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Contract Risk Jobs in Connecticut (NOW HIRING)

The Contract Administrator will support the physical movement, custody and contractual obligations ... Liaise with other departments including trading, treasury, risk, credit, accounting and IT * Other ...

The Contract Administrator will support the physical movement, custody and contractual obligations ... Liaise with other departments including trading, treasury, risk, credit, accounting and IT * Other ...

Manager - Programs/Projects

Orange, CT · On-site +1

$95.30K - $127.40K/yr

Serve as a link to internal actors of the organization to the Contract Management team on the contract review and negotiations (Legal, Procurement, Insurance, Risk, Cyber Security, Health and Safety ...

Manager - Programs/Projects

Orange, CT · On-site

$95.30K - $127.40K/yr

Serve as a link to internal actors of the organization to the Contract Management team on the contract review and negotiations (Legal, Procurement, Insurance, Risk, Cyber Security, Health and Safety ...

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Contract Risk information

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

To thrive as a Contract Risk professional, you need strong knowledge of contract law, risk assessment, and compliance, usually supported by a degree in law, business, or a related field. Familiarity with contract management software, risk analysis tools, and regulatory frameworks is essential. Exceptional attention to detail, negotiation skills, and the ability to communicate complex concepts clearly are vital soft skills. These competencies help ensure that organizations identify, mitigate, and manage contractual risks effectively, protecting their interests and maintaining regulatory compliance.

What are some common challenges faced by professionals in Contract Risk roles, and how can they be addressed?

Professionals in Contract Risk roles often encounter challenges such as navigating ambiguous contract language, managing tight deadlines for risk assessments, and ensuring coordination between legal, compliance, and business teams. Addressing these challenges typically involves developing strong communication skills, utilizing risk management tools, and staying updated on regulatory changes. Building collaborative relationships across departments and participating in ongoing training can also help contract risk professionals effectively mitigate risks and add value to their organizations.

What is contract risk?

Contract risk refers to the potential for financial loss, legal exposure, or operational issues arising from the terms, execution, or management of contracts between parties. This can include risks such as non-performance, ambiguous clauses, regulatory non-compliance, and disputes over contract obligations. Identifying and managing contract risk is essential for organizations to safeguard their interests and ensure smooth business operations. Contract risk professionals assess agreements for potential pitfalls and develop strategies to minimize or mitigate these risks.

What is the difference between Contract Risk vs Contract Administrator?

AspectContract RiskContract Administrator
Primary FocusIdentifying and mitigating contractual risksManaging contract documentation and execution
Required CredentialsLegal or risk management background, certifications in risk managementLegal, administrative, or contract management experience
Work EnvironmentRisk departments, legal teams, project managementContract departments, procurement, project teams

Contract Risk professionals focus on analyzing and reducing contractual risks before and during contract execution, often working closely with legal and risk management teams. Contract Administrators handle the day-to-day management of contracts, ensuring compliance, documentation, and timely execution. While both roles require understanding contracts, Contract Risk emphasizes risk mitigation strategies, whereas Contract Administrators focus on contract administration and operational tasks.

What are the most commonly searched types of Risk jobs in Connecticut? The most popular types of Risk jobs in Connecticut are:
Stf, Contracts Management (HYBRID TELEWORK)

Stf, Contracts Management (HYBRID TELEWORK)

