To ensure the successful handling of crucial tasks related to contracts between a business and relevant parties, contract managers need to possess expertise along with various skills.
Contracts are valuable documents in the business and production activities of a company. Therefore, businesses all prioritize hiring contract managers to oversee important contract matters. So, who is a contract manager? What are the specific responsibilities of a contract manager? Let's follow the information below from Navigos Search to find out!
Who is a contract manager?
A contract manager is an individual responsible for maintaining the company's contract documents to prevent loss, damage, and ensure that the contract process is carried out correctly by all parties involved, thus minimizing risks and avoiding disputes.
This position plays a crucial role in organizations and businesses because they manage the regulations and contractual rights for the company. This is also the reason why businesses emphasize the recruitment of individuals with genuine competence, professionalism, and reliability to entrust tasks related to contracts.
The contract management officer is the custodian of contract documents
Describe in detail the job of a contract manager
- Contract management staff will perform the following specific tasks:
- Draft contract conditions in the enterprise's contracts with other parties and ensure accuracy and compliance with issued conditions.
- Negotiate terms in business contracts with partners and customers.
- Preserve and store enterprise contracts and price databases, lists of consultants/contractors/suppliers during implementation.
- Collect legal documents.
- Implement and complete the contract.
- Resolve questions and issues related to contracts for customers and partners
- Report work to department heads and superiors.
Tasks that need to be done
Current income and benefits received
Each business will offer different salaries and benefits for contract management staff positions. The current salary of contract managers ranges from 10 - 15 million VND/month. This level of income is considered quite attractive, attracting many candidates to pursue it.
In addition, the person holding this position will also be able to work in a professional environment, with enhanced opportunities to hone expertise in knowledge of contracts and law, expand working relationships,... along with many other benefits according to regulations.
You can refer to the detailed salary of contract managers and many other occupations and jobs on the market at Navigos Group's 2023 salary report. Salary report from Navigos Group - Group owns 2 leading recruitment brands in Vietnam (VietnamWorks and Navigos Search). Navigos Group's 2023 salary report updates detailed market salaries for each department and level in 23 different industries in Vietnam such as construction, real estate, finance - banking, information technology ,...
Attractive salary
What does it take to become a professional contract manager?
Capacity and experience
Employers of contract management staff often require candidates to be well-trained in majors such as Law, Economics, Finance, and Accounting. Having experience in records management, administration, data and having worked in the field of customer care is a plus for candidates.
Have knowledge of business
Certainly, a good contract manager needs to understand the business of the enterprise. Therefore, in addition to understanding the business, candidates must continuously update about changes in terms, contract templates, business knowledge, business trends in the market,...
Problem-solving skills
Contract management staff need to practice problem-solving skills to be able to resolve issues related to terms and customers. To sign a contract requires many steps, it is inevitable that problems will arise before and after completing the signing of the contract. With this skill, assuming the position of contract manager, you will find solutions to make effective decisions to avoid affecting the business and other parties.
Collaboration and relationship building skills
Without a good relationship, the contract management staff will have many difficulties in handling documents and terms in the contract. The relationships that need to be built here are relationships with colleagues, customers, social relationships, etc. Knowing how to build healthy and beneficial relationships for work does not mean you are taking advantage of them. . Sometimes that relationship will help you get valuable customers and contracts for your business.
IT skills
It seems that the days of manual processes and agreements being stored on paper in filing cabinets are over. Businesses are entering the age of digital transformation and contracts are starting to adopt important new technology such as contract lifecycle management. Contract managers also need to update technology innovations to improve work efficiency. In addition, you also need to understand more about processes and ways of working to manage business contracts well.
Collaboration ability
The nature of the work of contract managers always requires them to work with many different groups and individuals, both inside and outside the organization. Contracts often involve many different business areas with a need for beneficial collaboration.
In many cases, you must work with partners and external contacts to resolve problems, monitor performance, or suggest adjustments to agreements. All of these jobs require you to have effective collaboration skills.
Communication and negotiation skills
After the contract agreement is signed, your business and related parties need to clearly know the obligations, performance metrics, compliance conditions, etc. Having good communication skills will be a plus for you. Present clearly, convey correct information and ensure all parties involved in the contract understand.
Negotiation does not only take place in the pre-contract signing phase. But after the agreement has been signed, there will be necessary changes and adjustments. Therefore, the role of the contract management staff at this time is to negotiate internally and externally with superiors, to make reasonable changes and find alternatives.
Carefulness and meticulousness
A contract manager must be truly careful and pay attention to every detail to ensure absolute accuracy of important terms and conditions. Because just one mistake in the contract or ignoring small details in the contract can be detrimental to your business.
The spirit of continuous learning
The law does not have to change often, but there will be some small provisions that are adjusted and changed. That is why people who work in contracts and the law must study, learn, and update continuously every day. That is a necessary condition for you to pursue this career long term and help you become a professional contract manager.
The needed factors in each work
Once you have fully prepared your career for the position of a professional contract manager, instead of spreading your resume everywhere, waiting for the employer to contact you takes a lot of time and is even a waste of time. After going through many interviews but still not getting the job you want, you should send your impressive CV to a reputable job search agency.
Applying for a job at a headhunter company is considered a quick and effective method of finding a job today. Among them, Navigos Search is considered the leading reputable headhunter company in Vietnam.
Please send your CV to Navigos Search to have the opportunity to become a potential candidate in our candidate database and be proactively contacted, consulted on job requirements, salary negotiations,... when there is news. Recruit suitable contract management staff.
Navigos Search's advantage is a team of very professional, experienced human resources experts who deeply understand the value of human resources and understand the labor market. We call our experts "Dream Builders", based on a systematic recruitment process, the candidates' abilities and experience, they will search and discuss the most suitable job position. After the candidate is accepted, specialists will continue to closely monitor and support throughout the "Success after joining" process.
Navigos Search - Vietnam's leading reputable headhunter company
If you are looking for a job as a contract manager or want to be informed about positions that match your skills and ambitions, send your CV to Navigos Search to be notified as soon as there is a job posting. fit. In particular, if your business is in need of recruiting mid- and senior-level personnel, please contact Navigos Search to quickly get the best candidates!
Navigos Search - Vietnam's leading mid- and
high-level talent hunting company