10 general skills or competencies (Job family competencies) for Top Contracts Executive
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)
Identifies the legal requirements of commercial contract law.
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Level 2 Behaviors
(Light Experience)
Supports the law department in the litigation of legal matters related to commercial transactions.
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Level 3 Behaviors
(Moderate Experience)
Participates in discussions regarding commercial law in your organization to make improvements.
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Level 4 Behaviors
(Extensive Experience)
Provides legal advice on current and emerging laws related to various commercial matters.
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Level 5 Behaviors
(Mastery)
Establishes policies and procedures to ensure compliance with commercial law.
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Skill definition-Ability to comply with regulations and performance of obligations within the agreement.
Level 1 Behaviors
(General Familiarity)
Explains the importance of understanding agreement terms and conditions in contract compliance.
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Level 2 Behaviors
(Light Experience)
Reports issues to management during the monitoring of contract compliance.
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Level 3 Behaviors
(Moderate Experience)
Participates in defining the terms of contract agreements to ensure compliance.
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Level 4 Behaviors
(Extensive Experience)
Monitors contract compliance to determine the necessity for amendments or extensions of contracts.
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Level 5 Behaviors
(Mastery)
Establishes policies and procedures to ensure compliance with contract agreements.
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11 soft skills or competencies (core competencies) for Top Contracts Executive
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)
Explains our key business strategies and priorities.
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Level 2 Behaviors
(Light Experience)
Reports and communicates market and competitor status regularly to the management team.
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Level 3 Behaviors
(Moderate Experience)
Implements effective marketing strategies that achieve improved business outcomes.
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Level 4 Behaviors
(Extensive Experience)
Optimizes business processes based on deep insight into various business unit functions.
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Level 5 Behaviors
(Mastery)
Evaluates industry and market trends to identify new business opportunities.
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Skill definition-Demonstrating thorough knowledge of the industry's value chain, business, issues, trends, etc., and the ability to apply them appropriately.
Level 1 Behaviors
(General Familiarity)
Lists the industry's key players and leading companies.
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Level 2 Behaviors
(Light Experience)
Identifies internal and external resources that can provide additional industry knowledge.
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Level 3 Behaviors
(Moderate Experience)
Provides industry knowledge and expertise to maximize departmental efficiency and performance.
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Level 4 Behaviors
(Extensive Experience)
Raises peers' awareness of changes in industry environment and practices.
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Level 5 Behaviors
(Mastery)
Monitors industry changes and communicates impacts to the management team.
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Summary of Top Contracts Executive skills and competencies
There are 0 hard skills for Top Contracts Executive.
10 general skills for Top Contracts Executive, Commercial Law, Contract Compliance, Contract Management, etc.
11 soft skills for Top Contracts Executive, Business Acumen, Industry Knowledge, Risk Management, etc.
While the list totals 21 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 Top Contracts Executive, he or she needs to be skilled in Business Acumen, be skilled in Industry Knowledge, and be skilled in Risk Management.