Manager - Budget and Rates

Posted Yesterday
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Arlington, VA, USA
In-Office
80K-160K Annually
Senior level
Defense • Manufacturing
The Role
Manages annual budgets, direct and indirect rate development, Forward Pricing Rate Proposals, incurred cost submissions, variance analysis, and government audit readiness. Partners with finance, accounting, contracts, program management, and department leaders to ensure FAR, DFARS, CAS, DCAA, and DCMA compliance. Reports financial performance and corrective actions to leadership, supports cost and rate audits, maintains accounting and estimating system readiness, and drives policy improvement and accountability.
Summary Generated by Built In

Location: Rosslyn, VA (on-site)

Position Overview
 We are seeking an experienced Budget and Rates Manager that will be responsible for preparation and oversight of all budgeting and indirect rate requirements for the various HDUSA business lines. The ideal candidate brings deep finance expertise, mastery of defense/regulated environments (FAR/DFARS, CAS, DCAA/DCAA audits), and has a track record of working closely with senior business leaders, contracts, and finance to develop and update the corporations Forward Pricing Rate Submission (FPRP).

 

Key Responsibilities

  • Manage and develop the annual budget process, including development of direct and indirect budgets, which will be utilized in the annual Forward Pricing Rate (FPRP) submission.
  • Identify, report, and explain monthly and year-to-date variances to the annual budgets including potential risks and opportunities.
  • Prepare and submit quarterly cost monitoring reports to DCMA/DCAA, comparing actual incurred costs to forward pricing, and perform variance analysis.
  • Support government compliance with FAR/DFARS/CAS audit readiness, indirect rate management, and financial controls across the business.
  • Manage the preparation of the incurred cost submission, including coordination with program management, finance, accounting, and other departments as appropriate to validate and analyze direct and indirect cost data in support of the annual incurred cost submission (ICE) to the USG.
  • Support requests from DCMA/DCAA related to audits of the forward pricing proposal, incurred cost proposal, pre-award contract audits, post-award contract audits, and other audits as requested.
  • Support accounting system and estimating system readiness audits.
  • Perform various ad hoc analyses as required to include trend analysis, effects of one-time events, “what if” scenarios related to indirect budgets, and other special projects.
  • This position will interface with Finance, Accounting, and various other Department Leads.
  • Brief and report to leadership on the annual budgets, including indirect rates, monthly and year-to-date performance against the budgets, and recommended corrective action plans if necessary.
  • Responsible for continuous improvement of policies and procedures, in support of budgets and rates.
  • Foster a culture of accountability and continuous improvement.


Required Qualifications

  • Bachelor’s degree in finance, accounting, business, engineering, or related field.
  • MBA or master’s in accounting or finance are strongly preferred.
  • 8+ years of progressive finance leadership experience, including direct experience in the A&D industry, including experience with complex defense manufacturing.
  • Demonstrated success developing budgets and rates in USG CAS covered environment with multi-year and high‑value contracts.
  • Working knowledge of FAR/DFARS, CAS, indirect rate structures, and government audits.
  • Familiarity and hands-on experience with accounting & estimating business systems.
  • Proven communication skills—capable of translating complex financials into clear, actionable insights for leadership.

Preferred Qualifications

  • CPA, CFA, certifications a plus.
  • Experience with DCAA, DCMA, USG agency audits.
  • Familiarity with various USG contract types (FFP, FPI, CP, T&M, etc.).
  • Familiarity with cost/price analysis, cost modeling, estimating, and proposal development is a plus.

Key Competencies

  • Budget and Indirect Rate development.
  • Government Compliance and CAS Cost structure.
  • Data‑driven decision making & communication.
  • Team leadership & talent development

EDUCATION

  • Bachelor’s degree in finance, accounting, business or related field.
  • Advanced degrees (MBA, MS, etc.,) preferred.

Hanwha Defense USA is committed to pay transparency and equitable compensation practices. The salary range listed for this position represents a good faith estimate of the base pay we reasonably expect to offer for the position at the time of posting. Actual compensation may vary based on relevant skills/experience, education and certifications, market conditions, geographic location and internal pay equity. In addition to base salary, employees may be eligible for discretionary annual bonuses, benefits, and other forms of compensation as part of Hanwha Defense USA's total rewards package. 

Hanwha Defense USA is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, national origin, age, sex, gender identity or expression, sexual orientation, disability, veteran status, or any other protected characteristic.

Skills Required

  • Bachelor's degree in finance, accounting, business, engineering, or a related field
  • 8+ years of progressive finance leadership experience
  • Direct experience in the aerospace and defense industry, including complex defense manufacturing
  • Experience developing budgets and indirect rates in a U.S. government CAS-covered environment with multi-year, high-value contracts
  • Working knowledge of FAR, DFARS, CAS, indirect rate structures, and government audits
  • Hands-on familiarity with accounting and estimating business systems
  • Strong communication skills and ability to translate complex financial information into actionable leadership insights
  • MBA or master's degree in accounting or finance
  • CPA, CFA, or other relevant certifications
  • Experience with DCAA, DCMA, and U.S. government agency audits
  • Familiarity with U.S. government contract types including FFP, FPI, CP, and T&M
  • Familiarity with cost and price analysis, cost modeling, estimating, and proposal development
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The Company
76 Employees
Year Founded: 2021

What We Do

Hanwha Defense USA supplies combat-proven military platforms and defense capabilities to the U.S. warfighter, spanning land systems, maritime solutions, and munitions. Its portfolio includes armored vehicles, artillery, naval systems, shipbuilding, and manned and unmanned platforms. The company emphasizes advanced technology, scaled manufacturing, resilient supply chains, and building domestic industrial capacity through local workforces and supplier partnerships to strengthen U.S. defense readiness and national resilience.

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