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Become A Senior Contract Analyst

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Working As A Senior Contract Analyst

  • $78,920

    Average Salary

What Does A Senior Contract Analyst Do At Mainegeneral Health

* Assists negotiation of managed care contracts (HMO and PPO) for PHO, MGMC, MaineGeneral Rehabilitation and Nursing Care, HealthReach Network, and MGHA.
* Performs periodic reviews of payor contracts terms and actual reimbursement.
* Responsible for reviewing and understanding the health plan contracts according to our locality and plan reimbursement.
* He/she will need to identify and analyze over/under payments according to our contracts
* Identifies trends and issues impacting under and over payments by health plan
* Analyzes proposals from managed care organizations.
* Ensures all entities are in compliance with signed contracts.
* Performs rate setting analyses, as required.
* Assists revenue cycle operations with claim resolution
* Maintain a comprehensive knowledge of the rules and regulations of CMS as well as major commercial payers

What Does A Senior Contract Analyst Do At HCA, Hospital Corporation of America

* _
* Assist in the design, development and implementation of advanced adhoc reports.
* Assist in identifying and documenting reporting requirements.
* Based on data sources identified, extract and manipulate data from databases.
* Assist with performing acceptance and QA testing as applicable.
* Model more advanced managed care contracts through the Alliance for Decision Support system (ADS).
* Understand and analyze CDM price increases to determine the effect on contract modeling, negotiations, and net revenue projections.
* Organize and analyzes results data providing summary of findings Consulting FA, and Manager.
* Provide information related to how price changes related both CDM and rates could impact net revenue.
* As requested works with Consulting FA in completing retrospective review of contracts to analyze negotiated rate of reimbursement compared to actual net revenue results with variance explanation.
* Uses data mining tools to assist customers effectively with data requests.
* Resolve issues resulting from the monthly data load audits of the End of Month data within the Enterprise Data Warehouse (EDW) and the Managed Care/DSS Business Objects Universe.
* Work with IT&S on enhancements to the database and universe.
* Assist Financial Analyst I & II in production of training and education for outside users.
* Participate in departmental training and professional development opportunities when available.
* Adds value to APS by producing accurate results, working efficiently, and continuing to grow in the position.
* Other duties as assigned.

What Does A Senior Contract Analyst Do At Oracle

* Job duties are varied and complex utilizing independent judgment.
* Position will have project lead role.
* Review, draftand negotiate standard and non-standard contracts and supplier agreements,generally of high-level complexity for various services to mitigateOracle’s risk and ensure compliance with Oracle legal guidelines andprocurement policy with minimal managerial oversight or intervention.
* Validate allaspects of contract packages for accuracy and compliance with Oracle’sbusiness practices and internal approvals.
* Draftexecutive approval requests for key legal clauses, including summary ofbusiness issues.
* Interfacewith lines of business/subsidiaries to understand unique requirements andopportunities to better tailor current processes and documents to endusers’ needs.
* Prepare contract status reports and complete contract logprocessing
* Extensivecontracts knowledge.
* Polishedwritten and oral communication.
* Excellentcustomer service attitude, Personal motivation, organized, detail-orientedand refined time management skills.
* Comfortablewith exercising independent judgment.
* Excellentanalytical and communication (both written and verbal) skills.
* Experiencenegotiating Co
* Location, data center and telecom network agreements (desirable but not required)
* Experiencewith Oracle applications (desirable but not required).
* Experiencewith contract management applications.
* Workindependently and demonstrate sound judgment under high stress, timecritical deadlines.
* Provenproject leadership experience.
* Excellentresearch & problem solving skills
* Provennegotiation skills.
* Ability tomeet stringent deadlines and able to work effectively in team environment.
* Ability todeal with potentially confrontational situations with patience, diplomacyand tact.
* years contractsexperience
* LegalEducation or background desirable

