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Contract Risk Jobs in Connecticut (NOW HIRING)

Review contract documents and Change Orders. Produce contracts that limit client exposure to financial risk and external claims. Ensure the enforceability of contract provisions. Ensure that ...

Contracts Administrator

Storrs, CT · On-site

$60.50K - $76.63K/yr

Review contract documents and Change Orders. Produce contracts that limit client exposure to financial risk and external claims. Ensure the enforceability of contract provisions. Ensure that ...

... after risk events around the world. Our mission is to continue to be a financially stable and ... The Contract Wording Specialist will analyze a wide range of U.S. and International reinsurance ...

Manager of Contracts

Oxford, CT · On-site

$87.90K - $117.50K/yr

Monitor contract performance metrics, milestones, renewals, and change orders. * Identify opportunities to improve contractual processes, risk mitigation procedures, and cross-functional ...

Manager of Contracts

Oxford, CT · On-site

$87.90K - $117.50K/yr

Monitor contract performance metrics, milestones, renewals, and change orders. * Identify opportunities to improve contractual processes, risk mitigation procedures, and cross-functional ...

Contracts Manager

Enfield, CT · On-site

$90.30K - $120.70K/yr

... and risk mitigation under the supervision of the Associate General Counsel. The ideal candidate will have strong experience in contract administration within the construction or infrastructure ...

We are looking for a Finance and Risk Analyst to support treasury and risk-related activities for a ... This Contract position focuses on analyzing insurance exposure, reviewing claims and loss trends ...

Contracts Performance Manager

Bristol, CT

$89.10K - $119.20K/yr

Strong OEM negotiation & risk management skills. Experienced in negotiating terms that reduce legal/financial exposure while maintaining customer relationships. Knowledge of contract law, liability ...

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Showing results 1-20

Contract Risk information

What are the key skills and qualifications needed to thrive as a Contract Risk professional, and why are they important?

To thrive as a Contract Risk professional, you need strong knowledge of contract law, risk assessment, and compliance, usually supported by a degree in law, business, or a related field. Familiarity with contract management software, risk analysis tools, and regulatory frameworks is essential. Exceptional attention to detail, negotiation skills, and the ability to communicate complex concepts clearly are vital soft skills. These competencies help ensure that organizations identify, mitigate, and manage contractual risks effectively, protecting their interests and maintaining regulatory compliance.

What are some common challenges faced by professionals in Contract Risk roles, and how can they be addressed?

Professionals in Contract Risk roles often encounter challenges such as navigating ambiguous contract language, managing tight deadlines for risk assessments, and ensuring coordination between legal, compliance, and business teams. Addressing these challenges typically involves developing strong communication skills, utilizing risk management tools, and staying updated on regulatory changes. Building collaborative relationships across departments and participating in ongoing training can also help contract risk professionals effectively mitigate risks and add value to their organizations.

What is contract risk?

Contract risk refers to the potential for financial loss, legal exposure, or operational issues arising from the terms, execution, or management of contracts between parties. This can include risks such as non-performance, ambiguous clauses, regulatory non-compliance, and disputes over contract obligations. Identifying and managing contract risk is essential for organizations to safeguard their interests and ensure smooth business operations. Contract risk professionals assess agreements for potential pitfalls and develop strategies to minimize or mitigate these risks.

What is the difference between Contract Risk vs Contract Administrator?

AspectContract RiskContract Administrator
Primary FocusIdentifying and mitigating contractual risksManaging contract documentation and execution
Required CredentialsLegal or risk management background, certifications in risk managementLegal, administrative, or contract management experience
Work EnvironmentRisk departments, legal teams, project managementContract departments, procurement, project teams

Contract Risk professionals focus on analyzing and reducing contractual risks before and during contract execution, often working closely with legal and risk management teams. Contract Administrators handle the day-to-day management of contracts, ensuring compliance, documentation, and timely execution. While both roles require understanding contracts, Contract Risk emphasizes risk mitigation strategies, whereas Contract Administrators focus on contract administration and operational tasks.

What are the most commonly searched types of Risk jobs in Connecticut? The most popular types of Risk jobs in Connecticut are:
Contracts Administrator

$60.50K - $76.63K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 14 days ago


Job description

At Cumming Group, you will work on some of the world's most exciting projects in a dynamic environment where your success is measured by the impact you make. We are one of the fastest-growing project and cost management consultancies in the United States, as reflected in our top 10 rankings in ENR. With over 60 offices globally, an extremely diverse project portfolio, and double-digit year-over-year revenue growth, the opportunities to make your mark are limitless!

