Program Cost Control Analyst - Level 2

Northrop Grumman • Redondo Beach, CA

1d • $75,800 - $113,800 • Onsite

About The Position

Northrop Grumman’s Space Sector is hiring a Program Cost Control Analyst – Level 2 in Redondo Beach, California. The role supports intercompany programs and the site General Manager, preparing budgets and schedules for contract work and assisting with financial analysis, including funding profiles, sales outlooks, cash forecasting, and variance analysis. The analyst maintains expenditure records, prepares expenditure projections, and submits timely requests for additional government funding to help ensure funding availability.

The position provides strategic planning, reporting, and analysis of financial metrics for the I&S business unit, including sales, margin, cash, and awards. It includes quarterly Estimate-at-Complete contract profitability assessments; cash flow and balance-sheet management; and risk and opportunity assessments. The analyst leads monthly and quarterly financial deliverables, communicates financial progress and insight to senior leadership, and supports BU Operations reviews with forecast variance narratives and sensitivity assessments.

The role also leads development of the Annual Operating Plan and Long-Range Strategic Plan in collaboration with Business Development and Program Management. Responsibilities include setting up and monitoring cost control systems for contracts requiring validated cost schedule control systems; supporting audits, reviews, fact-finding, and negotiations; and performing analysis and reporting to ensure contracts meet agreed parameters and government cost-control guidelines. Earned Value Management work includes Work Breakdown Structure development, budget baselines, cost risk assessments, visibility reports, and estimates to complete.

This position is 100% onsite and does not accommodate telecommuting. The schedule is 9/80, with every other Friday off. No travel or relocation assistance is provided. The role requires the ability to obtain and maintain a U.S. Government Top Secret/Sensitive Compartmented Information clearance.

Requirements

• Bachelor’s degree and 2 years of professional experience, or a Master’s degree; an additional 4 or more years of experience may be considered in lieu of a degree.
• Ability to obtain and maintain a U.S. Government Top Secret/Sensitive Compartmented Information security clearance.
• Experience with financial analysis or reporting.
• Experience with MS Office Suite.

Nice To Haves

• Degree in Finance, Economics, Accounting, or Business Administration.
• Defense industry experience.
• Program Cost Control experience.
• Experience with FAR/DFAR.
• Experience with Costpoint, Cobra, Cognos, Primavera, S4 Hana, or SAP.
• Experience with Financial Planning & Analysis (FP&A), proposals, or cash flow models.
• Experience as a Lead Program Cost Control Analyst.
• Understanding of indirect rate application.
• Experience with contract types such as FFP, FPAF, T&M, and OTA.
• Earned Value Management (EVM) experience.

Responsibilities

• Prepare budgets and schedules for contract work and assist with funding profiles, sales outlooks, cash forecasting, and variance analysis.
• Maintain accurate expenditure records, prepare expenditure projections, and submit timely requests for additional government funding.
• Plan, report, and analyze financial metrics, including sales, margin, cash, and awards for the I&S business unit.
• Perform quarterly Estimate-at-Complete contract profitability assessments, cash flow and balance-sheet management, and risk and opportunity assessments.
• Lead monthly and quarterly financial deliverables and analysis.
• Communicate financial progress and insights to senior leadership on a regular basis.
• Support monthly BU Operations reviews by preparing financial content, forecast variance narratives, and upside/downside sensitivity assessments.
• Lead development of the Annual Operating Plan and Long-Range Strategic Plan in collaboration with Business Development and Program Management.
• Set up cost control systems and monitor and control costs and schedules on contracts requiring a validated cost schedule control system.
• Support audits and reviews requested by programs, customers, and company management, including fact-finding and negotiation support.
• Analyze and prepare reports to ensure contracts comply with negotiated parameters and government cost-control guidelines.
• Perform Earned Value Management tasks, including Work Breakdown Structure development, budget baselines, cost risk assessment, visibility reports, and estimates to complete.
• Perform other duties as assigned.

Benefits

• Health insurance coverage.
• Life and disability insurance.
• Savings plan.
• Company-paid holidays.
• Paid time off (PTO) for vacation and/or personal business.
• Depending on the position, employees may be eligible for overtime, shift differential, and a discretionary bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level