Contracts Manager
What's it like to be a Contracts Manager?
A Contracts Manager supervises the end-to-end process of every contract signed by a company, from its drafting to negotiations and filing. They keep contracts compliant with both company and industry standards, and recommend best practices to departments involved in contracts, such as partnerships and sales. Attention to detail, negotiation, industry knowledge, and critical thinking are crucial skills for the role. Contracts Managers work in corporations, government, NGO’s and construction.
Tasks and duties
- Drafting, evaluating, and negotiating contracts for the company.
- Corresponding with stakeholders, partners, and clients regarding legal interests.
- Consulting with stakeholders and departments about contract terms.
- Analyzing contracts for legal disputes.
- Maintaining compliance with government and legal standards for contracts.
- Discussing contract terms with relevant parties.
- Researching legal developments and new industry practices.
Contract Managers need a mastery of legal terms for drafting and negotiating contracts, although they are not required to know case law. As Contract Managers are also responsible for ensuring optimized company revenue, experience in sales and business is also beneficial.
How to become a Contracts Manager
A bachelor degree in a law-related field is required for the role. Prior experience in a legal role, some law school education or a law degree and membership in the Philippine Bar are highly advantageous, and are a requirement for some companies.
Graduate with a bachelor degree in legal management, political science, economics, or another pre-law field.
Complete an internship at a recognized law firm or company.
Seek an entry-level job in law or sales, such as paralegal or sales representative.
Take a course in contract management, such as Project Contract Management.
Apply for membership to the Philippine Society of Contract Administrators (PSCA).
Consider taking the Philippine Law School Admission Test (PhilSAT) and applying for law school. While Contracts Managers do not necessarily have to be lawyers, possessing a law degree will greatly broaden your opportunities and enhance your knowledge of law. If you are proceeding with this route, graduate with a Bachelor of Laws (Juris Doctor) from a recognized law school, then take and pass the Philippine Bar Examination (PBE).
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