Contract Coordinator Salary
Earnings for Contract Coordinators in the United States come in at around $18.41 per hour on average. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Men are in the minority of survey respondents, with female Contract Coordinators making up 74 percent. Medical benefits are awarded to most, and a large number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Contract Coordinator
Contract coordinators are in charge of organizational procedures related to planning, scheduling, and contracting duties for their company. They handle administrative tasks, as well as respond to internal and external correspondence following established company procedures. These coordinators must follow strict privacy policies in their duties, as they handle confidential materials on a regular basis. They monitor contract milestones and other billing activities to create detailed reports for portfolio records at specified time intervals.Read More...
One of the contract coordinator's main responsibilities includes scheduling conferences, meetings, and appointments. They research transactional history, provide supply chain support, and participate in project management duties such as process improvement and training sessions. Contract coordinators also manage transactional aspects of the orders and invoicing department. They use a personal computer as one of their main tools to coordinate key tasks among staff members and report their progress to the contract supervisor in their department.
A high school diploma or equivalent is generally required for this job. In addition, previous experience in a similar position may be preferred. Contract coordinators should be proficient with basic computer software such as word processing and spreadsheet applications. They must possess strong analytical skills, be organized, and pay strong attention to detail. They should work well with other coordinators to reach all organizational goals, as well as on their own with minimal supervision.
Contract Coordinator Tasks
- Manage existing contracts, ensuring that money, services and goods are received on time.
- Modify, update, and maintain contracts and associated documentation, processing, and communicating changes.
- Participate in ordering, data control, and collection of metrics.
- Produce quotes and estimates for potential new contracts.
Contract Coordinator Job Listings
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Popular Skills for Contract Coordinator
Job skills reported by Contract Coordinators are limited. Those who have experience with Contract Negotiation, Contract Management, and Microsoft Excel can expect to be compensated well for these skills. Skills that pay less than market rate include Microsoft Excel. For most people, competency in Contract Management indicates knowledge of Microsoft Excel.
Pay by Experience Level for Contract Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. Average salaries for inexperienced employees average out to around $42K, but folks who have five to 10 years of experience earn a higher median of $46K. Contract Coordinators claiming one to two decades of experience make an estimated median of $47K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $54K, demonstrating that compensation is roughly commensurate with experience in the end.