Contracts Manager

Company: Illinois Tool Works Inc.
Location: Eden Prairie
Posted on: January 16, 2023

Job Description:

* SMART PEOPLE * SMART IDEAS * SMART CHOICEA thriving environment for learning, innovation and growth.As a global company, MTS offers unparalleled access to challenging opportunities around the world. We engineer technology for some of the most recognizable companies in the world, focused on making products better, safer, cleaner, more efficient and reliable. Our employees are passionate about driving innovation, creating high quality solutions, and providing an excellent customer experience.By joining MTS, you'll have access to the latest tools and technologies, along with the support of colleagues who are passionate about their work. You'll discover a dynamic culture of continuous improvement that extends to our people, one that offers numerous ways to expand your knowledge and advance your career. And because we are a global company, your work may also include world travel.Primary Objective:Provide functional support for project teams and work resolving contractual issues. Perform pre-award and post-award review of contractual terms and conditions to ensure alignment by all parties with contractual obligations and protection of company interests. Partner with the business in negotiating new contracts and supporting changes to existing agreements (e.g., change orders, delivery schedules, payment terms, etc.). Monitor contracts throughout their lifecycle to ensure contractual obligations are communicated to and understood by the project teams and the customers. Ensure compliance with company policies and government regulations.Major Areas of ResponsibilityReview and manage pre-award and post-award contract documents to monitor adherence to contract terms and conditions to ensure uniform application of corporate policies and proceduresIdentify contractual responsibilities of each functional departmentProvide contract interpretation and communicate necessary information to key personnel to ensure communications are maintained for timely contract execution by the partiesIn conjunction with the project teams, engage directly with the customer's contracting entity to identify and resolve problems concerning terms of sale, scope of work, technical issues, contract clauses & requirements and terms of paymentReview and recommend changes to contract terms and conditions to protect the interests of the corporationEnsure final contract documents are consistent with agreements reached in final negotiationsManage contracts throughout their lifecycle to ensure adherence to terms, and lead change management activities internally in coordination with project team members and externally with customers and suppliersAct as a resource to internal teams and customers on matters related to contractingParticipate in contract negotiations with customers, as requiredAssist in maintenance of existing and creation of new contract management processes, procedures, and internal controls to ensure compliant and efficient administration of contractsPartner with various internal teams in management of company's contracting mattersActively participate in process improvement initiativesPerform internal audits of contracting processes to identify risks and ensure complianceGather and prepare KPI's related to contractual topicsProvide inputs to internal teams related to best practices for administration of contracts to create new and improved processes, procedures, and controlsConsult and advise teams on preferred terms and conditions of sale and acceptable alternativesPartner with teams to provide guidance to manage and mitigate financial and commercial risks throughout the lifecycle of the contractProvide management oversight to ensure acceptable forms of contracts and approval documents are included in accordance with required risk and compliance reviews (i.e. FCPA, Global Trade, etc.)

Keywords: Illinois Tool Works Inc., Eden Prairie , Contracts Manager, Executive , Eden Prairie, Minnesota