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Become A Senior Contract Specialist

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Working As A Senior Contract Specialist

  • $81,000

    Average Salary

What Does A Senior Contract Specialist Do At Thermo Fisher Scientific

* Work with commercial and business teams, facilitate corporate processes for contract review and ensure that contracts are concluded in a timely manner and in a process consistent with all corporate requirements
* Prepare, review, redline, and amend contracts including distribution agreements, license agreements, supply agreements, OEM agreements, purchase and sale terms, consulting agreements, confidential disclosure agreements and quality agreements
* Possess and further develop an in depth knowledge of key terms, both legal and business, when negotiating agreements
* Must be capable of drafting agreements, including crafting language that effectively communicates complex technical and business terms in clear and concise contractual terms
* Work with lawyers in various specialty areas, other contract specialists and legal staff in the legal department to coordinate review of contracts by responsible in-house business counsel
* Communicate regularly and report on the status of contracts with the Senior Manager/ Contracts Management, Senior Corporate Counsel, Deputy General Counsel, VP and GM level business leadership, and directly with business contacts
* Flag and escalate appropriate matters to the Senior Manager/Contracts Management and Senior Corporate Counsel for guidance
* In conjunction with corporate legal requirements, provide training to internal clients on a variety of contract-related and other legal topics
* Minimum RequirementsBachelor s degree from an accredited higher learning program requiredParalegal Certificate, or CCCM or CPCM CertificationJ
* D

What Does A Senior Contract Specialist Do At Rockwell Collins

* Participate in proposal reviews and approvals.
* Brief management on terms and conditions.
* Review contractual terms and conditions for their acceptability, as well as, assessing risk and impact to the proposal utilizing the Company resources including Program Management, Pricing, Treasury, Tax, Risk Management/Insurance, Regulatory Compliance, Legal, HR, sales, and finance.
* Identify significant risks and develop unique contract terms and conditions to mitigate the risks when necessary.
* Provide alternate terms and conditions to Customer.
* Operate in accordance with company policies and practices, and in compliance with accepted business ethics.
* Lead and conduct contract negotiation and management of contracts.
* Coordinate inputs from Program Management, Pricing, Treasury, Tax, Risk Management/Insurance, Regulatory Compliance, Legal and HR, sales, and finance units.
* Analyze contracts to ensure compliance to company policy, government and state and local specifications and other requirements.
* Provide contract status and assistance to the program manager, functional areas, and management.
* Negotiate, and administer Non-disclosure Agreements and Teaming Agreements.
* Take proper action to close out the contract in accordance with applicable procedures at the conclusion of all activity.
* Assure the timely communication of contract information to appropriate persons and maintains complete and accurate contract files.
* Act as principal interface with internal/external customers on contractual matters.
* Take necessary action or coordinate action to resolve any contractual problems on a timely basis.
* Work is performed generally without direction for all but the most complex matters.
* Exercises considerable latitude in and approaches to assignment.
* Attributes:
* Cooperation
* Foster teamwork across the company, always acting with the best interests of the company in mind.
* Customer Service Orientation
* Provide superior customer experiences, while building long-term relationships and demonstrating a passion towards customer commitments.
* Dependability
* Exert consistent effort to provide quality results that are focused on the bottom-line.
* Detail Orientation
* Consistently produce quality results while striving to work to the best of one's ability.
* Judgement
* Able to make quick and well-informed decisions, even under high pressure situations.
* Listening
* Practice active listening while assimilating new information as the speaker continues.
* Writing
* Consistently and effectively review all written correspondences before they are disseminated.
* We believe having a solid work-life balance creates a healthy lifestyle and inspires creativity.
* At Rockwell Collins IMS, we encourage career development and seek ways to provide you with opportunities for growth and variety in your work.
* And that’s just for starters.
* Day one as an employee kicks off with a competitive benefit package of plans that include medical, dental, vision, and more.
* In addition, we have a generous 401(k) plan that matches dollar for dollar up to 6%, a Roth 401(k) option, educational assistance, and flexible work schedules.
* Interested yet? If so, apply now and embark on your next worthwhile adventure

