Commercial Contract Specialist II in Fareham

Here at Parker Meggitt, we’re recruiting for a Commercial Contract Specialist to join our team on-site in Fareham. In this position you’ll play a crucial role in managing new contracts, supporting bid/no-bid decision making, ensuring compliance with legal and organisational requirements alongside fostering positive relationships with stakeholders. We are looking for candidates with experience gained from a highly engineered goods manufacturing industry, contract management, or related fields.

Key Responsibilities

• Assess contractual and commercial risk and provide appropriate advice to site leadership and site functional departments.
• Generate, draft, revise and negotiate terms and conditions for site specific business matters; compliance matrices; and make recommendations in accordance with Parker Meggitt policies.
• Administer highly competitive, major contract requirements by analysing performance requirements and customer purchase order requirements including those issued against Basic Contract Agreements and/or Long-Term Agreements.
• Maintain contract files and maintain records of contract change activity.
• Investigate and resolve claims or assertions by collecting and analysing information.
• Monitor contract performance by determining compliance to contract requirements and determining the need for amendments or extensions to the contract.
• May provide contract subject-matter expert advice to others in department or to ad-hoc teams.
• Utilise legal resources and in-house legal subject matter experts to ensure all levels of risk are recognised and subsequently addressed.
• Be the site's Data Protection Officer.

Essential skills and experience you’ll need to be considered for this position

• Significant experience of working within a highly engineered goods Manufacturing industry or contract management is essential.
• A solid grasp of contract law and regulations is fundamental. This includes knowledge of legal terminology, clauses, and the implications of contractual agreements.
• Familiarity with relevant laws and regulations that affect contracts, including procurement laws and product safety regulations.
• The ability to meticulously review contracts for accuracy, clarity, and compliance.
• Strong analytical skills are necessary to assess risks, evaluate contract terms, and make informed decisions.
• A skilled negotiator with strong verbal communication skills; capable of discussing contract terms with stakeholders, negotiating with vendors, and presenting contract-related information.
• The ability to mediate disputes and resolve conflicts that may arise during negotiations or contract execution.
• Proficiency in drafting clear and concise contracts, amendments, and correspondence, including the ability to articulate complex legal concepts in understandable terms.
• The ability to manage multiple contracts simultaneously, ensuring that deadlines are met and that all parties are informed of their responsibilities.
• The ability to build and maintain relationships with internal stakeholders, clients, and vendors is crucial for successful contract management.
• Working effectively with cross-functional teams, including legal, finance, procurement, and operations, to ensure alignment on contract matters.
• Familiarity with contract management systems and software tools that facilitate the creation, tracking, and management of contracts.

Ideally, you’ll also have

• Bachelor’s Degree, ideally in Business Administration, Law, or Finance & Accounting.
• A professional qualification in World Commerce and Contracting, or equivalent.

What We Offer

Parker Meggitt is proud to offer a competitive total rewards framework designed with our colleagues' health, wealth, and well-being in mind to help our employees balance a successful career. Our competitive package will include:

• Funded membership of a professional body.
• Focused career development planning with opportunities to progress.
• Pension scheme with up to 10% matching company contribution.
• Life Assurance x4 basic salary.
• Share buying scheme.
• 25 days holiday, plus bank holidays, with the option to buy and sell up to 5 days.
• Service-related holiday (3 years = 1 day and increase up to max 5 days).
• Cash Plan or Private Medical Cover.
• Employee Assistance Program for Health & Wellbeing.
• Free on-site car parking.
• Employee Referral Scheme.
• An on-site restaurant and Starbucks offering subsidised food.
• Employee Perks – offering our employees discounts on a huge variety of goods and services.