Contract Specialist - Aerospace

As a Contracts Specialist, you will be responsible for managing and supporting the negotiation of the contracts, ensure compliance with legal requirements and corporate policies. You will play a crucial role in reviewing and drafting various types of contracts that are aligned to the company's interest. You will also be a key advisor to internal stakeholders on existing contractual obligations and for handling of customer claims and assertions.

• Review and draft contracts including but not limited to sales agreements, non-disclosure agreements, distributor agreements and licensing agreements.

• Collaborate with internal stakeholders, such as legal, sales, operations, supply chain, customer experience and pricing teams to ensure proposed contractual terms and deliverables align with business objectives.

• Identify and highlight any clauses or terms that may impact the company's operations, financial position or any potential risks on legal topics such as liability and indemnification.

• Follow through bid review action items and work closely with internal stakeholders to ensure all open actions are closed.

• Ensure Parker's policies are followed in relation to the request-for-approval (RFA) process for new contracts, bids proposals and renewals.

• Ensure that all contracts are properly documented and tracked in contract repository (SEAL) and Sharepoint.

• Maintain and update an internal database which includes pricing, key contract terms and contract flow-down documents and ensuring accurate records and easy access to contract information.

• Monitor contract compliance, including obligations and deliverables and promptly address any deviations or issues that may arise.

• Manage contract renewals, amendments, and terminations and working closely with stakeholders to negotiate and execute changes as necessary.

• Collaborate with internal stakeholders to review and validate claims promptly.

• Help to advise and ensure Parker's compliance with all relevant law, regulations and legislation including but not limited to export compliance, anti-corruption and government contracting flowdowns.

• Utilize legal resources and in-house legal subject matter experts to ensure all levels of risk are recognized and subsequently addressed.

• Keep up to date and ensure to follow through on internal governance policies.

• Investigate and resolve claims or assertions by collecting and analyzing information.

• Handle ad-hoc requests and tasks as required.

Job Requirements:

• Bachelor's Degree or equivalent

• Past experience in contracts or a similar role in Aerospace would be an added advantage

• Able to work independently to manage conflicting priorities or deadlines.

• Excellent written, communication and interpersonal skills.

• In-depth knowledge in Microsoft Excel and SAP is preferred.

• A strong grasp of contract law is fundamental. This includes knowledge of legal terminology, legal issues, and standard contractual clauses.

• Strong analytical skills and judgement are necessary to assess risks, evaluate contract terms, and make informed decisions.

• The ability to meticulously review contracts for accuracy and clarity.

• Basic financial skills the ability to understand, review and interpret pricing models and business cases and understand the correlation between profit, risk and agreed terms & conditions.