Project Cost Analyst

Permanent

Project Cost Analyst

Programme Management

Havant, Helensburgh

About the Role

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.

Required skills, qualifications and experience

* Effective communicator and confident presenter
* Advanced MS Office Tools capability, with an emphasis on Excel
* Financial Control and Reporting
* Earned Value Management knowledge
* Project Cost Control and Performance Reporting

Desired skills:

* Project management within the Defence and Space Industry
* Stakeholder engagement and management
* Standard Costing methodology
* Experience of Government Single Sourcing Regulation

Job Reference Number

19002BR

Salary Range

£49,000 - £61,000 Plus Competitive Benefits + Bonus

Employee Type

Full Time

Hours Per Week

37.5

Working Schedule

4xFlex

Country

United Kingdom (UK)

Clearance Required for Role

SC

Graduate, Intern or Apprentice Vacancy?

No

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

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.

Lockheed Martin Space is one of the four major business areas within Lockheed Martin. LMUK Space is at the forefront of Lockheed Martin’s International growth strategy including building exquisite satellites for a broad array of missions, ground station mission planning and command & control software products deployed to a diverse customer base as well as key capabilities in AI and space exploration and all underpinned by key strategic collaborations with universities in the UK. We not only deliver on current requirements, Lockheed Martin are always focused on the future requirements of this exciting and growing space domain which is a key enabler to our daily lives and future safety and security,

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 end ngIf: ame != 'jobtitleInJobDetails' && ame != 'jobdescriptionInJobDetails' -->

Job Expires

31/07/2026

Project Cost Analyst | LM Careers