Commercial Contracts Specialist

About the role

This position will be responsible for reviewing and drafting commercial and government contracts to ensure they meet legal requirements and align with Company's policies and commercial objectives. The Commercial Contracts Specialist will report to the Contracts Manager, who has oversight for contract preparation and negotiations throughout the Company. The Commercial Contracts Specialist will have discretion in dealing with internal employees, including business unit management, and the Company's clients and vendors in the drafting, review, and administration of contracts. The Commercial Contracts Specialist will also work closely with the General Counsel and/or Assistant General Counsel. DUTIES & RESPONSIBILITIES Perform contract review and drafting, preparing comprehensive contracts for various business needs, subject to final approval by the Contracts Manager and/or the Assistant General Counsel. Ensure contract terms comply with applicable laws and regulations and Company policies and commercial objectives. Exercise commercially reasonable judgment and discretion in performing contract review and drafting. Develop and maintain standard contract templates common to the oil and gas industry, particularly oil field services, to facilitate execution while providing customary legal protections for the Company. Communicate with internal clients, including business unit management, and/or contracts administrators at the Company's clients and vendors to negotiate favorable contract terms. Address and resolve disputes or disagreements with contract counterparties during negotiations. Provide advice, recommendations and interpretation of contract terms, legal obligations, and risk exposure to business unit management, with advisement from the Contracts Manager and/or Assistant General Counsel. Work with business unit leaders to develop strategies for minimizing contractual risk. Prioritize contracts and regularly communicate with the Contracts Manager regarding status of contracts under review leading to final execution. Collect, catalog, and manage all contracts between the Company's business units and their clients. Maintain contract management processes and tools to track status of contract review and allow for efficient retrieval of documents. Assist in developing and administering the Company's contract management system (CLM tool), including maintaining accurate metadata, version control, signed-document repository, and audit trail. Support claims, change orders, and contract dispute resolution under the supervision of the Contracts Manager and/or Assistant General Counsel. Prepares contract abstracts, status reports, and key performance indicators for management on contract turnaround time, risk flags, and amendment activity. Responsible for other duties as may be assigned.