Description :

Title - IT Contracts Manager

Exp = 3 - 8 years

Location - Delhi

Job description: 

 IT Contracts Manager typically involves overseeing the creation, negotiation, and management of contracts related to IT products and services within an organization. Here's a breakdown of the responsibilities typically associated with this role:

Contract Creation and Review:

• Draft and review contracts related to IT procurement, services, and vendor relationships.
• Ensure that contracts accurately reflect the terms negotiated and comply with legal and regulatory requirements.
• Collaborate with legal counsel and other relevant stakeholders to finalize contract terms.

Negotiation:

• Negotiate contract terms with vendors, suppliers, and service providers to secure favorable terms and pricing.
• Advocate for the organization's interests while maintaining positive vendor relationships.
• Resolve any disputes or conflicts that arise during the negotiation process.

Contract Management:

• Maintain a centralized repository of contracts and related documents, ensuring that they are organized and easily accessible.
• Monitor contract performance and compliance, tracking key milestones, deliverables, and obligations.
• Coordinate contract amendments, extensions, and terminations as necessary.
• Ensure that contracts are renewed or renegotiated in a timely manner to avoid disruptions to IT services.

Risk Management:

• Identify and mitigate risks associated with contract terms and vendor relationships, such as financial, legal, or operational risks.
• Develop contingency plans to address potential contract-related issues or disruptions.

Vendor Relationship Management:

• Build and maintain strong relationships with vendors, serving as the primary point of contact for contract-related matters.
• Address vendor concerns and inquiries regarding contract terms and performance.
• Collaborate with vendors to resolve issues and optimize contract value.

Compliance:

• Ensure that contracts comply with internal policies, as well as external regulations and industry standards (e.g., GDPR, HIPAA, SOX).
• Stay informed about changes in relevant laws and regulations that may impact contract management practices.

Financial Management:

• Track contract expenditures and ensure that costs remain within budgetary constraints.
• Identify opportunities to optimize contract spending and improve cost-effectiveness.

Stakeholder Communication:

• Communicate effectively with internal stakeholders, including IT teams, procurement, legal, finance, and business units, to gather requirements, provide updates, and address concerns related to contracts and vendor relationships.