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Contract Closeout Jobs (NOW HIRING)

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Contract Closeout information

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$41K

$106K

$139K

How much do contract closeout jobs pay per year?

As of Jun 8, 2026, the average yearly pay for contract closeout in the United States is $106,034.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,000.00 and $119,000.00 per year, depending on experience, location, and employer.

What is a Contract Closeout job?

A Contract Closeout job involves reviewing and finalizing contracts to ensure all terms and obligations have been met before officially closing them. This process includes verifying financial records, resolving outstanding issues, and ensuring compliance with regulations. Contract Closeout specialists work with various departments, such as finance and procurement, to confirm all deliverables and payments are complete. Their role helps organizations maintain accurate records, prevent financial discrepancies, and close contracts efficiently.

What are some typical challenges faced in a Contract Closeout position?

Professionals in Contract Closeout roles often encounter challenges such as tracking down necessary documentation, reconciling discrepancies between contract records and financial data, and coordinating with multiple stakeholders across different departments. They may need to resolve outstanding issues like final payments, property disposition, or compliance matters before closing out a contract. Effective communication and persistence are essential for navigating these issues, as the process often requires following up with vendors or team members and adhering to strict deadlines. Successfully managing these challenges is key to maintaining compliance and ensuring contractual obligations are fully satisfied.

What are the key skills and qualifications needed to thrive in the Contract Closeout position, and why are they important?

To excel in a Contract Closeout role, you need a strong understanding of contract compliance, attention to detail, and experience with contract management or procurement processes, typically supported by a bachelor’s degree in business, finance, or a related field. Familiarity with government acquisition systems, ERP software, and tools like the Federal Procurement Data System (FPDS) or contract closeout modules is common. Strong organizational skills, effective communication, and problem-solving abilities are valued soft skills in this field. These qualities are crucial for ensuring contracts are closed accurately, on time, and in line with regulatory requirements.

More about Contract Closeout jobs
What cities are hiring for Contract Closeout jobs? Cities with the most Contract Closeout job openings:
What are the most commonly searched types of Closeout jobs? The most popular types of Closeout jobs are:
What states have the most Contract Closeout jobs? States with the most job openings for Contract Closeout jobs include:
What job categories do people searching Contract Closeout jobs look for? The top searched job categories for Contract Closeout jobs are:
Infographic showing various Contract Closeout job openings in the United States as of May 2026, with employment types broken down into 6% Full Time, 50% Part Time, 2% Temporary, and 42% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $106,034 per year, or $51 per hour.
Property Contract Closeout Specialist

Property Contract Closeout Specialist

Raytheon

Mckinney, TX • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago


Raytheon rating

9.1

Company rating: 9.1 out of 10

Based on 81 frontline employees who took The Breakroom Quiz

3rd of 516 rated manufacturers


Job description

Date Posted:

2026-05-21

Country:

United States of America

Location:

US-TX-MCKINNEY-513WA ~ 2501 W University Dr ~ WING A BLDG

Position Role Type:

Onsite

U.S. Citizen, U.S. Person, or Immigration Status Requirements:

U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract.

Security Clearance Type:

None/Not Required

Security Clearance Status:

Not Required

At Raytheon, the foundation of everything we do is rooted in our values and a higher calling – to help our nation and allies defend freedoms and deter aggression. We bring the strength of more than 100 years of experience and renowned engineering expertise to meet the needs of today’s mission and stay ahead of tomorrow’s threat. Our team solves tough, meaningful problems that create a safer, more secure world.

As a Property Contract Closeout Specialist, you will contribute to a fast-paced innovative team and work closely with Property and Logistics functional management, Program management, Defense Contract Management Agency (DCMA), contracts and other functions that support the Raytheon property system. You will collaborate with these functions to coordinate Property Closeout activities related to Government and/or Customer Property as required by company policies, Federal/State Regulations, and Contractual terms and conditions. 

In this role, you will manage and maintain aspects of the Property Management System for contract closeout, including support for audits, inventory, disposition, subcontractor control, relief of stewardship, contract transfer, and records management.

What You Will Do

  • Serve as the primary contact for all matters related to Contract Closeout, ensuring the removal of all property from completed contracts. This includes Special Test Equipment, Equipment, Special Tooling, and Materials.

  • Provide expert guidance to Program Management and support teams on the effective use of tools and systems to manage property closeout actions.

  • Oversee the contract transfer process as requested, manage submissions to Contracts, update records, and ensure receipt postings are completed to maintain a compliant property system.

  • Consistently display effective communication and strong professional behaviors.

  • Deliver training and awareness materials tailored to specific audiences, including program leadership, engineering teams, lab management, and other functional organizations.

  • Support a culture of improvement and efficiency into the Logistics and Property organization driving innovative solutions and affordability.

  • Participate in initiatives aimed at elevating the organization.

  • Support compliance with all regulations and internal/external audit protocols.

  • Identify bottlenecks based on metrics that drive and/or affect the property system.

  • Daily interaction with other teams, programs, and Business Units to maintain and meet organizational goals and objectives.

  • Collaborate for continuous learning and sharing with other individuals within the organization to continuously raise business and property acumen.

Qualifications You Must Have

  • Typically requires a University Degree or equivalent experience and minimum five (5) years prior relevant experience, or An Advanced Degree in a related field and minimum three (3) years' experience.

  • Experience with either Government Property, Logistics, Contracts, Program Management, or Supply Chain.

  • U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract.

Qualifications We Prefer

  • Working knowledge of SAP (APEX, PRISM) and Property system (i.e., SPS, PCIR)

  • Experience of using Government reporting systems (i.e. WAWF, PIEE, and established role as a GFP Contractor Property Manager)

  • Above average knowledge of Microsoft Office (Excel, PowerPoint)

  • Working knowledge of FAR and DFARS

What We Offer

Our values drive our actions, behaviors, and performance with a vision for a safer, more connected world. At RTX we value: Trust, Respect, Accountability, Collaboration, and Innovation.

Not Relocation Eligible – Relocation assistance not available

Learn More & Apply Now!

Please consider the following role type definitions as you apply for this role.

Onsite: Employees who are working in Onsite roles will work primarily onsite. This includes all production and maintenance employees, as they are essential to the development of our products.

We Are RTX

As part of our commitment to maintaining a secure hiring process, candidates may be asked to attend select steps of the interview process in-person at one of our office locations, regardless of whether the role is designated as on-site, hybrid or remote.

The salary range for this role is 86,800 USD - 165,200 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills.Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays. Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether or not it is covered by a collective-bargaining agreement. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance.This role is a U.S.-based role. If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply.RTX anticipates the application window closing approximately 40 days from the date the notice was posted. However, factors such as candidate flow and business necessity may require RTX to shorten or extend the application window.

RTX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status, or any other applicable state or federal protected class. RTX provides affirmative action in employment for qualified Individuals with a Disability and Protected Veterans in compliance with Section 503 of the Rehabilitation Act and the Vietnam Era Veterans’ Readjustment Assistance Act.

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