Contracts Manager Job Description [Updated for 2025]

In the contemporary business landscape, the demand for competent Contracts Managers is more intense than ever.

As business complexities increase, so does the necessity for skilled professionals who can draft, review, and manage contracts that form the backbone of these organizations.

But let’s get into the details: What’s really expected from a Contracts Manager?

Whether you are:

• A job seeker attempting to comprehend the intricacies of this role,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the inner workings of contract management,

You’re in the right place.

Today, we present a customizable Contracts Manager job description template, designed for effortless posting on job boards or career sites.

Let’s dive in.

Contracts Manager Duties and Responsibilities

A Contracts Manager oversees all aspects of contractual agreements within a company.

This includes drafting and negotiating contracts, ensuring compliance with regulations and company policies, and managing risk.

The role requires in-depth legal knowledge, keen attention to detail and strong communication skills.

The typical duties and responsibilities of a Contracts Manager may include:

• Developing and implementing procedures and policies for contract management and administration
• Reviewing and negotiating contractual details and terms with clients, suppliers or partners
• Ensuring that contracts comply with laws, regulations and company policies
• Managing all contractual issues, disputes and negotiations
• Maintaining detailed records of all company contracts and their progress
• Coordinating with various departments to ensure contract specifications are fulfilled
• Assessing and managing potential risks and liabilities associated with contract terms
• Identifying opportunities for improvement in existing contract processes and practices
• Conducting training sessions for staff members on contractual matters
• Assisting in the development and review of business proposals and agreements

 

Contracts Manager Job Description Template

Job Brief

We are seeking a dedicated Contracts Manager to oversee all aspects of contract negotiations and management within our organization.

The Contracts Manager’s duties include preparing contracts, examining and assessing existing contracts, negotiating contract terms, and ensuring all contracts adhere to laws and company policies.

The ideal candidate will have a firm understanding of legal requirements and contract provisions, alongside excellent negotiation and communication skills.

 

Responsibilities

• Prepare and draft legal contracts, agreements, and other legal documents.
• Analyze and evaluate existing contracts to ensure they are complete and accurate.
• Negotiate contract terms with internal and external business partners.
• Ensure contracts are in line with legal, regulatory, and organizational standards.
• Communicate and clarify contract terms and conditions with stakeholders.
• Monitor and manage contracts throughout their lifecycle, from initiation to completion or renewal.
• Maintain organized system for tracking, approval, and audits of contracts.
• Resolve any contract-related issues that arise.
• Collaborate with other teams including legal, finance, and operations.

 

Qualifications

• Proven experience as a Contracts Manager or relevant role.
• Excellent knowledge of contract law and legal requirements.
• Strong negotiation and interpersonal skills.
• Ability to manage multiple contracts and projects simultaneously.
• High attention to detail and excellent organizational skills.
• Proficient in MS Office and contract management software.
• Strong written and verbal communication skills.
• A Law degree or certification in contract management is preferred.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Contracts Manager
• Work Environment: Office setting with options for remote work. Some travel may be required for meetings or negotiations.
• Reporting Structure: Reports to the Director of Operations or Legal.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $75,000 minimum to $130,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Contracts Manager Do?

A Contracts Manager typically works for businesses across industries, including construction, engineering, and legal firms.

They also work for government agencies, non-profit organizations, and some are self-employed, offering contractual services to various clients.

They are responsible for managing all the aspects of contracts, starting from initial negotiations to the implementation and eventual termination or renewal.

This involves preparing, examining, proposing, and revising contracts that involve the purchase or sale of goods and services.

Contracts Managers work closely with project managers, financial teams, legal departments, and the client to ensure that all contractual terms are adhered to and that the objectives of the contract are met in a timely and efficient manner.

They also manage any contractual disputes, seeking to resolve issues in a way that is beneficial for all parties involved, and adjust the contract terms if necessary to address changes in work scope or specifications.

Their role often involves ensuring compliance with laws, regulations, and company policies, and they are required to keep all contract documents well-organized and updated.

Furthermore, they are expected to mitigate potential contractual risks, which can include financial penalties or legal implications.

Therefore, they must have a good understanding of business law, finance, and project management.

 

Contracts Manager Qualifications and Skills

Contracts Managers are integral to the smooth running of a business, ensuring all contracts meet legal, customer and company demands.

