Price Cost Analyst/Sub-Contract Auditor - Level 2

Sub-Contract Auditor Level 2 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. 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 This position is in Fort Worth, TX. Discover Fort Worth. 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 Security Clearance Statement: This position requires a government security clearance, you must be a US Citizen for consideration. Clearance Level: Secret Other Important Information You Should Know: Expression of Interest: 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 Schedules: 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. Schedule for this Position: 4x10 hour day, 3 days off per week 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.

Created: 2026-03-04