Lockheed Martin

Stratford, CT • On-site

$95K - $167.44K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago


Lockheed Martin rating

8.2

Company rating: 8.2 out of 10

Based on 375 frontline employees who took The Breakroom Quiz

31st of 59 rated aerospace companies


Job description

Job Description
WHO WE ARE
Lockheed Martin: An Award-Winning Place to Work
WHO YOU ARE
Lockheed Martin Rotary & Mission Systems (RMS) in Stratford, CT is seeking an experienced Contracts professional to support the CH-53K King Stallion program - the U.S. Marine Corps' next-generation heavy-lift helicopter. In this role, you will serve as a strategic business partner embedded within one of RMS's most high-profile and complex programs, leading contract administration, managing risk, and ensuring compliance across the full contract lifecycle.
Your Responsibilities
• Manage all day-to-day contractual execution and oversight.
• Serve as the primary contracts interface with government customers including the U.S. Marine Corps, NAVAIR, and DCMA
• Lead negotiation and administration of complex contract types (CPFF, CPIF, FFP, FPIF, FPIS, IDIQ) supporting CH 53K production
• Draft, review, and negotiate contract terms, modifications, and Engineering Change Proposals (ECPs).
• Provide authoritative guidance to CH-53K program managers, finance, and legal teams on contractual rights, obligations, and risk mitigation
• Ensure compliance with FAR, DFARS, and applicable Navy/Marine Corps agency supplements
• Support proposal development, pricing reviews for new and follow-on awards
• Oversee government audits and contract closeout activities
• Mentor and develop junior contracts staff
WHY JOIN US
Your Health, Your Wealth, Your Life
As an employee at Lockheed Martin, your health and well being are paramount. From medical insurance, to legal help and tuition reimbursement, we provide benefits to improve your life. Come check out all of the amazing benefits Lockheed Martin has to offer.
Learn more about Lockheed Martin's comprehensive benefits package
Basic Qualifications
• Bachelor's degree in Business Administration, Finance, Law, or related field
• 9+ years of contracts experience in a government defense or aerospace environment
• Demonstrated experience with FAR/DFARS and government contract types
• Experience negotiating directly with government contracting officers
Desired skills
• NCMA certification (CFCM, CPCM, or CCCM)
• Experience with Cost Accounting Standards (CAS) and TINA/FASA requirements
• Foreign Military Sales (FMS) experience
• Experience supporting Navy or Marine Corps aviation programs
• Experience with major defense acquisition programs (ACAT I or II)
• Master's degree or JD
EEO
Lockheed Martin is an equal opportunity employer. Qualified candidates will be considered without regard to legally protected characteristics.
The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.
*
At Lockheed Martin, we use our passion for purposeful innovation to help keep people safe and solve the world's most complex challenges. Our people are some of the greatest minds in the industry and truly make Lockheed Martin a great place to work.
With our employees as our priority, we provide diverse career opportunities designed to propel, develop, and boost agility. Our flexible schedules, competitive pay, and comprehensive benefits enable our employees to live a healthy, fulfilling life at and outside of work. We place an emphasis on empowering our employees by fostering an inclusive environment built upon integrity and corporate responsibility.
If this sounds like a culture you connect with, you're invited to apply for this role. Or, if you are unsure whether your experience aligns with the requirements of this position, we encourage you to search on Lockheed Martin Jobs, and apply for roles that align with your qualifications.
Other Important Information
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 Schedule Information
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.
National Pay Statement
Pay Rate: The annual base salary range for this position in California, Massachusetts, and New York (excluding most major metropolitan areas), Colorado, Hawaii, Illinois, Maryland, Minnesota, New Jersey, Vermont, Washington or Washington DC is $95,000 - $167,440. For states not referenced above, the salary range for this position will reflect the candidate's final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
(Washington state applicants only) Non-represented full-time employees: accrue at least 10 hours per month of Paid Time Off (PTO) to be used for incidental absences and other reasons; receive at least 90 hours for holidays. Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.
This position is incentive plan eligible.
Premium Pay Statement
Pay Rate: The annual base salary range for this position in most major metropolitan areas in California, Massachusetts, and New York is $109,200 - $189,290. For states not referenced above, the salary range for this position will reflect the candidate's final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
This position is incentive plan eligible.

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About Lockheed Martin

Sourced by ZipRecruiter

As a global security and aerospace company, the majority of Lockheed Martin's business is with the U.S. Department of Defense and U.S. federal government agencies.The remaining portion of Lockheed Martin's business is comprised of international government and commercial sales of products, services and platforms.

Industry

Manufacturing

Company size

10,000+ Employees

Headquarters location

Bethesda, MD, US

Year founded

1912