Key skills and qualifications for this role include:

• Strong understanding of contract law and its application, to draft, negotiate and review contracts effectively.
• Exceptional attention to detail, to ensure that all contract specifications are met and any potential issues are identified.
• Excellent communication skills, for clearly explaining contract terms to other team members and stakeholders, as well as for negotiating contract terms with clients and suppliers.
• Outstanding organization skills, to keep track of multiple contracts at different stages and ensure all deadlines are met.
• Superior problem-solving abilities, to resolve any disputes or issues that arise in relation to contracts.
• Understanding of risk management, to assess potential risks and implement strategies to mitigate them.
• Proficiency in contract management software and systems, to efficiently manage and track contracts.

 

Contracts Manager Experience Requirements

Contracts Managers are expected to have a solid understanding of the principles of contract law, which is often gained through a bachelor’s degree in law, business, or a related field.

This foundational knowledge is typically supplemented by several years of relevant work experience in contract administration, procurement, or project management.

Entry-level candidates may have 1 to 2 years of experience, often through internships or part-time roles in a law firm, corporate legal department, or a business operations team.

They may have experience in drafting, reviewing, and negotiating contracts, as well as an understanding of basic business operations.

Candidates with 3 to 5 years of experience are often well-versed in contracts management and may have held roles like Contracts Analyst, Procurement Specialist, or Project Manager.

They may have developed expertise in contract negotiation, compliance, and risk management.

Those with more than 5 years of experience are likely to have a strong track record in leading complex contract negotiations and managing contractual relationships.

They may also have leadership experience, including supervising contract staff or leading a contracts department, and may be ready for a senior Contracts Manager or Director-level position.

 

Contracts Manager Education and Training Requirements

Contracts Managers typically hold a bachelor’s degree in business administration, law, or a related field.

They should have a comprehensive understanding of contract law, negotiation strategies, financial and risk management principles, and project management.

Some employers may require a master’s degree in business administration or a related discipline, or a certification such as Certified Professional Contracts Manager (CPCM) for advanced roles.

A Juris Doctor (JD) degree may also be beneficial for those dealing with complex legal contracts.

Ongoing professional development is crucial in this role as it is necessary to stay updated with changes in laws and regulations that affect contracts.

Work experience in contract management or a related field is generally required, the length of which may vary depending on the complexity of the role.

Strong communication skills, attention to detail, and the ability to multitask are also essential skills for a Contracts Manager.

 

Contracts Manager Salary Expectations

A Contracts Manager earns an average salary of $84,726 (USD) per year.

However, this figure can greatly vary based on factors such as experience, industry, the complexity of contracts managed, and the geographical location of the job.

 

Contracts Manager Job Description FAQs

What skills does a Contracts Manager need?

A Contracts Manager should possess strong negotiation skills to secure the best terms for contracts.

They should also have good analytical skills to understand contract specifications and details.

Attention to detail, problem-solving skills, and the ability to handle high-stress situations are crucial.

Additionally, Contracts Managers should be skilled in time management and have strong interpersonal and communication skills for dealing with different stakeholders.

 

Do Contracts Managers need a degree?

Yes, a Contracts Manager typically requires a bachelor’s degree in business, law, or a related field.

Many employers prefer candidates with a master’s degree or Juris Doctor (JD).

Relevant work experience is also highly valued, especially in contract administration or procurement.

 

What should you look for in a Contracts Manager resume?

A Contracts Manager’s resume should highlight their expertise in contract negotiation, preparation, and management.

Look for a strong educational background in law or business.

Their work experience should demonstrate a history of successful contract negotiation and management, a solid understanding of procurement processes, and experience in risk management.

Certifications such as Certified Professional Contracts Manager (CPCM) are also advantageous.

 

What qualities make a good Contracts Manager?

A good Contracts Manager is detail-oriented, ensuring that all contract terms and provisions are correct and beneficial to the organization.

They should be excellent communicators, capable of negotiating contract terms and discussing contract issues with various stakeholders.

They should also be proficient problem solvers, able to identify potential issues within contracts and find solutions that benefit their organization.

 

What are the daily duties of a Contracts Manager?

On a typical day, a Contracts Manager might review and negotiate contract terms, work with different departments to ensure contractual obligations are met, and maintain communication with clients or suppliers.

They might also identify and mitigate contractual risks, maintain contract documentation, and ensure the organization is in compliance with contractual terms and legal requirements.

 

Conclusion

And there we have it.

Today, we’ve demystified what it actually means to be a contracts manager.

What’s the catch?

It’s not just about drafting and negotiating contracts.

It’s about safeguarding the interests of your organization, one contract at a time.

With our handy contracts manager job description template and real-world examples, you’re ready to take that leap.

But why limit yourself?

Delve deeper with our job description generator. It’s your secret weapon for creating spot-on job listings or polishing your resume to perfection.

Remember:

Each contract you manage is a piece of the larger puzzle.

Let’s create that future. Together.

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