Senior contracts administrators are normally responsible for managing all of the contracts for their company. This also includes evaluating bids from contractors, as well as negotiating and awarding a contract to the winner. They also review any claims or issues that arise from the contracts, process and verify requests for payment, and release final payments. Senior contracts administrators are also required to close out contracts and finalize any outstanding issues. Additionally, these professionals may be in charge of supervising and mentoring other contract administrators.This is typically a full-time position that takes place in an office setting, with minimal physical requirements beyond sitting at a computer for an extended period of time. There are a wide range of institutions that employ senior contract administrators, including private companies and government agencies.Most companies prefer a minimum of seven years of relevant experience for senior contracts administrator applicants. An in-depth knowledge of all rules and regulations that could be imposed on company contracts is needed, as is knowledge of the contract management process. A bachelor's degree in business, procurement, operations, or another related field is generally expected. Senior contracts administrators must also have excellent communication, analytical, and problem-solving skills.

According to the latest data points available with Google, the projected growth of the Senior Contracts Administrator role in Australia's market is expected to be strong. Over the past 10 years, this job role has witnessed steady growth with increasing demand in various industries. It is predicted that this trend will continue over the next decade, creating a positive outlook for employment opportunities in this field. The exact number of employment opportunities that will be available in the future is not specified in the given data points.

How to Learn

As a Senior Contracts Administrator in Australia with 6-9 years of experience, your main responsibilities include:<ul><li> Draft and review complex contracts, ensuring compliance with legal and regulatory requirements. You will be responsible for creating and analyzing intricate contractual agreements, guaranteeing adherence to legal and regulatory standards.</li><li> Negotiate contract terms and conditions with clients, suppliers, and subcontractors. Your role involves engaging in discussions and reaching agreements on contract terms and conditions with various stakeholders.</li><li> Manage contract documentation, including preparation, execution, and maintenance of records. You will oversee the entire lifecycle of contracts, from initial preparation to final execution, and ensure proper documentation and record-keeping.</li><li> Monitor contract performance, resolve disputes, and handle contract modifications.</li></ul>

Roles & Responsibilities

Average take home Salary for a Senior Contracts Administrator in Australia is around $93871 per year

Salary Breakup

Senior contract administrators are typically accountable for the management of all the contracts that they manage for their business. This also involves evaluating bids from contractors, and the negotiation and awarding of a contract for the winning bidder. They also look over any claims or concerns which arise from contracts as well as process and verify any payments and then release the final payment. Senior contract administrators are required to conclude contracts and resolve any remaining issues. In addition, they could be responsible for overseeing and guiding other contract administrators.

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Senior Contracts Administrator

Salary Breakup

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