Contract Compliance Manager

4 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia Wasco Full time
Job Summary
Wasco is seeking a highly experienced Legal Manager to lead all activities related to contractual, legal, commercial, and insurance issues. As a key member of our team, you will provide expert advice on relevant contracts, in compliance with legislation, professional standards, and corporate guidelines. Your expertise in contract management and tendering activities will be invaluable in ensuring the company's obligations and liabilities are met.

About the Role
The ideal candidate will have a minimum of 10 years' experience in a contract review/commercial capacity in the Oil & Gas, manufacturing, shipping, or construction industry. You will be responsible for reviewing tender instructions, terms, and conditions, ensuring all risk areas are properly addressed. Additionally, you will finalize purchase orders or contracts with customers when tenders are awarded to the company.

Your Key Responsibilities
* Review tender instructions, terms, and conditions to ensure that all risk areas are properly addressed* Finalize purchase orders or contracts with customers when tenders are awarded to the company* Update and maintain a contract review experience database with a view towards knowledge dissemination and formulation of the company's general policy toward specific terms and clauses* Perform geopolitical risks and sanction assessments on every project to identify potential violation of international sanction law* Work together with Finance and supply chain management to review letters of credit to ensure that documentary requirements therein are achievable and that the terms of the letter of credit are consistent with the signed contract/purchase order* Coordinate requirements and applications for bid bonds, performance bonds, advance payment bonds as well as parental company guarantees* Coordinate other administrative bond requirements such as correspondent banks and delivery instructions* Follow up for the purpose of expediting bond issuance* Administer, coordinate & review adhoc agreements such as representative agreement, distributorship agreement, MOU, collaboration/consortium agreements* Ensure that all inherent risks of the company's activities are covered by policies of insurances (except personnel/workmen based policies) and to administer and maintain these insurance policies* Develop an insurance database to monitor, update and assess adequacy/suitability on periodic basis* Other ad hoc assignments such as establishment of joint venture company and winding up of companies in collaboration with Company Secretary* Identify potential business opportunities and develop strategies to capture them

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