What does a Contract Administrator do?
A Contract Administrator is employed to execute and manage contracts on behalf of a company. They not only draft and review contracts, but also oversee a range of legal agreements. Contract Administrators write order forms, sales agreements and non-disclosure agreements (NDAs). Contract Administrators ensure that parties adhere to terms, regulatory requirements and company policies.
Contract Administrators explain contract terms to parties and effect the necessary changes to original contract documents. They build or maintain contracting tools and processes, including a contract’s management system. Sometimes, they improve and streamline a company’s contracting process so it becomes more efficient. Under the supervision of Senior Contract Officers, the Contract Administrator oversees, reconciles and approves invoices. Contract Administrators work with legal, business and communications teams.
Contract Administrator skills and qualifications
A Contract Administrator must demonstrate strong analytical skills to measure risks and rewards. They should have the ability to analyse contracts with the intent of minimising costs and liabilities and must work to maximise profits while complying with laws. A successful Contract Administrator candidate will have various prerequisite skills and qualifications that typically include:
- Commercial contracting, drafting and proposing
- Business planning and creation
- High-level grammar skills
- Knowledge of computers and MS Office applications
- Ability to review complex contractual documents like service-level agreements and sales agreements
- Excellent communication skills, both verbal and written
- Proven analytical and organizational skills
Contract Administrator experience requirements
The Contact Administrator needs proven work experience in a similar role or in a previous Contract Manager role. Employers prefer candidates with at least three years of experience in commercial contracts. For entry-level roles, consider applicants with a year of experience. New Contract Administrators gain experience through on-the-job training or promotions. in most cases, candidates need to have experience with contractor management software. Look for experience with DocuSign, Zendesk, Goldmine or Joint Contracts Tribunal (JCT) 2011.
Contract Administrator education and training requirements
A Contract Administrator must have at least a bachelor’s degree in business, human resource management or a related field. On-the-job training is essential. Contract Administrators in managerial roles often need a postgraduate or master’s in human resources or contract management. Their credentials include contract and business law. Many organisations seek applicants with a legal background or an education in accounting.
Contract Administrator salary expectations
According to Indeed, the average salary for a Contract Administrator in the UK is £20,839 per year. However, this varies depending on the company’s specific requirements, the experience level and education the employee should have.
Job description samples for similar positions
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