Lumen Technologies - Contract Specialist (4-6 yrs)

Job Title: Contract Specialist

Location: Bangalore and Noida

Experience: 4-6 Years

Must have skills : Strategic Sourcing, Contract Management, Negotiation, Contract Review, Contract Negotiations

Position Overview:

- A contract specialist is responsible for managing the contract throughout their life cycle, ensuring compliance with legal and organizational policies and procedures. They negotiate terms, review contracts details, and collaborate with the internal teams and external vendors to secure favorable agreements. Drive innovation, efficiency, and ensure standardization across departments.

Key responsibilities of this role:

- End-to-end contract management, including drafting, reviewing negotiation, executing and renewing the contract.

- Identify and mitigate the contractual risks, addressing potential liabilities and performance issues.

- Timely contract renewals in co-ordination with the business needs and strategies planned out by the category managers.

- Support audits and reporting by maintaining comprehensive contract documentation, contract records repositories etc.

- Work closely with the internal teams (Business, legal, finance and procurement) to align contractual terms with the organizational goals

- Facilitate contract related discussions, readouts, negotiations and escalation when needed.

- End to end sourcing project (RFX) management, including collaborating with the business to identify requirements, drafting, evaluation/analysis of supplier responses

- Collaborate to standardize sourcing and procurement process within the COE framework to derive operational efficiency and cost savings.

- Drive consistency in procurement policies, procedures, use of procurement tools and templates to streamline operations.

Note : This position is not for Legal candidates, we are not considering candidates from Legal background. This is completely into procurement and supply chain.

Experience & Qualifications:

- 4-6 years of relevant experience in sourcing, procurement & contract management.

- Strong knowledge of Strategic sourcing, contract negotiation and supplier management.

- Excellent communication, negotiation and analytical skills.

- Ability to drive process improvement and standardization of the process.

- Ability to adapt to the changing business environment.

- Knowledge of procurement systems such as SAP and Ariba

- Experienced with CLM and E-Procurement Tools (SAP, Ariba)

Work requirements - Willingness to work night shifts to support NA Team and ability to adapt to changes.