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New business coordinator vs contracts specialist

The differences between new business coordinators and contracts specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contracts specialist has an average salary of $63,727, which is higher than the $39,003 average annual salary of a new business coordinator.

The top three skills for a new business coordinator include data entry, customer service and underwriting process. The most important skills for a contracts specialist are veterans, DOD, and contract administration.

New business coordinator vs contracts specialist overview

New Business CoordinatorContracts Specialist
Yearly salary$39,003$63,727
Hourly rate$18.75$30.64
Growth rate6%-6%
Number of jobs69,99827,244
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 62%
Average age4444
Years of experience--

New business coordinator vs contracts specialist salary

New business coordinators and contracts specialists have different pay scales, as shown below.

New Business CoordinatorContracts Specialist
Average salary$39,003$63,727
Salary rangeBetween $17,000 And $85,000Between $40,000 And $99,000
Highest paying City-Washington, DC
Highest paying state-Delaware
Best paying company-Google
Best paying industry-Government

Differences between new business coordinator and contracts specialist education

There are a few differences between a new business coordinator and a contracts specialist in terms of educational background:

New Business CoordinatorContracts Specialist
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

New business coordinator vs contracts specialist demographics

Here are the differences between new business coordinators' and contracts specialists' demographics:

New Business CoordinatorContracts Specialist
Average age4444
Gender ratioMale, 27.8% Female, 72.2%Male, 40.2% Female, 59.8%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between new business coordinator and contracts specialist duties and responsibilities

New business coordinator example responsibilities.

  • Manage team negotiating rates with underwriters and oversee the entire RFP process by advancing sales leads -respond to questionnaires and proposals.
  • Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
  • Present new attorney orientation PowerPoint and conference calls and answer all on-boarding questions.
  • Create PowerPoint decks for department presentations.
  • Support service-related duties and responsibilities as needed to include analyzing RFP materials and offering comparable plan designs.
  • Verify insurance, process payments and maintain patients records securely and handle in compliance with HIPPA privacy and security regulations.
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Contracts specialist example responsibilities.

  • Manage multiple task orders in an IDIQ environment.
  • Provide clarity on medical and drug cover benefits for a Medicare advantage insurance plan.
  • Manage inventory and distribution activities of the third-party logistics provider.
  • Develop marketing strategies to expand Medicaid manage care provider network and enrollment.
  • Manage the influenza vaccine annual contracting and RFP process for a national specialty pharmaceutical distributor.
  • Process purchase orders and subcontracts, including managing insurance requirement compliance and certify payroll documentation.
  • Show more

New business coordinator vs contracts specialist skills

Common new business coordinator skills
  • Data Entry, 14%
  • Customer Service, 12%
  • Underwriting Process, 6%
  • Life Insurance Policies, 5%
  • Business Development, 5%
  • Insurance Carriers, 5%
Common contracts specialist skills
  • Veterans, 7%
  • DOD, 7%
  • Contract Administration, 6%
  • Contract Terms, 5%
  • Contract Management, 5%
  • Market Research, 5%

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