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Senior contract analyst vs contracts specialist

The differences between senior contract analysts 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 $60,645 average annual salary of a senior contract analyst.

The top three skills for a senior contract analyst include contract administration, SQL and analytical support. The most important skills for a contracts specialist are veterans, DOD, and contract administration.

Senior contract analyst vs contracts specialist overview

Senior Contract AnalystContracts Specialist
Yearly salary$60,645$63,727
Hourly rate$29.16$30.64
Growth rate9%-6%
Number of jobs52,25427,244
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 62%
Average age4444
Years of experience--

What does a senior contract analyst do?

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.

What does a contracts specialist do?

A contract specialist is responsible for evaluating contract agreements between the business and its clients. Contract specialists write beneficial deals that would develop good, professional working partnerships. They negotiate terms with clients, analyzing bid offers, review legislation processes and regulations, provide immediate resolution for breach of contracts, manage procurement proposals, and communicate with potential and existing clients for any amendments and clarifications. A contract specialist must have excellent communication and negotiation skills and broad knowledge of legal terminologies and contract styles.

Senior contract analyst vs contracts specialist salary

Senior contract analysts and contracts specialists have different pay scales, as shown below.

Senior Contract AnalystContracts Specialist
Average salary$60,645$63,727
Salary rangeBetween $44,000 And $82,000Between $40,000 And $99,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateColoradoDelaware
Best paying companyAARPGoogle
Best paying industryFinanceGovernment

Differences between senior contract analyst and contracts specialist education

There are a few differences between a senior contract analyst and a contracts specialist in terms of educational background:

Senior Contract AnalystContracts Specialist
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Senior contract analyst vs contracts specialist demographics

Here are the differences between senior contract analysts' and contracts specialists' demographics:

Senior Contract AnalystContracts Specialist
Average age4444
Gender ratioMale, 40.4% Female, 59.6%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 senior contract analyst and contracts specialist duties and responsibilities

Senior contract analyst example 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.
  • Assist in preparation of RFQ.
  • Manage expectations of DCMA / DCAA regulators and when necessary defend evaluated/negotiated positions.

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

Senior contract analyst vs contracts specialist skills

Common senior contract analyst skills
  • Contract Administration, 16%
  • SQL, 7%
  • Analytical Support, 6%
  • Cost Savings, 6%
  • Customer Service, 5%
  • Contract Language, 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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