Contracts Manager

Welcome to Philips, a global leader in health technology, where we are committed to improving people's lives through meaningful innovations. We are currently seeking a highly skilled Contracts Manager to join our dynamic team. As a Contracts Manager at Philips, you will play a crucial role in ensuring the success and compliance of our company's contracts. We are looking for someone who is detail-oriented, organized, and has a strong understanding of contract management. If you are passionate about driving business growth and have experience in contract negotiation and management, we would love to have you on our team.

1. Negotiate and draft contracts: The Contracts Manager will be responsible for negotiating and drafting various contracts, including sales contracts, procurement contracts, and vendor agreements.
2. Ensure compliance: It is crucial for the Contracts Manager to ensure that all contracts are compliant with company policies, legal regulations, and industry standards.
3. Review and analyze contracts: The Contracts Manager will be responsible for reviewing and analyzing contracts, identifying potential risks, and recommending necessary changes to protect the company's interests.
4. Manage contract lifecycle: The Contracts Manager will oversee the entire contract lifecycle, from initiation to execution, renewal, and termination.
5. Maintain accurate records: The Contracts Manager will maintain accurate and organized records of all contracts, including key terms, dates, and renewal deadlines.
6. Collaborate with internal stakeholders: The Contracts Manager will collaborate with various departments, including legal, finance, and sales, to ensure a cohesive and efficient contract management process.
7. Monitor contract performance: The Contracts Manager will monitor the performance of contracts and ensure that all parties adhere to their obligations.
8. Identify cost-saving opportunities: The Contracts Manager will proactively identify cost-saving opportunities and negotiate favorable terms and conditions for the company.
9. Stay updated on industry trends: The Contracts Manager will stay updated on industry trends and changes in laws and regulations related to contracts to ensure compliance and mitigate risks.
10. Train and mentor team members: The Contracts Manager may be responsible for training and mentoring other team members on contract management best practices.

According to JobzMall, the average salary range for a Contracts Manager in Bothell, WA, USA is between $80,000 and $120,000 per year. This range may vary depending on factors such as experience, education, and the specific industry or company the Contracts Manager is working for. Some Contracts Managers may also receive additional benefits such as bonuses, stock options, and other perks depending on their employer.

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.