Contract Management Associate at Lockheed Martin Corporation (2023)

Arlington, Virginia; Stratford, Connecticut

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About

At Lockheed Martin, we apply our passion for purposeful innovation to keep people safe and solve the world's most complex challenges.

Mission-Focused Innovation: From aerospace to outer space to cyber space, you can solve the world's most complex challenges for our customers.

Foundational Values: Our culture of performance excellence, ethics, teamwork and inclusion is embedded in everything we do.

Diverse Career Opportunities with Meaningful Work: Grow your career and skills for life. Our technology-driven learning platforms and programs enable your development and agility.

Your Health, Your Wealth, Your Life: Our flexible schedules, competitive pay and comprehensive benefits enable you to live a healthy, fulfilling life at and outside of work.

Empowered to Be Your Best: Use your strengths to make a difference in the lives of one another, our customers, our communities and our planet.

Commitment to Sustainability: We foster innovation, integrity and security to preserve the environment, strengthen diverse communities and propel growth.

(Video) Intro to Contract Management

Here, the possibilities are endless because we offer:

  • Flexible Schedules, dependent on role
  • Levels: Student, Entry, Mid, Senior, Management
  • Locations: Nationwide & OCONUS Positions

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Qualifications

See what it takes to be a successful Lockheed Martin employee.

  • Collaborative

    There is no innovation without imagination. You bring new, different and exciting ideas to the table every day. You are committed to the success of your team.

  • Curious

    The ability to explore and drive new ideas. You think innovatively to come up with creative solutions to complex challenges.

  • Goal-oriented

    From planning and organizing to decision making, goal orientation produces impactful results. You set goals and strive to make things happen quickly and efficiently.

  • Proactive

    The ability to anticipate, plan and prepare for what lies ahead. You act rather than react to potential situations.

  • Problem Solver

    You work to tackle tough problems with complex solutions.

  • Strategic

    You observe, reflect and analyze processes to make more informed decisions.

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Quote

“Before I came to Lockheed Martin, I never thought I’d get these opportunities. The benefits available and the company’s value culture make it an incredibly supportive place to work, and I’m grateful to work somewhere that wants me to succeed. I hope to have a long career here making an impact, and I know I’ll be supported in doing that every step of the way.”

Ryan J., Enterprise Operations

Benefits

  • Healthcare

    Medical, Dental and Vision coverage is available for employees who opt-in.

  • 401(k)/Retirement Plans

    Our 401(k) plan features generous matching and company contributions.

  • Professional Development

    We support our employees through mentoring, internal & external educational programs, networking, skills enhancement and career-building programs.

  • Maternity and Paternity Leave

    Our generous parental leave policies support your journey into parenthood. When you return to work, our facilities offer mother's rooms to support your transition and work/life balance.

    (Video) I GOT REJECTED BY BOEING | Interview Fail

  • Paid Time Off

    We offer PTO, paid holidays and paid time off for jury duty and military obligations.

  • Flex-time

    Depending on the position, we offer flexible work schedules.

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Job Responsibilities

Contract Management Associate

Arlington, Virginia; Stratford, Connecticut

Job ID: 618440BR Date posted: Oct. 19, 2022 Locations: Arlington, Virginia; Stratford, ConnecticutProgram: CH-53K COVID-19 continues to significantly impact our employees, families and communities. With employee health and safety as our top priority, and as a federal contractor, Lockheed Martin is taking action to address the increased risk and uncertainty COVID-19 variants pose in the workplace and ensuring we meet our commitments to national security.

To uphold safety for all employees, we will continue to request vaccination status for all Lockheed Martin employees including new hires. All current and newly hired employees are required to follow onsite safety measures based upon the COVID-19 Community Level at the specific work location.
Description:At Lockheed Martin, we are passionate about innovation and integrity. We believe that by applying the highest standards of business ethics and forward-thinking, everything is within our capacity – and yours as a Lockheed Martin employee. Lockheed Martin values your skills, training, education and background.

