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Contract Analyst Jobs in Springfield, IL (NOW HIRING)

Horace Mann

Financial Analyst II

Springfield, IL · On-site

$66K - $92K/yr

Financial Analyst II Location: Springfield, IL (hybrid position with 2-3 days in-office required) Position Summary Supports financial planning, budgeting, forecasting, and business analysis ...

LRS

Associate Business Analyst

Springfield, IL

The LRS Retirement Solutions Group is seeking an Associate Business Analyst in Springfield, Illinois based on the increasing number of customers implementing our PensionGold software. The LRS ...

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All JobsContract Analyst JobsContract Analyst Jobs in Springfield, IL

Contract Analyst information

See Springfield, IL salary details

$39.1K

$75.2K

$116K

How much do contract analyst jobs pay per year?

As of Jun 24, 2026, the average yearly pay for contract analyst in Springfield, IL is $75,209.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,400.00 and $82,800.00 per year, depending on experience, location, and employer.

What Is a Contract Analyst?

A contract analyst handles legal and financial agreements between companies or individuals. As a contract analyst, your job is to review business contracts to make sure that the terms are clear and equitable. Your duties include negotiating terms on your company’s behalf with the other party, analyzing each clause to understand the legal implications, drafting contracts, and presenting contractual agreements to management for approval. The qualifications for a career as a contract analyst are a bachelor’s degree in accounting, finance, or a relevant field and experience working with contracts. Some employers may require a law degree with a focus in contract law.

What are some common challenges faced by Contract Analysts when reviewing and negotiating contracts?

Contract Analysts often encounter challenges such as interpreting complex legal language, ensuring compliance with company policies and regulations, and balancing the interests of multiple stakeholders. They must pay close attention to detail to identify potential risks or unfavorable terms. Effective communication and negotiation skills are essential, as analysts frequently collaborate with legal teams, procurement, and external vendors to resolve ambiguities and reach mutually beneficial agreements.

What does a contract analyst do?

A contract analyst reviews, interprets, and negotiates contracts to ensure compliance with legal and company standards. They analyze contractual terms, identify risks, and collaborate with legal and business teams to draft or modify agreements, often using contract management software. Strong attention to detail and understanding of legal language are essential for this role.

What are the key skills and qualifications needed to thrive as a Contract Analyst, and why are they important?

To thrive as a Contract Analyst, you need a strong background in contract law, document analysis, and risk assessment, typically supported by a bachelor’s degree in business, law, or a related field. Familiarity with contract management systems, Microsoft Office Suite, and sometimes certifications like Certified Commercial Contracts Manager (CCCM) are commonly required. Attention to detail, negotiation skills, and effective communication set outstanding analysts apart. These competencies ensure accurate contract evaluation, compliance, and successful negotiation, which are vital to protecting organizational interests.

What are high paying analyst jobs?

High paying analyst jobs include roles such as financial analysts, data analysts, and management analysts, often requiring strong analytical skills, proficiency with tools like Excel or SQL, and relevant certifications. Salaries vary by industry and experience but typically exceed the median for entry-level positions, with senior roles earning significantly more.

What is the difference between Contract Analyst vs Contract Specialist?

AspectContract AnalystContract Specialist
Required CredentialsBachelor's degree, certifications like CCAP or CPCM often preferredBachelor's degree, similar certifications often required
Work EnvironmentCorporate, government, or consulting firms handling contract analysisLegal, procurement, or contracting departments within organizations
Employer & Industry UsageUsed across industries for analyzing contract terms and risksCommonly employed in procurement and legal teams for contract management
Search & Comparison IntentHigh overlap in analyzing and reviewing contractsFocuses more on contract creation and management

While both roles involve working with contracts, a Contract Analyst primarily reviews and analyzes contract terms to assess risks and compliance. In contrast, a Contract Specialist often manages the entire contract lifecycle, including drafting and negotiations. Understanding these differences helps in choosing the right career path or job search focus.

What contract job pays the most?

