Contract Analyst (Saudi Arabia)

Eram Talent, a leading talent acquisition consultancy, is seeking a dedicated and detail-oriented Contract Analyst to join our team. As a Contract Analyst, you will play a crucial role in reviewing and analyzing contracts to ensure compliance and mitigate risk. Eram Talent is committed to delivering exceptional recruitment solutions to our clients across various industries.

Responsibilities

Key competences:

• Business Insight
• Financial Risk Analysis
• Cost Management
• Contract Authoring
• Contract Negotiations
• Contract Start-Up
• Contract Execution and Compliance
• Contract Management
• Operational & Service Excellence
• Contract and Supplier KPIs, Metrics, and Analysis
• Strategic Partnerships & Supplier Development
• Supplier Relationship Management
• Passive Cycle Competence (PO Mgmt., Good/Service receipt, Payment process)
• Stakeholder Management

Key Accountabilities:

• Effectively deal with basic contract related queries from users, buyers, and stakeholders
• Carry out contract negotiation plans for low-spend, straightforward contracts
• Identify and comply with requirements with respect to required documentation for different processes, system updates etc
• Maintain, update and upload all required contract documentation via the standardized templates
• Identify any deviations / red flags that indicate supplier instability, or poor performance
• Develop spend visualizations which interprets the data, providing trends, demand drivers, themes, and insight
• Monitor compliance with contract management plans
• Administer straightforward contracts to ensure accuracy of pricing, scope variations, updates to terms and conditions
• Monitor and report on contract milestones and outcomes
• Support the relevant stakeholders in developing related materials to implement innovative performance and measurement metrics, such as KPIs
• Flag any contract deviations affecting payment process
• Update MoMs regularly to keep track of interactions, changes, and alignment with involved stakeholders
• Support in stakeholder communications and provide guidance on straightforward contractual matters

Requirements

• Bachelor's degree in Law, Business Administration, or a related field
• Proven experience as a Contract Analyst or similar role
• Strong analytical and critical thinking skills
• Good knowledge of contract law and legal terminology
• Excellent attention to detail and organizational skills
• Ability to work independently and handle multiple tasks simultaneously
• Effective communication and negotiation skills
• Proficient in Microsoft Office Suite and contract management software

Benefits

Required Skills:

• BSc in Business Administration; additional qualification is a plus
• Proven experience in contract management
• General knowledge in the Procurement cycle
• Basic financial acumen
• Knowledge of legal and financial requirements pertaining to contracts
• Excellent writing skills
• Attention to detail
• Strong analytical and organization skills
• Ability to liaise and coordinate with multiple stakeholders in a fast-paced environment

Additional Skills

• Knowledge of SAP ERP system
• Arabic speaking is a plus
• Knowledge of contract management on SAP Ariba