How to hire a contract analyst

How to hire a contract analyst, step by step

Here's a step-by-step contract analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a contract analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new contract analyst
• Step 8: Go through the hiring process checklist

What does a contract analyst do?

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1. Identify your hiring needs

   Before you post your contract analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a contract analyst for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A contract analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, contract analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list presents contract analyst salaries for various positions.

   Type of Contract Analyst	Description	Hourly rate
   Contract Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$18-35
   Planning Analyst	As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues... Show more	$23-44
   Risk Analyst	As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions... Show more	$28-53

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Customer Service
   • Contract Management
   • Contract Terms
   • SQL
   • HR
   • Data Entry
   • Contract Administration
   • Financial Analysis
   • Purchase Orders
   • Contract Performance
   • Strong Analytical
   • Process Improvement
   • Excellent Organizational
   • Management System

   Check all skills

   Responsibilities:

   • Manage RFQ generation, proposal analysis, documentation, PO generation, and subcontractor and supplier follow-up.
   • Lead and educate internal stakeholders in the proper use of document review and approval processes using SharePoint document management tools.
   • Conduct internal audits of the company and audits of subcontractor performance and adherence to Medicare and Medicaid regulations.
   • Coordinate and monitor ethics training with NFA and vendor.
   • Identify issues and conduct investigations of ethics and compliance relate matters.
   • Develop and issue structured requests for information (RFI, RFQ, and RFP).

   More contract analyst duties

3. Make a budget

   Including a salary range in your contract analyst job description is a great way to entice the best and brightest candidates. A contract analyst salary can vary based on several factors:

   • Location. For example, contract analysts' average salary in florida is 38% less than in new jersey.
   • Seniority. Entry-level contract analysts earn 47% less than senior-level contract analysts.
   • Certifications. A contract analyst with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a contract analyst's salary.

   Average contract analyst salary

   $54,544yearly

   $26.22 hourly rate

   ---

   Entry-level contract analyst salary

   $39,000 yearly salary

   Updated December 19, 2025

   Average contract analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$65,742	$32
   2	Oregon	$65,225	$31
   3	Virginia	$64,703	$31
   4	Massachusetts	$63,626	$31
   5	Minnesota	$62,002	$30
   6	District of Columbia	$62,002	$30
   7	Pennsylvania	$61,588	$30
   8	California	$60,031	$29
   9	North Carolina	$59,616	$29
   10	New York	$58,843	$28
   11	Georgia	$58,362	$28
   12	Maryland	$57,761	$28
   13	Colorado	$57,690	$28
   14	Washington	$55,956	$27
   15	Illinois	$55,339	$27
   16	Missouri	$55,289	$27
   17	Tennessee	$54,739	$26
   18	Arizona	$49,949	$24
   19	Texas	$49,738	$24
   20	Alabama	$47,252	$23

   Average contract analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	AstraZeneca	$84,376	$40.57
   2	AbbVie	$79,138	$38.05	8
   3	Oracle	$73,077	$35.13	843
   4	Los Alamos National Laboratory	$71,582	$34.41	3
   5	Tata Group	$71,518	$34.38	26
   6	Prudential Bank	$70,684	$33.98	13
   7	Tenet Healthcare	$69,495	$33.41	15
   8	Booz Allen Hamilton	$69,484	$33.41	46
   9	Children's Hospital Colorado	$69,286	$33.31	3
   10	Merck	$69,006	$33.18	60
   11	Penske Logistics	$68,979	$33.16
   12	D. E. Shaw group	$68,839	$33.10
   13	LogixHealth	$68,806	$33.08
   14	Equitable Holdings	$68,203	$32.79
   15	Boston Scientific	$68,097	$32.74	11
   16	Sutter Health	$67,836	$32.61	30
   17	Magellan Health	$67,332	$32.37
   18	Colfax Corporation	$66,558	$32.00	2
   19	Vantage Data Centers	$66,442	$31.94
   20	Teva Pharmaceuticals	$66,433	$31.94

