What are the responsibilities and job description for the Contract Administrator position at ACE USA?
A Contract Administrator is responsible for managing and overseeing the contractual agreements between an organization and its clients, vendors, or partners. Their duties include reviewing, drafting, and negotiating contracts, ensuring compliance with legal and regulatory requirements, and monitoring contract performance. Contract Administrators also maintain accurate records, facilitate communication between stakeholders, and address any issues or disputes that arise during the contract lifecycle. Strong attention to detail, negotiation skills, and knowledge of contract law are essential for success in this role, as Contract Administrators play a key role in protecting the organization's interests and ensuring successful contractual relationships.
Duties / Responsibilities :
- Prepare, draft, and negotiate contracts, ensuring all terms and conditions are clear, compliant, and aligned with company policies and legal requirements.
- Review contracts for accuracy, completeness, and compliance with regulatory requirements and internal policies, making necessary amendments as needed.
- Maintain a comprehensive contract database, ensuring all contracts are accurately tracked, updated, and accessible for review.
- Monitor contract performance to ensure all parties fulfill their obligations and address any compliance issues that arise during the contract lifecycle.
- Identify potential risks associated with contract terms and conditions and work with stakeholders to mitigate those risks.
- Serve as the primary point of contact for internal stakeholders and external partners regarding contract-related inquiries and issues.
- Manage the renewal process for expiring contracts and coordinate termination procedures when necessary, ensuring all legal requirements are met.
- Prepare reports on contract performance, compliance issues, and potential improvements, and present findings to management and relevant stakeholders.
- Work closely with legal and finance departments to ensure contracts are legally sound, financially viable, and aligned with business objectives.
- Provide training and support to team members on contract management processes and best practices, ensuring all staff understand their responsibilities regarding contracts.
Skills / Requirements / Qualifications
Education and Experience :
Physical Requirements :
Travel Requirements :
AAP / EEO Statement
EOE / AA - M / F / Vet / Disability
Compensation : DOE $70,080.00-$88,250.00 Annually
Location : This is not a remote position. This is an in person, in office job.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Salary : $70,080 - $88,250