Grants/Contracts Specialist Salary
Grants & Contracts Specialists in the United States can expect to earn an average of $51K per year. Location and tenure each impact pay for this group, with the former having the largest influence. Female Grants & Contracts Specialists make up most of the survey respondents at 73 percent. Job satisfaction is high and work is enjoyable for most Grants & Contracts Specialists. Medical benefits are awarded to almost all, and a large number earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for Grants/Contracts Specialist
Grant/contract specialists are responsible for reviewing and approving contracts and grants on behalf of their organizations. They are tasked with reading complex legal documents to find discrepancies based on company requirements and must follow all project specifications regarding grants. Strong interpersonal skills are important in this position to communicate with other departments, and they must work well in a team environment with other contract specialists to achieve all goals.Read More...
Grant/contract specialists generally work in an office environment and oversee the redacting of legal documents, research contract laws and specifications, and use a personal computer to write contracts, find precedents, and supervise grant specifications. They also collaborate with the legal departments in their organizations to approve funding for applicants based on qualifications, provide grant management, and create reports. They may be responsible for developing strong business relationships with agencies to increase their client bases and negotiate conditions to reach agreements and monitor statuses after contracts have been signed. Grant/contract specialists also provide guidelines for individuals who wish to submit a grant application, respond to inquiries, and multitask to prioritize contract tasks as needed. They must always follow strict local, state, and federal guidelines to respect the legality and confidentiality of these contracts.
A bachelor's degree in contract law or a related field is generally required for this position, and prior experience in a grant or contract capacity is highly beneficial. Industry and legal certifications are also helpful.
Grants/Contracts Specialist Tasks
- Identifies and matches researcher with funding sponsor.
- Assists in preparing a training program for the writers and assistants.
- Maintains contact with key funders to resolve issues and supply progress reports.
- Confers with grant writers and assistants regarding compliance issues.
Grants Specialist Job Listings
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Popular Skills for Grants/Contracts Specialist
Grants & Contracts Specialists seem to require a number of specific skills. Most notably, facility with Contract Negotiation, Contract Management, and Grant Management are correlated to pay that is significantly above average, leading to increases of 21 percent, 11 percent, and 9 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Budget Management. Those with knowledge of Budget Management tend to be skilled in Contract Management as well.
Pay by Experience Level for Grants/Contracts Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $49K on average, people with five to 10 years benefit from a notably larger average of $54K. After working for 10 to 20 years, Grants & Contracts Specialists make a median salary of $58K. Grants & Contracts Specialists who claim more than two decades of experience actually make somewhat smaller average paychecks of $56K.