Price Cost Analyst​/Sub- Auditor - Level 2

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.

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.

• 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

• 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

• 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

• 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

• 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

• 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,…