Cognizant hiring Graduates with 3- 7 years experience for Senior Associate – Contract Analyst (10 Openings) at Bengaluru.Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life.
Key Responsibilities of A/SA :
Extract key contractual obligations from the contract document(s) into the Contract Lifecycle Management tool, and work with account teams to agree owners and track compliance.
Help account teams understand the wider contents of their contract through preparation and delivery of awareness briefings (both written and verbal)
Support account teams with reviews of Statements of Work and other contract documents, producing redlines, providing comments and/or facilitating introductions to relevant SMEs as appropriate.
Support account teams with reviews of Change Requests/ Change Orders as previously described. Maintain Change Log. Periodically (as agreed with the relevant account team), produce Conformed Copy of contracts.
Address contractual queries from engagement stakeholders in case of any ambiguity.
Assist account teams with contractual interpretations, clarifying/ resolving queries in a timely manner. This may include facilitating connections with other support teams/ SMEs and/or closer engagement on specific topics when the relevant contractual mechanisms are triggered, (e.g., termination assistance, step in etc.).
Help account teams identify scope creep or other contractual challenges they may face
Work closely with the account teams to ensure the compliance of contractual obligations
Working on contract management platforms.
Support account teams in the preparation of formal contractual notices (e.g., Relief Notice)
Provide ad hoc support as requested by account teams/ legal if disputes arise
Additional Responsibilities of SA :
Serve as an in-house subject matter expert for the account team reviewing, analyzing, and extracting key data points from a wide range of contracts
efficiently complete complex assignments within timelines
Provide Contract Management support to Account teams for the assigned accounts and support ad hoc business requests
Work with business teams to assist with day-to-day contract management support and to understand delivery requirements
Mentor and coach juniors to ensure most effective utilization of resources
Identify contract and commercial risks and issues and propose appropriate mitigation strategies or solutions for leadership approval
Assist in creating/maintaining periodic reports and trackers and engage in various reporting activities within contract
Drive process efficiency to current tasks and seek innovative ways to improve performance of the team
Ability to multi-task, prioritize and work in a fast-paced environment with minimal to no supervision
Point of contact for the account team to spot/address/escalate all subject matter issues.
Documenting quality and leverage use of technologies and analytics in the contract life cycle management
Qualifications (Education, Experience) :
Consistent strong academic performance Academic qualifications to Graduate / Post Graduate level in any subject, although Law, Commerce, Management or Finance would be preferred For Associate grade: Minimum 4 years of relevant experience working with contracts within a law firm, LPO or service provider in the IT or business process sector
For Senior Associate grade 8-10 years of relevant experience working with contracts within a law firm, LPO or service provider in the IT or business process sector.
