What Does a Contract Administrator Do?
Contract administrators prepare, negotiate, and assess contracts such as contracts for the sale or purchase of products or services. They handle the planning, creation, and updating of contracts based on the needs of all interested parties. They also check contracts for legal compliance.
Contract Administrator Job Overview
In the contract administrator role, you will lead the management, design, construction, and maintenance related to professional service agreements. You will search for potential risks in contracts being considered by the organization. Success in this role will be demonstrated by your ability to identify contracts and deals that contribute to bottom-line growth which are compliant with local laws and regulations.
Contract Administrator Job Responsibilities and Duties
- Prepares, negotiates, and reviews company contracts
- Ensures contracts are in compliance with applicable laws and regulations
- Develops and drafts business proposals for strategic partnerships and similar deals
- Assures all necessary clauses and details are included in contracts
- Remains up-to-date with legislative changes that could affect current and future contracts
- Coordinates with legal and compliance departments when necessary
- Maintains an organized system of physical and digital records
Contract Administrator Job Requirements
- Minimum 3 years of experience as a contract administration or related role
- Bachelor’s degree in business administration; additional qualifications in law a plus
- Good knowledge of contract law
- Familiarity with business, finance, and accounting terminology
- Has strong negotiation and mediation skills
- Knowledge of legal requirements involved with contracts
- Attention to detail
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