FAA Contracts Specialist (Hybrid Remote) at latitudeinc

This position allows for 3 days per week remote / work from home. Salary: 130,000 - 160,000/year We are seeking an experienced Contracts Specialist to manage the full lifecycle of complex federal contracts, including Cost-Plus-Incentive-Fee (CPIF) and Cost-Plus-Fixed-Fee (CPFF) instruments for the FAA. This position is responsible for cradle-to-grave contract administration in support of mission-critical aviation programs, systems engineering, infrastructure modernization, and technical services. The ideal candidate will possess strong knowledge of Federal Acquisition Regulation (FAR), cost-reimbursement contracting, and federal procurement policies, along with demonstrated experience supporting high-visibility, technically complex programs. Responsibilities • Lead acquisition planning activities, including market research and acquisition strategy development. • Prepare and review Statements of Work (SOW), Performance Work Statements (PWS), Independent Government Cost Estimates (IGCE), and evaluation criteria. • Develop solicitations (RFPs), amendments, and related procurement documentation. • Conduct cost and price analysis for CPIF and CPFF proposals. • Participate in technical and cost evaluation panels and support source selection activities. • Lead negotiations of cost-reimbursement contracts, including fee structures and incentive arrangements. • Develop prenegotiation objectives and price negotiation memoranda. • Ensure compliance with FAR, agency supplements, and applicable federal statutes. • Prepare and execute contract awards and related documentation. • Administer full lifecycle contract management, including modifications, funding actions, and incremental funding tracking. • Monitor contractor performance, fee determinations, and incentive calculations under CPIF structures. • Review contractor invoices, incurred cost submissions, and provisional billing rates. • Coordinate with Contracting Officer’s Representatives (CORs), finance, legal, and program offices. • Process contract modifications related to scope, funding, schedule, or regulatory changes. • Ensure compliance with FAR Part 15, Part 16 (Cost-Reimbursement Contracts), and agency acquisition policies. • Support audits, including DCAA or internal reviews, as applicable. • Maintain complete and accurate contract files in accordance with federal records requirements. • Manage closeout activities, including final indirect rate settlements and final payment. Requirements • Bachelor’s degree from an accredited institution (business, public administration, finance, or related field preferred). • 3–7+ years of federal contracting experience, including cost-reimbursement contracts (CPIF/CPFF). • Strong working knowledge of FAR and agency supplements. • Demonstrated experience in cost analysis, negotiations, and contract modifications. • Ability to interpret complex regulatory guidance and apply sound business judgment. • Experience managing contracts for the FAA.