At a Glance
- Tasks: Support cost control systems and monitor project budgets for military satellite programmes.
- Company: Join Lockheed Martin, a leader in secure military communications and space technology.
- Benefits: Enjoy flexible working, competitive pay, and a wealth of wellbeing benefits.
- Other info: Be part of a supportive team with excellent career growth opportunities.
- Why this job: Make a real impact on national security while developing cutting-edge skills in a dynamic environment.
- Qualifications: Experience in financial reporting and project cost control is essential.
The predicted salary is between 40000 - 50000 € 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 Project Cost Analyst will work closely with the Programme and PMO team within a newly established Programme delivery team. The role will play a key part in supporting the successful delivery of the programme, requiring a strong understanding of the Contract and its Financial Reporting Requirements. The position would suit someone with experience working across complex, multi-layered programmes and establishing effective reporting structures to monitor and control costs. The role will work closely with project and control account managers, supporting regular reporting and forecasting activities to track delivery costs against programme outputs. Responsibilities will also include preparing budgets for contractual work, monitoring actual spend, and assessing the impact of schedule changes on cost outcomes.
Responsibilities:
- Support and maintain 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:
- Project management within the Defence and Space Industry
- Stakeholder engagement and management
- Standard Costing methodology
- Experience of Government Single Sourcing Regulation 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
Project 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 Project Cost Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Understand their mission and values, especially in the defence and space sectors. This will help you tailor your answers and show you're genuinely interested.
✨Tip Number 3
Practice your presentation skills! As a Project Cost Analyst, you'll need to communicate complex information clearly. Run through common interview questions with a friend or in front of a mirror to boost your confidence.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Project Cost Analyst
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Project Cost Analyst role. Highlight your experience with cost control systems and financial reporting, as these are key aspects of the job. We want to see how your skills align with what we're looking for!
Showcase Relevant Experience:When detailing your work history, focus on projects where you've managed budgets or conducted financial analysis. Use specific examples that demonstrate your ability to monitor costs and prepare reports, as this will resonate with us at Lockheed Martin.
Be Clear and Concise:Keep your application straightforward and to the point. Use bullet points for easy reading and ensure your key achievements stand out. We appreciate clarity, especially when it comes to complex information like financial data.
Apply Through Our Website:We encourage you to submit your application directly through our website. This ensures that your application is seen by the right people and helps us streamline the process. Plus, it’s super easy to do!
How to prepare for a job interview at LM Careers
✨Know Your Numbers
As a Project 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 or analysed costs in previous roles. Use specific examples to show your understanding of cost control systems and financial reporting.
✨Understand the Defence Sector
Familiarise yourself with the unique challenges and regulations of the Defence and Space industry. Research Lockheed Martin's projects and their impact on national security. Showing that you understand the context of your role will impress interviewers and demonstrate your commitment to the position.
✨Excel Skills are Key
Since advanced MS Office tools, especially Excel, are crucial for this role, make sure you're comfortable with functions like VLOOKUP, pivot tables, and data analysis tools. You might even want to prepare a small example or two to showcase your skills during the interview.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you handle project risks. Think of past experiences where you identified cost risks or made adjustments to budgets. Be ready to explain your thought process and the outcomes of your decisions.
