Contract Payment Manager

Domo Ventures W.L.L.; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading financial management company in Riyadh is seeking a Contracts and Payments Manager to oversee the lifecycle of contracts and payment processes. The successful candidate will be responsible for contract review, negotiation, and tracking, as well as ensuring compliance with internal policies. Ideal candidates should have over 5 years of experience in related roles and possess strong negotiation and communication skills.

Qualifications

• 5+ years of experience in contract management, payments, or finance-related roles.
• Strong understanding of contract law and payment processes.
• Ability to work independently and manage multiple tasks simultaneously.

Responsibilities

• Review and produce contracts, ensuring they meet legal and company standards.
• Oversee the payment process, including invoice processing and financial approvals.
• Collaborate with finance, procurement, and project teams to resolve discrepancies.

Skills

Contract management

Payment processes

Negotiation skills

Detail-oriented

Communication skills

Education

Bachelor's degree in Business Administration, Finance, Law, or a related field

Tools

Financial software/systems

Job description

Our client is seeking a Contract Payment Managerlocated in Saudi Arabia.

Job Title: Contracts and Payments Manager

Position Overview:
The Contracts and Payments Manager will be responsible for overseeing and managing the full lifecycle of contracts and payments within the organization. This role involves contract review, negotiation, and tracking, as well as handling payment processes including invoicing, cost tracking, and liaising with internal and external stakeholders to ensure smooth financial operations. The successful candidate will play a key role in maintaining financial accuracy and compliance, ensuring that all contracts are executed properly and payments are processed efficiently.

Key Responsibilities:

Contract Management:

• Review and produce contracts, ensuring they meet legal and company standards.
• Negotiate contract terms with vendors, clients, and suppliers.
• Ensure contract terms align with company policies and legal requirements.
• Work closely with the legal and procurement teams to finalize contract details.
• Maintain accurate records of contracts and amendments.

Payment Process Management:

• Oversee the payment process, including IPC (Invoice Processing Center), payment logs, and financial approvals.
• Liaise with internal departments to ensure timely processing of invoices and payments.
• Track costs associated with projects, ensuring they align with budgeted figures.
• Process variations and change orders (V.O.s) and ensure they are approved and incorporated into the payment process.
• Provide regular financial reporting on costs, payments, and project status.

Stakeholder Communication:

• Serve as the main point of contact for internal departments and external stakeholders regarding contract and payment-related inquiries.
• Collaborate with finance, procurement, and project teams to resolve discrepancies or issues related to contracts and payments.

Compliance & Documentation:

• Ensure all contracts and payment processes are compliant with internal policies and regulatory requirements.
• Maintain and update accurate documentation for audit and reference purposes.
• Assist in preparing reports for audits, including contract performance and payment tracking.

Skills and Qualifications:

• Bachelor's degree in Business Administration, Finance, Law, or a related field.
• Proven experience (5+ years) in contract management, payments, or finance-related roles.
• Strong understanding of contract law and payment processes.
• Experience in cost tracking, invoicing, and working with financial software/systems.
• Excellent negotiation, communication, and interpersonal skills.
• Detail-oriented with strong organizational and problem-solving abilities.
• Ability to work independently and manage multiple tasks simultaneously.

Preferred Qualifications:

• Certification in Contract Management (e.g., NCCM, CPCM).
• Familiarity with project management tools and financial systems.
• Knowledge of industry-specific regulations and best practices.

To apply for the Contact PaymentManager position, please send your updated CV along with a cover letter to [e-mail]