Do you want to be part of an environment that encourages and supports employees to think big, perform with quality and build incredible products? We provide the resources, encouragement, and focus - if you have the resourcefulness and courage to work hard, then we want to build a better tomorrow with you. Come and experience your future!
Benefits: In addition to the responsibilities highlighted above we offer extensive benefits to include competitive 401k, insurance and a new 4/10 schedule. We remain an equal opportunity company.

The Contracts Manager Associate will support CH-53K platform with primary focus on CH-53K Supportability activities including contract administration, proposal development, and negotiation. This is an entry level position, training in all areas outlined below will be provided. A strong work ethic, the willingness to learn and grow, ability to foster relationships in a collaborative environment, and desire to meet and overcome challenges will be the key to success in this role.

Associate will provide support to 53K Contract lead in reviewing and evaluating customer requests for proposal or revisions to contracts and IWTAs; providing risk assessments and exploring alternative approaches to mitigate risks, including contractual language; and reviewing and reconciling significant contract changes involving cost, specifications, schedules, etc.

May require travel. Job may require additional duties that may or may not be outside specific area of expertise.
Job responsibilities include but are not limited to:
• Supporting Contract lead in all activities to support program financial and strategic goals
• Preparing contracts work product such as proposals, contracts, terms and conditions, and modification documents
• Ensuring that contracts are negotiated and administered in accordance with applicable laws, regulations, and Lockheed Martin policies and procedures
• Reviewing and evaluating customer requests for proposal and revisions to contracts
• Developing and executing negotiation strategies
• Preparing and presenting briefings to management and customers
• Developing productive working relationships with internal and external customers

Additionally, the candidate must maintain a high standard of ethics. Understand and implement Lockheed Martin corporate and local policies and procedures. Candidate should be a self-starter who requires minimal supervision and has the ability to comprehend complex financial and business concepts and suggest viable alternatives during negotiation. Should be able to handle multiple assignments and achieve program goals and deadlines in a fast-paced environment. Successful candidate will be required to become familiar with the unique program requirements in minimal time.

Candidate should possess computer skills including Word, Excel and PowerPoint, with ability to grasp other software applications required to perform job duties; have excellent written and oral communication skills; should be detail and teamwork oriented with excellent organizational and prioritization skills; and possess strong interpersonal skills. Develops and maintains good working relationships with customers, integrated program team members, and industry peers.
Basic Qualifications:
- Bachelor’s degree in a related discipline
- Excellent verbal, writing, and business-related skills
- Excellent relationship building skills
- Ability to understand core financial and business concepts
Desired Skills:
- Basic understanding of contract and finance principles
- Strong Work ethic: analyzes work, sets goals, develops action plans, and utilizes time effectively
- Communication: utilizes effective verbal and written communication.
- Project management: organizes, prioritizes and manages multiple assignments and priorities.
- Customer service: anticipates the needs of internal and/or external customers and offers solutions by demonstrating extra effort and maintaining a healthy attitude toward meeting customer needs.
- Judgment: draws on core values, knowledge, and personal experience to make educated decisions.
- Effectiveness under stress; demonstrates the ability to think, function and lead effectively under conditions of mental pressure. Clearance Level: None Other Important Information You Should KnowExpression of Interest: By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.Ability to Work Remotely: Part-time Remote Telework: The employee selected for this position will work part of their work schedule remotely and part of their work schedule at a designated Lockheed Martin facility. The specific weekly schedule will be discussed during the hiring process.Work Schedules: Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.Schedule for this Position: 4x10 hour day, 3 days off per week Lockheed Martin is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status. Join us at Lockheed Martin, where your mission is ours. Our customers tackle the hardest missions. Those that demand extraordinary amounts of courage, resilience and precision. They’re dangerous. Critical. Sometimes they even provide an opportunity to change the world and save lives. Those are the missions we care about.

