Contract Specialist (Procurement)
Pune, Maharashtra, India
Full Time
Mid Level
Contract Specialist (Procurement)
Onit – Pune, Maharashtra, India – Full time
Position Summary
The Contracts Specialist helps accelerate Onit’s success by providing practical, thoughtful, and quick answers to key contractual questions. The Contracts Specialist is required to draft, negotiate, and manage a wide variety of commercial agreements with a focus on transactional SaaS agreements. The Contract Specialist assists with the continuous development of the contract function and its processes. Onit’s Legal function is diligent and proactive and works cross-functionally with all areas of the company in a collaborative, collegial, fast-paced, global team environment.
Key Responsibilities
About Onit:
Onit is a global leader of enterprise workflow solutions for legal, compliance, sales,
IT, HR, and finance departments. Our solutions transform best practices into
smarter workflows, better processes, and operational efficiencies. With a focus on
enterprise legal management, matter management, spend management, contract
management, and legal holds, we operate globally and help transform the way
Fortune 500 companies and billion-dollar legal departments bridge the gap between
systems of record and systems of engagement. We help customers find gains in
efficiency, reduce costs, and automate transactions faster.
Onit – Pune, Maharashtra, India – Full time
Position Summary
The Contracts Specialist helps accelerate Onit’s success by providing practical, thoughtful, and quick answers to key contractual questions. The Contracts Specialist is required to draft, negotiate, and manage a wide variety of commercial agreements with a focus on transactional SaaS agreements. The Contract Specialist assists with the continuous development of the contract function and its processes. Onit’s Legal function is diligent and proactive and works cross-functionally with all areas of the company in a collaborative, collegial, fast-paced, global team environment.
Key Responsibilities
- Write, review, draft, and negotiate subscription and services agreements, service level agreements, professional services agreements, partner agreements, transactional documents, and contract addenda.
- Identify terms that vary from corporate standards to ensure accuracy and compliance, recommend appropriate modifications, engage, and collaborate with internal stakeholders in sales, professional services, legal, product management, support, and other internal organizations.
- Provide effective guidance of contract issues to all levels within the company.
- Advise purchasers of contractual rights and obligations and provide clarification of contract terms and conditions.
- Act as a liaison between internal customer and external vendors to efficiently drive the contract review and approval process to conclusion.
- Prepare and evaluate RFPs and RFQs, offering appropriate alternatives to contract terms and conditions.
- Update and maintain status information in Onit CLM.
- Coordinate with Finance on terms and revenue recognition.
- Prepare and administer routine and/or specialized correspondence.
- Assist in other duties that may arise from time to time.
- Excellent written and verbal communication and negotiation skills.
- Ability to interface with all levels.
- Ability to handle and resolve conflicts in a professional and tactful manner.
- Strong analytical skills and interpersonal skills with the ability to effectively work in a team environment and under general supervision.
- Solid understanding of contract provisions and risks and the legal areas and multinational laws that impact them.
- Procurement: A proven track record of reduced costs and improved terms with vendors.
- Successfully accomplish work with a high degree of independence, balancing competing priorities with short lead times.
- Effectively analyze significant, and/or unique contract requirements, special provisions, terms, and conditions to ensure compliance with appropriate laws, regulations, and corporate policies and communicates results.
- Proficiency in MS Office, especially Word and Excel, is required.
- Commercial: Experience with SalesForce.com is preferred.
- Experience with DocuSign is preferred.
- 3-5 years of experience in the creation, negotiation, preparation, administration, and monitoring of technology-related and other agreements.
About Onit:
Onit is a global leader of enterprise workflow solutions for legal, compliance, sales,
IT, HR, and finance departments. Our solutions transform best practices into
smarter workflows, better processes, and operational efficiencies. With a focus on
enterprise legal management, matter management, spend management, contract
management, and legal holds, we operate globally and help transform the way
Fortune 500 companies and billion-dollar legal departments bridge the gap between
systems of record and systems of engagement. We help customers find gains in
efficiency, reduce costs, and automate transactions faster.
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