A Contract Coordinator works with the Contracts Manager to direct the company's contract lifecycle, ensuring compliance and maintaining records, focusing on minimizing risk and meeting business goals for sales, purchases, and partnerships, requiring strong communication, negotiation, analytical, and organizational skills, often with a business degree. They work with various teams, analyze risks, explain contract details, and monitor adherence to legal requirements and company policies.
Key Responsibilities
- Drafting: Prepare contracts (sales, purchase, service) for clarity, accuracy, and legal compliance.
- Monitoring: Track deadlines, deliverables, and renewals.
- Record Keeping: Maintain organized and updated contract records.
- Stakeholder Communication: Explain contract terms to managers and other interested parties.
- Risk Management: Analyze potential risks and ensure contracts align with business objectives.
- Compliance: Ensure all contracts adhere to relevant laws, regulations, and company policies.
Daily Activities
- Receive requests for contract drafting from different departments (sales, legal, IT).
- Prepare contract drafts using standard templates.
- Liase with external organizations and internal teams.
- Manage contract workflows and ensure smooth execution.