Contract Specialist

Contract Specialist

London Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Draft, review, and negotiate contracts while collaborating with sourcing and legal teams.
  • Company: Chain IQ is a global procurement company focused on strategic and operational services.
  • Benefits: Enjoy a hybrid working model and a first-class benefits package.
  • Why this job: Kickstart your legal career in a dynamic environment with real-world business impact.
  • Qualifications: A degree in Law or related field; detail-oriented and proactive mindset required.
  • Other info: Join a certified Great Place To Work and be part of an innovative team.

The predicted salary is between 28800 - 43200 £ per year.

At Chain IQ, your ideas move fast.

Chain IQ is a global AI-driven Procurement Service Partner, headquartered in Baar, Switzerland, with operations across main centers and 16 offices worldwide. We provide tailored, end-to-end procurement solutions that enable transformation, drive scalability, and deliver substantial reductions in our clients\’ indirect spend. Our culture is built on innovation, entrepreneurship, ownership, and impact. Here, your voice matters – bold thinking is encouraged, and action follows ambition.

Key Responsibilities:

The Contract Specialist role will oversee running S2C E2E and in full responsibility for e.g. simple framework agreements, contract amendments with no commercial impact, contract terminations, re-papering with no commercial impact of Chain IQ clients under the guidance of clients’ legal teams with all contracting stakeholders, as a key contact for the stakeholders during the process.

In addition to core responsibilities, the role may also involve handling specific, one-time requests to support the Strategic Tactical and Operational Sourcing teams as needed. The focus is to support the sourcers in reducing material deviations from the contractual standards and policies agreed with the client (on client or vendor paper) in a constantly changing matrix environment amongst diverse functional teams. Each team member will need to be able to leverage quick learning skills and accuracy, as well as ability to collaborate transversally both as team player as well as independently, and to manage multiple priorities in parallel. They are engaged as a third step of escalation, after the sourcers initial negotiation and consultation with their manager.

  • Contractual Expertise: Offer specialized support on complex legal contract terms, risk mitigation, and compliance with internal and client policies and legal standards.
  • Escalation Support: Serve as the tertiary escalation point when Strategic, Tactical and Operational Sourcers, along with their manager, encounter challenges in resolving contractual matters or require more in-depth legal expertise.
  • Review & Recommendations: Analyze contract drafts, suggest revisions, and ensure alignment with company and client standards and negotiation strategy.
  • Collaboration: Work closely with legal, sourcing, and business stakeholders to ensure contracts are accurate, enforceable, and beneficial.
  • Documentation & Knowledge Sharing: Maintain records of escalated cases and contribute to contract negotiation playbooks or knowledge bases to support future sourcing efforts.
  • Qualifications:

    A degree in Law or a related field (para-legal background welcome)
    • Interest or experience in reviewing and negotiating contracts
    • Understanding of legal terms and how they apply in a business context
    • Strong communication and stakeholder engagement skills
    • Detail-oriented, organized, and proactive in your approach• Interest in Financial Markets

    Join a truly global team.

    We offer a dynamic and international environment where high performance meets real purpose. We\’re proud to be Great Place to Work-certified and even prouder of the people who make that possible. Let’s shape the future of procurement – together.

    Chain IQ – Create. Lead. Make an impact.

    Information for agencies: Applications sent or uploaded by placement agencies or similar are not desired, will therefore not be considered and will be deleted.

    Contract Specialist employer: Chain IQ

    Chain IQ is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the role of Contract Specialist in London. With a strong commitment to employee growth, we offer a first-class benefits package and opportunities to develop legal and commercial skills in a dynamic environment. Our hybrid working model and focus on ethical operations make Chain IQ a rewarding place to launch your career in procurement.
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    Contact Detail:

    Chain IQ Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Contract Specialist

    ✨Tip Number 1

    Familiarise yourself with the specific legal terms and concepts related to contracts. Understanding these will not only help you in interviews but also demonstrate your genuine interest in the role of a Contract Specialist.

    ✨Tip Number 2

    Network with professionals in the procurement and legal fields. Attend industry events or join relevant online forums to connect with people who can provide insights into the role and potentially refer you to opportunities at Chain IQ.

    ✨Tip Number 3

    Prepare for potential interview questions by practising how you would handle contract negotiations or risk assessments. Use real-world examples from your studies or internships to showcase your skills and thought process.

    ✨Tip Number 4

    Research Chain IQ’s approach to procurement and their commitment to ESG practices. Being knowledgeable about the company’s values and operations will help you align your answers during interviews and show that you’re a good fit for their team.

    We think you need these skills to ace Contract Specialist

    Contract Drafting
    Contract Negotiation
    Legal Research
    Attention to Detail
    Stakeholder Engagement
    Risk Assessment
    Communication Skills
    Organisational Skills
    Proactive Problem Solving
    Understanding of Legal Terms
    Compliance Knowledge
    Template Improvement
    Training and Guidance
    Team Collaboration

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure to thoroughly read the job description for the Contract Specialist position. Understand the key responsibilities and qualifications required, as this will help you tailor your application.

    Tailor Your CV: Customise your CV to highlight relevant experiences and skills that align with the role. Emphasise any legal education, contract negotiation experience, or stakeholder engagement skills that are pertinent to the position.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for contracts and negotiation. Mention specific examples from your academic or professional background that demonstrate your attention to detail and proactive approach.

    Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Contract Specialist.

    How to prepare for a job interview at Chain IQ

    ✨Know Your Contracts

    Familiarise yourself with common contract terms and legal jargon. Being able to discuss these confidently will show your understanding of the role and impress the interviewers.

    ✨Demonstrate Attention to Detail

    As a Contract Specialist, attention to detail is crucial. Prepare examples from your studies or previous experiences where your meticulous nature made a difference in a project or task.

    ✨Showcase Your Communication Skills

    Effective communication is key in this role. Be ready to discuss how you’ve successfully engaged with stakeholders or resolved conflicts in the past, highlighting your ability to convey complex information clearly.

    ✨Research Chain IQ

    Understand Chain IQ's values, mission, and recent developments in procurement. This knowledge will help you tailor your answers and demonstrate your genuine interest in the company during the interview.

    Contract Specialist
    Chain IQ
    Location: London
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    • Contract Specialist

      London
      Full-Time
      28800 - 43200 £ / year (est.)
    • C

      Chain IQ

      50-100
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