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Contract Closeout Specialist (Mid-Level) (0009)

OCT Consulting is an SBA-certified, 8(a) small business management and technology consulting firm that provides support to Federal Government clients. We provide consulting services in the areas of Strategy, Process Improvement, Change Management, Program and Project Management, Acquisition/Procurement, and Information Technology.

Responsibilities and Duties

We currently have openings for Acquisition Professionals with a minimum of five (5) years of Contract Specialist (or) Contracting and Procurement experience with a specialization in close-out activities. Experience supporting an acquisition office in the Contract and Procurement Series, 1102 is preferred. The experience can be either as a federal government employee or as a contractor supporting a Federal or commercial acquisition office or combination of both. An expertise in closing firm-fixed, cost-reimbursement, time and material, labor hour, or any variant to include hybrid contracts is required.

Minimum of five (5) years of federal contract closeout experience

Bachelor's Degree is preferred

Must have experience with preparation of expired contracts for archiving or destruction

Must have experience with closing both simple and complex contract types (i.e., FFP, LH, Cost-types)

Must be able to obtain or retain a Public Trust clearance.

Must be a US Citizen

The position includes competitive compensation and a full suite of benefits:

Medical, Dental, and Vision insurance

Retirement savings 401K plan provided by an industry leading provider with 3% employer contributions.

Paid Time Off

Life Insurance, Short- and Long-Term disability benefits

Training Benefits

About US

OCT Consulting LLC is a certified SBA 8(a), minority owned, small, disadvantaged business providing professional services and Information technology solutions to the federal government and commercial clients. Founded in 2013, we bring the advantage of agility in operations along with a management team with a track record of leading successful engagements at major federal government agencies.

OCT is committed to a diverse and inclusive workplace. OCT is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

Starting Salary: $85,000

Average salary estimate

$85000 / YEARLY (est.)
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$85000K
$85000K

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What You Should Know About Contract Closeout Specialist (Mid-Level) (0009), OCT Consulting, LLC

Are you ready to take your career to the next level as a Contract Closeout Specialist at OCT Consulting? We're thrilled to invite skilled professionals who have a minimum of five years of experience in Contracting and Procurement, specifically in close-out activities, to join our dedicated team. At OCT Consulting, an SBA-certified, 8(a) small business, we provide exceptional management and technology consulting services primarily to Federal Government clients. In this mid-level role, you'll be a vital player in closing out firm-fixed, cost-reimbursement, time-and-material contracts, and various hybrid contracts. It’s essential that you have experience working in federal acquisition offices, whether as an employee or contractor. If you have expertise in preparing expired contracts for archiving or destruction, we want to hear from you! You'll work in a supportive environment that values your input and offers opportunities for growth, backed by a competitive salary of $85,000 and a comprehensive benefits package including medical, dental, vision, and a robust 401K plan. At OCT Consulting, we believe in fostering a diverse and inclusive workplace where all are welcome to launch their careers. If you meet the qualifications and possess a Bachelor's Degree, or are eager to learn and adapt, we encourage you to explore this exciting opportunity with us. Join us as we make a positive impact through our innovative services and become part of our growing family!

Frequently Asked Questions (FAQs) for Contract Closeout Specialist (Mid-Level) (0009) Role at OCT Consulting, LLC
What qualifications are needed for the Contract Closeout Specialist position at OCT Consulting?

To qualify for the Contract Closeout Specialist role at OCT Consulting, candidates need a minimum of five years of relevant experience in Contracting and Procurement, specializing in contract close-out activities. A Bachelor’s Degree is preferred, and experience in both simple and complex contract types is essential. Familiarity with preparing contracts for archiving or destruction is also required.

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What are the responsibilities of a Contract Closeout Specialist at OCT Consulting?

As a Contract Closeout Specialist at OCT Consulting, your main responsibilities will include closing out various contract types such as firm-fixed-price and cost-reimbursement contracts. You'll prepare expired contracts for archiving or destruction, ensuring compliance with federal regulations. Additionally, you will collaborate closely with acquisition offices to streamline processes and support project management initiatives.

