Service Contract and Renewals Administrator Salary in the United States

FAQ about Service Contract and Renewals Administrator

1. Do administrators get paid more than managers?

Administrators typically earn less than managers. For instance, a Service Contract and Renewals Administrator has a salary range from $59,800 to $80,500, with a midpoint of $68,100. In contrast, managers often have higher salary ranges, reflecting their greater responsibilities and experience.

2. What does a service contract administrator do?

A Service Contract Administrator manages the financial aspects of service contracts, ensuring compensation for claims made under these agreements. They facilitate communication between service contract holders and sellers, ensuring smooth transactions. The salary for this role ranges from $59,800 to $80,500, with a midpoint of $68,100, reflecting the importance of their responsibilities.

3. Do you need a degree to be a contract administrator?

To become a contract administrator, pursuing an undergraduate degree is essential. Common fields of study include business administration, finance, legal studies, economics, and human resources. The salary for a Service Contract and Renewals Administrator typically ranges from $59,800 to $80,500, with a midpoint of $68,100, reflecting the importance of education in this role.

4. What is another name for a contract administrator?

Another name for a Contract Administrator includes Contract Management Specialist, Procurement Specialist, Procurement Analyst, Contract Coordinator, Project Manager, Contract Negotiator, and Construction Manager. The salary for a Service Contract and Renewals Administrator ranges from $59,800 to $80,500, with a midpoint of $68,100.

5. What is a renewals manager?

A Renewals Manager is responsible for overseeing the renewal process of contracts and agreements with clients. They ensure timely renewals, maintain client relationships, and analyze contract performance. The salary for this role typically ranges from $59,800 to $80,500, with a midpoint of $68,100, reflecting the importance of effective contract management in business operations.

6. Do administrators make good money?

Administrators can earn a competitive salary. For a Service Contract and Renewals Administrator, the salary ranges from a minimum of $59,800 to a maximum of $80,500, with a midpoint of $68,100. This suggests that administrators can make a good income, depending on their experience and specific role within the organization.