Contract Management Specialist

4 weeks ago

High Wycombe, Buckinghamshire, United Kingdom Michael Page Legal Full time

Our client is looking for an experienced Contract Management Specialist, with a focus on the life science industry, to join the legal department of a respected entity. This role will involve a blend of contract law, negotiation and project management.

Client Details

Our client is a globally recognised company in the life science industry, boasting an employee base of over 10,000 dedicated professionals. Our client is located in High Wycombe and is renowned for its commitment to innovation and quality.

Description

  • Build a deep understanding of the critical contracts the UK Operating Company holds.
  • Internal stakeholders: support the internal business owner on how to deliver effective contract management through the life cycle of the contracting activity: identification of business need; creation of the commercial and contracting model; management of obligations through the term; termination, exit or extension. Build strong and effective relationships, acting as a trusted advisor to the business and influencing effectively to ensure that the importance of Contract Management is well understood and well developed as a competency in the organisation.
  • Managing suppliers: work with the Procurement organisation to ensure the end-to-end process from identification of a business need; to selection of a supplier; to the delivery of contract obligations; to termination, exit or extension of a contract; is well managed. Build strong relationships with critical suppliers, effectively managing the performance of contracts and ensuring the delivery of value throughout the supplier relationship life cycle.
  • Run supplier performance reviews with critical suppliers, using a structured approach to preparation and ensuring reviews are efficient and effective in supporting the delivery of business value.
  • Support business stakeholders in interpreting and understanding contracts and ensuring that all obligations set out in critical contracts are met.
  • Run a monthly reporting and data collation process to evaluate stakeholder views of the most critical suppliers, creating reports for senior leadership which are insightful and deliver impact.
  • Ensure contracts are executed in a compliant and effective way, ensuring compliance with regulatory requirements and ensuring accurate risk management and mitigation strategies are implemented where appropriate.
  • Work closely with internal customers, such as legal, finance, and procurement teams, to ensure seamless contract execution and compliance.
  • Monitor contractual performance, including deliverable, milestones, and service levels, and provide timely status updates to relevant partners.
  • Identify any supplier performance issues and work with internal and external stakeholders to mitigate risks and deliver improvement plans as required.
  • Monitor and evaluate supplier performance against agreed metrics and key performance indicators.
  • Identify areas of improvement and potential risks for Contract Management and champion a culture of continuous improvement and knowledge sharing by creating a community of best practice in Contract Management within the organisation.
  • Help to build a Centre of Excellence in Contract Management, supporting the creation of training programmes in Contract Management in order to develop and embed best practices across the organisation.

Profile

A successful Contract Management Specialist should have:

  • Bachelor's degree or equivalent experience/qualification.
  • Minimum 5 Years relevant experience as a Supplier Contract Manager or Specialist, preferably although not necessarily in the health care industry.
  • A proven track record in effective contract and supplier management, with a track record of delivering improved business outcomes.
  • Strong level of commercial acumen, including contract negotiation, numerical and financial awareness, management, and compliance.
  • Significant experience of managing commercial contracts, including the development and implementation of Contract Management tools, templates and techniques designed to improve business capability in Contract Management.
  • Ability to independently manage a portfolio of contracts throughout the contract life cycle, in close collaboration with Procurement and Legal teams.
  • Solid understanding of contract law and an understanding of and familiarity with application of the ABPI Code of Practice for the Pharmaceutical industry.
  • A self-starter with excellent negotiation, communication, influencing and stakeholder management skills and the ability to articulate complex issues in simple, compelling ways.
  • Proven ability to prioritise a demanding workload based on business needs, and attention to detail with a focus on accuracy and quality.
  • Able to work effectively with people at all levels of business internally and externally.

Job Offer

  • A competitive salary ranging from £60,000 to £70,000 per annum.
  • 12% Bonus
  • 6-13% pension contribution
  • Generous holiday leave.
  • Hybrid working structure
  • A supportive and inclusive culture.
  • Unique opportunities for professional development within the life science industry.

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