A Contract Administrator must Develop, Interpret, Review, Alter, Negotiate and Manage Contracts on the Organization’s Behalf.
If you possess strong organizational and administrative skills, as well as a good understanding of contract laws and regulations, consider a career in contract administration. It is a career opportunity that offers candidates excellent opportunities for advancement and growth in the field.
Primarily, it is the responsibility of a contract administrator to ensure that the standards and terms of a contract are managed and fulfilled correctly by all the parties involved.
Individuals looking to find a career in this field require a bachelor’s degree. A significant level of related work experience is an added advantage. If you wish to work on bigger projects with large companies, obtain a degree in civil engineering or construction management.
In addition to this, it is often advised that individuals obtain a master’s degree in business administration or any other similar field such as economics, mathematics, or accounting.
The overall requirements and duties of a successful contract administrator commonly shown in the job descriptions include the following:
- Efficiently negotiate, manage, and execute contracts
- Serve as a liaison between external and internal participants whenever needed
- Report the current status of the contracts to the management
- Resolve any contract conflicts that may arise
- Create rules and standards for existing and new contracts
- Coordinate with internal procurement, legal, and other departments, if required
- Make sure that payments are made on-time
- Analyze the threats or risks that contract changes and updates may pose to the company
- Detect errors and pay attention to details
- Excellent knowledge of computers, language and reading comprehension
As a contract administrator, an individual must have the following skills:
- Prompt and proper reporting
- Excellent communication skills, both verbal and written
- Project management and time management
- Ability to forecast the effects of the terms of a contract
- Ability to work with a team
Some organizations hiring for contract administrative positions can include the following:
- Engineering companies
- Law firms
- Colleges and universities
- Hospitals and healthcare establishments
- Insurance agencies
- Utility companies
- Construction businesses
- Financial institutions
- Government organizations
The pay for a contract officer usually depends on the following aspects:
- Level of education
- Expertise and technical knowledge
- Relevant years of work experience in the industry
- Size of the organization
- Industrial sector
- Geographical location of the job
Our Staffing Agency in Toronto Offers Support to Those Seeking Work as a Contract Administrator
Individuals interested in starting or progressing in their profession as a contract administrator may largely benefit by consulting with the specialists at Winters Technical Staffing, a leading recruitment agency in Toronto providing excellent employment services for more than 40 years. Our professionals can enhance the probability of success for those seeking work in this sector by providing support and guidance including:
- Training and help with resume development
- Providing links to industry contacts and networks
- Creating awareness with regards to non-published job openings
- Offering information regarding apprenticeship opportunities
- Providing details of targeted searches by employers and industries
Get in Touch with the Consultants at Winters Today
If you wish to pursue or progress in your career as a contract administrator, the support and direction offered by the professionals at Winters Technical Staffing may benefit you. For more information, reach out to the experts by calling 416-495-7422. You could also request a complimentary career path consultation.