Price Cost Analyst

Welcome to Northrop Grumman, a leading global aerospace and defense company dedicated to solving the most complex challenges in the world. We are currently seeking a skilled and detail-oriented Price Cost Analyst to join our team. In this role, you will be responsible for analyzing and evaluating the cost of our products and services to ensure competitiveness in the market. We are looking for a candidate with strong analytical skills, attention to detail, and a passion for driving cost efficiency. If you are ready to make an impact and contribute to our mission of creating a safer world, we encourage you to apply for this exciting opportunity.

1. Conduct cost analysis for products and services to determine competitiveness in the market.
2. Evaluate pricing strategies and make recommendations for cost efficiency.
3. Analyze data and trends to identify areas for cost reduction.
4. Collaborate with cross-functional teams to gather cost data and validate pricing assumptions.
5. Prepare cost models and reports for management review.
6. Review and analyze contract proposals to ensure accuracy and compliance with company policies.
7. Monitor and track product and service costs throughout the lifecycle.
8. Identify cost-saving opportunities and provide cost estimates for new projects.
9. Develop and maintain relationships with suppliers and vendors to negotiate cost-effective contracts.
10. Stay updated on industry trends and market conditions that may impact pricing and cost strategies.
11. Identify and report any potential risks or issues related to pricing and cost.
12. Maintain accurate and organized records of all cost analysis and pricing data.
13. Participate in budget planning and forecasting activities.
14. Communicate effectively with team members and stakeholders to provide timely updates on cost analysis and pricing.
15. Adhere to company policies and procedures, as well as legal and ethical standards.
16. Continuously seek ways to improve processes and increase cost efficiency.

According to JobzMall, the average salary range for a Price Cost Analyst in Melbourne, FL, USA is between $61,000 to $78,000 per year. However, salaries may vary depending on factors such as experience, education, and skills. Some companies may offer higher salaries for candidates with advanced qualifications and extensive experience in the field. Additionally, location and industry can also play a role in determining salary ranges for Price Cost Analysts.

Northrop Grumman Corporation is an American global aerospace and defense technology company formed by Northrop's 1994 purchase of Grumman.