Paralegal- Procurement

LEFRAK ORGANIZATION•New York, NY

About The Position

We are seeking a detail-oriented and proactive Paralegal to join our Procurement Contracts team. This role supports the Senior Contracts Manager and is instrumental in overseeing the full contract lifecycle, from initiation through execution, renewal, and closeout. The ideal candidate will serve as a liaison between internal stakeholders and external vendors, ensuring contractual obligations are properly documented, tracked, and fulfilled. This position provides a unique opportunity to gain cross-functional exposure across asset management, construction, development, IT, legal, and other corporate services.

Requirements

B.A. degree required.
Minimum of 3 years’ paralegal experience in a real estate company or law firm preferred.
General/working knowledge of common documents and practices related to the practice areas of real estate asset management and construction.
The candidate must be a mature, highly motivated, career-oriented individual.
Strong analytical skills and excellent written and verbal communication skills.
Proficient in Microsoft Office Suite programs including Word, and Excel.

Responsibilities

Maintain and manage contract databases and repositories to ensure accurate tracking and accessibility.
Oversee the full lifecycle of contracts, including drafting, execution, extension, and renewal.
Coordinate with various departments to streamline contract workflows and approval processes.
Track key dates such as expirations and renewals; manage amendments and contract closeouts.
Generate reports, summaries, and correspondence as needed.
Support the implementation and optimization of the company's Contract Lifecycle Management (CLM) system.
Identify and recommend enhancements to existing contract management workflows and tools.
Assist in the development of contract templates, guidelines, and training materials.
Work closely with Procurement, Vendor Management, and Risk Management to align contract tracking with insurance reviews and vendor onboarding processes.
Review contract terms to identify key provisions, obligations, and potential risks.
Aggregate and analyze data such as labor rates, payment terms, and liability clauses to support standardization across business units.