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What is the role of a Contract Manager?
What is a Contract Manager? Contract Managers oversee projects performed in partnership between one organization and another. They are responsible for coordinating every aspect of the project from reviewing and approving contract terms to coordinating deadlines, approving budgets and more.
What do you need to be a Contract Manager?
Contract managers earn an average salary of $77,660 per year. Typically, you'll need a bachelor's or master's degree in a business-related field for this position, and certifications may be required in commercial, professional, and federal contracts provided by the National Contracts Management Association.
How much money do contract managers make?
The national average salary for a Contract Manager is $92,981 in United States. Filter by location to see Contract Manager salaries in your area. Salary estimates are based on 200 salaries submitted anonymously to Glassdoor by Contract Manager employees.
Related Question what does a contract manager do
Do you need a JD to be a contracts manager?
No, contract managers don't necessarily have to be attorneys or have law degrees. Their goal is to make sure the sales team can create and execute contracts effectively and efficiently. This means that while they do need to know key legal terms, they don't need to know case law or legal arguments.
Are contracts managers lawyers?
Are contract managers always lawyers? No - it's not necessary to be a lawyer to be an effective contract manager. In some sales-led companies, particularly in sectors like B2B SaaS, the contract manager role is basically a revenue operations role.
What is the difference between a contracts manager and a project manager?
While project managers are responsible for working with cross-functional teams to closely manage new initiatives from start to finish, contract managers are responsible for keeping track of every deadline, deliverable, and other obligations laid out in a company's contracts.
What is a legal contract manager?
The Contract Manager is responsible for managing the contracting process for sales, procurement and non-sales engagements. At the direction of the Director of Contracts & Legal Operations, the Contract Manager will review, negotiate, and manage all contracts, as well as oversee the overall contracting process.