities for Contracts Managers is anticipated to grow substantially in the future.