What Does A Senior Contract Analyst Do At Johns Hopkins University

* Will partner with and act as final point of contact with Departmental faculty and/or budgetary staff and the Office of Research Administration toward the planning and development of application submissions to various federal offices, private agencies/foundations and commercial companies.
* Understand Institutional policies for pre-award grant process and sponsor guidelines.
* Responsible for reviewing all sponsored project proposals for assigned faculty in the Department prior to them being forwarded to the Research Administrative Manager and the Office of Research administration for signature.
* Review is based upon accuracy, content, adherence to institutional, government and other sponsored guidelines.
* Provide instruction, assist in preparation and answer questions relating to grant application procedures and serves as a liaison between the research unit, various central offices and funding agencies
* Review budgets and budget justification for appropriateness and completeness of content.
* Coordinate submission of grant proposals ensuring that all applicable direct and indirect cost rates have been applied.
* Provide groundwork for subcontract negotiations, including review and even mathematical corrections to proposals from other institutions.
* Assure IRB and animal protocol approval is current.
* Responsible for tracking proposals and other documentation through the signature/approval process.
* Maintain an accurate work flow journal/database detailing grant/contract process dates and submission dates.
* Once funded, review account setup to ensure it is correct based on the terms of the agreement
* Analyze complex financial data and extracts and defines relevant information; interprets data for the purpose of determining past financial performance and/or to project a financial probability.
* Ensure expenditures on grants and contracts are monitored monthly by the Principal Investigator and the Department as a whole to maintain balanced accounts.
* Conduct internal audit of the faculty’s financial portfolio to ensure expenditures are on track and implements administrative changes requested by faculty and management.
* Identify and communicate over-expenditures to faculty, Division managers, and upper management.
* Will resolve funding shortfalls before finance reports to sponsors can be finalized.
* Ensure reports are submitted on time to sponsors by partnering with Departmental contacts and Sponsored Shared Services.
* Approves final invoices and financial reports, on behalf of the Department, prior to submission to Sponsors.
* Work towards revenue maximization by understanding and overseeing the use of various funding sources within the Department of Ophthalmology and the overall portfolio of the investigator.
* Use various general accounting and software applications, such as spreadsheets, relational databases, cost-accounting systems, statistical packages, and graphics packages to assemble, manipulate and/or format data and/or reports.
* Facilitate and/or produce specialized sponsored research/project reports utilizing institutional and/or departmental systems (Microsoft Office, SAP, coeus, etc.).
* Reconcile assigned accounts on a monthly basis.
* Prepare payroll documents and non-payroll transfers needed to reconcile accounts.
* Train analysts and divisional finance contacts on how to monitor and reconcile faculty accounts and how to use various software packages for successful grant application submissions.
* Keep abreast of changes in federal and institutional policies in managing grants to ensure compliance and communicates these changes to staff, faculty and upper management.
* Ensure proper management of all sponsored awards, by insuring all financial transactions agree with GAAP, NIH Grants Policy Statement, FDP, OMB, CAS, and University or Hospital policies and procedures.
* Proactive in interactions with the School of Medicine Research Administration, Sponsored Shared Shares, and School of Medicine Divisional Business Office to resolve issues.
* Facilitate communication between the staff/faculty and Accounts Receivable for timely billings of sponsored research and receipt of payments.
* Maintain professional confidentiality in regards to employee issues, payroll concerns or any personnel and financial information pertaining to the faculty and staff of the Department.
* Work independently and exercise independent judgment in resolution of administrative problems/challenges.
* Assume responsibility for decisions, consequences, and results having an impact on people, costs and/or quality of service within and outside of the Department.
* Key focus must be on customer service, timely communication and meeting deadlines.
* Complete special assignments/projects as assigned.
* On-going participation in workflow development and retooling.
* Attends and participates in team, 1-on
* meetings and other department/divisional meetings as requested.
* Conduct a minimum of one training session to field analysts/colleagues during the finance training sessions.
* Attend at least two professional/skill development courses per annual review year.
* All of the above activities require an individual with the ability to work with little supervision and with focused decision making capabilities.
* The incumbent must possess:
* Very strong financial analysis skills, which assumes competent spreadsheet and financial database capabilities
* Very strong organizational skills, analytical and problem solving abilities, and attention to detail.
* The ability to work within fixed deadlines, meet concurrent deadlines and prioritize work
* The ability to manage a high volume of complex workload requirements and be comfortable with and proficient in multi-tasking
* Excellent communication skills, both oral and written
* A keen knowledge of process work flow and effective follow-up/tracking capabilities
* Ability to emanate patience and understanding with faculty and staff with varying degrees of financial knowledge.
* A strong positive customer service attitude is a must for success

