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Pricing Analyst
MAG Aerospace Fairfax, VA
Apply
$82k-101k (estimate)
Full Time 4 Days Ago
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MAG Aerospace is Hiring a Pricing Analyst Near Fairfax, VA

Position Summary:

MAG is looking to fill a critical role for a Pricing Analyst at our company headquarters in Fairfax, VA. This position will report directly to our Pricing Director and be responsible for preparing timely, accurate, and compliant cost proposals.

The Pricing Analyst will collaborate closely with multiple MAG personnel and possible Sub/Prime Contractor finance elements while generating pricing/cost narratives in our proposal response to Government Solicitations/Contracts. The ideal candidate will have an excellent understanding of proposal pricing within the DoD and related market segments, with sharp attention to detail and a keen awareness of current market conditions.

Essential Duties and Responsibilities:

Duties include, but not limited to:

  • Review RFP/RFQ documentation, identify and develop questions based on the solicitation that impact Pricing compliance and strategy
  • Develop compliant cost/price proposals to ensure they adhere to RFP requirements, the organizations estimating system, and applicable U.S. Government procurement regulations (e.g. Federal Acquisition Regulation (FAR))
  • Works closely with Capture/Business Development, Contracts, Human Resources and Operations to ensure accuracy of cost proposals
  • Coordinates with senior staff to determine pricing structure, Price to Win, Competitive Analysis, and overall strategy
  • Works with the proposal team to develop cost volume schedules and supporting documentation to justify cost realism/reasonableness
  • Prepare and present pricing materials in BD Gate reviews with upper management
  • Responsible for creating internal and external price volumes
  • Contribute to the standardization of tools that result in compliant/quality pricing proposal
  • Work with Primes and subcontractors during pricing proposal development
Requirements:

Minimum Requirements:

  • 5-8 years of experience with pricing for Government solicitations and proposals
  • Advanced proficiency in Microsoft Excel building formulas
  • History working on and/or managing major and complex prime cost proposals generally valued at $50M
  • Experience preparing pricing models, price proposal narratives, and financial analysis to provide pricing decision support to management throughout the proposal life cycle
  • Strong communication skills with the ability to interact with all levels of management
  • Knowledge of and experience with:
    • how to dissect cost / pricing requirements out of a Government solicitation
    • different contract, solicitation, and agreement types to include Time and Materials, Firm Fixed Price, and Cost Reimbursable contracts
    • the FAR and ability to read and understand government contracts
    • Compliantly developed OCONUS cost models
  • Understanding of financial management concepts such as revenue, cost, profit, etc.
  • Ability to work flexible hours when dictated by proposal deadlines.
  • Ability to thrive in a fast-paced, customer service and collaborative team environment.

Desired Requirements:

  • Bachelors degree in Accounting/Finance or related field
  • Ability to obtain and maintain a Secret Clearance
  • Experience with OCONUS, ISR, and integration projects
  • Knowledge of Price to Win and competitive analysis
Special Note:

The position is contingent upon candidates ability to meet physical and medical requirements as needed by the position; including compliance with all applicable federal, state, and local jurisdictional requirements.

Government or customer site-specific requirements may include, but are not limited to, proof of full COVID-19 vaccination status, except in circumstances where a candidate is legally entitled to an accommodation.

Company Policy:
MAG Aerospace (MAG) is an Equal Opportunity/Affirmative Action Employer and is committed to Diversity and Inclusion. We encourage diverse candidates to apply to our positions.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Click below for the Know Your Rights" and Pay Transparency Nondiscrimination supplement posters.
https://www.dol.gov/agencies/ofccp/posters
MAG Aerospace (MAG) is committed to providing an online application process that is accessible to all, including individuals with a disability, by offering an alternative way to apply for job openings. This alternative method is available for those who cannot otherwise complete the online application due to a disability or need for accommodation.
MAG provides reasonable accommodation to applicants under the guidance of the Americans with Disabilities Act (ADA), Section 503 of the Rehabilitation Act of 1973, the Vietnam-Era Veterans Readjustment Assistance Act of 1974, and certain state and/or local laws.
If you need assistance due to a disability, please contact the MAG Aerospace Recruiting email:
Applicant.Assist@mag.us or call (703) 376-8993.

Job Summary

JOB TYPE

Full Time

SALARY

$82k-101k (estimate)

POST DATE

04/26/2024

EXPIRATION DATE

05/09/2024

WEBSITE

magaero.com

HEADQUARTERS

FORT WALTON BEACH, FL

SIZE

1,000 - 3,000

FOUNDED

2009

TYPE

Private

CEO

JOSEPH FLUET

REVENUE

$200M - $500M

INDUSTRY

Business Services

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The following is the career advancement route for Pricing Analyst positions, which can be used as a reference in future career path planning. As a Pricing Analyst, it can be promoted into senior positions as a Competitive Pricing Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Pricing Analyst. You can explore the career advancement for a Pricing Analyst below and select your interested title to get hiring information.

If you are interested in becoming a Pricing Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Pricing Analyst for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Pricing analysts understand business trends and market values for the products and services their organizations offer.

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Pricing analysts help determine what prices to set and whether current rates need adjustment.

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Pricing analysts conduct research to learn the history of the product and previous market trends.

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Pricing analysts collaborate with organizations that employ some form of a recurring revenue model to test various hypotheses about the efficacy of existing and proposed business models, pricing and packaging structure, and general market behavior.

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Heavily quantitative role focused on guiding management through developing pricing policies.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Pricing Analyst jobs

Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.

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Students and new graduates can usually gain the necessary experience through a junior pricing analysis or finance position.

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Use pricing models to measure product profitability.

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Undertake ad-hoc pricing analysis as required by superiors.

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Therefore, to better understand changing price points, businesses should conduct new pricing-sensitivity study and market price tests right away.

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Step 3: View the best colleges and universities for Pricing Analyst.

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