Skills & Competencies for Top Contracts Executive

Top Contracts Executive job profile

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JOB SUMMARY for Top Contracts Executive

Directs and develops an organization's contracts administration function.

JOB RESPONSIBILITIES for Top Contracts Executive

Collaborates with legal team to ensure the preparation of proposals, negotiation processes, and contract administration follow company policies and adhere to legal requirements. Directs the development of policies and processes that govern the contract administration staff and provide guidance on contract terms and the assessment of contract proposals. Utilizes expert knowledge of the contract life cycle, types of contracts, and applicable government regulations to lead and develop strategies for negotiation of complex or high-value contracts to meet business objectives.

Top Contracts Executive SALARY RANGE

BASE 50%
$250,056
TOTAL 50%
$299,374
Job Level
M05
Job Code
EX05000108
Education/Degree
Bachelor's Degree
Reports To
Senior Management

Top Contracts Executive Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Top Contracts Executive skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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10 general skills or competencies (Job family competencies) for Top Contracts Executive

1 Job Family Competencies – Commercial Law
Proficiency Level -3
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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2 Job Family Competencies – Contract Compliance
Proficiency Level -3
Skill definition-Ability to comply with regulations and performance of obligations within the agreement.
Level 1 Behaviors
(General Familiarity)
Documents the contract terms and conditions required for proper compliance.
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Level 2 Behaviors
(Light Experience)
Conducts contract audits to aid the management in determining the source of non-compliance issues.
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Level 3 Behaviors
(Moderate Experience)
Coordinates contract and subcontract requirements with all departments to ensure compliance.
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Level 4 Behaviors
(Extensive Experience)
Manages contractual obligations to ensure compliance with agreed terms and conditions.
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Level 5 Behaviors
(Mastery)
Designs and develops various compliance contracts throughout your organization.
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3 Top Contracts Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Contracts Executive
Proficiency Level - 4
5 Competency for - Top Contracts Executive
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Top Contracts Executive

1 Core Competencies – Business Acumen
Proficiency Level -3
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)
Discusses the strengths and weaknesses of our products and services.
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Level 2 Behaviors
(Light Experience)
Explains advantages and disadvantages of different organizational structures from an efficiency perspective.
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Level 3 Behaviors
(Moderate Experience)
Demonstrates an innate sense of how to achieve positive results in the current environment.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and explains the financial aspects of a business initiative to different teams.
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Level 5 Behaviors
(Mastery)
Conceptualizes new and creative business initiatives to boost business growth.
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2 Core Competencies – Industry Knowledge
Proficiency Level -3
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)
Explains the industry's essential products and services.
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Level 2 Behaviors
(Light Experience)
Follows and respects the industry standards and regulations.
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Level 3 Behaviors
(Moderate Experience)
Implements and troubleshoots the industry-specific technical tools and systems.
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Level 4 Behaviors
(Extensive Experience)
Educates others to enhance product and industry-specific knowledge across our business.
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Level 5 Behaviors
(Mastery)
Keeps apprised of industry trends and applies the expertise to business strategy.
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3 Top Contracts Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Contracts Executive
Proficiency Level - 4
5 Competency for - Top Contracts Executive
Proficiency Level - 5

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.

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