As a leading technology innovation company, Lockheed Martin’s vast team works with partners around the world to bring proven performance to our customers’ toughest challenges. Lockheed Martin has employees based in many states throughout the U.S., and Internationally, with business locations in many nations and territories.

Experience Level: Experienced ProfessionalBusiness Unit: RMSRelocation Available: PossibleCareer Area: Contracts Type: Full-Time Shift: First

Apply Now

Together, Let's Change The World For The Better.

From green energy to aerospace, there are so many ways you can make a difference with us.

(Video) Lockheed Martin comments on receiving new contract

Contract Management Associate at Lockheed Martin Corporation (1)

Applying at Lockheed Martin

We’re thrilled that you are interested in joining the team at Lockheed Martin! Since applying for a job can be a bit of a mystery at times, we wanted to let you know exactly what to expect during the process with Lockheed Martin.

Contract Management Associate at Lockheed Martin Corporation (2)

Year in Review: The Missions, Milestones and Challenges Faced in 2020

As the world faced unprecedented challenges this year, we continued to deliver on our mission and support our customers around the world.

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Contract Management Associate at Lockheed Martin Corporation (3)

Living our Company Values Amid COVID-19

Throughout the COVID-19 pandemic, our employees have lived the company’s core values of doing what’s right, respecting others, and performing with excellence.

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Contract Management Associate at Lockheed Martin Corporation (4)

(Video) Meet Herb Baker | Fmr. Manager, Operations Support | NASA

Lockheed Martin: In The Community

Evan Sanders, a running miracle himself, survived his battle with cancer and is now one of the many Lockheed Martin employees who give back to their communities. Learn more here.

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(Video) Basic Contract Administration & Subcontract Administration Terminology

FAQs

Is contract manager a good job? ›

Becoming a contracts manager is a great job with a lucrative compensation package and promising career prospects. You can specialise in a particular industry and become a consultant.

What qualifications does a contract manager need? ›

To become a contracts manager or a contracts engineer, you could complete a foundation degree, Higher National Diploma (HND) or undergraduate degree in a subject that covers contract law, such as: Civil or structural engineering. Construction management. Business or contract management.

Do contract jobs have higher salary? ›

Although contract work usually offers higher wages, you can earn benefits and paid time off as a full-time employee. Stability: Full-time work provides financial stability, while contract work may offer a higher earning potential over a shorter period of time.

Is being a contract manager hard? ›

Summary: Being a contract manager in today's diverse business landscape can be an interesting and difficult challenge. Not only is there a lot of hard work involved, you also need: The correct attitude.

What are the three stages of contract management? ›

The crucial process of contract management is composed of three phases: pre-award, award, and post-award. Each of these three phases of contract management covers a different step in an agreement's life cycle, and each is equally important to its success.

How much do contracts managers earn? ›

Average £40,431 per year.

What is another title for contract manager? ›

Similar Job Titles to a Contract Manager

For example, some employers may refer to a Contract Manager as either a Contract Specialist or a Contract Administrator.

Should I accept a contract position? ›

You should take a contract job because contract work provides additional experience, knowledge, skills, and gives you more control of your schedule. A contract assignment also gives you the opportunity to work in different industries within a relatively short period of time.

Is it good to join as contract employee? ›

Contractual jobs pay well

Contractors constantly evolve and learn new skills due to the sheer number of opportunities they have. This highly developed skill-set is appealing to organizations. Although permanent employees get company benefits such as paid leave, insurance, etc.

Can a contract employee become permanent? ›

Contract-to-permanent employees typically work for three to six months as a temp or contracted worker. After the trial or training period is complete, if their performance was acceptable, they are then eligible for a full-time, permanent position.

Is contract manager a stressful job? ›

The workload can be considerable depending on the number of existing contracts to be managed, and the usually random arrival rate of new contracts. Getting overwhelmed by the sheer volume of work is debilitating and stressful.

Is contracting a stressful job? ›

Between long hours, tough deadlines, a short-staffed crew and project uncertainty, working in the contracting business sure comes with its fair share of stressors. While it's impossible to eliminate it completely, there are some practices you can adopt to help reduce your overall daily level stress level.

