12 general skills or competencies (Job family competencies) for Contracts Administration Manager
Skill definition-Applying the knowledge of commercial law to regulate the conduct of persons, merchants, and businesses engaged in trade, sales, and commerce.
Level 1 Behaviors
(General Familiarity)
Names the principles and procedures of commercial law.
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Level 2 Behaviors
(Light Experience)
Supports the legal teams to provide first-class legal services.
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Level 3 Behaviors
(Moderate Experience)
Works with teams to ensure client contracts with third-party vendors comply with commercial law.
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Level 4 Behaviors
(Extensive Experience)
Reviews commercial content to ensure compliance with relevant laws, policies, and guidelines.
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Level 5 Behaviors
(Mastery)
Monitors new laws and regulations to identify those applicable to commercial compliance.
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Skill definition-Ensuring that the staff is following all policies and procedures in our business.
Level 1 Behaviors
(General Familiarity)
Lists the basic functions and features of the compliance monitoring system.
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Level 2 Behaviors
(Light Experience)
Supports the auditing and monitoring of business activities to ensure compliance with regulations.
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Level 3 Behaviors
(Moderate Experience)
Utilizes advanced tools to monitor potential compliance risks and adherence to the company policy.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities for compliance monitoring to achieve the objectives.
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Level 5 Behaviors
(Mastery)
Promotes the use of a compliance monitoring system to maintain adherence to rules and regulations.
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11 soft skills or competencies (core competencies) for Contracts Administration Manager
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Names our key stakeholders from a business value chain perspective.
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Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
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Level 3 Behaviors
(Moderate Experience)
Participates in the redesign of organizational structures to reflect business priorities.
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Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
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Level 5 Behaviors
(Mastery)
Forecasts the short-term and long-term impact of various business cases on P&L performance.
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Skill definition-The identification, evaluation, and prioritization of various risks, followed by controlling practices to minimize any adverse impact.
Level 1 Behaviors
(General Familiarity)
Understands the practical concepts and processes of risk management.
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Level 2 Behaviors
(Light Experience)
Supports risk owners with management of operational risks, including but not limited to risk assessment, risk control, and risk monitoring.
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Level 3 Behaviors
(Moderate Experience)
Utilizes various analytical tools and techniques to conduct risk management activities.
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Level 4 Behaviors
(Extensive Experience)
Provides risk training for employees on risk categories, identification, quantification, and control.
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Level 5 Behaviors
(Mastery)
Promotes a risk aversion culture to balance and manage risk while conducting business.
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Summary of Contracts Administration Manager skills and competencies
There are 0 hard skills for Contracts Administration Manager.
12 general skills for Contracts Administration Manager, Commercial Law, Compliance Monitoring, Contract Compliance, etc.
11 soft skills for Contracts Administration Manager, Business Acumen, Risk Management, Planning and Organizing, etc.
While the list totals 23 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Contracts Administration Manager, he or she needs to be proficient in Business Acumen, be proficient in Risk Management, and be skilled in Planning and Organizing.