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Northrop Grumman Principal Pricing Analyst in Rolling Meadows, Illinois


RELOCATION ASSISTANCE: No relocation assistance available


TRAVEL: Yes, 10% of the Time


Join Northrop Grumman on our continued mission to push the boundaries of possible across land, sea, air, space, and cyberspace. Enjoy a culture where your voice is valued and start contributing to our team of passionate professionals providing real-life solutions to our world’s biggest challenges. We take pride in creating purposeful work and allowing our employees to grow and achieve their goals every day by Defining Possible. With our competitive pay and comprehensive benefits, we have the right opportunities to fit your life and launch your career today.

Pricing Analyst (Levels 1 through 5): Develops, evaluates and implements pricing strategies and models based upon current business and competitive market dynamics. Conducts research and performs competitive pricing analysis. Monitors ongoing competitive environment to ensure practices do not adversely impact company reputation or customer satisfaction. Partners with Sales/Marketing, Business Development and Finance to correctly position product portfolio and establish pricing programs aligned with product/sales strategy and revenue recognition requirements. Projects impact of pricing changes, individual promotions and rebate programs on revenue. Creates/administers pricing databases and coordinates implementation of pricing proposals across the organization.

Responsibilities include, but are not limited to:

  • Prepare material estimates for proposal submittals by

  • Understanding customer requirements through RFPs and other requests

  • Collaborating and coordinating with proposal technical teams in developing the material estimating strategy by interfacing with Business Management, Procurement, Supply Chain, Program Management, Program Office, and Pricing Organizations

  • Selecting appropriate pricing methods (PO History, vendor quote, etc) for each item included in the proposal

  • Ensuring compliance with Customer and FAR Regulatory Requirements

  • Ensure schedule adherence

  • Support proposal reviews with detailed Bills of Materials and Cost Estimating Relationship (CERs) Estimates including accompanying supporting data

  • Compile costs, schedules, technical elements and hardware/sub-contractor costs in accordance with request for proposal (RFP) specifications

  • Coordinate the collection and accumulation of cost, scheduling, and performance elements from internal customers

  • Research and analyze historical data

  • Interact with other functional areas to troubleshoot issues in support of proposal requirements and deadlines

  • Develop cost models to support proposal efforts and overall pricing strategy

  • Support risk and opportunity assessment, quantification, and analysis during the proposal process

  • Present and brief material pricing, cost issues and risks to senior and executive leadership

  • Prepare material price analysis to support business unit and GSC leaders in decision making as it pertains to specific pricing proposals

  • Support fact finding, audits, customer negotiations, and certifications while ensuring TINA compliance during all aspects of the proposal process

Support Pricing and Estimating Team Initiatives

Basic Qualifications:

  • Bachelors degree and a minimum 6 years of related experience or Masters degree and a minimum of 4 years of related experience

  • Proposal experience

  • Strong analytical and organizational skills

  • Clear written and oral communication

  • Ability to obtain secret clearance

Preferred Qualifications:

  • Knowledge of cost accounting practices, DFARS and FAR. (preferred)

  • Basic understanding of subcontract cost analysis requirements, tools and techniques (preferred)

Salary Range: $80,100.00 - $120,100.00

Employees may be eligible for a discretionary bonus in addition to base pay. Annual bonuses are designed to reward individual contributions as well as allow employees to share in company results. Employees in Vice President or Director positions may be eligible for Long Term Incentives. In addition, Northrop Grumman provides a variety of benefits including health insurance coverage, life and disability insurance, savings plan, Company paid holidays and paid time off (PTO) for vacation and/or personal business.

The health and safety of our employees and their families is a top priority . The company encourages employees to remain up-to-date on their COVID-19 vaccinations. U.S. Northrop Grumman employees may be required, in the future, to be vaccinated or have an approved disability/medical or religious accommodation, pursuant to future court decisions and/or government action on the currently stayed federal contractor vaccine mandate under Executive Order 14042 https://www.saferfederalworkforce.gov/contractors/ .

Northrop Grumman is committed to hiring and retaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class. For our complete EEO/AA and Pay Transparency statement, please visit http://www.northropgrumman.com/EEO . U.S. Citizenship is required for most positions.