Price Cost Analyst​/Sub- Auditor - Early Career Security Clearance

Position: Price Cost Analyst/Sub-Contract Auditor - Early Career with Security Clearance
Job Number 718301

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

• Assist with financial and contract audits under supervision

• Support evaluation of cost proposals, forward pricing submissions, and indirect rates

• Help 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 under guidance

• Verify accuracy of supplier financial statements and cost data

• Perform reconciliations and assist with root cause analysis

• Prepare audit reports and supporting documentation under supervision

• Present results to stakeholders with support
Contract Compliance & Advisory Support

• Support compliance with federal cost principles and regulations

• Assist in contract negotiations with cost analysis and recommendations

• Contribute to developing government pricing objectives

• Support audit planning and risk assessments
Price Cost Analyst

Key Responsibilities

• Assist in cost and price analyses of supplier proposals

• Review and validate supplier cost models under supervision

• Support supplier and customer negotiations

• Prepare reports, charts, and briefings for leadership

• Provide insights on cost drivers and pricing opportunities
Continuous Improvement & Knowledge Sharing

• Maintain awareness of audit standards and government regulations

• Participate in training and mentoring programs

• 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:

• 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.

• Internships, academic…