4. Writing a contract analyst job description

   A job description for a contract analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a contract analyst job description:

   Contract analyst job description example

   Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), has been certified as a “Great Place to Work” by the Great Place to Work organization. We deliver “Value as a Service” by helping our customers maximize their spend under management, achieve significant cost savings and drive profitability. Coupa provides a unified, cloud-based spend management platform that connects hundreds of organizations representing the Americas, EMEA, and APAC with millions of suppliers globally. The Coupa platform provides greater visibility into and control over how companies spend money. Customers - small, medium and large - have used the Coupa platform to bring billions of dollars in cumulative spend under management. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
   
   Do you want to work for Coupa Software, the world's leading provider of cloud-based spend management solutions? We're a company that had a successful IPO in October 2016 (NASDAQ: COUP) to fuel our innovation and growth. At Coupa, we're building a great company that is laser focused on three core values:
   1. Ensure Customer Success - Obsessive and unwavering commitment to making customers successful.
   2. Focus On Results - Relentless focus on delivering results through innovation and a bias for action.
   3. Strive For Excellence - Commitment to a collaborative environment infused with professionalism, integrity, passion, and accountability.
   
   Under general supervision, the Contract Analyst provides assistance to the Strategic Sourcing and Procurement Team for the contract management and contract administration functions of Coupa. Responsibilities include the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.
   ESSENTIAL JOB FUNCTIONS (OTHER DUTIES MAY BE ASSIGNED AS NEEDED):Reviews and/or provides guidance in the preparation of contracts, agreements, amendments, order forms, renewals, and change orders.Assists in negotiating and executing contracts.Verification that all contractual clauses are included in documents (as are appropriate).Manage vendor/supplier performance in relation to contractual agreements.Ensuring compliance to terms and conditions of contracts.Manage contract closeout procedures.Coordinate and confer with the procurement team members, stakeholders, counsels on contractual items.Provide ongoing assistance to the procurement team in the administration of contractual agreements.Maintains contract files and records; prepares status reports
   Skills or Ability to:Ability to prioritize and organize tasks to meet deadlines, with the ability to manage multiple priorities while maintaining a high degree of accuracy and strong attention to detail, in a fast paced environment.Ability to develop and maintain effective and collaborative working relationships with the other team members, internal stakeholders, other departments, vendors/suppliers Ability to work under pressure and meet deadlines relating to contractual deadlines Ability to communicate clearly, concisely and effectively, both orally and in written form, to other both internal and external stakeholders
   MINIMUM EDUCATION AND/OR EXPERIENCE:Bachelor's Degree from an accredited university or college with major course work in Business Administration, Procurement, and primarily Law.A minimum of three (3) years of responsible professional level experience in contracts and procurement, or, an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job.Job experience in reviewing contracts preferred (especially job experience with negotiating SAAS- Software as a Service Contracts)
   
   At Coupa, we have a strong and innovative team dedicated to improving the spend management processes of today's dynamic businesses. It's our people who make it happen, and we strive to attract and retain the best in every discipline.
   
   We take care of our employees every way we can, with competitive compensation packages, as well as restricted stock units, an Employee Stock Purchase Program (ESPP), comprehensive health benefits for employees and their families, a 401(k) match, a flexible work environment, no limit vacations for exempt employees, non-exempt employees are on an accrual basis for PTO, catered lunches…And much more!
   As part of our dedication to the diversity of our workforce, Coupa is committed to Equal Employment Opportunity without regard for race, ethnicity, gender, protected veteran status, disability, sexual orientation, gender identity or religion.
   
   Please be advised, inquiries or resumes from recruiters will not be accepted.

   Copy this example

   

5. Post your job

   There are a few common ways to find contract analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your contract analyst job on Zippia to find and recruit contract analyst candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit contract analysts, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new contract analyst

   Once you've selected the best contract analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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