Contract Specialist

Alkhorayef Petroleum Company; Dammam; On-site; SAR 100,000 - 150,000; Full time

Job summary

A leading petroleum firm in Dammam is seeking a skilled Contracts Manager to draft and negotiate contracts with suppliers, ensuring compliance with legal standards and organizational policies. This role requires a Bachelor's degree in Supply Chain, Finance, or Business Administration and a minimum of 10 years of experience in supplier relationship management. The successful candidate will work closely with cross-functional teams to enhance supplier performance and mitigate risks. Competitive compensation and opportunities for career growth are offered.

Qualifications

• Minimum 10 years of experience is required.
• Previous Supplier Relationship Management experience is required.
• Ability to collaborate effectively with cross-functional teams and external suppliers.

Responsibilities

• Draft, review, negotiate, and finalize contracts with suppliers.
• Ensure contracts comply with corporate policies and standards.
• Maintain accurate records of all contracts and amendments.
• Monitor contract milestones and obligations.
• Develop and manage supply agreements and purchase agreements.
• Support supplier onboarding and evaluation.
• Work closely with various teams to ensure supplier performance.
• Negotiate terms to achieve cost savings and mitigate risks.
• Identify contractual risks and propose strategies.
• Provide guidance on contractual obligations and rights.
• Support audits and compliance requirements.
• Assist in drafting international commercial contracts.
• Collaborate with BD teams on contract evaluations.
• Ensure contract frameworks support strategic growth objectives.
• Act as a liaison between suppliers, legal counsel, and internal teams.
• Provide training on contract-related procedures.
• Participate in cross-functional projects to streamline processes.

Skills

Supplier Relationship Management

Cross-functional collaboration

Education

Bachelor’s degree in Supply Chain, Finance, or Business Administration

Job description

Responsibilities

• Draft, review, negotiate, and finalize contracts with suppliers, service providers, and partners.
• Ensure contracts are compliant with corporate policies, industry standards, and applicable legal/regulatory frameworks.
• Maintain accurate records of all contracts, amendments, and associated documents in the contract management system.
• Monitor contract milestones, deliverables, and obligations to ensure timely execution and renewals.
• Develop and manage supply agreements, Master Service Agreements (MSAs), frame contracts, and purchase agreements with suppliers (international and domestic).
• Support supplier onboarding, qualification, and evaluation through contract documentation.
• Work closely with Procurement, Quality, Operations, and Finance teams to ensure supplier performance aligns with contractual terms.
• Negotiate terms to achieve cost savings, mitigate risks, and secure favorable conditions for the organization.
• Identify contractual risks and propose mitigation strategies.
• Ensure compliance with legal, commercial, and ethical standards in all contractual dealings.
• Provide guidance to internal stakeholders on contractual obligations, rights, and risk exposure.
• Support audits, reviews, and internal/external compliance requirements related to contracts.
• Assist in drafting and reviewing international commercial contracts for business development initiatives.
• Collaborate with BD teams in evaluating contract terms with new clients, agents, or global partners.
• Ensure that contract frameworks support long-term strategic growth objectives.
• Act as a key liaison between suppliers, legal counsel, internal departments, and external stakeholders.
• Provide training and advisory support to internal teams on contract-related procedures.
• Participate in cross-functional projects to streamline contract management processes.

Required Skills and Qualifications

• A bachelor’s degree in Supply Chain, Finance, or Business administration.
• Minimum 10 years of experience is required.
• Previous Supplier Relationship Management experience is required.
• Ability to collaborate effectively with cross-functional teams and external suppliers.