What does a Contract Administrator do?
A Contract Administrator serves a very important role managing contracts, both new and existing. They audit proposals to ensure all terms are covered, payment conditions are explicit, laws and regulations are correctly interpreted, and the firm’s interests are protected.
A Contract Administrator is a professional position within a firm or department who is responsible for managing relationships between parties on a contract. They work directly with parties to prepare contracts and negotiate terms, using spreadsheets and electronic documentation management systems. They often report to a Contract Manager or other upper level professionals.
Contract Administrator skills and qualifications
A Contract Administrator is a professional role requiring someone with excellent leadership and organizational skills. They are also assertive and willing to take charge of managing bids, proposals, and contracts. Other skills and qualifications essential for a strong Contract Administrator candidate include:
- Excellent analytical and problem-solving skills
- Strong understanding of legal and contractual language
- Able to work in a team and play a leadership role when needed
- Attention to detail, especially with writing and editing
- Able to work under pressure and tight deadlines while producing high quality, error-free content
- Effective and clear communication, both written and spoken
- Excellent knowledge of accounting and finance principles
- Strong liaising and networking skills
Contract Administrator experience requirements
This is not generally an entry-level position. A strong candidate for Contract Administrator has demonstrated experience managing contracts and successfully negotiating beneficial terms for their previous firm(s). You may also prioritize candidates with advanced understanding of procurement and contract administration concepts applicable to your industry.
Contract Administrator education and training requirements
A strong Contract Administrator candidate generally has at minimum a bachelor’s degree in business administration, accounting, finance, or related field, or a combination of education and work experience. Coursework in contract assessment, business law, contract management, or other related subjects, is preferred. There are no professional certification requirements for this position in Canada.
Contract Administrator salary expectations
According to Indeed Salaries, the average annual salary for a Contract Administrator in Canada is $62,763. As there are different levels of seniority for this position across firms, the salary may be dependent on experience, location and company.
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