Supply Chain - Price Cost Analyst - Level 4

Lockheed Martin; Fort Worth (TX); On-site; USD 89,000 - 166,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) match

Paid time off

Holidays

Parental Leave

EAP

Flexible work arrangements

Job summary

Lockheed Martin in Fort Worth, TX seeks a Price Cost Analyst Staff to develop supplier capture strategies and establish new or renewed contracts. You will analyze supplier cost data, perform market research, and negotiate terms to meet objectives.

Responsibilities include reviewing proposals, preparing reports, and mentoring junior analysts while collaborating with government customers and prime contractors.

Qualifications

• Bachelor's or Master's degree required, related field preferred.
• Experience in market research, cost and price analysis, and negotiations.
• Strong data analysis skills and procurement/supply chain knowledge.

Responsibilities

• Develop supplier capture strategy for pursuit of long-range objectives and strategic plans.
• Analyze supplier proposals, cost and pricing data, and other factors submitted by suppliers.
• Confer with suppliers daily, prepare reports and charts, and negotiate contracts.
• Mentor less experienced analysts in the group and participate in training.

Skills

Market Research & Analysis

Negotiations

Data Analysis

Cost Analysis

Procurement / Supply Chain Management

Education

Bachelor's or Master's from an accredited college or university

Job description

Standard Job Description

At Lockheed Martin we are committed to shaping the future of aviation! Our Aeronautics Supply Chain team is passionate about delivering innovative, affordable, and agile solutions that exceed our customers' expectations.

Our supply chain team touches every product and service we deliver and enables our customers to do the impossible every day. At Aero, we leverage problem solving, creativity, and data to tackle the most exciting challenges in the industry.

Our people are some of the greatest minds in the industry and truly make Lockheed Martin a great place to work.

Who You Are

As a Price Cost Analyst Staff member, you will develop supplier capture strategy for pursuit of long-range objectives and strategic plans to ensure effective material integration on program campaign pursuits, and establish new or renewed contracts.

What You Will Be Doing

• Complex supplier proposals within the Aeronautics division of Lockheed Martin.
• You will review supplier proposals, cost and pricing data submitted and all other factors provided by supplier in support of their proposal.
• In addition, you will work commercial items determination, market research and analysis.
• Daily you will confer with suppliers and analyze supplier operations to determine factors that affect price. Prepare reports and charts that present findings.
• Negotiate standard and non-standard contracts with suppliers.
• Maintain communications to ensure timely contract execution by both parties.
• Provide final contract negotiation documents that are consistent with agreements reached in negotiations.
• Plan and participate in training of Price/Cost Analysis practices and negotiation techniques to company personnel.
• As a Staff level analyst, you will be a mentor for less experienced analysts in the group.

Proficiency in AI prompting as it applies to this position and practice.

What’s In It For You

From on-site to hybrid, we offer flexible work schedules to comprehensive benefits investing in your future and security, Learn more about Lockheed Martin’s comprehensive benefits package here.

Learn more about Lockheed Martin’s comprehensive benefits package here.

Must be a US Citizen this position will require a government security clearance. This position is located at a facility that requires special access

This position is in Fort Worth, TX Discover Fort Worth.

AeroSCM

Develop supplier capture strategy for pursuit of long-range objectives and strategic plans to ensure effective material integration on program campaign pursuits, and establish new or renewed contracts. Performs and documents price/cost analysis on a variety of proposals for development, production and sustainment of major systems. Analyzes supplier's projected estimated costs for reasonableness, reviewing in detail the significant direct cost elements of material, labor, and special tooling. Evaluations of supplier proposals are provided to the government customer and used in prime proposal pricing. Develops negotiation strategies and concludes both supplier and prime negotiations to achieve company profit objectives and customer affordability goals.

Basic Qualifications

• Bachelor's or Master's from an accredited college or university
• Experience in (2) or more of the following fields:
• Commercial Items / Commercial Item Determination
• Market Research & Analysis
• Negotiations
• Data Analysis
• Financial Analysis & Forecasting
• Statistics / Mathematics
• Procurement / Supply Chain Management
• Cost Analysis / Price Analysis

Desired Skills

• Experience with analyzing and negotiating government contracts, Federal Acquisition Regulation (FAR) requirements, and Cost Accounting Standards (CAS)
• Experience in cost analysis and evaluation techniques used in assessing supplier proposals.
• Experience communicating departmental and program messages to both Lockheed Martin personnel, as well as the customer
• Experience operating in a fast paced environment

Pay Information

Full-Time Salary Range: $89100.00 - $165500.00

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.