Commercial Contracts Manager

Welcome to Philips, a global leader in health technology that is committed to improving people's lives through meaningful innovation. We are currently seeking a highly motivated and experienced Commercial Contracts Manager to join our team. As a Commercial Contracts Manager at Philips, you will play a crucial role in ensuring the success of our commercial operations by managing the negotiation and execution of contracts with our customers and suppliers. If you have a passion for driving business growth and a strong understanding of commercial contracts, we want to hear from you. Join us in our mission to make the world healthier and more sustainable through innovation and advanced technology.

1. Negotiate and manage contracts with customers and suppliers to ensure mutually beneficial and legally sound agreements.
2. Conduct thorough review and analysis of contract terms and conditions to identify potential risks and opportunities for improvement.
3. Collaborate with cross-functional teams, including sales, legal, finance, and procurement, to ensure that contracts meet business objectives and comply with company policies and procedures.
4. Keep up-to-date with industry trends and best practices in commercial contracts to continuously improve processes and optimize contract terms.
5. Develop and maintain positive relationships with key stakeholders, both internally and externally, to ensure effective communication and timely resolution of contract-related issues.
6. Serve as the main point of contact for contract-related inquiries and provide guidance and support to sales teams during the negotiation process.
7. Monitor and track contract performance and compliance to ensure contractual obligations are met, and any deviations are addressed in a timely manner.
8. Identify and escalate potential legal or financial risks associated with contracts to the appropriate teams for resolution.
9. Participate in contract negotiations and provide support to legal counsel as needed.
10. Develop and maintain a contract management system to organize and store all contract-related documents and ensure easy accessibility for future reference.
11. Continuously evaluate and improve contract management processes and procedures to streamline operations and increase efficiency.
12. Train and mentor junior team members on contract management best practices and company policies.
13. Represent the company's values and commitment to innovation and sustainable development in all contract negotiations and interactions with customers and suppliers.

According to JobzMall, the average salary range for a Commercial Contracts Manager in Cambridge, MA, USA is $111,000-$160,000 per year. However, this can vary depending on the specific company, industry, and level of experience of the individual. Factors such as additional benefits and bonuses can also impact the overall salary range.

Royal Philips is a health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.