How to Become a Contracts Administration Director
Step 1: Understand the job description and responsibilities of a Contracts Administration Director
What does a Contracts Administration Director do?
A Contracts Administration Director is responsible for all activities in the organization's contracts administration function. Oversees the preparation of proposals, negotiations, and the administration of contracts that follow company policies and legal requirements. Being a Contracts Administration Director directs and develops policies and processes that govern the contract administration staff and provide guidance on contract terms and the assessment of contract proposals. Has deep knowledge of the contract life cycle, types of contracts, and applicable government regulations. Additionally, Contracts Administration Director leads negotiations for complex or high-value contracts. Typically requires a bachelor's degree or equivalent. Sometimes requires certification like the NCMA Certified Professional Contract Manager (CPCM). Typically reports to senior management. The Contracts Administration Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Contracts Administration Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
You should also analyze contracts with an eye toward reducing costs and increasing profits, while ensuring compliance with the law.
Specifically, this position will focus on contract management for execution of contracts tied to specific grant funding, reporting, compliance, and regular communication to all involved in order to meet the financial and operational goals of the organization.
Bachelor's degree in business contract administration, finance, accounting or related field.
Master's degree in business contract administration, education, or counseling· Direct experience working with large (seven-figure) grants and contracts.
A contract administrator is a professional within an organization or department that is responsible for the management of contracts, including approval and any necessary changes that may be needed over the course of the contract.
Step 2: Learn best tips to become a Contracts Administration Director
Best tips for those who want to become a Contracts Administration Director
Here are some tips to become a Contracts Administration Director.
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Submitting information and advice to the requesting activity, based on the auditor’s analysis of the contractor’s financial and accounting records or other related data as to the acceptability of the contractor’s incurred and estimated costs.
Performing other analyses and reviews that require access to the contractor’s financial and accounting records supporting proposed and incurred costs.
Ensure that all in-house contracts are stored in record form in a timely manner.
Step 3: View best colleges and universities for Contracts Administration Director
Best colleges and universities for Contracts Administration Director
- Butler University
- Carroll College
- Providence College
- Rollins College
- Taylor University
- Amherst College
Step 4: Think about whether is it worth to be a Contracts Administration Director
Is being a Contracts Administration Director Worth it?
Total Contract Manager (TCM) is the contract lifecycle management system for UNTHSC business contracts administered by the Office of Contract Administration.
TCM allows full automation of the contract lifecycle, which includes automated contract requests, contract reviews and edits, electronic approval workflow, integrated electronic signature capability, automated event notifications such as renewal and expiration dates, departmental visibility of contracts, and a complete contract document repository.
These templates include the required tasks and documents used in contract creation for different types of contracts, as well as defining the different roles involved.
Responsible for communications with government contracting officers and prime contractor contracts POC.
Review, interpret and recommend acceptance, revisions and exceptions to contracts and contract modifications to ensure that prices, delivery schedule, specifications and terms and conditions are consistent with those proposed.
Step 5: Prepare relevant skills for being a Contracts Administration Director
What skills do you need to be a Contracts Administration Director?
Management is no easy task, and as such, the skill requirements for these types of roles vary greatly. Chief skills for this role are: Contract Compliance, Contract Lifecycle Management, Contract Negotiation, Contracts Management & Administration, Contract Review. You would need to be proficient in the following: Contract Management Software. Expertise in these areas will help you land this, or a similar role.
4-6 years experience in the field of management and negotiation of contracts in aerospace and defense.
Reviewing contracts means spending time understanding special provisions, requirements and conditions to make sure they comply with legislation and follow the appropriate procedures.
Comprehensive knowledge and experience in the area of government contract administration.
Hands-on negotiation and contract administration skills and experience.
Experience in administration of Federal Supply Schedule contracts, IFF administration, audit support, maintenance of ORCA certification and registration in SAM.
Step 6: View average salary for Contracts Administration Director
How much does a Contracts Administration Director make?
The average salary range for a Contracts Administration Director is from $157,362 to $199,721. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Contracts Administration Director jobs
- Proposals and Contracts Administration Director
- Contracts Administration Manager
- Proposals and Contracts Administration Manager
- Contracts Manager
- Contracts Administration Supervisor
- Contracts Administration Clerk
- Proposals and Contracts Administration Supervisor
- Chief Contracts Administration Executive
- Contracts Administration Senior Supervisor
Step 7: Find relevant Contracts Administration Director jobs, and apply.
Looking for Contracts Administration Director jobs?
Here are some Contracts Administration Director jobs in the United States.