At a Glance
- Tasks: Lead cost analysis for cutting-edge military satellite projects and support financial performance.
- Company: Join Lockheed Martin, a leader in secure military communications and space technology.
- Benefits: Enjoy flexible working, competitive pay, private medical insurance, and extensive career development opportunities.
- Other info: Be part of a supportive team committed to innovation and inclusivity.
- Why this job: Make a real impact on national security while developing your skills in a dynamic environment.
- Qualifications: Experience in financial control, project management, and strong Excel skills are essential.
The predicted salary is between 60000 - 80000 € per year.
Be part of a team delivering the next generation of secure military communications satellites for the UK Ministry of Defence. This work provides resilient, high‑performance connectivity for the UK, its allies and Defence personnel worldwide, playing a critical role in protecting national security as space becomes more contested and demand for secure data continues to grow.
Joining Lockheed Martin also means helping to shape significant investment in the North East space sector, with more than £100 million proposed to support high‑skill jobs, advanced manufacturing and long‑term economic growth. Opportunities include potential satellite manufacturing in County Durham and collaboration with NESST – the North East Space Skills and Technology Centre at Northumbria University – helping to build a strong pipeline of talent, learning and innovation.
This is your chance to work on mission‑critical technology, develop cutting‑edge skills and build a meaningful career, while delivering lasting impact for the region and the nation.
The Role:
The Lead Cost Analyst will work closely with the Programme and PMO team within a newly established Programme delivery team, supporting the successful delivery of a high-profile and complex programme. The role will play a key part in shaping and managing cost reporting, forecasting, and financial performance across programme delivery activities. A strong understanding of contractual and Financial Reporting Requirements will be important, alongside experience working within complex, multi-layered programme environments.
This role offers the opportunity to work closely with project and control account managers, providing valuable insight into programme performance and supporting informed decision-making through accurate reporting and forecasting. Responsibilities will include preparing budgets for contractual work, monitoring actual spend against programme outputs, and assessing the impact of schedule changes on overall cost outcomes.
Responsibilities:
- Support and enhance Cost Control Systems
- Perform analysis and prepare reports aligned to contractual outputs
- Monitor costs and cost composition against agreed parameters and government cost principles
- Establish budgets for contracted work activities
- Conduct financial analysis of cost projections and baselines, reporting detailed variances and trends
- Prepare programme plans to ensure requirements within Statements of Work are effectively planned and captured
- Perform risk analysis to identify programme cost risks and potential issues
- Incorporate contractual changes into work systems to maintain accurate cost and sales baselines, forecasts, and analysis
- Ensure costs are allocated in line with established processes and controls.
Equal Opportunity Statement:
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 recruitment@global.lmco.com.
Desired skills:
- Senior-level communicator with confident presentation skills
- Advanced MS Office capability, particularly within Excel
- Strong background in financial control and reporting
- Proven application of Earned Value Management principles
- Extensive experience in project cost control and performance reporting
- Experience of project management within the Defence and Space industry
- Strong stakeholder engagement and relationship management skills
- Knowledge of standard costing methodologies
Business Environment:
By bringing together people that use their passion for purposeful innovation, at Lockheed Martin we keep people safe and solve the world's most complex challenges. Our people are some of the greatest minds in the industry and truly make Lockheed Martin a great place to work. With our employees as our priority, we provide career opportunities designed to propel development and boost agility. Our flexible schedules, competitive pay, and comprehensive benefits enable our employees to live a healthy, fulfilling life at and outside of work.
At Lockheed Martin, we place an emphasis on empowering our employees by fostering innovation, integrity, and exemplifying the embodiment of corporate responsibility.
What we offer you:
At Lockheed Martin our employees come first and therefore your physical, mental and financial wellbeing matters to us. On top of working in a highly supportive, friendly, respectful environment you can expect so much more.
We are an employer in support of and offering Flexible working with the option to also work a 4 day week depending on business requirements, where you have the option of Fridays off. We offer Competitive salaries alongside a flexible holiday entitlement.
We have a Wealth of benefits available to you that can be selected through our wellbeing tool upon commencement of employment. Just a few of our amazing benefits are shown below:
- Private Medical Insurance
- Competitive Pension
- Dental
- Critical Illness
- Life Assurance
- Travel Insurance
- Employee discounts for top high street shops
- Employee Assistance Program which includes free face to face counseling sessions, Legal advice, Financial advice, etc
- Internal training and development alongside our Education assistance programmes
- Reimbursement for a professional membership
- Competitive policies that support flexibility and family leave inclusive of enhanced maternity leave
Lead Cost Analyst employer: LM Careers
Lockheed Martin is an exceptional employer, offering a dynamic work environment where innovation and integrity are at the forefront. With a strong commitment to employee wellbeing, we provide flexible working options, competitive salaries, and a comprehensive benefits package that includes private medical insurance and professional development opportunities. Join us in the North East as we shape the future of military communications and contribute to the growth of the local space sector, all while building a meaningful career that makes a lasting impact.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Cost Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Lockheed Martin. Attend events, join relevant groups on LinkedIn, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for your interview by researching the company and its projects. Understand their mission and values, especially around national security and innovation in space. Tailor your answers to show how your skills as a Lead Cost Analyst can contribute to their goals.
✨Tip Number 3
Practice your presentation skills! As a senior-level communicator, you’ll need to convey complex financial data clearly. Use mock interviews to refine your delivery and get comfortable discussing your experience with cost control and reporting.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the team at Lockheed Martin. Make sure to highlight your relevant experience and how it aligns with their needs.
We think you need these skills to ace Lead Cost Analyst
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight how your skills and experiences align with the Lead Cost Analyst role. We want to see how you can contribute to our mission of delivering secure military communications.
Showcase Relevant Experience:When detailing your past roles, focus on your experience in financial control and reporting, especially within complex programme environments. We love seeing how you've tackled similar challenges before!
Be Clear and Concise:Keep your application straightforward and to the point. Use bullet points where possible to make it easy for us to see your key achievements and skills at a glance.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at LM Careers
✨Know Your Numbers
As a Lead Cost Analyst, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've managed budgets and forecasts in previous roles. Bring specific examples of how your analysis has influenced decision-making.
✨Understand the Defence Sector
Familiarise yourself with the current trends and challenges in the Defence and Space industry. Being able to speak knowledgeably about government regulations and cost principles will show that you're not just qualified, but also genuinely interested in the field.
✨Showcase Your Stakeholder Skills
This role involves working closely with project managers and other stakeholders. Prepare to share examples of how you've successfully engaged with different teams, resolved conflicts, or communicated complex financial information clearly and effectively.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills. Think about potential cost risks or budget overruns you might encounter and how you would address them. This will highlight your analytical thinking and proactive approach.
