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 a talented and friendly professional with the business acumen and drive to develop and evolve the company’s contracting enterprise. The successful candidate is a detail-oriented professional 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 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 products, services, business model and risk tolerances and effectively apply these insights into work products
• Drive business and contractual discussions with customers, including follow-up and resolution of outstanding issues
• Proactively engage with customer contacts at all levels, ensuring positive working relations and excellent customer service
• Serve as a resource for helping internal departments (and management) evaluate the meaning and/or impact of terms and conditions
• Be the champion and expert user for Novaspect’s contract lifecycle management (CLM) system
• Use the CLM to initiate, track and archive agreements. Work across the company to encourage wide-spread use of the CLM system and leverage the CLM system for business and process analytics
• Maintain consistent best practices approach to contract (pricing and terms) and agreement terms and approaches
• The candidate will work cross-functionally within the company and with outside partners to address regulatory compliance concerns, insurance issues and domestic entity management
• Support customers’ certificate of insurance requests and field other insurance questions from internal and external stakeholders
• Review and, as applicable, negotiate non-disclosure agreements with customers and vendors
• Work collaboratively with Business Unit Management to effectively and efficiently negotiate supplier contracts
• Work collaboratively with Emerson Contract Administrators on common terms and conditions negotiations

Contract Specialist Education / Experience / Work Focus:

• Completed Bachelor’s degree. Legal degree welcome
• 4+ 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. Able to work well independently as well as in collaborative team environments
• 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 and time management skills
• Effective at building long term relationships and collaborating with multiple internal departments
• Familiarity with Salesforce is a plus
• Experience in working with CLM system is important, familiarity with Evisort is a plus
• Familiarity with federal, state and/or municipal contracting principles is a plus

Contract Specialist Pay:

• Base Range: $75,000 - $95,000
• Bonus: 5%

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 Schedule: Monday - Friday, 8am - 5pm

Contract Specialist Location: Schaumburg, IL

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.