Supply Chain - Price Cost Analyst/Sub-Contract Auditor ...

Job Description At Lockheed Martin Aeronautics, we deliver innovative, agile solutions that help customers achieve the impossible. Our Supply Chain team combines problem-solving, creativity, and data to tackle some of the aerospace industry's most exciting challenges. We bring together some of the brightest minds in aerospace, fostering a culture of purposeful innovation, integrity, and collaboration. Guided by our core values, you'll have opportunities to grow professionally, take on challenging projects, and make a real impact. We prioritize our people with flexible schedules, competitive pay, and comprehensive benefits that support a healthy, fulfilling life both at work and beyond. At Lockheed Martin, your mission is ours - join us to innovate, inspire, and make a difference. Learn more about Lockheed Martin's comprehensive benefits package here. Who You Are We are seeking motivated auditors to evaluate the financial records, cost structures, and business systems of defense contractors. 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 Audit Execution • 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 Financial Analysis & Reporting • Analyze financial datasets • Verify the accuracy of supplier financial statements and cost data • Perform reconciliations and root cause analysis • Prepare audit reports and supporting documentation under supervision • Present results to contracting and acquisition stakeholders as needed Contract Compliance & Advisory Support • Ensure compliance with federal cost principles and regulations • Support contract negotiations with cost analysis and recommendations • Assist in developing government pricing objectives • Support audit planning and risk assessments Price Cost Analyst Key Responsibilities • Conduct cost and price analyses of supplier proposals under supervision • Review and validate supplier cost models and assumptions • Support supplier negotiations and customer interactions • Prepare reports, charts, and briefings to communicate findings • Provide guidance on cost drivers and pricing opportunities Continuous Improvement & Knowledge Sharing • Maintain knowledge of audit standards and government regulations • Support training and mentoring of junior auditors • Contribute to audit process and technology improvements Fort Worth, TX This position is in Fort Worth, TX Discover Fort Worth. AeroSCM Basic Qualifications • Bachelor's degree in Accounting from an accredited college or university, including auditing coursework. The degree must include at least 120 semester hours in accounting-related subjects such as financial accounting, managerial accounting, and auditing. • Candidates must have 1 - 3 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. • Must be 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). • Strong organizational, research, and time management skills with attention to detail, commitment to data accuracy, and the ability to manage multiple priorities independently. Desired skills • 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 Government Contracting & Cost Compliance • Cost allowability and allocability principles • Cost Accounting Standards (CAS) fundamentals • Federal acquisition and defense acquisition regulations • Indirect rate and cost structure analysis support Proposal & Forward Pricing Knowledge • Indirect rate pools and allocation bases • Forward Pricing Rate Proposals (FPRPs) support • Labor rate development and escalation modeling • Business base forecasting and productivity assumptions Accounting & Audit Capabilities • Cost accounting systems and ERP environments • General ledger to proposal traceability • Financial and trend analysis • Audit documentation and workpaper preparation • Risk-based and substantive testing methodologies, systems & tools • Intermediate Excel and dataset analysis • ERP or cost systems (e.g., Deltek, SAP, Oracle) • Audit or analytics tools (e.g., CaseWare, ACL, IDEA, Power BI, Tableau) • Regulatory & Standards Knowledge • GAAP and applicable accounting standards • Government auditing standards (GAGAS) • Internal control frameworks and regulatory compliance EEOLockheed 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 in Fort Worth, TX. 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 StatementPay 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 $63,800 - $112,470. 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 StatementPay Rate: The annual base salary range for this position in most major metropolitan areas in California, Massachusetts, and New York is $73,400 - $127,075. 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.

Created: 2026-03-04