What are the responsibilities and job description for the Contract Closeout Specialist position at US Federal Solutions?
US Federal Solutions, a leading management consulting firm, is seeking a highly motivated and skilled Contract Closeout Specialist to support our client. This is a onsite position that offers the opportunity to work in a dynamic and fast-paced environment with a team committed to delivering exceptional service. As a member of our team, you will be responsible for ensuring the timely and accurate closeout of government contracts. This includes reconciling all obligations and costs, preparing final invoices, and terminating all subcontracts and purchase orders.
Responsibilities- Perform cost and price analysis, including analyzing financial reports and statements, in order to determine final closeout costs for contracts.
- Knowledge of monitoring and reviewing aged payables and undelivered orders to ensure purchase orders and contracts are accurately funded and properly managed in accordance with VA guidelines.
- Facilitates communication and problem resolution to ensure proper use and accounting of purchase orders to help expedite closeout as appropriate.
- Prepare and submit final invoices for the closeout process, ensuring that they are accurately coded, approved, and signed.
- Review and verify all contract modifications and adjustments, ensuring that appropriate adjustments are made and that all documentation is accurately maintained.
- Ensure that all subcontracts and purchase orders have been appropriately terminated and that all outstanding issues have been resolved.
- Ensure that all custody and accountability of government property is properly transferred or disposed of in accordance with government regulations.
- Mentoring and coaching of junior members of team
- Bachelor's Degree in Business Administration, Finance, Accounting, or a related field
- At least 3 years of experience in contract closeout, preferably with the VA
- Knowledge of FMS, IPPS, and Vista
- Knowledge of Federal Acquisition Regulation (FAR) as it applies to contracting and procurement
- Proficiency in Microsoft Office suite, particularly Excel
- Excellent analytical and problem-solving skills
- Strong written and verbal communication skills
- Employer-provided paid Medical / Dental / Vision insurance.
- Employer matching 401K plan.
- PTO
- 11 Federal Holidays
- Additionally voluntary benefits to include Short / Long Term Disability, Term Life, and AD&D Insurance.
