Contracts Manager- Procurement
Lefrak Organization
Company Overview Realty Operations Group (ROG) manages one of the largest privately held real estate portfolios in the United States. Our mission is to support business operations with excellence, integrity, and efficiency. As part of this effort, the Procurement Contracts team plays a vital role in ensuring compliant, cost-effective, and value-driven supplier relationships. Position Summary The Procurement Contracts Manager will play a key role in negotiating and administering a wide range of procurement agreements to support ROG's strategic goals. This individual will manage the full lifecycle of contracts-including drafting, execution, renewal, and close-out, while collaborating closely with suppliers and internal stakeholders across departments. This role requires a combination of strong legal acumen, procurement knowledge, and communication skills to ensure effective contract execution and alignment with corporate policies and risk tolerance. Essential Job Functions/Responsibilities:
- Contract Drafting and Negotiation:
- Draft, review, negotiate, and finalize a variety of agreements, including Master Service Agreements (MSAs), Statements of Work (SOWs), Amendments, and Non-Disclosure Agreements (NDAs).
- Ensure contract terms are clear, compliant, and aligned with business goals.
- Handle ad hoc duties and special projects as assigned.
- Contract Administration:
- Oversee contract lifecycle management, from initiation and approval through execution, renewal, and termination.
- Monitor compliance with contractual obligations, deadlines, and deliverables.
- Maintain organized and up-to-date contract records, correspondence, and documentation.
- Legal and Risk Compliance:
- Ensure all contractual activities adhere to applicable laws, regulations, and internal policies.
- Collaborate with Risk Management to confirm appropriate insurance requirements are included and maintained.
- Identify and mitigate contractual risks in collaboration with Legal and Procurement leadership.
- Stakeholder Management :
- Act as a central point of contact for internal teams and external vendors on all contract-related matters.
- Partner with legal counsel, project managers, asset management, construction teams, and other internal stakeholders to resolve contract-related issues efficiently.
- Build and maintain strong relationships with suppliers to support performance and accountability.
- Provide support with contract-related issue resolution, both internally and externally.
- Contract Close-out:
- Oversee the formal close-out of contracts, ensuring all obligations have been met and documentation is complete.
- Facilitate clear communication with stakeholders to ensure projects can move forward without administrative delays.
- Financial and Cost Management:
- Evaluate and analyze contract pricing structures and financial terms.
- Benchmark contract rates and terms against industry standards to support value-driven negotiations and cost containment.
- Bachelor's Degree required; J.D. Required
- Minimum of 8 years of progressively responsible experience in contract negotiation, management, or administration, preferably within the construction and/or real estate asset management sectors.
- Advanced negotiation and contract management skills.
- Strong problem-solving and critical thinking abilities.
- Experience with contract management software and systems (implementation experience a plus).
- Ability to manage multiple priorities and deadlines within a fast-paced environment.
- Proficiency in Microsoft Office Suite, particularly Word and Excel.
- Excellent interpersonal, verbal, and written communication skills.
Vacancy posted 1 day ago
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