Contract Analyst in Oakbrook Terrace, IL

  • Title: Contract Analyst
  • Code: RCI-118069-1
  • RequirementID: 122857
  • Location: Oakbrook Terrace, IL 60181
  • Posted Date: 11/20/2024
  • Duration: 24 Months
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  Job Description

Hybrid Role: M/F , Tues-Thur in office (9-3 core hours- flexible on start and end times)

Must have skills:

  • Excel power user, Power BI knowledge, EPC experience, GMP experience preferred but not required.
  • Construction contract experience, Contract reviewal, construction finance experience, Invoicing experience

Does NOT need: Utility experience, IT experience, PMP.

Duties:

  • An EPC (Engineering, Procurement, and Construction) Contract Analyst is responsible for managing and analyzing contracts in projects that involve engineering, procurement, and construction activities.
  • This role is crucial in ensuring compliance, mitigating risks, and optimizing contract performance throughout the project lifecycle.

Responsibilities:

Contract Administration:

  • Review, draft, and negotiate EPC contracts and related documents.
  • Monitor contract performance and compliance with terms and conditions.
  • Maintain organized records of contracts and related correspondence.

Risk Management:

  • Identify, assess, and mitigate risks associated with contract terms and execution.
  • Conduct risk assessments and provide recommendations for contract modifications or enhancements.

Cost Analysis:

  • Analyze contract costs and pricing structures to ensure alignment with project budgets.
  • Prepare cost estimates and financial reports related to contracts.

Collaboration:

  • Work closely with project managers, legal teams, and procurement departments to ensure seamless contract execution.
  • Liaise with vendors, subcontractors, and other stakeholders to address contract-related issues.

Compliance and Reporting:

  • Ensure compliance with industry regulations, company policies, and contractual obligations.
  • Prepare and present reports on contract performance, compliance, and financial metrics to management.

Dispute Resolution:

  • Assist in resolving contract disputes and claims through negotiations and mediation.
  • Document and track changes, amendments, and issues arising during contract execution.

Market Research:

  • Stay updated on industry trends, market conditions, and best practices related to EPC contracts.
  • Conduct benchmarking studies to inform future contract negotiations.

Qualifications:

  • Education: Bachelor’s degree in Business Administration, Construction Management, Engineering, or a related field.
  • A Master’s degree or professional certification (e.g., CCP, PMP) may be preferred.
  • Experience: 3-5 years of experience in contract management, preferably in the EPC sector or related industries.

Skills:

  • Strong analytical and negotiation skills.
  • Proficient in contract management software and Microsoft Office Suite.
  • Excellent communication and interpersonal skills.
  • Attention to detail and strong organizational abilities.
  • Knowledge: Familiarity with construction processes, procurement practices, and relevant laws and regulations (e.g., FIDIC, AIA).

Additional Considerations:

  • Experience in heavy industrial construction with focus on utility and/or oil and gas
  • Ability to work in a fast-paced environment and manage multiple projects simultaneously.
  • Willingness to travel to project sites as necessary.
  • Strong problem-solving skills and the ability to work independently as well as in a team

Skills  

Years of Experience  

How it was used/ What was your responsibility/ Task? Provide 1 to 2 bullet points? 

Contract Administration 

 

 

EPC experience 

 

 

Construction contract experience, Contract reviewal, construction finance experience, Invoicing experience 

 

 

GMP experience 

 

 

Excel power user, Power BI 

 

 



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