At a Glance
- Tasks: Manage contracts, assess risks, and negotiate terms while collaborating with stakeholders.
- Company: Join Parker Meggitt, a leader in engineered goods manufacturing.
- Benefits: Competitive salary, career growth, and a supportive team environment.
- Other info: Dynamic role with opportunities to work cross-functionally and develop your career.
- Why this job: Make an impact by ensuring compliance and fostering positive relationships.
- 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, and fostering positive relationships with stakeholders.
Key Responsibilities
- Assess contractual and commercial risk and provide appropriate advice to site leadership and 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 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 the 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
- Significant experience working within a highly engineered goods manufacturing industry or contract management is essential.
- A solid grasp of contract law and regulations, including 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.
- Meticulous review of contracts for accuracy, clarity and compliance.
- Strong analytical skills for assessing risks, evaluating contract terms and making informed decisions.
- Excellent negotiation and verbal communication skills, capable of discussing contract terms with stakeholders, negotiating with vendors, and presenting contract‑related information while protecting the organisation’s interests.
- 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.
- Ability to manage multiple contracts simultaneously, ensuring deadlines are met and all parties are informed of responsibilities.
- Ability to build and maintain relationships with internal stakeholders, clients and vendors.
- Experience working effectively with cross‑functional teams, including legal, finance, procurement and operations.
- 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, preferably in Business Administration, Law or Finance.
Commercial Contract Specialist II in Hampshire employer: Parker Hannifin
At Parker Meggitt, we pride ourselves on being an exceptional employer, offering a dynamic work environment in Fareham that fosters collaboration and innovation. Our commitment to employee growth is evident through comprehensive training programmes and opportunities for career advancement, while our inclusive culture encourages open communication and teamwork. Join us to be part of a forward-thinking company that values your contributions and supports your professional journey.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Contract Specialist II in Hampshire
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their values. We recommend practising common interview questions and even role-playing with a friend. The more prepared you are, the more confident you’ll feel when it’s time to shine!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the position. We suggest mentioning something specific from the interview to remind them of your conversation and keep you top of mind.
✨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 often have exclusive roles listed there that you won’t find anywhere else!
We think you need these skills to ace Commercial Contract Specialist II in Hampshire
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 manufacturing industry. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Show Off Your Legal Know-How:Since this role involves a solid grasp of contract law, be sure to mention any specific legal knowledge or experience you have. We love candidates who can articulate complex legal concepts clearly, so give us examples of how you've done this in the past.
Highlight Your Negotiation Skills:Negotiation is key in this position, so share instances where you've successfully negotiated terms or resolved disputes. We’re looking for strong communicators who can protect our interests while fostering positive relationships with stakeholders.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Parker Hannifin
✨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. Familiarise yourself with common clauses and legal terminology so you can confidently discuss them during the interview.
✨Showcase Your Analytical Skills
Be prepared to demonstrate your analytical skills by discussing past experiences where you've assessed contractual risks or negotiated terms. Use specific examples that highlight your ability to evaluate contract performance and make informed decisions.
✨Practice Your Negotiation Techniques
Since negotiation is a crucial part of this role, practice articulating your negotiation strategies. Think of scenarios where you successfully mediated disputes or resolved conflicts, and be ready to share these stories to showcase your skills.
✨Build Rapport with Stakeholders
Highlight your experience in building relationships with internal stakeholders and vendors. Be ready to discuss how you’ve collaborated with cross-functional teams in the past, as this will show your ability to foster positive relationships, which is key for this position.
