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Senior contract analyst hiring summary. Here are some key points about hiring senior contract analysts in the United States:
Here's a step-by-step senior contract analyst hiring guide:
A senior contract analyst is responsible for creating business agreements and contract negotiations, ensuring that the terms of service adhere to the business' requirements and interests. Senior contract analysts follow strict contractual regulations and legal policies to prevent contract disputes and discrepancies that may pose financial and reputational risks for the business. They should also be informed of the business services and client conditions to verify liabilities and obligations within the contract clauses. A senior contract analyst must have excellent communication and organizational skills, especially in writing expertise, to create and revise contract documents as needed.
Before you start hiring a senior contract analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect senior contract analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents senior contract analyst salaries for various positions.
| Type of Senior Contract Analyst | Description | Hourly rate |
|---|---|---|
| Senior Contract Analyst | $21-39 | |
| Analyst Lead | The duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more | $35-58 |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
Including a salary range in your senior contract analyst job description is one of the best ways to attract top talent. A senior contract analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $71,265 | $34 |
| 2 | Colorado | $70,383 | $34 |
| 3 | Georgia | $69,973 | $34 |
| 4 | Massachusetts | $69,796 | $34 |
| 5 | Texas | $69,052 | $33 |
| 6 | New York | $67,790 | $33 |
| 7 | California | $65,900 | $32 |
| 8 | Nevada | $65,548 | $32 |
| 9 | Maryland | $64,941 | $31 |
| 10 | Pennsylvania | $64,512 | $31 |
| 11 | Arizona | $63,108 | $30 |
| 12 | Louisiana | $62,738 | $30 |
| 13 | Minnesota | $62,595 | $30 |
| 14 | Illinois | $62,590 | $30 |
| 15 | West Virginia | $61,863 | $30 |
| 16 | Ohio | $61,680 | $30 |
| 17 | North Dakota | $58,750 | $28 |
| 18 | Hawaii | $58,246 | $28 |
| 19 | Washington | $57,661 | $28 |
| 20 | Indiana | $56,658 | $27 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | AARP | $99,584 | $47.88 | |
| 2 | BNY Mellon | $90,765 | $43.64 | 1 |
| 3 | NV Energy | $90,263 | $43.40 | |
| 4 | New York City Economic Development | $85,443 | $41.08 | |
| 5 | Maine Health/maine Mental Health Partners | $84,035 | $40.40 | |
| 6 | Salesforce | $81,758 | $39.31 | 6 |
| 7 | Arizona Public Service | $80,320 | $38.62 | |
| 8 | Gartner | $77,230 | $37.13 | 6 |
| 9 | Amyx | $77,029 | $37.03 | 13 |
| 10 | CVS Health | $76,693 | $36.87 | 466 |
| 11 | McLane | $74,824 | $35.97 | 6 |
| 12 | Jhpiego | $74,520 | $35.83 | |
| 13 | Medline | $73,994 | $35.57 | 7 |
| 14 | Aerojet Rocketdyne | $72,213 | $34.72 | |
| 15 | AURA | $71,799 | $34.52 | |
| 16 | LogixHealth | $71,740 | $34.49 | |
| 17 | AmerisourceBergen | $71,299 | $34.28 | |
| 18 | United | $71,142 | $34.20 | 4 |
| 19 | Burns & McDonnell | $70,875 | $34.07 | 2 |
| 20 | Medtronic | $70,216 | $33.76 | 12 |
A good senior contract analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a senior contract analyst job description:
To find the right senior contract analyst for your business, consider trying out a few different recruiting strategies:
Your first interview with senior contract analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the senior contract analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is 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.
Recruiting senior contract analysts involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
Senior contract analysts earn a median yearly salary is $60,645 a year in the US. However, if you're looking to find senior contract analysts for hire on a contract or per-project basis, hourly rates typically range between $21 and $39.