What Does A Senior Contract Specialist Do At General Dynamics Mission Systems

* General Dynamics Mission Systems (GDMS), a market leader and technology innovator, is seeking talented professionals to deliver cutting edge solutions to our customers.
* General Dynamics Mission Systems has an immediate opening for a Senior Principal Contracts Specialist to join our Contracts team.
* The position provides an opportunity to enhance the business operations that support some of our nation's fundamental defense services.
* General Dynamics Mission Systems employees work closely with esteemed clients to develop solutions that allow them to carry out high-stakes national security missions.
* The selected candidate will work with collaborative teams, monitoring contract performance to maximize earnings and return on investment.
* In addition to receiving a competitive salary and generous health and personal benefits, the Senior Principal Contracts Specialist will enhance their skill set among a talented and technically accomplished group of colleagues.
* The employee will also enjoy a flexible work environment where contributions are recognized and rewarded.
* Key Responsibilities
* The Senior Principal Contracts Specialist administers and monitors the performance of government prime contracts and subcontracts.
* This individual is also responsible for negotiating new business proposals and managing existing company contracts.
* Employees in this role review General Dynamics Mission Systems contracts and related documents to ensure adherence to company policy, government specifications and requirements, and/or conformance to master agreements.
* The selected candidate must keep a keen eye on our contract obligations and any accompanying adjustments.
* Additional Responsibilities
* Practice creative thinking and ideation to advance our business performance.
* Deliver innovative, flexible, integrated solutions to meet customers changing business needs.
* Support and engage in programs, projects and practices behind the GDMS culture and strategy, and comply with all policies and procedures.
* Follow industry and department trends and developments to ensure GDMS services are consistent with, and/or superior to, industry best practices

What Does A Senior Contract Specialist Do At United Technologies Corporation

* Manages all contract actions which include:
* Drafting non-disclosure agreements, administering existing contracts, analyzing and negotiating claims and settlements; supporting audits and liaising with both internal/external customers.
* Conducting contract negotiations within the limits of corporate policies.
* Evaluating, developing and providing recommended Terms and Conditions (T&Cs) for individual contracts; tailoring T&Cs for uniqueness of individual pursuits; coordinating the tailoring with UTAS supervisors and justifying suggested deviations from UTAS standard T&Cs.
* Compiling and seeking approval for explanatory narrative in cost volumes of proposals; supporting proposal reviews when assigned.
* Analyzing contracts received from the government and industry primes; identifying points of negotiation.
* Providing contract advice and working with various functional areas (i.e. Legal, Business Development, Program Management, Engineering, Finance, Supply Chain etc.) in support of proposals, agreements and other activities as required.
* Providing complete contract life-cycle activities including contract kick-off, management, administration and termination activities in accordance with UTAS Contracts standard work instructions.
* Coordinating with government and industry counterparts to establish professional working relationships which facilitate successful negotiations and exchange of information.
* Working with the International Trade Compliance (ITC) Department, and others, to ensure strict compliance with applicable Import/Export Laws, as necessary.
* Assisting with the development, assessment and enforcement of payment terms, such as identifying qualifications for milestone payments and invoice approvals.
* Participating in and supporting ongoing assessment and improvement of standard work related to contracts and compliance policies and procedures.
* Conducting training on important contractual issues to raise business awareness and mitigate risks to the business as necessary and appropriate

What Does A Senior Contract Specialist Do At Cigna

* Manages complex contracting and negotiations for fee for service and value-based reimbursements with hospitals and other providers (e.g., Hospital systems, Ancillaries, and large physician groups).
* Builds relationships that nurture provider partnerships and seeks broader value-based business opportunities to support the local market strategy.
* Initiates and maintains effective channels of communication with matrix partners including but not limited to, Claims Operations, Medical Management.
* Credentialing, Legal, Medical Economics, Compliance, Sales and Marketing and Service.
* Manages strategic positioning for provider contracting, develops networks and identifies opportunities for greater value-orientation and risk arrangements.
* Contributes to the development of alternative network initiatives.
* Supports and provides direction to develop network analytics required for the network solution.
* Works to meet unit cost targets, while preserving an adequate network, to achieve and maintain Cigna's competitive position.
* Creates and manages initiatives that improve total medical cost and quality.
* Drives change with external provider partners by assessing clinical informatics and offering consultative expertise to assist with total medical cost initiatives.
* Prepares, analyzes, reviews, and projects financial impact of larger or complex provider contracts and alternate contract terms.
* Creates “HCP” agreements that meet internal operational standards and external provider expectations.
* Ensures the accurate implementation, and administration through matrix partners.
* Assists in resolving elevated and complex provider service complaints.
* Researches problems and negotiates with internal/external partners/customers to resolve highly complex and/or escalated issues.
* Manages key provider relationships and is accountable for critical interface with providers and business staff.
* Demonstrates knowledge of providers in an assigned geographic area through understanding the interrelationships as well as the competitive landscape.
* Responsible for accurate and timely contract loading and submissions and interface with matrix partners for network implementation and maintenance

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Senior Contract Specialist Career Paths