We are currently looking for a Contracts Administrator to join our team. This position will be based on a site in Storrs, CT. This is a great opportunity to join our team!

Responsibilities:

  • Review and process contract documents including contracts, purchase orders and change orders.

  • Review contract documents and Change Orders. Produce contracts that limit client exposure to financial risk and external claims. Ensure the enforceability of contract provisions. Ensure that contracts are executed by client signatory with proper authority.

  • Determine appropriate contract type and other conditions of the contract to protect the client from unnecessary liability or exposure to risk. Ensuring that contracts are in compliance with Federal, State, and local laws and ordinances, and client policies.

  • Accurately reflect in the contract the unique set of requirements and circumstances for each project as provided by the Project Managers. Review and ensure insurance documentation for construction and consultant contracts for compliance with contractual terms.

  • Identify and resolve possible conflicts between the contract request and standard contracts, terms and conditions, regulations, or written client policies and procedures or other documents.

  • Administer internal procedures related to vendor selection, bidding and contracting that are consistent with client wide policies.

  • Preparation of procurement documents such as Request for Qualifications, Request for Proposals and Request for Bids.

  • Ability to analyze and review Qualifications/Proposals/Bids and provide advice and recommendations to the client.

  • Ability to analyze and negotiate contract requirements and terms and conditions to ensure compliance with client's requirements, corporate policies, appropriate laws and regulations.

  • Timely review of all contracts, change orders, modifications and amendments.

  • Ensure that all contract changes are recorded and communicated with the appropriate staff.

  • Implement and maintain contract tracking processes and policies.

Qualifications:

  • Bachelor's Degree is required. A combination of education and work experience will also be considered in lieu of degree.

  • Minimum of 5year of experience as a Contracts Administrator within the AEC industry.

  • Experience drafting RFQ/RFPs; and onboarding design firms, general contractors, construction managers and other third-party vendors.

  • Experience in drafting, negotiating, and finalizing Contracts for design and construction.

  • Knowledgeable of standard contract terms and conditions.

  • Proficient with Microsoft Excel, Word, and Adobe Acrobat.

  • Demonstrate a reliable, responsive and positive work ethic with the highest degree of integrity.

  • Must be detail-oriented and organized.

  • Must be a fast learner and logical thinker.

  • Must be focused on quality and accuracy.

  • Excellent communications skills, both written and verbal.

  • Ability to accurately track and report status when managing concurrently running projects.

#LI-PJ1

Cumming Group is committed to providing Equal Employment Opportunity in its personnel policies and practices. It is Cumming Group's policy to recruit, hire, train and promote Team Members and applicants for employment without regard to race, color, creed, religion, age, sex, marital status, registered domestic partner status, genetic information, sexual preference, sexual orientation, gender (including gender expression and gender identity), pregnancy (including childbirth or related medical conditions, including breastfeeding), military service, national origin, ancestry, citizenship, physical disability, mental disability, veteran status or any other protected classification under federal, state, or local law. All such decisions are based on (1) individual merit, qualifications, and competence as they relate to the particular position, and (2) promotion of the principle of equal employment opportunity.

All other terms and conditions of employment, such as compensation, benefits, transfers, layoff, return from layoff, training, education, and social and recreational programs, are administered without regard to the characteristics described above. To this end, Cumming Group complies with all provisions of Title VII of the Civil Rights Act of 1964 as amended, all of the rules, regulations and relevant orders of the Secretary of Labor, and all similar state and local laws.

The salary range for this full-time role is $60,500.00-$76,633.34 per year. Ranges are determined based on the position, geography, client and industry experience and level, and represent a good faith effort to provide a fair and equitable salary. This range reflects base salary only, and not the total compensation package. Cumming Group reserves the right to pay more or less than the posted range, depending on a candidate's experience, skills, and qualifications, including client requirements.

In addition to base salary, Cumming Group offers a comprehensive benefits package including:

  • Medical
  • Dental Insurance
  • Vision Insurance
  • 401(k)
  • 401(k) Matching
  • Paid Time Off
  • Paid Holidays
  • Short and long-term disability
  • Employee Assistance Program