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Financial Management - Early Career

Description:By bringing together people that use their passion for purposeful innovation, at Lockheed Martin we keep people safe and solve the worlds 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 diverse 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 epitome of corporate responsibility. Your Mission is Ours.Lockheed Martin Rotary & Mission Systems is seeking a full-time early career Financial Management associate. In this role, you will perform one or multiple financial activities which may include:• Compiling and reviewing budgets using actual performance, previous budget figures, estimated revenue, expense reports, and other data sources to control funds and provide for proper financial administration.• Executing financial cost analyses functions, including cost allocation, setting up cost control systems, collecting data, controlling costs and preparing reports that maintain the companys cost accounting system.• Ensuring costs are allocated according to established procedures.• Applying accounting principles to analyze financial information and prepares financial reports.• Maintaining / overseeing the control of accounts and records in such areas as disbursements, expenses, tax payments, and income.Position will be a hybrid onsite / telecommuting position in Owego, NY.This position is a part of the Early Career Development Program (ECDP) within the Finance and Business Operations (F&BO) function. The program is approximately 2.5 to 3 years in duration (may vary based on employee’s start date), and typically consists of a standardized training curriculum, various learning and networking opportunities and formal mentorship, all of which are designed to provide a broad background in various facets of F&BO at Lockheed.Basic Qualifications:• Bachelors degree from an accredited college in Finance, Business Administration, Accounting.• Sound analytical skills with attention to detail and reporting accuracy• Knowledge of Microsoft Office SuiteDesired Skills:• Previous work experience• Knowledge of Microsoft Office Suite, particularly MS Excel (pivot tables, advanced formulas, and charts)• Strong communication skills• Self StarterSecurity Clearance Statement: This position requires a government security clearance, you must be a US Citizen for consideration.Clearance Level: SecretOther Important Information You Should KnowExpression of Interest: By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.Ability to Work Remotely: Part-time Remote Telework: The employee selected for this position will work part of their work schedule remotely and part of their work schedule at a designated Lockheed Martin facility. The specific weekly schedule will be discussed during the hiring process.Work Schedules: Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.Schedule for this Position: 4x10 hour day, 3 days off per weekPay Rate:The annual base salary range for this position in California and New York (excluding most major metropolitan areas), Colorado, Hawaii, Maryland, Washington or Washington DC is $47,800 - $91,500. For states not referenced above, the salary range for this position will reflect the candidate’s final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidates work experience, education/ training, key skills as well as spanet and business considerations when extending an offer.Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.(Washington state applicants only) Non-represented full-time employees: accrue at least 10 hours per month of Paid Time Off (PTO) to be used for incidental absences and other reasons; receive at least 90 hours for holidays. Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.This position is incentive plan eligible.Pay Rate:The annual base salary range for this position in most major metropolitan areas in California and New York is $54,900 - $103,400. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate’s work experience, education/ training, key skills as well as spanet and business considerations when extending an offer.Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.This position is incentive plan eligible.Lockheed Martin is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.At Lockheed Martin, we use our passion for purposeful innovation to help keep people safe and solve the worlds 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 diverse career opportunities designed to propel, develop, 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. We place an emphasis on empowering our employees by fostering an inclusive environment built upon integrity and corporate responsibility.If this sounds like a culture you connect with, you’re invited to apply for this role. Or, if you are unsure whether your experience aligns with the requirements of this position, we encourage you to search on Lockheed Martin Jobs, and apply for roles that align with your qualifications.Experience Level: 4 yr and up CollegeBusiness Unit: RMSRelocation Available: YesCareer Area: FinanceType: Full-TimeShift: First• Previous work experience• Knowledge of Microsoft Office Suite, particularly MS Excel (pivot tables, advanced formulas, and charts)• Strong communication skills• Self Starter
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$47800K
$91500K

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What You Should Know About Financial Management - Early Career, Lockheed Martin

If you're looking for an exciting opportunity to launch your career in finance, the Financial Management - Early Career position at Lockheed Martin in Westlake, Maryland, may be just what you've been searching for. At Lockheed Martin, we're proud of our rich culture of innovation and responsibility, and our team is composed of some of the brightest minds in the industry. In this full-time role, you'll dive into a variety of financial activities including budget compiling, cost analysis, and financial reporting. You'll work closely with seasoned professionals, gaining invaluable experience through our Early Career Development Program, which features structured training, networking opportunities, and mentorship designed to enhance your skills and knowledge in finance and business operations. We value our employees' work-life balance, offering hybrid schedules and flexibility to support your well-being. Plus, with a competitive salary and comprehensive benefits that include medical, dental, and education assistance, you'll feel empowered both in and out of the office. Join us in our mission to keep people safe and tackle some of the world’s most complex challenges, all while developing a rewarding career at Lockheed Martin. If you’re a recent graduate with a degree in finance, business administration, or accounting, and you're ready to apply your analytical skills, we're excited to hear from you!

