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- Tasks: Manage contracts, assess risks, and negotiate terms while fostering stakeholder relationships.
- Company: Join Parker Meggitt, a leader in engineered goods manufacturing.
- Benefits: Competitive salary, career growth, and a collaborative work environment.
- Other info: Opportunity to work with cross-functional teams and develop your negotiation skills.
- Why this job: Make an impact in contract management and work with a dynamic team.
- Qualifications: Experience in contract management and strong analytical skills required.
The predicted salary is between 45000 - 55000 £ per year.
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 sites Data Protection Officer.
- Significant experience of working within a highly engineered goods manufacturing industry or contract management is essential to be considered for this position.
- 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, as well as reaching agreements that satisfy both parties while protecting the organisation’s interests.
- 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.
- Bachelor’s Degree, ideally in Business Administration, Law, or Finance.
Commercial Contract Specialist II employer: PARKER HANNIFIN CORP
Contact Detail:
PARKER HANNIFIN CORP Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Contract Specialist II
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their contracts and compliance needs. Show them you’re not just another candidate; you’re someone who gets their business and can hit the ground running.
✨Tip Number 3
Practice your negotiation skills! Whether it’s discussing salary or contract terms, being confident and articulate can set you apart. Role-play with a friend or use online resources to sharpen those skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Commercial Contract Specialist II
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in contract management and the highly engineered goods manufacturing industry. We want to see how your skills align with the responsibilities outlined in the job description.
Showcase Your Skills: Don’t just list your qualifications; demonstrate your strong analytical skills and negotiation abilities through specific examples. We love seeing how you’ve tackled challenges in previous roles, especially when it comes to managing contracts.
Be Clear and Concise: When drafting your application, keep it straightforward and to the point. Use clear language to articulate your experience and understanding of contract law, as this reflects the clarity we expect in contract documentation.
Apply Through Our Website: We encourage you to submit your application directly through our website. This ensures that your application gets to the right people quickly and helps us keep track of all candidates efficiently. Plus, it’s super easy!
How to prepare for a job interview at PARKER HANNIFIN CORP
✨Know Your Contracts Inside Out
Before the interview, make sure you thoroughly understand the key aspects of contract law and the specific requirements mentioned in the job description. Brush up on legal terminology and be ready to discuss how you've applied this knowledge in previous roles.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations where you successfully reached agreements that benefited all parties involved. Highlight your ability to mediate disputes and resolve conflicts, as these skills are crucial for a Commercial Contract Specialist.
✨Demonstrate Analytical Thinking
Be ready to discuss how you've assessed risks and evaluated contract terms in your previous positions. Use specific examples to illustrate your analytical skills and how they contributed to successful contract management.
✨Build Relationships with Stakeholders
Emphasise your experience in fostering positive relationships with internal stakeholders and clients. Prepare to share how you've collaborated with cross-functional teams to ensure alignment on contract matters, as this is key to success in the role.