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)
Cites examples of laws, cases, and legal precedents impacting the business.
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Level 2 Behaviors
(Light Experience)
Assists in drafting legal opinions to analyze commercial law issues.
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Level 3 Behaviors
(Moderate Experience)
Evaluates the shifting legal landscape for applicable laws that impacts commercial agreements.
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Level 4 Behaviors
(Extensive Experience)
Advises the company on all aspects of laws and regulations applicable to commercial payments.
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Level 5 Behaviors
(Mastery)
Builds relationships with internal commercial law team to facilitate contracting process.
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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)
Cites examples of best practices for contract compliance management.
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Level 2 Behaviors
(Light Experience)
Assists in reviewing business contracts to ensure compliance with established corporate guidelines.
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Level 3 Behaviors
(Moderate Experience)
Analyzes new contracts to ensure compliance with requirements, standards, and business interests.
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Level 4 Behaviors
(Extensive Experience)
Develops established policies and procedures to ensure compliance with laws and contracts.
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Level 5 Behaviors
(Mastery)
Builds systems for monitoring contract services to ensure compliance with policies and procedures.
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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)
Describes how our business makes money and our key business objectives.
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Level 2 Behaviors
(Light Experience)
Assists in designing business models and operating plans.
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Level 3 Behaviors
(Moderate Experience)
Applies technical expertise, business sense, and product knowledge to manage the product lifecycle effectively.
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Level 4 Behaviors
(Extensive Experience)
Coordinates technical and business teams to solve complex and diverse customer problems.
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Level 5 Behaviors
(Mastery)
Builds strong business partnerships internally and externally to drive "win-win" business successes.
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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)
Cites critical statistics regarding the industry's size and influence.
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Level 2 Behaviors
(Light Experience)
Documents industry and domain knowledge in appropriate documentation systems.
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Level 3 Behaviors
(Moderate Experience)
Communicates industry and market trends affecting business operations to internal stakeholders.
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Level 4 Behaviors
(Extensive Experience)
Demonstrates intimate knowledge of industry and market trends to provide business insights.
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Level 5 Behaviors
(Mastery)
Establishes organizational policies and processes to seek out and understand industry dynamics.
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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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