Frequently Asked Questions (FAQs) for Financial Management - Early Career Role at Lockheed Martin
What are the responsibilities of the Financial Management - Early Career position at Lockheed Martin?

In the Financial Management - Early Career position at Lockheed Martin, you will engage in activities such as compiling budgets, executing financial cost analyses, and preparing detailed financial reports. You’ll also analyze financial information according to accounting principles and ensure that costs are allocated appropriately. This dynamic role will allow you to manage accounts and records related to disbursements and expenses, contributing significantly to the company's financial administration.

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What qualifications are required for the Financial Management - Early Career role at Lockheed Martin?

To qualify for the Financial Management - Early Career role at Lockheed Martin, candidates must have a bachelor’s degree in finance, business administration, or accounting from an accredited institution. Sound analytical skills and attention to detail are crucial, along with proficiency in Microsoft Excel. Previous work experience, although not mandatory, is highly valued.

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Is the Financial Management - Early Career job at Lockheed Martin a remote position?

The Financial Management - Early Career position at Lockheed Martin is a hybrid role, where employees will have the opportunity to work both onsite and remotely. The specific working schedule will be discussed during the hiring process, providing flexibility for a work-life balance.

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What benefits can I expect if I take the Financial Management - Early Career position at Lockheed Martin?

By joining Lockheed Martin in the Financial Management - Early Career role, you'll enjoy a wide range of benefits. These include medical, dental, vision, life insurance, 401(k) matching, paid time off, parental leave, and comprehensive education assistance programs, ensuring you and your family are supported in various aspects of life.

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What does the Early Career Development Program (ECDP) entail at Lockheed Martin?

The Early Career Development Program (ECDP) at Lockheed Martin is an approximately 2.5 to 3-year program designed to provide you with training and networking opportunities across multiple facets of finance and business operations. Participants can benefit from formal mentorship and a standardized curriculum that enhances their skills, preparing them for future roles within the company.

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Common Interview Questions for Financial Management - Early Career
What led you to apply for the Financial Management - Early Career position at Lockheed Martin?

When answering this question, express your passion for finance and your admiration for Lockheed Martin's commitment to innovation and corporate responsibility. Highlight how the company's values align with your career goals and why this role is a perfect fit for you.

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How do you stay organized when managing multiple financial tasks?

Discuss using tools like Microsoft Excel for budgeting and reporting, creating to-do lists, and prioritizing tasks. Emphasize how these strategies help you maintain accuracy while meeting deadlines, showcasing your analytical skills.

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Can you explain your experience with financial reporting or budgeting?

Share specific instances where you've compiled budgets or prepared financial reports, even if from a project or academic context. Highlight any analytical techniques you used to ensure accuracy and detail, making your experience relevant to the role.

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What accounting principles are most important for financial analysis?

Discuss fundamental accounting principles such as the matching principle and the revenue recognition principle. Explain how applying these principles is vital for accurate financial reporting and analysis, demonstrating your foundational knowledge of finance.

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Describe a challenging financial problem you've encountered and how you solved it.

Provide a specific example, detailing the context, the challenge faced, and the steps you took to analyze and resolve the issue. Emphasize your problem-solving abilities and analytical mindset, crucial skills for the Financial Management role.

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How proficient are you in using Microsoft Excel for financial analysis?

Talk about specific skills, such as creating pivot tables, using advanced formulas, or generating charts. Mention any projects or coursework that required you to apply these skills, illustrating your readiness for the financial responsibilities of the position.

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What do you understand about Lockheed Martin's mission and values?

Demonstrate knowledge about Lockheed Martin’s commitment to innovation, safety, and corporate responsibility. Relate these values to your career aspirations and how you can contribute to achieving the company's mission as a Financial Management associate.

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How would you handle tight deadlines and pressure in a financial setting?

Explain strategies you use to manage stress, such as prioritization, time management, and open communication with team members. Highlight your ability to produce quality work even under pressure, underscoring your preparedness for the fast-paced environment at Lockheed Martin.

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Why is teamwork important in finance roles?

Discuss the collaborative nature of financial management, including how teamwork fosters diverse perspectives and better decision-making. Provide an example of how you've successfully worked as part of a team to achieve a financial goal.

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What steps do you take to ensure accuracy in your financial analyses?

Emphasize the importance of double-checking calculations, using reliable sources for data, and adhering to established procedures. Share methods you've found effective in maintaining high standards of accuracy in your previous tasks or projects.

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We solve complex challenges, advance scientific discovery and deliver innovative solutions to help our customers keep people safe.

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Full-time, hybrid
DATE POSTED
December 15, 2024

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