Senior Contracts Manager Salary
Generous salaries abound for Senior Contracts Managers in the United States, with average pay above six figures ($104K) per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Job satisfaction is high and work is enjoyable for most Senior Contracts Managers. Medical and dental coverage is claimed by a large number, and a fair number earn vision coverage.
|Salary||$72,290 - $137,374|
|Bonus||$2,903 - $19,794|
|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).)
|$71,292 - $143,592|
|Hourly Rate||$19.58 - $61.15|
|Bonus||$2,903 - $19,794|
|Total Pay (||$71,292 - $143,592|
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.
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Senior Contracts Manager Tasks
- Manage, negotiate, oversee, and build relationships with vendors and subcontractors.
- Intervene and resolve problems, delays, and evaluation concerns.
- Create strategies to reach contract objectives and build network.
- Write, review, administer, update, and report on contracts.
Senior Contracts Manager Job Listings
Popular Skills for Senior Contracts Manager
Senior Contracts Managers typically list a handful of skills they use on the job. Most notably, skills in Legal Compliance, Contract Management, Contract Negotiation, and Legal Document Review are correlated to pay that is above average. Legal Document Review, on the other hand, is typically associated with much lower pay. For most people, competency in Contract Management indicates knowledge of Legal Compliance.
Pay by Experience Level for Senior Contracts Manager
Pay by Experience for a Senior Contracts Manager has a positive trend. An entry-level Senior Contracts Manager with less than 5 years of experience can expect to earn an average total compensation of $86,000 based on 66 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Contracts Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $100,000 based on 142 salaries. An experienced Senior Contracts Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $111,000 based on 223 salaries. A Senior Contracts Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $123,000 based on 96 salaries.
Pay Difference by Location
Washington is home to an above-average pay rate for Senior Contracts Managers, 19 percent higher than the national average. Senior Contracts Managers will also find cushy salaries in Houston (+14 percent), San Diego (+11 percent), San Jose (+8 percent), and San Francisco (+7 percent). Falling short of the national average by 16 percent, the area with the worst salaries is Phoenix. Employers pay around 12 percent less in Rockville and 11 percent less in Seattle, below-median salaries for those in this field.
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Key Stats for Senior Contracts Manager
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