Senior Contract Specialist
Contracts Manager Project Manager Business Development Manager
Business Development Director
11 Yearsyrs
Contracts Manager Project Manager
Project Director
8 Yearsyrs
Contracts Manager Project Manager Purchasing Manager
Supply Chain Manager
10 Yearsyrs
Contracts Manager
9 Yearsyrs
Senior Contract Administrator/Contract Administrator
Subcontracts Manager
11 Yearsyrs
Senior Contract Administrator/Contract Administrator Purchasing Manager
Category Manager
8 Yearsyrs
Senior Contract Administrator/Contract Administrator Purchasing Manager Program Manager
Operations Program Manager
9 Yearsyrs
Senior Subcontract Administrator
Purchasing Manager
9 Yearsyrs
Senior Subcontract Administrator Program Manager Operations Director
Director Of Business Operations
10 Yearsyrs
Senior Subcontract Administrator Program Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Senior Consultant Manager Production Manager
Material Manager
9 Yearsyrs
Senior Consultant Manager Information Technology Project Manager
Contract Project Manager
10 Yearsyrs
Senior Consultant Information Technology Project Manager
Manager, Project Management
9 Yearsyrs
Subcontracts Manager
Contracts Director
12 Yearsyrs
Manager Owner Maintenance Manager
Special Projects Manager
7 Yearsyrs
Senior Contract Analyst Senior Analyst Senior Finance Analyst
Pricing Manager
7 Yearsyrs
Senior Contract Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Lead Contractor
7 Yearsyrs
Senior Team Lead Senior Account Executive
Vice President, Business Development
13 Yearsyrs
Senior Contracts Negotiator
8 Yearsyrs
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Do you work as a Senior Contract Specialist?

Senior Contract Specialist Demographics

Gender

Female

51.7%

Male

39.2%

Unknown

9.2%
Ethnicity

White

59.0%

Black or African American

15.3%

Hispanic or Latino

14.5%

Asian

7.6%

Unknown

3.6%
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Foreign Languages Spoken

Spanish

41.3%

German

10.9%

French

10.9%

Portuguese

4.3%

Russian

4.3%

Italian

4.3%

Gujarati

2.2%

Marathi

2.2%

Dutch

2.2%

Armenian

2.2%

Japanese

2.2%

Hindi

2.2%

Urdu

2.2%

Arabic

2.2%

Croatian

2.2%

Afar

2.2%

Thai

2.2%
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Senior Contract Specialist Education

Schools

University of Phoenix

14.6%

Strayer University

12.7%

George Washington University

9.8%

University of Maryland - University College

7.6%

Webster University

7.3%

Defense Acquisition University

5.4%

Ashford University

4.1%

Howard University

3.8%

Florida Institute of Technology-Melbourne

3.8%

University of Houston

3.8%

University of Virginia

3.5%

Villanova University

3.2%

University of Maryland - College Park

3.2%

Community College of the Air Force

2.8%

University of the District of Columbia

2.8%

San Diego State University

2.5%

DePaul University

2.5%

National University

2.2%

Troy University

2.2%

George Mason University

2.2%
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Majors

Business

45.6%

Law

10.9%

Management

6.9%

Political Science

4.7%

Finance

4.0%

Accounting

3.2%

Project Management

2.8%

Legal Support Services

2.5%

Marketing

2.2%

Public Administration

2.1%

Legal Research And Advanced Professional Studies

2.0%

Psychology

2.0%

Human Resources Management

1.6%

Communication

1.5%

Criminal Justice

1.5%

Supply Chain Management

1.5%

International Business

1.3%

Health Care Administration

1.3%

Education

1.1%

Economics

1.1%
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Degrees

Bachelors

34.6%

Masters

29.1%

Other

13.8%

Doctorate

10.1%

Certificate

6.5%

Associate

5.3%

Diploma

0.4%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$81,000
View Detailed Salary Report
$41,000
Min 10%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$81,000
Median 50%
$158,000
Max 90%
Best Paying Company
Cheniere Energy
Highest Paying City
Minneapolis, MN
Highest Paying State
North Dakota
Avg Experience Level
4.0 years
How much does a Senior Contract Specialist make at top companies?
The national average salary for a Senior Contract Specialist in the United States is $81,430 per year or $39 per hour. Those in the bottom 10 percent make under $41,000 a year, and the top 10 percent make over $159,000.

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Top Skills for A Senior Contract Specialist

  1. Contractor Proposals
  2. Procedures
  3. Contract Negotiations
You can check out examples of real life uses of top skills on resumes here:
  • Evaluated offers and performed detailed analyses of all elements of cost for contractor proposals and establish competitive range determinations as necessary.
  • Interpreted and applied general contracting policies outlined in federal regulations to include internal policies and procedures.
  • Counseled executive management in strategic business decisions and spearheaded contract negotiations with global service providers and worldwide customers.
  • Evaluated and monitored contract performance to determine necessity for amendments or extensions of contracts, and compliance to contractual obligations.
  • Participated in RFP/contracting process to outsource technical services function; trained outsourcing supplier personnel.

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Top Senior Contract Specialist Employers

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