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- Tasks: Manage contracts, ensure compliance, and build relationships with stakeholders.
- Company: Parker Meggitt is a leading player in the aviation and aerospace component manufacturing industry.
- Benefits: Enjoy half-day Fridays, a pension scheme, life assurance, and discounts on various goods and services.
- Why this job: Join a dynamic team, develop your skills, and make an impact in a reputable company.
- Qualifications: Experience in contract management or procurement, strong analytical skills, and a solid grasp of contract law required.
- Other info: This role is only open to UK + EU nationals.
The predicted salary is between 36000 - 60000 £ per year.
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*For the level of projects worked and for security purposes, this role is only open to UK + EU nationals*
Here at Parker Meggitt, we’re recruiting for a Contract Specialist to join our team on-site in Fareham. In this position you’ll play a crucial role in managing contracts, ensuring compliance with legal and organisational requirements and fostering positive relationships with stakeholders.
We are looking for candidates with experience gained from a highly engineered goods manufacturing industry, contract management, procurement, or related fields.
Your responsibilities
- Assess contractual and commercial risk and provide appropriate advice to site leadership and site functional departments
- Generate, draft, revies 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
Who we are looking for
- Significant experience of working within a highly engineered goods Manufacturing industry, contract management or procurement field 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
Ideally, you will also have
- Bachelor’s Degree, ideally in Business Administration, Law, or Finance & Accounting
- A professional qualification in IACCM, 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:
- Pension scheme with up to 10% matching company contribution
- Life Assurance x3 basic salary
- Share buying scheme
- Half day Fridays (lunch time finish)
- Employee Assistance Program for Health & Wellbeing
- Funded membership of a professional body
- Focused career development planning with opportunities to progress
- 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
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
-
Job function
Legal
-
Industries
Aviation and Aerospace Component Manufacturing
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Commercial Contract Specialist II employer: Parker Meggitt
Contact Detail:
Parker Meggitt Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Contract Specialist II
✨Tip Number 1
Familiarise yourself with the specific contract laws and regulations relevant to the manufacturing industry. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role's requirements.
✨Tip Number 2
Network with professionals in the contract management field, especially those who have experience in highly engineered goods. Engaging with industry experts can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your negotiation strategies and experiences in detail during the interview. Be ready to share specific examples of how you've successfully navigated complex contract discussions in the past.
✨Tip Number 4
Showcase your ability to work cross-functionally by highlighting any past experiences where you've collaborated with legal, finance, or procurement teams. This will illustrate your capability to manage contracts effectively within a team environment.
We think you need these skills to ace Commercial Contract Specialist II
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in contract management, procurement, and the highly engineered goods manufacturing industry. Use specific examples that demonstrate your skills in risk assessment, negotiation, and compliance.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role at Parker Meggitt. Clearly outline how your background aligns with their requirements, particularly your understanding of contract law and your ability to manage multiple contracts effectively.
Highlight Relevant Skills: Emphasise your analytical skills, attention to detail, and negotiation abilities in both your CV and cover letter. Mention any experience you have with contract management systems and your proficiency in drafting clear contracts.
Proofread Your Application: Before submitting, thoroughly proofread your application materials. Ensure there are no spelling or grammatical errors, and that all information is presented clearly and professionally. This reflects your attention to detail, which is crucial for the role.
How to prepare for a job interview at Parker Meggitt
✨Know Your Contracts
Familiarise yourself with common contract terms and legal jargon. Be prepared to discuss specific clauses and their implications, as this role requires a solid grasp of contract law.
✨Demonstrate Analytical Skills
Showcase your ability to assess risks and evaluate contract terms. Prepare examples from your past experience where you successfully identified potential issues and proposed solutions.
✨Highlight Negotiation Experience
Be ready to discuss your negotiation strategies and experiences. Provide examples of how you've reached agreements that satisfied all parties while protecting the organisation's interests.
✨Build Rapport with Stakeholders
Emphasise your relationship-building skills. Share instances where you've effectively collaborated with cross-functional teams or managed stakeholder expectations during contract management.