What does a Contracts Manager do?

Contract Administrators develop, negotiate and evaluate company contracts on behalf of an organization. They are charged with ensuring that both parties are complicit with the terms of the contract, as well as ensuring that all contracts abide by local and federal laws. Contract Administrators may work in a variety of different industries and typically begin their careers as a Contract Specialist before working their way up to Contract Administrator or Contract Manager.

Contract Administrators typically hold a bachelor's degree in Finance, Accounting or Law, though an MBA is often preferred. Overall, the most successful Contract Administrators have a strong knowledge of business financial best practices, an understanding of contract law, and possess a strong attention to detail. They must also be skilled communicators and have excellent negotiation skills.

  • Develop contract proposals to support organizational goals
  • Review contract estimates, including proposed materials, production costs, etc and determine whether they seem reasonable and accurate
  • Ensure that all records are accurate and up to date
  • Write contract letters and other communications and notices
  • Negotiate and approve contract terms while ensuring that projects remain within the established budget
  • Attend meetings to assess progress on projects which are in motion, and take detailed notes to share with stakeholders
  • Create regular status reports regarding progress on projects
  • Analyze contracts to ensure they comply with state and federal laws and regulations
  • 3+ years prior experience in a contract administration role or a related field
  • Exemplifies knowledge of contract law, accounting principles and finance
  • Has strong negotiation and mediation skills
  • Possesses superior attention to detail in order to spot inconsistencies in contracts
  • Has previous experience in customer service and strong communication skills
  • Able to work productively independently and as part of a team
  • Must have excellent analytical thinking skills and problem solving abilities
  • Previous experience as a project manager, or coordinating large projects is an asset
  • Should exhibit strong organizational and time management abilities
EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.4 ★
Avg. Experience2-4 years

Contracts Manager Salaries

Average Base Pay

₹13,29,633 /yr
Same as national average
Not including cash compensation
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₹5L
Median: ₹13L
₹22L
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Glassdoor Estimated Salary

Contracts Manager Career Path

Learn how to become a Contracts Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L3
Contract Manager
₹13,29,633/yr
L4
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Contracts Manager Insights

Read what Contracts Manager professionals have to say about their job experiences and view top companies for this career.
BTBT
Contract Manager
10 Aug 2021

“BT do a great job of training up junior employees and you get real responsibility from day one.”

Risk Management SolutionsRisk Management Solutions
Contract Administrator III
18 Jan 2020

“Good Work life balance: If you want to enjoy and be in your comfort zone this is your organisation.”

DBS BankDBS Bank
Contract
23 Feb 2020

“Some employee worked for many years >5 years but are not converted to permanent role.”

SNC-LavalinSNC-Lavalin
SubContractor Specialist
17 Oct 2019

“Management knew my worth but could not match my growing work responsibilities with my title.”

R.D. Jones & AssociatesR.D. Jones & Associates
Contract Administrator
2 Mar 2020

“I consider myself to have a pretty great work/life balance and I do not really feel like that is encroached upon.”

R.D. Jones & AssociatesR.D. Jones & Associates
Contract Administrator
2 Mar 2020

“You definitely cannot get bored and coworkers are fun and nice.”

Shapoorji PallonjiShapoorji Pallonji
Contracts Administrator
5 Oct 2020

“very conducive to start your career and a good training experience.”

Sitics Logistic SolutionsSitics Logistic Solutions
Contract Staff
27 Dec 2020

“Salary pending.. irresponsible and irresponsive .”

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Contracts Manager Interviews

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Contracts Manager jobs