Avg. Base Salary (USD)
The average salary for a Contracts Manager is $88,904
What is the Pay by Experience Level for Contracts Managers?
An early career Contracts Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $61,042 based on 6 salaries. A mid-career Contracts Manager with 5-9 years of experience earns an average total compensation of $60,882 based on 5 salaries.
What Do Contracts Managers Do?
Contracts managers can work in a variety of industries, including non-profit and government agencies. They act as the liaisons between companies and clients for contractual matters. Contracts managers can draft, evaluate and execute any type of contract that is negotiated between the business and client, such as short term, formal or annual contracts. They often work with the legal and/or finance department to monitor adherence and potential risks to the business or client.
Contract managers …Read more
- Coordinate design of contract verbiage with other internal departments including Legal, Finance, and Product Development.
- Act as the point of contact for both internal and external customers in regards to contractual issues.
- Draft, negotiate, and implement new contracts, amendments, renewals, and terminations.
- Maintain current contracts by updating demographics, fee schedules, and any service changes.