Do contract managers get bonuses? ›

The average bonus for a Contracts Manager is $8,973 which represents 9% of their salary, with 99% of people reporting that they receive a bonus each year.

What is the role of contract management? ›

Contract management is the process of managing contract creation, execution, and analysis to maximize operational and financial performance at an organization, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance.

What are contract management skills? ›

A good contract manager will certainly know about their organization's business, but will also know who to call upon for functional or area expertise. So, interpersonal skills, networking, and strong working relationships count.

What do you mean by contract management? ›

Contract management is the process of managing agreements, from their creation through to their execution by the chosen party, and to the eventual termination of the contract.

Is contract manager a manager? ›

A contract manager is an individual in a company responsible for the management and administration of contracts, as well as the process by which they are created and agreed.

How do I get a job in contract management? ›

Career path for a contract manager
  1. All contract manager positions require candidates to have at least a bachelor's degree. ...
  2. According to the National Contract Management Association (NCMA), entry-level contract management positions require a bachelor's degree, as well as two to five years of working experience.

How do I become a successful contract manager? ›

Below are the top five skills a good contract manager should have perfected:
  1. COLLABORATION. Strong collaboration skills are the bedrock of solid contract management. ...
  2. DEPTH OF BUSINESS KNOWLEDGE. ...
  3. COMMUNICATION & PROJECT MANAGEMENT. ...
  4. NEGOTIATION. ...
  5. ATTENTION TO DETAIL & STRONG UNDERSTANDING OF AGREEMENTS.
1 Sept 2020

What is the difference between contract management and management contract? ›

To state it as simply as possible, contract administration is the work done before a contract is signed into effect and contract management covers everything done after signing to ensure that deliverables and deadlines are adhered to as outlined in the agreement.

Is contract management the same as project management? ›

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 are the types of contract management? ›

There are several variants under the management contract including: Supply or service contract. Maintenance management. Operational management.

Is contract work a good career move? ›

You should take a contract job because contract work provides additional experience, knowledge, skills, and gives you more control of your schedule. A contract assignment also gives you the opportunity to work in different industries within a relatively short period of time.

Is it worth it to work on contract? ›

Contract employment is a good option to explore if you enjoy a variety of work and greater freedom, in terms of time and tasks. If viewed as a contributing aspect in one's career path, contract work is definitely something to try!

What makes good contract manager? ›

A good contract manager (and really, that's the only kind that counts) is one who can communicate effectively with every member of the team, and every member of the supply chain. They need to be able to negotiate, and to come out of the process with a good deal on the table for everyone.

What do you do in contract management? ›

Key activities involved in contract management include contract drafting and clause negotiation, performance analysis to maximize operational and financial performance and risk mitigation, both financial and reputational (e.g., business relationships get damaged by defaulting on contract terms).

What is a career in contract management? ›

A contract manager's role is all things managing contracts that their employer is negotiating and entering. They need to know the details and benefits of contracts and possible disadvantages and advise their employer accordingly.

How long should you stay at a contract job? ›

Contract jobs can last any length of time, but most last between three months and a year. It is possible sometimes that the employer could extend your contract if a project takes longer than expected to complete.

Is contract salary higher than permanent? ›

Potential benefits of contracting:

Rates are typically higher as they contain weighting for leave and the reduced job security – rates generally sits at around 20% more than an employee salary equivalent.

Can you quit a contract position? ›

If you have signed a contract, review it to ascertain whether you are required to give a certain amount of notice (two weeks, 30 days, etc.). If your contract does not address this issue, a minimum of two weeks' notice is standard.

What are the disadvantages of being a contract employee? ›

Disadvantages to Contract Employment

While contract employees make a higher wage than full-time employees in the same role, contract workers are not eligible for any benefits from their employer. This can mean forgoing health insurance, 401k contributions, paid time-off, parental leave, disability benefits, and more.

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