Contracts Specialist

Bimeda•Schaumburg, IL

11h

About The Position

The contract specialist plays a key role in protecting the company's interests by managing the entire lifecycle of domestic and international contracts. This includes reviewing, negotiating, interpreting, and maintaining contractual agreements in accordance with applicable laws and corporate standards. Acting as a central point of coordination and effective communication between internal teams and external stakeholders, the specialist provides legal guidance to mitigate risks, ensure alignment, and support operational effectiveness across the organization. This is a role that requires legal knowledge, but it is not a position to act as the company's legal counsel. It is a type of internal consulting, based on the standards required by the legal department for the formalization of contracts of various kinds, acting as a bridge between the needs of the departments and the premises of the legal department.

Requirements

Bachelor’s degree in Law or related field.
2–3 years of experience in contract analysis, negotiation, or contract lifecycle management.
Ability to support commercial and employment-related matters.
Familiarity with contract lifecycle management (CLM) platforms, CRM systems (e.g., Salesforce), ERP solutions, and integration platforms.
Capability to draft clear, precise, and risk-aware contractual language.
Experience with data organization, document control, and compliance tracking.

Nice To Haves

J.D. or equivalent

Responsibilities

Ensure direct communication with the legal department, monitoring deadlines, determining priorities, and aligning whenever possible, with the aim of anticipating possible conditions that may impact the regular progress of contract
Prepare, review, draft, negotiate, and manage commercial contracts, service agreements, supply contracts, NDAs, amendments, and other contractual instruments.
Review legal documents for risk exposure and suggest changes and alternative wording, in addition to participating directly in negotiations with other parties.
Ensure compliance with contractual clauses and deadlines, monitoring obligations, deliverables, milestones, KPIs, and due dates throughout the contract lifecycle.
Negotiate contract terms directly with third parties.
Support negotiation processes with customers, suppliers, and strategic partners, providing technical and legal support ensuring alignment with business interests.
Interact with internal areas (Procurement, Finance, Sales, Operations, Compliance, Human Resources and others) and external stakeholders to ensure proper interpretation and alignment of contractual terms.
Control, organize, and maintain updated contract records, ensuring proper filing, digital archiving, and use of contract management systems (CLM).
Support training and guidance for internal teams regarding contract best practices, processes, and compliance
Monitor contract performance, ensuring that services, deliverables, and payments follow the terms agreed upon
Support internal and external audits, providing contract-related information, documentation, status reports, and compliance evidence
Prepare contract summaries, risk assessments, and executive reports to support decision-making by management
Ensure compliance with applicable local legislation, corporate governance standards, internal policies, and regulatory requirements.
Advise internal stakeholders on employment law, commercial law, and related compliance obligations.
Identify contractual risks (legal, operational, financial, compliance), proposing and implementing mitigation strategies.
Participate in the improvement of contract templates, playbooks, policies, and workflows, contributing to standardization and operational efficiency.
Prepare contract summaries, risk assessments, and executive reports to support decision-making by management and business teams.
Monitor contract performance, ensuring that services, deliverables, and payments follow the terms agreed upon (SLAs, KPIs, pricing, penalties, renewals, terminations, etc.).
Support training and guidance for internal teams regarding contract best practices, processes, and compliance obligations