Financial Management Sr

Lockheed Martin; Stratford (CT); On-site; USD 82,000 - 151,000; Full time

Benefits offered by this job

Medical Insurance

Flexible work arrangements

401(k) match

Paid time off

Job summary

Lockheed Martin Rotary and Mission Systems in Stratford, CT, is seeking a seasoned program finance professional for US government aftermarket programs. You will lead planning, forecasting, and variance analysis, interfacing daily with program management to ensure accurate estimates and timely reporting.

Responsibilities include month-end close, pricing support, EAC modeling, and collaboration with government accounting.

Qualifications

• Bachelor’s degree in Finance, Accounting, or related discipline, or equivalent experience, with 6 years of professional experience; or 4 years of professional experience with a related Master’s Degree.
• Experience with SAP, Hyperion, and Microsoft Office (Excel, Word, PowerPoint)

Responsibilities

• All aspects of program finance to include planning, forecasting, and variance analysis for USG Aftermarket programs.
• Interface with Program management team daily across assigned programs to ensure the latest financial estimates and risks and opportunities are accurate and reported in a timely manner.
• Perform month-end close activities, variance analysis and account reconciliations for various balance sheet and P&L accounts related to the assigned programs.
• Complete periodic reporting to ensure adequate funding levels are provided by the customer to continue work on a given contract.
• Support WBS set-up, maintenance, and oversight as required to support all program needs accurately.
• Provide estimating, pricing and negotiation support for the various contracts/ campaigns.
• Review inventory balances, unbilled/deferred, backlog, AR, and related reserves, working closely with the Program Management team.
• Provide support to government accounting and pricing departments, as necessary, to support customer requests for information (i.e. RFI’s).
• Update quarterly the EAC (Estimate at Completion) model for assigned programs, present EAC results to senior management, analysis & retroactive adjustment calculations if deemed necessary.
• Develop and maintain the standard work instructions related to this role to include, but not be limited to, recurring processes, checklists, and internal controls.
• Support other financial requirements, as deemed necessary, by leadership.

Skills

Communication skills

Analytical thinking

Problem solving

Education

Bachelor’s degree in Finance/Accounting or related

Tools

Excel

Word

PowerPoint

Job description

WHAT WE’RE DOING

At Lockheed Martin Rotary and Mission Systems, we are inspired by innovation and integrity. We believe that by applying the highest standards of business ethics and creative thinking, everything is within our reach – and yours as a Lockheed Martin employee. Lockheed Martin values your skills, training and education. Come and experience your future!

Standard Job Description

WHAT WE’RE DOING

At Lockheed Martin Rotary and Mission Systems, we are inspired by innovation and integrity. We believe that by applying the highest standards of business ethics and creative thinking, everything is within our reach – and yours as a Lockheed Martin employee. Lockheed Martin values your skills, training and education. Come and experience your future!

THE WORK

The Army Air Force business provides new aircraft and aftermarket services for the U.S. government and foreign military sales customers. This position leads various program finance activities in support of the US Government aftermarket business needs. This role provides an excellent opportunity to work with a team of analysts, gain knowledge of the USG Aftermarket business, as well as interface daily with program management and other functional areas that support the programs. This position is located in Stratford, CT.

Aftermarket Overhaul & Repair Finance Primary Responsibilities

• All aspects of program finance to include planning, forecasting, and variance analysis (for example: monthly Orders, Sales, EBIT, and Cash, Annual Plan and Long Range Plan) for USG Aftermarket programs in support of the Army Air Force Aftermarket Finance Manager.
• Interface with Program management team members on a daily basis across assigned programs to ensure the latest financial estimates and risks and opportunities are accurate and reported in a timely manner.
• Perform month-end close activities, variance analysis and account reconciliations for various balance sheet and P&L accounts related to the assigned programs.
• Complete periodic reporting to ensure adequate funding levels are provided by the customer to continue work on a given contract.
• Support WBS set-up, maintenance, and oversight as required (daily & weekly) to support all program needs accurately.
• Provide estimating, pricing and negotiation support for the various contracts/ campaigns.
• Review inventory balances, unbilled/deferred, backlog, AR, and related reserves, working closely with the Program Management team.
• Provide support to government accounting and pricing departments, as necessary, to support customer requests for information (i.e. RFI’s).
• Update quarterly the EAC (Estimate at Completion) model for assigned programs, present EAC results to senior management, analysis & retroactive adjustment calculations if deemed necessary.
• Develop and maintain the standard work instructions related to this role to include, but not be limited to, recurring processes, checklists, and internal controls.
• Support other financial requirements, as deemed necessary, by leadership.

Who We Are

Lockheed Martin is a global leader in defense, aerospace, and advanced technologies. Our mission is to solve the world’s toughest challenges by providing innovative solutions for our customers. We foster a culture of collaboration and growth, offering employees opportunities to develop new skills, advance their careers, and contribute to projects that make a global impact.

Basic Qualifications

Bachelor’s degree from an accredited college in Finance, Accounting, or a related discipline, or equivalent experience/combined education, with 6 years of professional experience; or 4 years of professional experience with a related Master's Degree.

Experience with SAP, Hyperion, and Microsoft Office (Excel, Word, PowerPoint)

Desired Skills

Ability to clearly and accurately communicate timely results and emerging issues to business and operations management as well as finance leadership. Organizational skills. The ability to independently find and resolve complex issues that enable decision making support within the company.

Pay Information

Full-Time Salary Range: $81500.00 - $151300.00

The salary range for this position is as listed on the requisition. Please note that the salary information listed 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(work location) and business considerations when extending an offer.

Benefits offered:

Medical, Dental, Vision, Flexible work arrangements and schedules (e.g., 4x10), 401(k) match, Paid time off, Holidays, Parental Leave, EAP, Flexible Spending Accounts, Education Assistance, Life Insurance, Short-Term Disability, and Long-Term Disability.

• Annual short-term and/or long-term incentive compensation programs may be offered depending on the position. Payments under these annual programs are not guaranteed and can vary from year to year and are tied to a range of performance metrics.
• For (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.