Sr Principal Risk Management Analyst

RELOCATION ASSISTANCE: No relocation assistance available

CLEARANCE TYPE: None

TRAVEL: Yes, 25% of the Time

Description

At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work — and we have an insatiable drive to do what others think is impossible. Our employees are not only part of history, they're making history.

Overview:

We are seeking an accomplished Senior Principal Risk Management Analyst to drive financial and operational excellence for the Corporate Risk Management Department. This role offers the opportunity to collaborate with internal stakeholders and external partners to manage financial activities including cost accounting, budgeting, forecasting, allocations, reporting and compliance for the Department including Property & Casualty insurance, Workers’ Compensation insurance, Northrop Grumman’s Captive insurance companies and department budgets.

The ideal candidate is a self-starter who can manage complex tasks independently with strong business acumen, advanced SAP S/4 and Excel skills, and the ability to clearly and confidently communicate complex financial concepts to cross functional teams and senior leadership.  The ability to effectively manage multiple stakeholders, critical deadlines and ensure timely deliverables is paramount to the success of the role.

This role requires a commitment to upholding Northrop Grumman’s core values of integrity, innovation, accountability, and a shared purpose to drive success in every initiative.

Roles and Responsibilities

Key Responsibilities:

• Develop Forward Pricing Rate Proposals (FPRP) and Incurred Cost Claims (ICC) while ensuring compliance with financial regulations.
• Develop balance sheet recognition for self-insurance program within Property & Casualty FPRP
• Oversee cost accounting, cost allocations, amortizations, cost tracking, variance analysis, journal entries and accurate forecasting of enterprise insurance expenses.
• Maintain cost structures, create charge numbers and issues charging guidance to stakeholders
• Manage Corporate Risk Management Department and Workers’ Compensation COE budgets
• Lead audit responses (DCAA/DCMA, SEC, captive insurers) and serve as a liaison with brokers and captive management teams.
• Collaborate with stakeholders to implement process improvements, enhance efficiencies, and ensure compliance with accounting standards.
• Present insights on budget trends, risks, and opportunities to senior management while maintaining timely deliverables.

• Other duties and special projects as assigned.

Qualification Skills

Basic Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, Insurance or related business management field
• 8+ years of experience (6+ years with a Master’s degree) in Finance, Accounting, Business Administration, Insurance or related Business Management roles.
• Advanced proficiency in SAP S/4 and Microsoft Excel.
• Strong analytical, organizational, and reporting skills.
• Exceptional written and verbal communication skills. 
• Proficiency with Microsoft Office Suite.

Preferred Qualifications:

• Working knowledge of GAAP and Cost Accounting Standards (CAS).
• Familiarity with risk management, insurance and insurance captives.
• Experience with audits and compliance.
• Proven ability to develop rates, budgets and forecasts at a corporate level.

Why Join Us?

At Northrop Grumman, you will have the opportunity to contribute to impactful projects and develop innovative financial solutions while working in a collaborative, dynamic environment. We value talent that thrives on challenges and drives success in high-stakes settings while embodying our core values.

Take your career to the next level—apply today!

Salary Range: $113,500.00 - $170,300.00

The above salary range represents a general guideline; however, Northrop Grumman considers a number of factors when determining base salary offers such as the scope and responsibilities of the position and the candidate's experience, education, skil