Contract Specialist

JOB DESCRIPTION

This position will serve as the primary point of contact for contract rationalization opportunities within the Corporate Procurement Team. This role will be responsible for coordinating with the business units to identify and develop opportunities for contract rationalization.. This role will also be responsible for coordinating with the business units on the appropriate negotiation strategy to utilize for a given initiative and will monitor progress of negotiations. In situations where there is not a clear preponderance of utilization of a given supplier by a single business unit, and if the goods represent indirect items that are not business critical, then this role may also engage in contract negotiations with such opportunities. In addition to these functions, this role will also be responsible for the governance of the negotiated agreements. This will include ensuring suppliers are adhering to the negotiated terms as well as validating that NOV is systematically set up internally to receive the items negotiated within the agreement. Areas of responsibility will also include creation of tickets within the ERP systems to ensure each system is updated accordingly to reflect the pricing, terms, etc. negotiated in the contracts, and escalation to appropriate personnel should such tickets not be actioned in a timely manner. Communication of results across the business units and communication of adherence to the terms to management will be crucial to this role.

DUTIES & RESPONSIBILITIES:

• Responsible for governance post contract roll out
• Communication of results to stakeholders
• Ensure contract information is updated in the contract life cycle management system
• Ensure tickets are entered with appropriate ERP's to update terms and pricing accordingly
• Track and report realized savings
• Coordination with business units on contract rationalization opportunities
• Conduct contract negotiations where appropriate for indirect spend suppliers which are not business specific
• Assist business unit with negotiation strategy as needed and monitor business unit progress
• Conduct annual reviews of new opportunities for supplier rationalization
• Other activities as required by the Director of Global Logistics

SKILLS & EXPERIENCE REQUIRED

• Strategic
• Problem Solving
• Functional / Technical Skills
• Decision Quality and Problem Solving

• Operating
• Time Management
• Informing Others
• Communication
• Process Management

• Confidence
• Standing Alone
• Command Skills
• Conflict Management

• Energy
• Drive For Results

• Personal and Interpersonal
• Approachability
• Motivating Others
• Ethics and Values
• Negotiating

• Organizational
• Presentation Skills
• Written Communication
• Comfort Around Higher Management

Qualifications

Essential:

• Demonstrable understanding of contract negotiations
• Ability to effectively communicate in English (verbally and written)

Desirable:

• Degree in business

Experience

Essential:

• 10+ years of procurement experience
• Experience performing rate negotiations
• Experience interacting with international locations within a business setting

Desirable:

• Experience working with large data in Excel
• Experience with PowerBI dashboards

Skills, Training or Special Knowledge

Essential:

• Utilization of Microsoft Office

Desirable:

• Practical experience using CLM systems
• 10+ years of experience within NOV

Quality Assurance

Carry out all duties in accordance with the Quality Assurance procedures and department/area work instructions.

Contribute to general improvements in the quality and key activities of the department/area.

Training

Participate in training where required.

Health, Safety and Environment

Carry out all duties safely and in accordance with the Health & Safety Policy, Employee Handbook, procedures, training and instruction.

To be safety conscious and report any safety hazards to the HSE representative.