Contract coordinators are responsible for creating and negotiating prices for and tracking the progress of contracts with suppliers and service vendors. They schedule conferences, meetings, and appointments. They also evaluate vendors' performance and sever the contracts of those who don't meet the standards. Contract coordinators earn an average salary of $46,000 annually or $22 per hour.
Contract coordinators are in charge of organizational procedures, and they also handle administrative tasks, responding to internal and external correspondence following established company procedures. They monitor contract milestones and other billing activities to create detailed reports for portfolio records at specified time intervals.
Contract coordinators typically hold a high school diploma or equivalent. However, earning a higher academic degree, such as a bachelor's or master's degree in business, finance, accounting, or other relevant fields, is preferred. Employers also prefer to hire contract coordinators with years of experience assisting contract administrators with contracts. A good contract coordinator possesses solid analytical, organizational, and communication skills.
There is more than meets the eye when it comes to being a contract coordinator. For example, did you know that they make an average of $21.13 an hour? That's $43,958 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many contract coordinators have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and computer skills.
When it comes to the most important skills required to be a contract coordinator, we found that a lot of resumes listed 15.3% of contract coordinators included procedures, while 9.0% of resumes included customer service, and 5.5% of resumes included data entry. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the contract coordinator job title. But what industry to start with? Most contract coordinators actually find jobs in the health care and technology industries.
If you're interested in becoming a contract coordinator, one of the first things to consider is how much education you need. We've determined that 60.3% of contract coordinators have a bachelor's degree. In terms of higher education levels, we found that 9.4% of contract coordinators have master's degrees. Even though most contract coordinators have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a contract coordinator. When we researched the most common majors for a contract coordinator, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on contract coordinator resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a contract coordinator. In fact, many contract coordinator jobs require experience in a role such as administrative assistant. Meanwhile, many contract coordinators also have previous career experience in roles such as customer service representative or office manager.