What Does A Senior Contract Analyst Do At AAR Corp

* Responsible for entire contractual life-cycle administration of contracts and other activity as assigned by the Contracts Director.
* Prepares and administers routine correspondence, negotiation memoranda, and contract documentation to ensure timely and coordinated submittal.
* Prepares, organizes and maintains contract records and files documenting contract performance and compliance.
* Assists mid- to high-level business development, contracts, and project management professionals in working with internal or external business teams on issues and developments relative to assigned contracts.
* Review and analyze contract actions for identification of discrepancies, risks, and concerns; specific focus will be on initiation, administration, and change management.
* Examine and compare contract documents against proposals and negotiation records for accuracy
* Initiates internal documentation to authorize and direct work in accordance with standard operating procedures and contractual specifications
* Reviews complex solicitations and prepares specialized and/or non-routine response for proposals, bids, and contract modifications.
* Analyzes significant, and/or unique contract requirements, special provisions, terms and conditions to ensure compliance with appropriate laws, regulations, and corporate policies and business unit procedure.
* Analyzes new law, regulation and contract trends for potential impact on business unit goals and objectives.
* Focal point for communication with legal, finance, and business team disciplines for resolution of contract issues and disputes.
* Assists in identification, development and implementation of new contract policy and processes.
* Have a general understanding of the business case and an appreciation of financial/analytical issues and profit and loss implications.
* Assists with contract negotiations
* Monitors current status of assigned contracts
* Performs contract closeout activities.
* Disseminates information throughout the company regarding status, compliance, modification, deviation, negotiation and termination.
* Reviews new solicitations for unique/unusual requirements.
* Initiates documentation to authorize and direct work in accordance with contractual specification.
* Develops or assists in developing cost/price proposals in response to customer requirements.
* Performs Government Property Management responsibilities in accordance with FAR 52
* and internal policies.
* Works with 3PL Program Managers to insure Government Property Management compliance at each facility
* All other duties as assigned.
* Focus on Results
* Able to plan and organize work to achieve goals; achieves targeted results with minimal supervision; is accountable for own actions.
* Communications
* Possess excellent verbal & written communications skills; Provides timely, well organized verbal & written information that is audience appropriate; listens attentively to others and retains/processes information.
* Teamwork
* Builds alliances, partnerships & collaboration with others including those different from him/her; deals tactfully with others; assumes helps with a variety of team roles.
* Strategic Planning & Decision
* Making
* Develops strategic short & long term plans; arranges priorities, distinguishing urgent, important and unimportant in order to meet goals & deadlines; consults & collaborates with appropriate people.
* Initiative & Innovation
* Generates new ideas personally & encourage team to do the same; stays up-to-date on technology & approaches to work; provides creative solutions & input when faced with challenges.
* Interpersonal Relationships
* Builds effective relationships with internal & external customers; ability to work independently and coordinate work with others; resolves conflicts in a professional manner.
* Quality & Safety
* Adheres to all safety & security policies and regulations; demonstrates quality work that is accurate, thorough & efficient.
* Continuous Improvement
* Examines personal & organizational processes, promotes opportunities for improvement; analyzes successes & failures to learn and improve.
* Training & Development
* Completes required & suggested training; shows eagerness and capacity to learn; receptive to coaching & feedback.
* Integrity
* Committed to passionately and consistently promoting a professional culture that is trustworthy, honest, socially responsible, and where differences are respected and valued.
* Performance Management
* Sets clear expectations & direction for staff; achieves team results consistently; coaches staff to improve; is a positive role model
* Expense Management
* Plans budget appropriately, uses sound judgment; analyzes operation for improving expense efficiency; demonstrates knowledge of financial process & results.
* Leadership
* Builds commitment to team, company, mission & customer through effective & frequent communications; promotes an environment of trust; fosters a respectful, energetic & positive work culture

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Senior Contract Analyst Education


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Real Senior Contract Analyst Salaries

Job Title Company Location Start Date Salary
Senior Contracts Analyst Transcanada USA Services Inc. Houston, TX Dec 14, 2010 $87,660
Senior Analyst, Contract Finance Partners Healthcare MA Aug 10, 2015 $85,000
Senior Contract Analyst Inertial Labs Inc. VA Apr 11, 2015 $80,496
Senior Contract and Payer Analyst Partners Healthcare Boston, MA Apr 13, 2011 $77,450
Senior Contract Analyst New York University School of Medicine New York, NY Mar 19, 2011 $77,000
Senior Contract Analyst New York University Hospitals Center New York, NY Mar 19, 2011 $77,000
Senior Contract Analyst New York University Hospitals Center New York, NY Jul 01, 2013 $74,880
Senior Contracts Analyst Beth Israel Deaconess Medical Center, Inc. Westwood, MA Jan 23, 2012 $72,509

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Top Skills for A Senior Contract Analyst


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Top Senior Contract Analyst Skills

  1. Financial Analysis
  2. Procedures
  3. Proposals
You can check out examples of real life uses of top skills on resumes here:
  • Supervised contract administration, financial analysis, and procurement staff.
  • Developed and modified procedures to resolve business issues.
  • Generated Clinical/Research Laboratory bids upon Request For Proposals and developed lab pricing initiatives.
  • Maintain contract database with pertinent data and company procedures to ensure timely and accurate execution of contractual terms.
  • Supported the sales team in the preparation of responses to RFP's.

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