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What salary can be expected for the Contract Closeout Specialist position at OCT Consulting?

The starting salary for the Contract Closeout Specialist at OCT Consulting is $85,000, which reflects the importance of this role within our organization and aims to attract top talent in the field. Alongside a competitive salary, we offer a full benefits package to support our employees' wellbeing.

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Is prior experience in federal contracting necessary for the Contract Closeout Specialist role at OCT Consulting?

Yes, prior experience in federal contracting is essential for the Contract Closeout Specialist role at OCT Consulting. Candidates should demonstrate a solid understanding of the federal contract closeout process, either through their work as federal employees or contractors in acquisition offices.

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What is the focus of OCT Consulting, and how does it relate to the Contract Closeout Specialist position?

OCT Consulting is focused on providing management and technology consulting services to federal government clients. The Contract Closeout Specialist plays a crucial role in ensuring that contracts are properly concluded, contributing to the organization’s overall efficiency and effectiveness in program and project management, and ultimately supporting the successful delivery of services to clients.

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Common Interview Questions for Contract Closeout Specialist (Mid-Level) (0009)
Can you explain the contract closeout process you typically follow?

Certainly! The contract closeout process involves several key steps: confirming all deliverables have been met, ensuring final payments are made, preparing necessary documentation for records, and ensuring compliance with regulations. I prioritize clear communication with all stakeholders to facilitate smooth transitions and prevent delays.

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What types of contracts have you worked with in your previous roles?

In past positions, I have extensive experience with various types of contracts including firm-fixed-price, cost-reimbursement, and time-and-material contracts. This range of experience has equipped me well to understand the nuances of each type and manage the closeout process effectively.

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Describe a challenging situation you've faced during a contract closeout and how you handled it.

During a contract closeout, we encountered discrepancies in deliverable submissions. I initiated a detailed review process with the project team and the vendor, fostering open communication to address issues. Collaboratively, we resolved the discrepancies and successfully completed the closeout on time, enhancing our working relationship.

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How do you ensure compliance with federal regulations during the contract closeout process?

I keep myself updated with federal acquisition regulations and internal policies. During the closeout process, I conduct comprehensive reviews of all documentation to ensure every requirement is met, and I maintain meticulous records for transparency and accountability.

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What skills do you think are most important for a Contract Closeout Specialist?

Key skills include attention to detail, strong analytical abilities, effective communication and negotiation skills, and a solid understanding of contract law and regulations. Being organized and having the ability to work under deadlines is also crucial to successfully manage closeout activities.

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How do you handle disagreements with colleagues regarding contract interpretations?

I believe in addressing disagreements constructively by referring to the contract terms and relevant policies. Open discussions are important, and I strive to find a common ground. If necessary, I involve relevant stakeholders to ensure that any interpretations align with legal requirements.

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What tools or software do you use for contract management?

I am proficient in various contract management software tools that facilitate tracking and documentation of contracts, such as ProLaw and COINS. These tools enable efficient management of contract data and help streamline the closeout processes.

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How do you keep track of multiple contracts during the closeout process?

I prioritize effective project management techniques, such as using project management software and maintaining an organized tracker that details timelines, outstanding deliverables, and correspondence regarding each contract. This helps me monitor progress and ensure nothing falls through the cracks.

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What is your approach to preparing expired contracts for archiving or destruction?

My approach involves appraising each contract to ensure all closeout activities are completed, reviewing for necessary documentation, and verifying compliance with any legal retention requirements before proceeding with archiving or destruction according to established protocols.

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Why do you want to work as a Contract Closeout Specialist at OCT Consulting?

I am drawn to OCT Consulting's commitment to excellence and its supportive work environment. I believe my skills and experience align well with the responsibilities of the Contract Closeout Specialist role, and I am eager to contribute to a team that is dedicated to delivering high-quality services to federal clients.

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OCT Consulting LLC is a boutique management consulting firm providing federal government and commerical clients with highly skilled professional services

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DATE POSTED
March 21, 2025

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