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What is a senior contract analyst and how to become one
Senior contract analysts are in charge of creating business agreements and contract negotiations. They follow contractual regulations and legal policies to avoid contractual disputes that may cause financial losses for the business. Likewise, they review contract terms and conditions before it is signed. Additionally, they verify the liabilities and obligations within the contract clauses. Also, they interpret contractual requirements and work with internal departments on contractual amendments.
To become a senior contract analyst, you need a minimum of a bachelor's degree in business, business law, or a related field. Some employers prefer a master's degree or an MBA. You need at least eight years of experience in a related industry. You must be conversant with local, state, and national contract laws. Key skills include negotiation, attention to detail, computer, and communication skills. Senior contract analysts make an average salary of $84,953 per annum. This ranges between $64,000 and $113,000.
What general advice would you give to a senior contract analyst?
Bethany Swindell
Visiting Instructor, Arkansas Tech University
Avg. Salary $60,645
Avg. Salary $59,228
Growth rate 9%
Growth rate 0.3%
American Indian and Alaska Native 0.43%
Asian 8.83%
Black or African American 6.36%
Hispanic or Latino 9.39%
Unknown 4.56%
White 70.43%
Genderfemale 59.65%
male 40.35%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is manageable
7.1 - high
Complexity level is challenging
7 - challenging
Work life balance is poor
6.4 - fair
Senior contract analyst career paths
Key steps to become a senior contract analyst
Explore senior contract analyst education requirements
Start to develop specific senior contract analyst skills
Skills Percentages Contract Administration 16.14% SQL 6.55% Analytical Support 6.33% Cost Savings 5.96% Customer Service 5.37% Research senior contract analyst duties and responsibilities
- Manage cross-functional teams responsible for network infrastructure, enterprise applications, servers, capacity and business continuity planning.
- Identify target products and new generic competition for bids and assist in the RFP process to increase savings.
- Administer software development subcontracts from initial RFP to contract closeout for software development group.
- Maintain and develop positive business relationships with a staff members and key leaders involve in or directly relevant to logistics activity.
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Apply for senior contract analyst jobs
Now it's time to start searching for a senior contract analyst job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average senior contract analyst salary
The average senior contract analyst salary in the United States is $60,645 per year or $29 per hour. Senior contract analyst salaries range between $44,000 and $82,000 per year.
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Senior contract analyst reviews
Generating data and consulting. Using Microsoft excel and Google sheets.
Sitting for long periods of time.
Many oil companies today do not require their lease analysts to have a four year degree, but pay salaries as if they do. Anyone who understands how the land administration department fits into the bigger picture of total oil company operations can get started. Basic knowledge of the life of an oil and gas lease will give the "standout" edge needed to get that first entry-level job as a lease analyst. For instance, the books available at Oil Patch Press online are excellent training manuals for lease analysts and division order analysts alike.
Lease Analyst work requires extreme attention to details. Practically every task a lease analyst performs is vital to the continued validity of the oil and gas lease. This career also requires a strong math aptitude. The job requires creating and using complex math equations using primarily addition, subtraction, multiplication and division. A book like Oil and Gas Lease Pooling Calculations Workbook is an excellent primer. Also, already knowing how to use Microsoft Excel is a huge plus for that first job as a lease analyst.
Updated January 8, 2025
