Cost Analyst

Cost Analyst

Havant, Hampshire, UK

£51,000 - £64,000 Plus Competitive Benefits + Bonus

37.5 hours per week, with 4 day working week option

Lockheed Martin Rotary and Mission Systems (RMS) provides systems engineering, software development, training solutions and complex program management for global security, civil and commercial markets.

Simply stated, our mission is to be the world’s leading global security and aerospace company.

The role

We are seeking an individual with an aptitude for proposal pricing and proposal cost analysis.

Broadly, the job entails all aspects of proposal cost analysis and the presentation of cost analysis, as part of the proposal team, for executive approval.

As each proposal is unique, a different mix of the specific tasks listed below may be needed to meet the requirements of any single proposal.

What will i be doing?

• Cost Analysis, consisting predominantly of financial analysis of supplier proposal information for incorporation within larger proposals to our customers
• Provide ‘should cost’ analysis of competitor, supplier, and LM activities
• Assist in price to win, supplier cost evaluation and fact find; design to cost, financial business case, and whole life cost analysis; and financial modelling
• Brief the management team on the reasonableness of quotations and identify risks and opportunities of the supplier proposal
• As a member of the proposal team, act as an interface between proposal pricing and the engineering and subcontract program management areas
• Co-ordinating supplier data for proposal pricing
• Ensuring Requests For Proposals sent out to suppliers include all data required to meet the needs of the LM proposal
• Pricing, consisting predominantly of financial analysis of LM proposals, incorporating supplier and LM cost data
• Set up the proposal in LM’s pricing system (ProPricer)
• Oversee the inputs (Bases of Estimate, BOEs) to the ProPricer tool
• Analyse the cost inputs, identifying risks and opportunities to the financial proposition
• Develop a working knowledge of the LM pricing rate structure and the ability to modify the standard rates to meet specific proposal requirements when needed
• Analyse foreign currency content, establish sufficient reserves in the bids, identify amounts requiring hedge contracts, report foreign currency content to LM Corporate Treasury
• Establish the appropriate level of executive approval for the proposal and co-ordinate the approval meeting
• Presenting the Pricing at the approval meeting and ensure the required approvals are obtained and held for future reference.
• Identify and maintain compliance to all relevant corporate policies, site procedures and department processes.
• Meet deadlines according to proposal schedules, completing appropriate analysis, review and approvals.
• Ensure relevant risks and opportunities are identified, highlighted and communicated.
• Participate in administrative aspects of the department activities, including maintenance of accurate and complete records.
• Provide knowledge based sensitivity studies on various financial, and non-financial, variables.

Required skills

• Substantial understanding and application of principles, concepts, practices, and standards with significant knowledge of industry and company practices.
• Develops solutions to a variety of complex problems.
• Plans, schedules and arranges their activities to accomplish targets/goals.
• Exerts influence on targets/goals of the operation.
• Represents organisation as a point of contact on contracts or projects. Interacts with senior internal and external personnel on significant matters, often requiring coordination between organisations.
• Defence experience highly desirable.

LMPeople Qualifications and Experience

Bachelors degree from an accredited college in a related discipline, or equivalent experience/combined education, with 6 years of professional experience; or 4 years of professional experience with a related Masters degree. Considered career, or journey, level.

Lockheed Martin is committed to upholding principles of equal opportunity, fostering a work environment that is aligned with our core values of integrity, respect, and exceptional performance. We recognize the importance of leveraging the unique talents and experiences of all our employees to drive innovation, deliver superior solutions, and maximize value for our customers. Our focus is on identifying the most qualified candidate for each role, regardless of their background. If you are interested in a position, we invite you to share how your skills and perspectives could bolster our team and encourage you to apply, even if you feel your qualifications do not fully meet all the job criteria outlined in our advertisement. Furthermore, Lockheed Martin is dedicated to ensuring our recruitment process is inclusive for all individuals. We are prepared to accommodate reasonable adjustments for applicants as needed. If you require assistance or adjustments to participate in the job application or interview process, please contact ***email_hidden*** or call 02392 415270.