Contract Payment Manager

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

Job summary

An established industry player is seeking a Contract Payment Manager to oversee contract lifecycle and payment processes. This role is vital for maintaining financial accuracy and compliance, ensuring that contracts are executed properly and payments processed efficiently. The ideal candidate will have a strong background in contract management, excellent negotiation skills, and the ability to communicate effectively with various stakeholders. Join a dynamic team where your contributions will directly impact the financial operations of the organization, driving success and fostering collaboration across departments.

Qualifications

• 5+ years experience in contract management and payment processes.
• Strong understanding of contract law and financial systems.

Responsibilities

• Oversee contract lifecycle, ensuring compliance with legal standards.
• Manage payment processes and liaise with stakeholders for smooth operations.

Skills

Contract Management

Payment Processing

Negotiation Skills

Communication Skills

Problem-Solving Abilities

Organizational Skills

Education

Bachelor's degree in Business Administration

Bachelor's degree in Finance

Bachelor's degree in Law

Tools

Financial Software

Project Management Tools

Job description

About the job Contract Payment Manager

Our client is seeking a Contract Payment Manager located 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 Contract Payment Manager position, please send your updated CV along with a cover letter to [e-mail]