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Full-Time

Principal Program Cost and Schedule Control Analyst

Updated on 10/29/2024

Northrop Grumman

Northrop Grumman

10,001+ employees

Aerospace and defense technology solutions provider

Cybersecurity
Aerospace
Defense

Compensation Overview

$76.6k - $115kAnnually

+ Bonus

Mid, Senior

Hill AFB, UT, USA

Relocation assistance may be available.

US Citizenship, US Top Secret Clearance Required

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • Master’s degree with 3 year experience or Bachelor’s Degree with 5 years' proven experience in program control, cost planning, scheduling, business, finance, and/or similar industry related fields
  • Experience utilizing Earned Value Management (EVM) principles and practices
  • Active Secret Clearance with the ability to obtain and maintain program access
  • Proficient with MS Office including Excel (with Macros, Pivot tables and VLOOKUP) and PowerPoint
Responsibilities
  • Prepare budgets and schedules for contract work and perform and/or assists in financial analyses such as funding profiles, sales outlook, and variance analysis
  • Prepare program plans to ensure program requirements and statement of work are captured and scheduled
  • Perform analyses and prepare reports in order to ensure that contracts are within negotiated and agreed-upon parameters and government cost control guidelines
  • Ensure adequate funding availability by maintaining accurate records of expenditures, directing preparation of expenditure projections, and submitting timely requests for additional funding to the government
  • Conduct cost analysis to develop EACs, generate financial inputs, and support monthly cost and schedule reviews
  • Identify pressures and opportunities, and develop recovery plans as required
  • Set up cost control systems (e.g. Costpoint and COBRA) and incorporate changes into the EVMS system to maintain cost and schedule baselines
  • Provide support to Integrated Product Teams, Cost Management, and Business Management Managers
  • Assist CAMs with EVMS activities including: WBS alignment, time phasing of the tasks, developing and documenting earned value methodologies, monthly performance measurement, estimate to complete analysis and updates, and variance analysis research and reporting
  • Support audits and reviews requested by programs, customers, and company management
  • Prepare government cost performance reports and preparation and/or review of performance measurement variance analysis (e.g. CFSR, CSDR, IPMR)
  • Earned Value Management Program Experience with familiarity to EIA-748 ANSI EV Guideline Reviews, and SOX Controls

Northrop Grumman provides advanced aerospace and defense technology solutions, focusing on areas such as autonomous systems, cybersecurity, and space operations. The company develops and manufactures systems that integrate various technologies to meet the needs of government and commercial clients. Its products include systems for command and control, intelligence gathering, and logistics support. Northrop Grumman stands out from competitors by securing long-term contracts with government agencies, which ensures a steady revenue stream and allows for significant investment in research and development. The company's goal is to maintain its leadership position in the aerospace and defense sector by continuously innovating and delivering comprehensive solutions that meet the evolving needs of its clients.

Company Stage

IPO

Total Funding

$192.2M

Headquarters

Falls Church, Virginia

Founded

N/A

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Simplify's Take

What believers are saying

  • Northrop Grumman's continuous innovation, exemplified by the Jackal missile and M230LF chain gun, positions it as a leader in cutting-edge defense technology.
  • The company's long-term contracts with government clients ensure a steady revenue stream and financial stability.
  • Significant investments in R&D and partnerships, such as the ammunition production line in Lithuania, offer growth opportunities and market expansion.

What critics are saying

  • The competitive bidding process for government contracts can lead to revenue volatility if Northrop Grumman fails to secure key deals.
  • Dependence on government contracts makes the company vulnerable to changes in defense budgets and political priorities.

What makes Northrop Grumman unique

  • Northrop Grumman's focus on advanced autonomous systems and AI capabilities, such as the FAAD ABM, sets it apart in the defense sector by enhancing real-time decision-making for warfighters.
  • The company's diversified revenue streams across Aerospace Systems, Mission Systems, and Technology Services provide stability and resilience against market fluctuations.
  • Northrop Grumman's strategic partnerships, like the one with Lithuania for ammunition production, expand its global footprint and strengthen international alliances.

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