Procurement Cost Analyst III
***Position may be located at either Radford, VA or Kingsport, TN***
BAE Systems, one of the world’s leading defense contractors and a stable Fortune 500 Company, is hiring a Procurement Cost Analyst III.
The Procurement Cost Analyst:
o Analyzes contractor’s projected estimated costs for reasonableness, reviewing in detail the significant direct and indirect cost elements of material, labor, overhead, general and administrative expenses, facilities, engineering, special tooling, packaging and packing, transportation, and other costs which extend over the life of the contract.
o Ascertains reasonableness of proposed labor and overhead rates and labor escalation factors based on audit reports or other available sources, e.g., rates in the Department of Labor Index labor unions agreements, payroll records, salary and wage schedules, and publications of recognized economic forecasting services. Analyzes cost data contained in proposals, which relate to price revisions due to escalation and changes in procurement requirements. Assignments may involve a variety of proposals including those that have little pricing precedent or prior experience.
o Utilizes Federal Acquisition Regulation (FAR), specifically FAR Part 15, and Defense Federal Acquisition Regulation (DFAR) Supplements, to perform cost/price analyses.
o Summarizes the results of subcontractor proposals into clear and concise reports including data and narratives.
o Evaluates contractor responsibility, analyzing the contractor’s past performance, costs of previous procurements, and/or standards and other techniques in producing like or similar items. Evaluates the contractor’s experience, production, and technical ability on current and previous orders as to manufacturing, tooling, engineering, research and development, overhead, general administrative expenses, and profit. Investigates the adequacy and soundness of the firm’s credit and financial position. Minimum Education and Experience Bachelor’s Degree and 5 years work experience or equivalent experience Required Skills and Education o Bachelor’s degree in Business, Finance, Accounting, Supply Chain or other discipline or equivalent combination of education and experience.
o 5 years relevant experience, to include 3 years of experience using specialized knowledge of price and cost analysis principles and procedures to analyze, evaluate, and negotiate, or participate in the negotiation of various cost elements on a wide variety of contract proposals or changes.
o Must be proficient in working with large spreadsheets and financial data.
o Knowledge of Federal Acquisitions Regulations, FAR Part 15, Contract by Negotiations and FAR Part 31, Contract Cost Principles and Procedures
o Comprehensive organizational, analytical and written and oral communication skills. Preferred Skills and Education o Knowledge of the commodities, engineering and manufacturing processes, or other technical considerations necessary to analyze and use technical evaluation reports and to evaluate historical production and statistical cost data relating to the contractor’s capability.
o Project / program / proposal management experience a plus. About BAE Systems Platforms & Services Posting BAE Systems is a premier global defense and security company with approximately 90,000 employees delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support and services. With headquarters in Arlington, Virginia, this Platform and Services Group of BAE Systems employs nearly 11,000 professionals at more than 30 locations worldwide. Platform and Services is a global leader in the design, development, production, and service support of armored combat vehicles, major and minor caliber naval guns and missile launchers, canisters, artillery systems, and intelligent munitions. People are the greatest asset in any Company. Equal Opportunity Employer/Females/Minorities/Veterans/Disabled/Sexual Orientation/Gender Identity/Gender Expression EEO Career Site Equal Opportunity Employer. Minorities . females . veterans . individuals with disabilities . sexual orientation . gender identity . gender expression
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