Contracts Administrator Job Description

Contracts Administrator Job Profile and Description

The job of a contract administrator basically and actually related to the contractual breaches as the name sounds. They have to do the task to ensure the contacts that have been cleared by the legal department and executed with eternal parties are enforced to the letter. They work for the companies that have a wide exposure with 3rd party businesses covered with contracted deals. A team of Contracts Administrators employs the companies who are typically working in legal or commercial relations departments. They are often the first persons management refers to in cases of allege contractual breaches. Based on their recommendations, the legal department steps in to affect an amicable or legal solution.

Contracts Administrator Duties and Responsibilities

A contract administrator has to do a lot of works and has a number of duties and responsibilities but some of these are following:

A contract administrator has to review the current contracts of the companies that are subject to possible legal question before a civil court so first of all has to study it.
He or she will have to recommend the revision of contracts which are based on changes in business, government regulations, environmental laws or financial situations anyhow.
He or she also has to take care about the contracts so has to provide the suggestions and recommendations on contract renewals, modifications and cancellations and many more on time to time.
As it is the duty related to the legal work so has to coordinate with the legal department on propriety of corporate responses to issues arising from contractual obligations and try to solve them.
He or she will have to be careful and always alert about the work so it is also the duty to provide the alerts to concerned departments in their contracts for compliance requirements on either side

Contracts Administrator Skills and Specifications

The candidate desiring for the job should have following skills and specifications:

The most important requirement is the candidate should have the strong knowledge of legal formalities and rules and regulations as well as in legal statutes government obligations and contracts.
The candidate should have the strong and excellent skills of interpersonal, diplomatic and negotiation as it is the requirement.
The candidate must have strong communication skills both written and verbal.
The candidate should have excellent computer literacy with the new and modern techniques with strong command of Spreadsheets.

Contracts Administrator Education and Qualifications

Basic degree: the candidate should at least have a BS pre-law degree is basic but some companies, depending on the nature of their business, may require full law degrees.
Candidate having an MBA degree is an advantage to him or her.
Candidate having the previous experience in a similar contracts administration role is preferred for the job.

Contracts Administrator Salary

The salary of a Contracts Administrator or Manager depends upon the business or industry, the value or nature of contracts, and the state.
In general, though, the median annual salary in 2008 was $73,500 with the middle 50% spread earning between $52,200 and $90,000.
The highest 10% received about $129,800 while the lowest 10% got around $37,400. Private management companies provided the highest median at $85,000 while the state offered the lowest at a median of $65,700
It also depends up on the working experience.