Contract analysts typically earn high wages depending on their experience, industry, and location. Specialized roles requiring advanced skills in data analysis, finance, or legal review often pay the most, with senior or niche positions offering higher hourly rates or project-based compensation.

Is it hard to become a contract specialist?

Becoming a contract specialist typically requires a bachelor's degree in a related field and experience with contract management or procurement. Certification such as the Certified Federal Contracts Manager (CFCM) can enhance job prospects, but the difficulty varies based on individual education, experience, and the specific employer's requirements.
More about Contract Analyst jobs
What are the most commonly searched types of Analyst jobs in Springfield, IL? The most popular types of Analyst jobs in Springfield, IL are:
What job categories do people searching Contract Analyst jobs in Springfield, IL look for? The top searched job categories for Contract Analyst jobs in Springfield, IL are:
What cities near Springfield, IL are hiring for Contract Analyst jobs? Cities near Springfield, IL with the most Contract Analyst job openings:
Contract Analyst jobs near you
Infographic showing various Contract Analyst job openings in Springfield, IL as of June 2026, with employment types broken down into 41% Full Time, 29% Temporary, and 30% Contract. Highlights an 46% In-person, 27% Hybrid, and 27% Remote job distribution, with an average salary of $75,209 per year, or $36.2 per hour.

Financial Analyst II

Horace Mann

Springfield, IL • On-site

$66K - $92K/yr

Full-time

Posted 7 days ago

Job description

Job Title: Financial Analyst II
Location: Springfield, IL (hybrid position with 2-3 days in-office required)
Position Summary
Supports financial planning, budgeting, forecasting, and business analysis activities by partnering with division leadership to provide financial insights and decision support. Responsible for analyzing business performance, preparing financial models, and communicating results to leadership while driving process improvements and maintaining strong financial controls.
Key Responsibilities
  • Coordinate budgeting and planning activities with division leadership and provide financial guidance.
  • Analyze budgets, spending trends, and key business drivers to identify risks and opportunities.
  • Serve as a liaison to leadership, presenting budgets, forecasts, and variance analyses.
  • Develop and maintain allocation methodologies and cost drivers.
  • Prepare cost-benefit analyses (CBAs) and financial models to support strategic initiatives and investment decisions.
  • Perform recurring and ad hoc financial analysis, forecasting, and reporting.
  • Prepare or oversee monthly accruals and expense analyses.
  • Ensure expenses are managed and paid in accordance with established controls and policies.
  • Analyze business metrics, forecasts, and industry trends to provide actionable recommendations.
  • Prepare and communicate monthly, quarterly, and annual financial results.
  • Identify opportunities for process improvements and operational efficiencies.

Requirements
  • Bachelor's degree in Finance, Accounting, Business, or related field.
  • 3-5 years of finance, accounting, FP&A, or related experience.
  • Strong analytical, financial modeling, and problem-solving skills.
  • Experience with budgeting, forecasting, and variance analysis.
  • Proficiency with financial systems and tools, including Excel and planning/reporting applications.
  • Strong communication skills with the ability to present financial information to leadership.
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

Salary Range: $66,500.00 - $92,000.00
  • Salary is commensurate to experience, location, etc.

Horace Mann was founded in 1945 by two Springfield, Illinois, teachers who saw a need for quality, affordable auto insurance for teachers. Since then, we've broadened our mission to helping all educators protect what they have today and prepare for a successful tomorrow. And with our broadened mission has come corporate growth: We serve more than 4,100 school districts nationwide, we're publicly traded on the New York Stock Exchange (symbol: HMN) and we have more than $12 billion in assets.
We're motivated by the fact that educators take care of our children's future, and we believe they deserve someone to look after theirs. We help educators identify their financial goals and develop plans to achieve them. This includes insurance to protect what they have today and financial products to help them prepare for their future. Our tailored offerings include special rates and benefits for educators.
EOE/Minorities/Females/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status
For applicants that are California residents, please review our California Consumer Privacy Notice
All applicants should review our Horace Mann Privacy Policy

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