At a Glance
- Tasks: Support contract management and collaborate with teams to ensure compliance and accuracy.
- Company: Join LexisNexis Risk Solutions, a leader in risk assessment and insurance solutions.
- Benefits: Enjoy generous holidays, health perks, and extensive learning opportunities.
- Other info: Dynamic team culture with opportunities for career growth and community involvement.
- Why this job: Make an impact in a fast-paced environment while developing your legal and commercial skills.
- Qualifications: Degree or equivalent experience in commercial contracts; strong communication and multitasking skills.
The predicted salary is between 40000 - 50000 £ per year.
About the Business: LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Insurance vertical, we provide customers with solutions and decision tools that combine public and industry specific content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efficiency. Our insurance risk solutions help drive better data-driven decisions across the insurance policy lifecycle all while reducing risk.
About the team: This position is part of the LNRS Insurance Contracts Team, which operates within Operations. The team works closely with Sales, Legal, Product, and Analytics to make sure deals are accurately captured, approved, and documented. They’re responsible for drafting contracts based on the agreed commercials and terms, and they diligently track any non-standard provisions. It’s always busy, with a wide range of internal stakeholders involved, so collaboration and attention to detail are key.
About the role: The Commercial Contracts Executive position will provide contract support to the LexisNexis Risk Solutions Insurance business. The role will work as part of the Operations team to ensure compliance with commercial contract terms and conditions. The role holder will collaborate closely with the Legal team to provide credible and trustworthy guidance to the business.
Responsibilities:
- Provide basic commercial advice and interpret contractual requirements.
- Draft, review, and prepare standard contract documents (Orders, Amendments, Schedules, SLAs, Appendices), including approved term modifications.
- Manage customer queries and pushbacks, escalating to Legal or stakeholders where required.
- Attend internal governance forums (e.g. Deal Review Board) and maintain accurate records and decision tracking.
- Ensure effective use of contract governance tools (e.g. DocuSign, approval forms, trackers, reporting) to support timely execution.
- Maintain oversight of shared legal inboxes, contract storage, and indexing processes.
- Supervise and support junior contract administration, providing guidance on day-to-day tasks.
- Support legal and business teams by managing process mapping, regulatory/customer enquiries, and biannual contract template updates.
Experience required:
- Undergraduate degree or equivalent qualifications/work experience.
- Prior experience of working within a busy commercial contracts or legal function.
- Ability to manage and prioritise workload and competing deadlines within a fast-paced environment with progressive adaptations as the business grows at pace.
- Performs well in high pressure environment, balancing those competing priorities with strong commitment to delivering results.
- Proven success interacting, influencing and working with multiple functional areas; both internal and external.
- Has built successful working relationships; demonstrated expertise, commitment and follow-through.
- Excellent written and verbal communication skills.
- Proficient in MS Word, Excel, Confluence, MS Teams and PowerPoint.
Working for you:
- Generous holiday allowance with the option to buy additional days.
- Health screening, eye care vouchers and private medical benefits.
- Wellbeing programs.
- Life assurance.
- Access to a competitive contributory pension scheme.
- Save As You Earn share option scheme.
- Travel Season ticket loan.
- Electric Vehicle Scheme.
- Optional Dental Insurance.
- Maternity, paternity and shared parental leave.
- Employee Assistance Programme.
- Access to emergency care for both the elderly and children.
- RECARES days, giving you time to support the charities and causes that matter to you.
- Access to employee resource groups with dedicated time to volunteer.
- Access to extensive learning and development resources.
- Access to employee discounts scheme via Perks at Work.
Commercial Contracts Specialist (Contract) in Nottingham employer: LexisNexis Risk Solutions
LexisNexis Risk Solutions is an exceptional employer, offering a dynamic work environment where collaboration and attention to detail are paramount. With a strong focus on employee wellbeing, the company provides generous benefits including a competitive pension scheme, health screening, and extensive learning opportunities, all while fostering a culture of support and growth. Located in a fast-paced sector, employees can thrive in their roles, contributing to meaningful projects that enhance operational efficiency and risk assessment in the insurance industry.
