Specialist

About KONE

KONE fosters an innovative and collaborative working culture, valuing individual contributions and encouraging engagement through shared ideas and information. Sustainability is integral to KONE's daily operations and culture. The company adheres to ethical business practices, promoting a culture of trust and respect among co-workers, where good performance is recognized. KONE provides diverse experiences and opportunities to support employees in achieving their career and personal goals, promoting a healthy and balanced life. KONE offers fair and competitive pay that acknowledges performance and supports employee engagement, encompassing a comprehensive total rewards package with both financial and non-financial benefits. KONE is committed to cultivating a culture of fairness, respect, equity, diversity, and inclusion.

The Role of Contract Specialist

KONE is seeking a Contract Specialist to join the team in Riyadh. This full-time position is suitable for candidates with 0-1 years of experience. The Contract Specialist ensures that sub-contracts align with KONE’s guidelines and policies, supports project management in execution planning, and monitors contractual compliance throughout project terms. This role involves managing contractual obligations, identifying potential claims, and supporting the conversion of opportunities into profitable variation orders.

Key Responsibilities

• Ensure sub-contracts comply with KONE’s contract guidelines and policies.
• Support the Project Manager and team in preparing Project Execution Plans and maintaining defined control processes.
• Understand the scope and terms of main contracts and sub-contracts, including KONE’s obligations to customers and subcontractors’ obligations to KONE.
• Monitor KONE’s compliance with contractual obligations throughout the contract term.
• Monitor potential claims by reporting harmful matters, maintaining records of variations and extension of time events, and managing a filing system for contractual and financial documentation, including contra charges.
• Support the Project Manager and team in converting opportunities into profitable Variation Orders.
• Ensure timely payments to and by KONE, and timely notifications to third parties.
• Monitor cost control and client change control processes.
• Maintain project forecast costs, revenue, and profitability using SAP and business reporting tools.
• Provide monthly reports, including liability statements and cost/value reconciliations.
• Lead and coordinate project final account discussions with customers.
• Resolve or assist Legal in resolving contract disputes between KONE and customers or subcontractors.
• Follow changes in laws and regulations and advise on their impact on projects.

Experience and Qualifications

Candidates for the Contract Specialist position should possess 0-1 years of relevant experience. A strong understanding of contract guidelines, project execution, and financial monitoring is essential. Proficiency in using SAP and business reporting tools is required for maintaining project financial data.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role involves working closely with Project Managers and various teams, contributing to a collaborative and ethically driven work environment.

Application Process

Interested candidates are encouraged to apply to join KONE and contribute to a culture that values individual contributions and professional growth.