Lockheed Martin

Price Cost Analyst/Sub-Contract Auditor - E2

Lockheed Martin • $59K — $111K *
Fort Worth, TX 76137In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting with auditing coursework
  • 1+ years of experience in audit, finance, cost accounting, or proposal pricing
  • Proven ability to manage complex financial tasks independently
  • Strong organizational and time management skills with attention to detail

Responsibilities

  • Support risk-based financial and contract audits
  • Evaluate cost proposals and pricing submissions under guidance
  • Review supplier accounting systems and their internal controls
  • Audit supplier financial documents and records
  • Validate cost data against financial records
  • Conduct analyses of supplier proposals under supervision
  • Support supplier negotiations and customer interactions
  • Travel to supplier sites 40-50% of the time, including potential domestic and overseas assignments

Benefits

  • Medical, Dental, Vision insurance
  • Flexible work arrangements such as 4x10 schedules
  • 401(k) match
  • Paid time off and parental leave
  • Employee Assistance Program (EAP)
  • Flexible Spending Accounts
  • Education Assistance
  • Life, Short-Term, and Long-Term Disability Insurance
Full Job Description
Standard Job Description

This role ensures compliance with applicable accounting standards, Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), Cost Accounting Standards (CAS), and contract requirements while providing recommendations that enhance internal controls and cost integrity. The Sub-Contract Auditor Level 2 focuses on evaluating indirect rates, labor rates, escalation factors, and pricing assumptions used in contractor cost proposals and forward pricing submissions. You will contribute to fair and reasonable government pricing decisions through detailed financial analysis and audit support.

In this dual-role position, you will also support Price Cost Analyst responsibilities, including cost and pricing analyses, supplier evaluations, and contract support. You will gain hands-on experience in audit execution and pricing strategy while developing technical skills under the guidance of senior auditors and analysts.

What You Will Be Doing
  • Support risk-based financial and contract audits
  • Evaluate cost proposals, forward pricing submissions, and indirect rates under guidance
  • Review supplier accounting systems and internal controls
  • Audit supplier financial documents and records, including trial balances and general ledger
  • Validate cost data against financial records and source documentation
  • Conduct cost and price analyses of supplier proposals under supervision
  • Review and validate supplier cost models and assumptions
  • Support supplier negotiations and customer interactions
  • Able to travel to supplier sites on short notice, typically 40-50%, including domestic and occasional overseas assignments. Ability to work extended hours during peak audit periods (on weekends as needed).


Basic Qualifications

  • Bachelor's degree in Accounting from an accredited college or university, including auditing coursework.
  • Candidates must have 1+ years of relevant experience in audit, finance, cost accounting, proposal pricing, or rate analysis.
  • Experience should demonstrate the ability to independently manage complex financial tasks, support audit engagements, and contribute to cost or pricing analyses.
  • Advance organizational, research, and time management experience with attention to detail, commitment to data accuracy, and the ability to manage multiple priorities independently.


Desired Skills

  • The degree include at least 120 semester hours in accounting-related subjects such as financial accounting, managerial accounting, and auditing.
  • Certified Public Accountant (CPA) (preferred)
  • Certified Internal Auditor (CIA) or similar certification (preferred)
  • Master's degree in accounting, finance, or business (preferred)
  • Knowledge of risk management frameworks and data analytics methods
  • Strong analytical and quantitative problem-solving skills with an investigative mindset
  • Professional skepticism, sound judgment, and high ethical standards
  • Effective collaboration and ability to operate in fast-paced, team-oriented environments
  • Adaptability, accountability, and commitment to continuous learning and professional development
  • Effective written and verbal communication with the ability to present findings to stakeholders


Pay Information

Full-Time Salary Range: $59900.00 - $111300.00

Benefits offered: Medical, Dental, Vision, Flexible work arrangements and schedules (e.g., 4x10), 401(k) match, Paid time off, Holidays, Parental Leave, EAP, Flexible Spending Accounts, Education Assistance, Life Insurance, Short-Term Disability, and Long-Term Disability.
  • Annual short-term and/or long-term incentive compensation programs may be offered depending on the position. Payments under these annual programs are not guaranteed and can vary from year to year and are tied to a range of performance metrics.
  • For (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.

