1. What is the average salary of a Contracts Administrator IV?
The average annual salary of Contracts Administrator IV is $128,946.
In case you are finding an easy salary calculator,
the average hourly pay of Contracts Administrator IV is $62;
the average weekly pay of Contracts Administrator IV is $2,480;
the average monthly pay of Contracts Administrator IV is $10,745.
2. Where can a Contracts Administrator IV earn the most?
A Contracts Administrator IV's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Contracts Administrator IV earns the most in San Jose, CA, where the annual salary of a Contracts Administrator IV is $161,827.
3. What is the highest pay for Contracts Administrator IV?
The highest pay for Contracts Administrator IV is $162,096.
4. What is the lowest pay for Contracts Administrator IV?
The lowest pay for Contracts Administrator IV is $98,866.
5. What are the responsibilities of Contracts Administrator IV?
Contracts Administrator IV develops, prepares, and administers contracts, bids, and proposals that meet specifications and comply with all policies and regulations. Supports or participates in contract negotiations with suppliers, partners, or customers. Being a Contracts Administrator IV reviews contract terms to identify any potential risk or compliance issues. Examines supporting materials and agreement documents related to bids or contracts and provides guidance. Additionally, Contracts Administrator IV acts as liaison between the organization and subcontractors to implement the contracts. Maintains contract records used to ensure compliance with reporting and regulatory requirements. Typically requires a bachelor's degree or equivalent. Typically reports to a manager or head of a unit/department. The Contracts Administrator IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Contracts Administrator IV typically requires 7+ years of related experience.
6. What are the skills of Contracts Administrator IV
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Contract Review: Evaluating, interpreting, and improving the terms used in contractual agreements.
3.)
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.