Contract Specialist

Contract Specialist

Full-Time 42000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage vendor contracts and support marketing teams with contract processes.
  • Company: Join a global community of 175,000 investment professionals focused on ethical financial markets.
  • Benefits: Enjoy a flexible work environment with remote options and opportunities for professional growth.
  • Why this job: Be part of a mission-driven company that values trust and transparency in finance.
  • Qualifications: Experience with contract management systems and strong organisational skills are preferred.
  • Other info: This is a 12-month contract role based in London with work-from-home flexibility.

The predicted salary is between 42000 - 60000 £ per year.

Direct message the job poster from The Digital Recruitment Company

Senior Consultant @ The Digital Recruitment Company | Executive Search, Digital Recruitment: UK, Europe & New York

Job Type: 12-month contract

Location: London & WFH

The Company

The Digital Recruitment Company are working with a firm who is a global community of more than 175,000 investment professionals and they are working to build an investment industry where investors’ interests come first, financial markets function at their best, and economies grow. They are driven by the belief that lasting economic growth depends on trust, competence, and transparency in financial markets, and we know that it must be led by professionals adhering to the highest levels of ethics and investment expertise.

The Role

Serve as the initial point person/liaison in S2P for all 3rd Party Vendor Contract requests from Marketing:

  • Creates and maintains contracting log of all upcoming, pending, and renewals and terminations for all Marketing\’s contracts.
  • Conducts weekly meetings/calls with individual marketing contract owners, updates them on their contract status, gets inputs and details of their future contracts and updates/briefs Contract Manager.
  • Assists Marketing Chief of Staff with leading weekly Vendor Governance/Contracting Meeting.
  • Assists in creating weekly contracts pending signature reports and follows up with internal clients.

Enters all Marketing Contracts into the Contract Management System (CMS); Contract Logix is the system (experience with CMS is favorable):

  • Ensures all minimal contract details are received and input on contracts prior to entering them into the Contract Management System.
  • Ensures users adhere to policies and procedures for application and creation of contracts.
  • Advises Marketing of any contracting issues that will hit the Issues Log.
  • Manages end of life/renewals and upcoming contract amendments.

Conducts training on contracting principles, system usage, creating and reading/editing of contracts in the CMS:

  • Responsible for assisting in the drafting and editing agreements to achieve the most favorable outcomes for the organization.

Enters Purchase Orders into the Procurement system (NetSuite; experience favorable) after the contract has been approved in the contract system:

  • Tracks Purchase order through approvals, facilitates final approvals as necessary.
  • Tracks Purchase Order/Receipt of goods and/or services and records receipt in the PO system in a timely manner.

Receives Invoice, compares payment details to PO and Contract, validates accuracy and coding and forwards to Accounts Payable for processing:

  • Participates in process improvement, to facilitate the move of invoice handling to Accounts Payable.

Required Skills:

  • Job Knowledge / Effectiveness – Possesses commensurate business knowledge and skills and can apply them to the needs of the organization; seeks appropriate information, advice and authority to achieve goals; shares ideas and information with others; manages own performance effectively and takes measured risk necessary to achieve goals.
  • Critical Thinking Skills – Approaches problems conceptually and analytically; identifies and proposes solutions to problems; exercises good judgment based on balanced consideration of facts, priorities and alternatives.
  • Teamwork – Recognizes interdependencies in cross-functional projects; works collaboratively and productively with others to achieve results; works toward consensus when team decisions are required and supports team decisions; looks for opportunities to develop, maintain and strengthen partnerships with others inside and/or outside the organization.
  • Time Management – Ability to keep tasks, documents, and schedules well-organized to ensure efficient workflow. Skill in assessing tasks based on urgency and importance, allowing for effective prioritization and timely completion of critical activities.

Seniority level

Mid-Senior level

Employment type

Contract

Job function

Strategy/Planning, Project Management, and Administrative

Industries

Banking, Investment Banking, and Financial Services

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Contract Specialist employer: The Digital Recruitment Company

The Digital Recruitment Company offers a dynamic and supportive work environment for Contract Specialists, where your contributions directly impact the investment industry. With a strong emphasis on ethics and transparency, employees benefit from a culture of trust and collaboration, alongside opportunities for professional growth through training and development. Located in London with flexible work-from-home options, this role provides a unique chance to engage with a global community of investment professionals dedicated to fostering economic growth.
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Contact Detail:

The Digital Recruitment Company Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Contract Specialist

✨Tip Number 1

Familiarise yourself with Contract Management Systems, especially Contract Logix and NetSuite. Having a solid understanding of these systems will not only boost your confidence during interviews but also demonstrate your readiness to hit the ground running.

✨Tip Number 2

Brush up on your critical thinking and problem-solving skills. Be prepared to discuss specific examples where you've successfully navigated complex contract issues or improved processes in previous roles.

✨Tip Number 3

Network with professionals in the investment and financial services sectors. Engaging with industry peers can provide valuable insights into the role and may even lead to referrals that could strengthen your application.

✨Tip Number 4

Demonstrate your teamwork abilities by preparing examples of how you've collaborated on cross-functional projects. Highlighting your experience in working with diverse teams will show that you can effectively contribute to the company's goals.

We think you need these skills to ace Contract Specialist

Contract Management
Vendor Management
Attention to Detail
Critical Thinking Skills
Time Management
Communication Skills
Teamwork
Negotiation Skills
Proficiency in Contract Management Systems (CMS)
Experience with Procurement Systems (NetSuite)
Problem-Solving Skills
Organisational Skills
Ability to Conduct Training Sessions
Understanding of Contract Law and Principles

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to understand the responsibilities and required skills for the Contract Specialist position. Tailor your application to highlight how your experience aligns with these requirements.

Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience you have with contract management systems, vendor governance, and procurement processes. Use specific examples to demonstrate your skills in critical thinking, teamwork, and time management.

Craft a Strong Cover Letter: Write a compelling cover letter that not only introduces yourself but also explains why you are a great fit for the role. Mention your understanding of the investment industry and your commitment to ethics and transparency in financial markets.

Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a role that involves managing contracts and documentation.

How to prepare for a job interview at The Digital Recruitment Company

✨Understand the Role

Make sure you thoroughly understand the responsibilities of a Contract Specialist. Familiarise yourself with the specifics of contract management, vendor governance, and the tools mentioned in the job description, such as Contract Logix and NetSuite.

✨Showcase Your Critical Thinking Skills

Prepare examples that demonstrate your ability to approach problems analytically. Be ready to discuss how you've identified issues in past roles and proposed effective solutions, especially in contract-related scenarios.

✨Highlight Teamwork Experience

Since the role involves collaboration with various stakeholders, be prepared to share experiences where you've successfully worked in teams. Discuss how you’ve built partnerships and contributed to cross-functional projects.

✨Demonstrate Time Management Abilities

Be ready to talk about how you prioritise tasks and manage your time effectively. Share specific examples of how you've organised workflows to meet deadlines, particularly in high-pressure situations.

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