Price Cost Analyst/Sub-Contract Auditor - Early Career

Description: By bringing together people that use their passion for purposeful innovation, at Lockheed Martin we 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 career opportunities designed to propel development 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. At Lockheed Martin, we place an emphasis on empowering our employees by fostering innovation, integrity, and exemplifying the epitome of corporate responsibility. Your Mission is Ours. Lockheed Martin Aeronautics is seeking a full-time Early Career Price Cost Analyst/Sub-Contract Auditor to assist in evaluating the financial records, cost structures, and business systems of defense contractors. This role provides foundational experience in government contract compliance, accounting standards, and financial analysis while supporting audit engagements under supervision. The Sub-Contract Auditor assists in reviewing indirect rates, labor rates, escalation factors, and pricing assumptions used in contractor cost proposals and forward pricing submissions. You will contribute to audit and pricing analyses, developing technical skills in cost evaluation and financial assessment. In this dual-role position, you will also gain experience supporting Price Cost Analyst responsibilities, including cost and pricing analyses, supplier evaluation, and contract support. Mentorship and training from senior auditors will provide a strong foundation for growth in audit and pricing disciplines. ________________________________________ Audit Execution u2022 Assist with financial and contract audits under supervision u2022 Support evaluation of cost proposals, forward pricing submissions, and indirect rates u2022 Help review supplier accounting systems and internal controls u2022 Audit supplier financial documents and records, including trial balances and general ledger u2022 Validate cost data against financial records and source documentation Financial Analysis & Reporting u2022 Analyze financial datasets under guidance u2022 Verify accuracy of supplier financial statements and cost data u2022 Perform reconciliations and assist with root cause analysis u2022 Prepare audit reports and supporting documentation under supervision u2022 Present results to stakeholders with support Contract Compliance & Advisory Support u2022 Support compliance with federal cost principles and regulations u2022 Assist in contract negotiations with cost analysis and recommendations u2022 Contribute to developing government pricing objectives u2022 Support audit planning and risk assessments Price Cost Analyst Key Responsibilities u2022 Assist in cost and price analyses of supplier proposals u2022 Review and validate supplier cost models under supervision u2022 Support supplier and customer negotiations u2022 Prepare reports, charts, and briefings for leadership u2022 Provide insights on cost drivers and pricing opportunities Continuous Improvement & Knowledge Sharing u2022 Maintain awareness of audit standards and government regulations u2022 Participate in training and mentoring programs u2022 Contribute to audit process and technology improvements ________________________________________ Work Environment & Career Development: This role offers exposure to defense supplier business models and government contract auditing practices. Employees receive structured training, hands-on mentorship, and professional development opportunities. Flexible schedules and comprehensive benefits support long-term growth in auditing and cost analysis careers. Must be a US Citizen; this position will require a government security clearance. This position is located at a facility that requires special access. Basic Qualifications: u2022 Bacheloru2019s 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. u2022 Internships, academic projects, or other practical experience in audit, cost accounting, or financial analysis are applicable. u2022 Candidates should demonstrate basic knowledge of financial principles and a willingness to learn and grow in a professional setting. Travel & Work Expectations: u2022 Must be able to travel to supplier sites on short notice, typically 40u201350%, including domestic and occasional overseas assignments. u2022 Ability to work extended hours during peak audit periods u2022 Flexibility to manage multiple concurrent engagements ________________________________________ Core Professional Skills & Competencies: u2022 Foundational analytical, quantitative problem-solving, and critical thinking skills u2022 Attention to detail and commitment to data accuracy u2022 Clear written and verbal communication and effective team collaboration u2022 Strong organizational, research, and time management skills with the ability to handle multiple tasks u2022 Professional skepticism, high ethical standards, integrity, and accountability u2022 Adaptability, willingness to learn, and openness to guidance, feedback, and mentoring as a mentee u2022 Ability to work effectively in fast-paced, team-oriented environments u2022 Enthusiasm for developing audit, cost, and pricing expertise Desired Skills: u2022 Internships or practical experience in audit, finance, or cost analysis u2022 Certified Public Accountant (CPA) coursework or study (preferred) u2022 Knowledge of basic risk management and data analytics concepts u2022 Graduate coursework in accounting, finance, or business (preferred) ________________________________________ Technical Skills: Government Contracting & Cost Compliance u2022 Introductory understanding of cost allowability and allocability principles u2022 Basic familiarity with Cost Accounting Standards (CAS) u2022 Exposure to federal acquisition and defense acquisition regulations u2022 Support for indirect rate and cost structure analysis Proposal & Forward Pricing Knowledge u2022 Assist with indirect rate pools and allocation bases u2022 Support Forward Pricing Rate Proposals (FPRPs) u2022 Understand basic labor rate development and escalation modeling u2022 Assist with business base forecasting and productivity assumptions Accounting & Audit Capabilities u2022 Exposure to cost accounting systems and ERP environments u2022 General ledger to proposal traceability support u2022 Basic financial and trend analysis u2022 Assist with audit documentation and workpaper preparation u2022 Learn risk-based and substantive testing methodologies Systems & Tools u2022 Excel skills and basic data analysis u2022 ERP or cost systems (e.g., Deltek, SAP, Oracle) familiarity u2022 Audit or analytics tools (e.g., CaseWare, ACL, IDEA, Power BI, Tableau) exposure Regulatory & Standards Knowledge u2022 Basic understanding of GAAP and applicable accounting standards u2022 Introduction to Government auditing standards (GAGAS) u2022 Awareness of 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. 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. Join us at Lockheed Martin, where your mission is ours. Our customers tackle the hardest missions. Those that demand extraordinary amounts of courage, resilience and precision. Theyu2019re dangerous. Critical. Sometimes they even provide an opportunity to change the world and save lives. Those are the missions we care about. As a leading technology innovation company, Lockheed Martinu2019s vast team works with partners around the world to bring proven performance to our customersu2019 toughest challenges. Lockheed Martin has employees based in many states throughout the U.S., and Internationally, with business locations in many nations and territories. Experience Level: 4 yr and up College Business Unit: AERONAUTICS COMPANY Relocation Available: Yes Career Area: Purchasing/Procurement/Supply Chain Type: Full-Time Shift: First

Created: 2026-02-20