About Lockheed Martin

Lockheed Martin Corporation is a global security company that engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. It also provides a range of management, engineering, technical, scientific, logistic, and information services. The company operates in four business segments: Aeronautics, Electronic Systems, Information Systems and Global Services, and Space Systems. Lockheed Martin was formed in 1995 from the merger of Lockheed Corporation and Martin Marietta. In September 2008, Lockheed Martin Corporation acquired Aculight Corporation. In January 2009, it completed its acquisition of Universal Systems & Technology, Inc. (UNITECH). In August 2009, it completed its acquisition of Gyrocam Systems LLC (Gyrocam). Gyrocam develops and supplies gyrostabilized optical surveillance systems and sustainment field services, principally to the United States military. Lockheed Martin Missiles and Fire Control, a unit of the Company's Electronic Systems business area, would manage the Gyrocam business.

Lockheed Martin Careers

Joining Lockheed Martin provides more than just a job opportunity; it offers a platform to be part of a leading team dedicated to advancing global security and aerospace innovation. As a cornerstone of technological prowess, Lockheed Martin invites you to contribute to a legacy of impactful achievements in defense and technology.

Work You’ll Do

At Lockheed Martin, your role will extend beyond fulfilling job responsibilities to reshaping the future of aerospace and defense. Our team at Lockheed Martin is engaged in critical missions that protect citizens and advance the boundaries of science. From engineering to cybersecurity, the opportunities for professional growth are boundless.

Innovate and Lead

Step into a career at Lockheed Martin and you will be at the forefront of innovation and leadership. We empower our employees to lead projects that redefine industry standards and incorporate cutting-edge technology. Lockheed Martin is not just about thinking of the next big idea; it’s about making it a reality.

Professional Growth and Development

Lockheed Martin is committed to the professional growth of every team member. We offer unparalleled career advancement opportunities including professional development, leadership programs, and continuous learning through our Lockheed Martin University. Whether you are looking to advance your skills in engineering, project management, or AI, Lockheed Martin is equipped to take your career to the next level.

Diversity and Inclusion

We believe that diversity drives innovation. Lockheed Martin fosters an inclusive culture that embraces diversity in thoughts and experiences. Through diversity training and networking, we ensure that every employee can thrive. Our leadership is committed to building a diverse workforce where everyone is heard, respected, and valued.

Internship and Early Career Opportunities

Kickstart your career with Lockheed Martin’s internship programs. These opportunities allow you to apply your academic knowledge to real-world projects, gaining invaluable industry experience. Internships often lead to full-time positions, as we love to see young professionals grow into future leaders within our company.

Benefits and Culture

Lockheed Martin is renowned for its vibrant culture and comprehensive benefits package designed to support the various needs of our diverse team. From competitive salaries and health benefits to employee wellness programs and flexible working conditions, we ensure that our team is well taken care of, motivated, and healthy.

Join Our Team

Explore the numerous employment opportunities on our careers page. We are continuously hiring skilled professionals eager to make a difference. Tailor your resume to highlight relevant skills and experiences, prepare for your interview, and join a team known for its commitment to excellence and innovation.

Stay Connected

Keep up to date with the latest at Lockheed Martin by subscribing to our careers blog. Receive personalized job alerts and insider tips directly to your inbox, and stay ahead in your career journey.

Lockheed Martin: Your Future is Here

Whether you are a seasoned professional or a recent graduate, Lockheed Martin offers a range of positions and career paths that align with your ambitions and skills. Join us in our mission to solve complex challenges, advance scientific discovery, and deliver innovative solutions that make a difference.

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Lockheed Martin is not just a company; it’s a community where you can build a career that you can be proud of.
Learn more about Lockheed Martin
Size
114,000 employees
Market Cap
$126.1 billion
Industry
Aerospace & Defense
Net Income
$6.8 billion
Founded
1995
5 Year Trend
+7.2%
Revenue
$65.3 billion
NASDAQ
LMT
* Ladders Estimates

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