Contract Management Specialist
Location: UK, London
Length: 12 months
Rate: £172 per day (Umbrella)
Hours: 36.5 hours per week
Key Responsibilities:
As a Contract Management Specialist, your responsibilities will fall into four key areas:
Contract Review and Analysis:
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- Design and implement a scalable audit process for all WP contracts across global markets
- Conduct in-depth audits of third-party contracts, prioritizing high-volume markets and those with significant spend
- Assess and improve the current state of contract management, rationalize agreements, standardize formats, and update clauses as needed, including regulatory and cyber security considerations
- Evaluate contracts for outdated terms, incorrect supplier data, and missing KPIs or SLAs
Process Evaluation and Improvement:
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- Identify inefficiencies in supplier contracts and propose strategies for streamlining
- Recommend solutions for consistent contract templates, supplier performance metrics, and compliance requirements
- Develop processes to ensure contract details remain up-to-date, including supplier data, contract ownership, and regulatory compliance
Cross-Functional Collaboration:
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- Work closely with procurement, legal, and finance teams to ensure alignment in contract management
- Collaborate with stakeholders across WP and Our Client to explore opportunities for contract consolidation
- Provide regular updates to leadership on audit findings, trends, and actionable next steps
Efficiency and Compliance Optimization:
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- Create recommendations for a consistent process to negotiate, sign, and store contracts across global markets
- Ensure all contracts adhere to legal and regulatory standards (e.g., GDPR, cyber security)
- Suggest improvements to supplier management, including the incorporation of KPIs and reporting
Success Measures:
- Delivery of KPIs and SLAs related to the Operations Modernisation Programme, with specific focus on third-party contracts
- Implementation of effective, end-to-end contract management practices within the Operations team
- Adherence to Worldpanel/ our client procurement governance processes
- Establishment of a framework to ensure ongoing health and compliance of procurement processes
