The last competency is business. The overall requirements of a contract administrator generally include the following: Attention to detail and the ability to spot errors and inconsistencies Excellent reading and language comprehension Ability to work with a team at all levels of an organization This is a heavily important phase as it reviews the fundamental aspects of contract management, hence being labeled in the “pre-award” category. We are seeking an experienced Contract Administrator to oversee the creation and completion of our vendor contracts. Staying organized and in control of the numerous details takes focus. Top Contracts Administrator Skills. Administrative skills are those related to running a business or keeping an office organized, and are needed for a variety of jobs, ranging from office assistants to secretaries to office managers. Problem solving is i… Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. These contracts may include employee relations, new business proposals, and purchase, sale or rental contracts. Some employers might hire contract administrators directly out of school, although such candidates typically have graduate degrees or law degrees. Examples of Contract Administrator skills. That means contract management administrators should establish a review protocol that ensures reviews happen well before or near mid-way points of contracts. Optimizing this phase can help avoid poor contract performance and administration. This may include education, previous job experience, certifications and technical skills. We ranked the top skills based on the percentage of Senior Contract Administrator/Contract Administrator resumes they appeared on. Jan Simon is a career and life coach with more than 20 years of experience in corporate human resources. Employees in nearly every industry and company need strong administrative skills . Here is a list of the top five qualities for a solid contract management team and successful operation: Observant. Stand-out contract managers tap into their interpersonal skills every day for smooth contract delivery and to inspire innovative goods and services from suppliers. The professional skills necessary for contract managers to have include: Efficient and effective performance in a specific industry or work environment Productively interacting with other specialized professionals. A fact well known is that not even one of the contract terms carries any weight unless it is monitored and enforced. A range of five to seven skills is sufficient to express your best characteristics as an employee without making your CV too redundant. Individuals with finely tuned analytical skills are quick to come up with solutions and recommendations. Contract Administrator is not on the following lists: Long term skill shortage list. Does it allow pulling out key contract terms and clauses quickly? Managing change is also high on the list of job responsibilities. Are you prepared for the LIBOR transition? As a result, there are certain soft skills that members of the contract management team simply must possess to ensure success. Administrators must be astute in business practices, have a grasp of financial issues and practice sound judgment. Does it help track important contract dates, such as, expiration dates, auto-renewal dates, performance reviews and contract end dates. Bureau of Labor Statistics: Administrative Services. Employers hire candidates who are detailed oriented and possess highly developed skills. That means contract management administrators should establish a review protocol that ensures reviews happen well before or near mid-way points of contracts. Top Senior Contract Administrator/Contract Administrator Skills. Skills highlighted on Contract Administrator resumes include partnering with financial area managers in business development efforts, and introducing value-added services to existing and potential customers. Contract professionals have a wide scope of individuals to communicate with on a routine basis. You will be responsible for drafting contracts, examining and verifying data once the contracts are returned, and processing the contract to ensure it is filed properly in our system. Oftentimes these professionals are called upon to communicate policy. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. The professional skills necessary for contract managers to have include: Want to learn more about specialized knowledge areas? However, the challenge lies in sifting through a range of Contract Management Solutions to determine the best fit. Knowledge and understanding of the legal requirements involved in specific contracts. The contract administration role is undertaken during the construction and delivery phase of a construction or building project. Here is a list of the top five qualities for a solid contract management team and successful operation: Observant. Reviewing contracts means spending time understanding special provisions, requirements and conditions to make sure they comply with legislation and follow the appropriate procedures. Find out how our CLM solution can help. Home » Blog » The 5 Skills Needed to Manage Contracts For Your Organization. By continuing to browse, you agree to our use of cookies. Liaising with subcontractors, material suppliers, trades, project managers and engineers to ensure that goals and schedules are met. To learn more about the pre-award stage, view these educational events. The contract administrator needs to have both proven leadership skills but also be able to be a solid team player. Let's find out what skills a Senior Contract Administrator/Contract Administrator actually needs in order to be successful in the workplace. Reviewing contracts means spending time understanding special provisions, requirements and conditions to make sure they comply with legislation and follow the appropriate procedures. Whether it is a sales-side contract or a service/procurement side contract, a good contract management practice is to ensure that things start off on the right foot. As a business discipline in its own right, it can prove to be a boon or a bane, depending on how it’s managed. Summary : Over 12 years of experience as a Contract Administrator. Dealing with complex documents in a fast paced environment requires organizational ability. Simon enjoys writing career articles and is a columnist for the CV Weekly. Using the Skills. Administrators negotiate with tact and diplomacy, but stand their ground on key points. 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