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Senior contract specialist vs pricing specialist

The differences between senior contract specialists and pricing specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing specialist has an average salary of $73,472, which is higher than the $64,744 average annual salary of a senior contract specialist.

The top three skills for a senior contract specialist include contract management, contract terms and federal government. The most important skills for a pricing specialist are powerpoint, work ethic, and pricing strategy.

Senior contract specialist vs pricing specialist overview

Senior Contract SpecialistPricing Specialist
Yearly salary$64,744$73,472
Hourly rate$31.13$35.32
Growth rate-19%
Number of jobs29,64158,317
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 60%
Average age4444
Years of experience--

What does a senior contract specialist do?

A senior contract specialist is responsible for reviewing business contracts and proposals, evaluating terms and conditions, and ensuring that the agreement adheres to business requirements and legislation procedures. Senior contract specialists may modify business documents to improve specifications and obligations, as well as determining the accuracy of financial provisions and feasibility. They must have an excellent understanding of the services that the company offers to identify the correct processes and formulate necessary adjustments for the contract before the final submission.

What does a pricing specialist do?

A pricing specialist is responsible for determining the appropriate pricing and value of the company's goods and services by analyzing the market trends and performing data and statistical analysis. Pricing specialists manage the pricing policies of an organization adhering to the business requirements and state regulations. They adjust pricing strategies according to public and market demands and coordinate with the marketing and sales team to inform and disseminate pricing adjustments to the customers and clients.

Senior contract specialist vs pricing specialist salary

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

Senior Contract SpecialistPricing Specialist
Average salary$64,744$73,472
Salary rangeBetween $42,000 And $98,000Between $48,000 And $111,000
Highest paying CityWashington, DCReno, NV
Highest paying stateCaliforniaConnecticut
Best paying companyBrookhaven National LaboratoryNokia
Best paying industryGovernmentFinance

Differences between senior contract specialist and pricing specialist education

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

Senior Contract SpecialistPricing Specialist
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Senior contract specialist vs pricing specialist demographics

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

Senior Contract SpecialistPricing Specialist
Average age4444
Gender ratioMale, 43.6% Female, 56.4%Male, 36.8% Female, 63.2%
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 specialist and pricing specialist duties and responsibilities

Senior contract specialist example responsibilities.

  • Manage interdepartmental teams in software procurement RFP processes.
  • Manage inventory and distribution activities of the third-party logistics provider.
  • Contract vehicles for government and commercial cover FFP, CPIF, and CPFF for administration.
  • Recommend vendor products for GSA procurement schedules.
  • Negotiate FFP and CP contracts and modifications.
  • Create a SQL code to allocate addl fix dollar rebates.
  • Show more

Pricing specialist example responsibilities.

  • Utilize VBA to automate tasks and increase productivity by significantly decreasing report completion time.
  • Perform research of all bad debt accounts, outstanding checks, statements, bank information and all wire transfers including ACH.
  • Process all derivative trades to valuation systems.
  • Review and report stopped items base on OFAC regulations.
  • Review all OFAC hits and process all false hits.
  • Research and clear quality issues for FHA and conventional loans.
  • Show more

Senior contract specialist vs pricing specialist skills

Common senior contract specialist skills
  • Contract Management, 11%
  • Contract Terms, 8%
  • Federal Government, 5%
  • Market Research, 5%
  • Price Analysis, 4%
  • Management System, 3%
Common pricing specialist skills
  • PowerPoint, 11%
  • Work Ethic, 10%
  • Pricing Strategy, 8%
  • Data Entry, 7%
  • Customer Service, 6%
  • Strong Analytical, 6%

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