Contract Specialist

Contract Specialist

Contract Specialist

The Contract Specialist is an integral part of the ND Sourcing team. The Contract Specialist has front line responsibility for negotiating the legal terms and conditions of our procurement contracts. The successful Contract Specialist will quickly develop and gain deep commercial understanding of the materials sourced in order to support the team in closing the deal, while protecting our business from undue legal risk.

Job Responsibilities:

  • Draft, review, and negotiate of contractual agreements with vendors, working under tight deadlines
  • Handle 30+ contract negotiations and projects at any given point in time
  • Work in close partnership with Sourcing, Legal, Finance and Accounting
  • Monitor vendor compliance to contractual obligations and evaluate vendor performance to determine necessary amendments/extensions to the contracts
  • Maintain database of all existing contracts and new contracts included but not limited to contract expiry, value, renewal terms, and warranty in Excel
  • Provide bi-weekly updates to the Sourcing team on the status of the contracts and where they are in the contracting stage

Experience Required:

  • Minimum 3-5 years of relevant contract drafting experience required with advanced knowledge of contract language and style, preferably within the industrial space
  • Ability to negotiate both in person and through written communication with vendors
  • Excellent interpersonal communication skills
  • Proficiency in Microsoft Office Suite, especially Excel
  • Bachelor’s Degree in business, economics, purchasing law, finance, accounting, or related fields

We’d Love to See:

  • Familiarity with financial concepts
  • Solution-based mindset
  • Independent and strategic thinker who is service-oriented, forward thinking, and eager to learn
  • A great teammate who invites and is receptive to feedback
  • Someone who enjoys an innovative, challenging, and ever changing environment
Job Category: Purchasing
Job Type: Full Time
Job Location: Illinois Oakbrook Terrace

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