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.
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