Specialist IT Contract & Vendor Management
LANXESS
Location Thane
Business Unit/Group Function Information Technology
Work Arrangement Onsite
Level of Experience Intermediate
Employee Type Regular
Salary Grade Non Managerial
Job Highlights
The role supports effective contract and financial management of global engagements, focusing on governance, compliance, commercial transparency, and stakeholder alignment.
It includes selected project management tasks, coordinating contract- and vendor-related initiatives on timelines, risks, deliverables, and communication.
The role enhances financial transparency and promotes adherence to contractual obligations.
It supports strategic decisions and sustainable vendor and service governance in line with LANXESS policies and business goals.
Compliance Monitoring
Support monitoring of LANXESS and provider contractual compliance with global stakeholders to ensure terms, conditions, and SLAs are consistently met.
Deliverable Oversight
Support tracking and verification of timely, accurate delivery of provider obligations; work with contract manager and stakeholders to address deviations and delays.
Contract Lifecycle Management
Support end-to-end contract lifecycle (initiation, execution, changes, renewal, closure), ensuring milestone visibility, timely follow-up, and coordination across global teams.
Change Control and Authorization
Support evaluation and coordination of contract changes and extensions within approval limits, ensuring proper documentation, governance alignment, and transparent communication.
Performance Tracking
Support monitoring of provider performance against deliverables, benchmarks, and KPIs; work with stakeholders to address gaps, quality issues, and improvements.
Benchmarking and Value Assurance
Support benchmarking to assess cost-effectiveness and service value, using results to inform decisions on optimization, pricing, and scope.
Issue Management and Escalation
Support identification, assessment, and escalation of issues in contract execution or service delivery, coordinating resolutions to maintain continuity and compliance.
Governance and Documentation
Maintain accurate governance documentation (contracts, amendments, policies, correspondence) and promote adherence to governance and documentation standards.
Budget Management
Support AGREEMENT budget planning and control, aligning with business plans and service needs, ensuring realistic costs and financial transparency.
Savings Monitoring
Monitor AGREEMENT savings targets, flag early deviations, and support corrective actions with service owners and providers.
Financial Analysis of Initiatives
Assess PROVIDER initiatives by reviewing business cases, validating ROI, and highlighting key financial risks and dependencies.
Charges Review
Support monthly review and validation of PROVIDER invoices and CHARGES, ensuring accuracy and resolving discrepancies with internal teams and the PROVIDER.
Protect Against Cost Shifts
Help prevent improper shifting of PROVIDER obligations to LANXESS as Customer Retained or Pass-Through Expenses and raise transparency on risks.
Variance Analysis
Analyze gaps between forecast and actuals, identify drivers and root causes, and support forecast updates.
Chargeback Management
Support chargeback process design and upkeep for fair internal cost allocation, ensuring timely, transparent, well-documented chargebacks.
Experience / Skills
- Specific Education Any engg
- Work Experience 10+
- Special Skills Contract & Financial Administration, Project Management,Risk, Governance & Compliance, Stakeholder Coordination
If the chemistry is right, we can make a difference at LANXESS speed up sports, make beverages last longer, add more color to leisure time and much more.
As a leading specialty chemicals group, we develop and produce chemical intermediates, additives, specialty chemicals and high-tech plastics. With more than 13,000 employees. Be part of it!
What We Offer
- Compensation We offer competitive compensation packages, inclusive of a global bonus program and an individual performance bonus program.
- Comprehensive Benefits We provide a mixture of various benefits to support your financial security, health and wellbeing including retirement plans, health programs, life insurance and medical care.
- Work-Life & Flexibility We support you in maintaining a balance between working hours and personal life. With our global “Xwork” program, we offer flexible working arrangements in all countries in which we operate.
- Training & Development We are committed to your professional and personal development and encourage you in the ongoing pursuit of education, training and knowledge through both formal and informal learning.
- Diversity For us, talent matters, we welcome everyone who commits to our values. We strongly believe that including diverse perspectives makes us more innovative and enhances our competitiveness. Therefore, we embrace the uniqueness of every single individual and are truly committed to supporting our people in developing their individual potential.