In a previous role, I was reviewing a contract for a major client that involved a complex payment structure. I noticed that the payment terms were misaligned with our standard practices, which could have resulted in delayed payments and potential cash flow issues. I immediately flagged this to the legal team and we negotiated revised terms that aligned with our financial goals, preventing a potential loss of several hundred thousand dollars.

I prioritize tasks based on the urgency and potential impact of each contract. For instance, contracts that involve significant financial transactions or have tight deadlines are given higher priority. I also use a ticketing system to track the status of each review, ensuring that no critical contract is overlooked. This method helps me manage my time efficiently and meet all deadlines.

I ensure compliance by staying updated on relevant legal and regulatory changes. I also collaborate closely with the legal department to understand the specific requirements for each contract type. During the review process, I cross-reference the contract terms with our internal compliance guidelines and seek clarification from legal experts if any terms appear ambiguous. This proactive approach helps mitigate risks and ensures that all contracts are compliant.

I handle conflicts by maintaining a professional and collaborative approach. I first seek to understand the other party's perspective and identify common ground. If disagreements persist, I escalate the issue to the appropriate stakeholders for further discussion. I also document all communications and decisions made during the negotiation process to ensure transparency and accountability.

I communicate the outcomes of my reviews in a clear and concise manner, avoiding legal jargon whenever possible. I prepare detailed summaries that highlight the key terms, risks, and recommendations. I also conduct briefings or presentations to ensure that all stakeholders understand the implications of the contract. This approach helps in making informed decisions and ensures that everyone is on the same page.