Price Cost Analyst/Sub-Contract Auditor - E2

Lockheed Martin; Fort Worth (TX); On-site; USD 60,000 - 111,000; Full time

Benefits offered by this job

Medical, Dental, Vision

401(k) match

Paid time off

Parental Leave

Job summary

Lockheed Martin in Fort Worth, TX, seeks a Sub-Contract Auditor Level 2 to ensure compliance with FAR, DFARS, and CAS while evaluating indirect rates, labor rates, and pricing assumptions in contractor cost proposals and forward pricing submissions.

You will also support Price Cost Analyst responsibilities, including cost and pricing analyses, supplier evaluations, and contract support, gaining hands-on audit execution and pricing strategy experience under senior auditors.

Qualifications

• Bachelor’s degree in Accounting with auditing coursework.
• 1+ year of audit, finance, cost accounting, proposal pricing, or rate analysis experience.
• Ability to manage complex financial tasks and support audit engagements independently.

Responsibilities

• 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.
• Conduct cost and price analyses of supplier proposals under supervision.
• Review and validate supplier cost models and assumptions.
• Support supplier negotiations and customer interactions.
• Travel to supplier sites on short notice (40–50%), including domestic and occasional overseas assignments; may require extended hours during peak audit periods.

Skills

Auditing

Financial analysis

Cost accounting

Pricing analysis

Data analytics

Attention to detail

Education

Bachelor's degree in Accounting

120 semester hours accounting

CPA (preferred)

CIA or similar (preferred)

MS in accounting/finance (preferred)

Job description

Standard Job Description

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.

What You Will Be Doing

• 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
• Conduct cost and price analyses of supplier proposals under supervision
• Review and validate supplier cost models and assumptions
• Support supplier negotiations and customer interactions
• Able to travel to supplier sites on short notice, typically 40–50%, including domestic and occasional overseas assignments. Ability to work extended hours during peak audit periods (on weekends as needed).

Basic Qualifications

• Bachelor’s degree in Accounting from an accredited college or university, including auditing coursework.
• Candidates must have 1+ 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.
• Advance organizational, research, and time management experience with attention to detail, commitment to data accuracy, and the ability to manage multiple priorities independently.

Desired Skills

• The degree include at least 120 semester hours in accounting-related subjects such as financial accounting, managerial accounting, and auditing.
• Certified Public Accountant (CPA) (preferred)
• Certified Internal Auditor (CIA) or similar certification (preferred)
• Master’s degree in accounting, finance, or business (preferred)
• Knowledge of risk management frameworks and data analytics methods
• Strong analytical and quantitative problem-solving skills with an investigative mindset
• Professional skepticism, sound judgment, and high ethical standards
• Effective collaboration and ability to operate in fast-paced, team-oriented environments
• Adaptability, accountability, and commitment to continuous learning and professional development
• Effective written and verbal communication with the ability to present findings to stakeholders

Pay Information

Full-Time Salary Range: $59900.00 - $111300.00

At Lockheed Martin, we know mission success starts with taking care of our people. Our Total Rewards program is designed to attract top talent, support your well-being, and help you grow—both professionally and personally.

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.