Novaspect, Inc.  is currently offering an opportunity for a Contracts Specialist to join our fast paced, customer oriented team in our Schaumburg, IL location.  Novaspect is a growing and progressive company, and seeks an individual with the business acumen and drive to develop and elevate their position. The successful candidate is responsible for supporting a variety of contract-related matters including, at a minimum, reviewing commercial terms and conditions, confidentiality agreements, and making recommendations in accordance with company guidelines, risk tolerance and business objectives.

Contract Specialist Essential Duties and Responsibilities:

• Work with multiple departments to develop, negotiate, and administer clear, concise, and effective contracts with customers, vendors and various business initiatives
• Appreciates the importance of business and sales strategies and seeks to align work efforts with those strategies      
• Ability to work collaboratively with all departments to maximize a win-win outcome which, while meeting business objectives, is practical and executable
• Learn Novaspect’s business model and risk tolerances and apply to work product.
• Drive business and contractual discussions with customers, including follow-up and resolution of outstanding issues
• Work with mid to upper-level customer contacts
• Serve as a resource for helping internal departments (and management) evaluate the meaning and/or impact of terms and conditions
• Working in a contract lifecycle management (CLM) system to initiate, track and archive agreements.
• Maintain consistent best practices approach to contract (pricing and terms) and Agreement terms and approaches 
• Support customers’ certificate of insurance requests
• Review and, as applicable, negotiate Non-Disclosure Agreements with customers and vendors
• Assist in maintaining Novaspect’s standard terms and conditions in accordance with industry best practices
• Work collaboratively with Business Unit Management to negotiate supplier contracts
• Work collaboratively with Emerson Contract Administrators on common terms and conditions negotiations

Contract Specialist Education and/or Experience:

• Bachelor’s degree. Paralegal or contract management certification is a plus. Legal degree welcome. 
• 2+ years’ contracts experience in a business environment 
• Familiarity with data protection regulations and cybersecurity frameworks as they relate to contracts and business operations
• Capability to independently negotiate, draft, interpret, and administer contracts 
• Solid understanding of contractual issues related to risk and reliability 
• Attention to detail 
• Strong business focus (understands the risk versus reward aspect of each engagement)
• Prior experience with companies selling goods and services (knowledge of software service contracts is a plus)
• Excellent interpersonal skills 
• Effective at building long term relationships and collaborating with multiple internal departments

Contract Specialist Pay: 

• Salary Range: $75,000 - $90,000
• 5% Bonus

Contract Specialist Benefits:

Recognized with a Top Employee Benefit Plan Award, below you will find our outstanding total rewards package when you join our team including:

• Generous paid time off; starting at 15 vacation days, 10 holidays, and personal time off
• 401K with 6% company match 
• Employee Stock Ownership Program (ESOP) 
• Excellent health & wellness benefits
• Student debt & tuition reimbursement
• Referral bonus

Contract Specialist Location: Schaumburg, Illinois

Who We Are:

Novaspect, Inc., is an employee-owned company that engineers, sells, and services industrial process controls. Our Core Purpose is to improve our customer’s performance through the innovative application of technology. We are passionate about creating effective processes and building customer relationships. We position ourselves to attract the best talent, and ensure we are delivering local services with proven technologies.