Senior Contracts Manager Salary
Senior Contracts Managers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $102K) surpassing six figures annually. Residence is the biggest factor affecting pay for this group, followed by years of experience. Nearly all report receiving medical and dental coverage from their employers and most collect vision insurance. Job satisfaction is high and work is enjoyable for most Senior Contracts Managers. Women Senior Contracts Managers who took the survey just slightly outnumber men.
Job Description for Senior Contracts Manager
A senior contract manager is responsible for ensuring that all aspects of a contract are completed on time and as promised. They typically serve the primary contact for clients within the company and all vendors, and they are responsible for handling employee issues, questions, and discipline as needed. A senior contract manager must be able to meet multiple deadlines and to juggle multiple projects simultaneously, and they must be able to coordinate between several teams and departments. The individual should also have experience quoting project proposals and accurately proposing and implementing a strict budget. The manager is also responsible for ordering and approving all materials necessary for the completion of all projects. They also oversee the maintenance of all equipment and other assets needed for the completion of any and all contracts.Read More...
The individual must possess a strong work ethic, be a team player, and have a proven ability to manage both people and assets. Extensive industry experience and/or a bachelor's degree in business administration or a related field is generally preferred. Additional certifications in program management and program management proposal are often preferred as well. The senior contract manager should have strong communication skills, and a background in technical writing is preferred.
Senior Contracts Manager Tasks
- Create strategies to reach contract objectives and build network.
- Write, review, administer, update, and report on contracts.
- Manage, negotiate, oversee, and build relationships with vendors and subcontractors.
- Intervene and resolve problems, delays, and evaluation concerns.
Senior Contracts Manager Job Listings
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Popular Skills for Senior Contracts Manager
Senior Contracts Managers usually report a few specific skills. Most notably, skills in Contract Management, Legal Compliance, Contract Negotiation, and Legal Document Review are correlated to pay that is above average. Those listing Legal Document Review as a skill should be prepared for drastically lower pay. Those familiar with Contract Management also tend to know Legal Compliance.
Pay by Experience Level for Senior Contracts Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Senior Contracts Managers, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $87K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $101K. People with 10 to 20 years of experience make an average of about $111K in this role. Senior Contracts Managers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $122K.
Pay Difference by Location
For Senior Contracts Managers, Houston provides a pay rate that is 16 percent greater than the national average. Senior Contracts Managers can also look forward to large paychecks in cities like Chicago (+12 percent), Washington (+12 percent), San Jose (+8 percent), and New York (+6 percent). Falling short of the national average by 17 percent, the area with the worst salaries is Atlanta. Employers also pay below the national average in Phoenix (16 percent lower) and Seattle (13 percent lower).