Senior Contracts Administrator Salary
A Senior Contracts Administrator earns an average salary of $79,210 per year. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
|Salary||$60,327 - $103,644|
|Bonus||$1,007 - $11,500|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$59,424 - $106,584|
|Hourly Rate||$14.00 - $41.63|
|Overtime||$28.38 - $68.06|
|Bonus||$1,007 - $11,500|
|Total Pay (||$59,424 - $106,584|
Job Description for Senior Contracts Administrator
Senior contracts administrators are normally responsible for managing all of the contracts for their company. This also includes evaluating bids from contractors, as well as negotiating and awarding a contract to the winner. They also review any claims or issues that arise from the contracts, process and verify requests for payment, and release final payments. Senior contracts administrators are also required to close out contracts and finalize any outstanding issues. Additionally, these professionals may be in charge of supervising and mentoring other contract administrators.Read More...
This is typically a full-time position that takes place in an office setting, with minimal physical requirements beyond sitting at a computer for an extended period of time. There are a wide range of institutions that employ senior contract administrators, including private companies and government agencies.
Most companies prefer a minimum of seven years of relevant experience for senior contracts administrator applicants. An in-depth knowledge of all rules and regulations that could be imposed on company contracts is needed, as is knowledge of the contract management process. A bachelor's degree in business, procurement, operations, or another related field is generally expected. Senior contracts administrators must also have excellent communication, analytical, and problem-solving skills.
Senior Contracts Administrator Tasks
- Draft, edit and verify contracts and their amendments, updating associated schedules.
- Research and document relevant laws, technical needs and other factors.
- Negotiate and update contracts, their rates and their terms with vendors.
- Interpret and explain contracts, their terms and their implications.
- Document terms, data and status of projects in associated systems.
Popular Skills for Senior Contracts Administrator
Pay by Experience Level for Senior Contracts Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
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Key Stats for Senior Contracts Administrator
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