Manager - Budget and Rates

Hanwha Defense USA, Inc.; Arlington (VA); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Annual bonus

Total rewards package

Job summary

Hanwha Defense USA in Rosslyn, VA seeks an experienced Budget and Rates Manager to oversee budgeting and indirect rate requirements across defense business lines, with deep FAR/DFARS, CAS, and DCAA/DCAA audit familiarity.

You will lead the annual budget process, prepare FPRP submissions, support government audits, and coordinate with Finance, Contracts, and Program Management to ensure accurate cost data and compliant controls.

Qualifications

• 8+ years of progressive finance leadership experience in the A&D industry
• Experience with USG CAS, FAR/DFARS, and government audits
• Proven ability to translate complex financials for leadership

Responsibilities

• Manage the annual budget process and indirect budgets for the Forward Pricing Rate (FPRP) submission
• Explain variances and risks to leadership with actionable insights
• Submit quarterly cost monitoring reports to DCMA/DCAA and perform variance analysis
• Support FAR/DFARS/CAS audit readiness, indirect rate management, and financial controls
• Coordinate ICE data with program management, finance, and accounting for annual submissions
• Support audits related to forward pricing, incurred cost submissions, and pre/post-award audits
• Interface with Finance, Accounting and Department Leads; brief leadership on budgets and rates
• Improve policies and procedures for budgets and rates and foster continuous improvement

Skills

Budgeting

Indirect rate development

Financial analysis

FAR/DFARS compliance

DCAA/DCMA audits

Leadership

Education

Bachelor's degree in finance, accounting, business, engineering, or related field

MBA or master's in accounting or finance

Tools

Accounting & Estimating Systems

Job description

Location: Rosslyn, VA (on-site)

Position Overview

We are seeking an experienced Budget and Rates Manager that will be responsible for preparation and oversight of all budgeting and indirect rate requirements for the various HDUSA business lines. The ideal candidate brings deep finance expertise, mastery of defense/regulated environments (FAR/DFARS, CAS, DCAA/DCAA audits), and has a track record of working closely with senior business leaders, contracts, and finance to develop and update the corporations Forward Pricing Rate Submission (FPRP).

Key Responsibilities

• Manage and develop the annual budget process, including development of direct and indirect budgets, which will be utilized in the annual Forward Pricing Rate (FPRP) submission.
• Identify, report, and explain monthly and year-to-date variances to the annual budgets including potential risks and opportunities.
• Prepare and submit quarterly cost monitoring reports to DCMA/DCAA, comparing actual incurred costs to forward pricing, and perform variance analysis.
• Support government compliance with FAR/DFARS/CAS audit readiness, indirect rate management, and financial controls across the business.
• Manage the preparation of the incurred cost submission, including coordination with program management, finance, accounting, and other departments as appropriate to validate and analyze direct and indirect cost data in support of the annual incurred cost submission (ICE) to the USG.
• Support requests from DCMA/DCAA related to audits of the forward pricing proposal, incurred cost proposal, pre-award contract audits, post-award contract audits, and other audits as requested.
• Support accounting system and estimating system readiness audits.
• Perform various ad hoc analyses as required to include trend analysis, effects of one-time events, "what if" scenarios related to indirect budgets, and other special projects.
• This position will interface with Finance, Accounting, and various other Department Leads.
• Brief and report to leadership on the annual budgets, including indirect rates, monthly and year-to-date performance against the budgets, and recommended corrective action plans if necessary.
• Responsible for continuous improvement of policies and procedures, in support of budgets and rates.
• Foster a culture of accountability and continuous improvement.

Required Qualifications

• Bachelor's degree in finance, accounting, business, engineering, or related field.
• MBA or master's in accounting or finance are strongly preferred.
• 8+ years of progressive finance leadership experience, including direct experience in the A&D industry, including experience with complex defense manufacturing.
• Demonstrated success developing budgets and rates in USG CAS covered environment with multi-year and high-value contracts.
• Working knowledge of FAR/DFARS, CAS, indirect rate structures, and government audits.
• Familiarity and hands‑on experience with accounting & estimating business systems.
• Proven communication skills-capable of translating complex financials into clear, actionable insights for leadership.

Preferred Qualifications

• CPA, CFA, certifications a plus.
• Experience with DCAA, DCMA, USG agency audits.
• Familiarity with various USG contract types (FFP, FPI, CP, T&M, etc.).
• Familiarity with cost/price analysis, cost modeling, estimating, and proposal development is a plus.

Key Competencies

• Budget and Indirect Rate development.
• Government Compliance and CAS Cost structure.
• Data-driven decision making & communication.
• Team leadership & talent development

EDUCATION

• Bachelor's degree in finance, accounting, business or related field.
• Advanced degrees (MBA, MS, etc.,) preferred.

Hanwha Defense USA is committed to pay transparency and equitable compensation practices. The salary range listed for this position represents a good faith estimate of the base pay we reasonably expect to offer for the position at the time of posting. Actual compensation may vary based on relevant skills/experience, education and certifications, market conditions, geographic location and internal pay equity. In addition to base salary, employees may be eligible for discretionary annual bonuses, benefits, and other forms of compensation as part of Hanwha Defense USA's total rewards package.

Hanwha Defense USA is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, national origin, age, sex, gender identity or expression, sexual orientation, disability, veteran status, or any other protected characteristic.