Cost and Pricing Associate

Headquarters - Virginia Beach, VA 23451

Global Technical Systems (GTS) provides innovative, cost-effective, high-tech engineering products and product-based services encompassing latest generation software and hardware solutions and engineering services for defense, homeland security, and other critical Government interests. GTS products and services span a spectrum that includes mission-critical combat systems processors; C4ISR; technology development including threat detection, biometric identification systems, and composite applications for munitions, armor and energy storage; avionics test systems; and lifecycle logistics support and repair.Our Headquarters office in Virginia Beach, VA is searching for a Cost and Pricing Analyst Assistant to work in-person at 421 South Birdneck Road, Virginia Beach, VA 23451.

Cost and Pricing Analyst Assistant

Headquarters - Virginia Beach, VA 23451

General Description:

The Cost and Pricing Analyst Assistant provides critical analytical and administrative support to the procurement department. This role focuses on evaluating vendor quotes, maintaining complex pricing models and identifying cost-saving opportunities. The ideal Candidate possess advanced Excel capabilities, sharp analytical instructs, and meticulous eye for detail to ensure date integrity and maximize procurement efficiency.

Principal Duties and Responsibilities:

Cost and Price Analysis: Support the review and evaluation of supplier proposals, commercial bids, and priced quotes to determine competitive value.

Data Management: Maintain, update, and audit accurate pricing databases, supplier catalogs, and historical cost logs.

Excel Modeling: Build and maintain spreadsheets utilizing advanced functions (VLOOKUP/XLOOKUP, INDEX/MATCH, Pivot Tables, IF statements) to track pricing trends and variances

Market Research: Assist in gathering market intelligence, researching raw material trends, and benchmark tracking against industry competitors.

Reporting: Prepare weekly and monthly cost savings reports, variance analyses, and spend summaries for senior leadership review.

Cross-Functional Support: Collaborate with accounts payable, sourcing specialist, and logistics teams to resolve invoicing discrepancies and pricing mismatches.

Qualifications and Technical Skills

Advanced Excel Skills: Must be highly proficient in Microsoft Excel (formulas, pivot tables, data visualization, conditional formatting, and cleaning large datasets).

Strong Analytical Skills: Demonstrated ability to analyze raw quantitative financial data, draw logical conclusions, and spot mathematical anomalies.

Detail-Oriented: Exceptionally organized with a high degree of accuracy when auditing contract, invoices, and high-volume data entries.

Communication Skills: Clear written and verbal communication skills to present analytical findings and interact professionally with external suppliers.

Educational Requirements (or equivalent): BS/BA Business, Finance, Economics, Supply Chain Management or equivalent experience.

Working Conditions: This work is typically performed in an office environment. Requires normal safety precautions; work may require some physical effort in the handling of light materials, boxes or equipment. Requests for reasonable accommodations will be considered to enable individuals with disabilities to perform essential functions of the job.

Beneficial Skills/Experience:

Previous experience with a government contractor performing under federal contracts; experience with Flow down documents; Costpoint database experience; negotiation skills.

The above Position Description is not intended to be, nor should it be construed as an all-encompassing list of responsibilities, skills, efforts or working conditions associated with this position.

Management Services Group dba Global Technical Systems (GTS)

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Cost and Pricing Associate