Material Program Financial Specialist I in Mobile, AL at Austal

Job Snapshot

Employee Type:



Mobile, AL

Job Description

Any qualified individual with a disability who is having difficulty in completing an application because of incompatible technology or other disability-related application issues may contact us at the following phone number for assistance: 251-445-1932.
Austal shall abide by the requirements of 41 CFR §§ 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disability.  Austal’s commitment to equal employment opportunity applies at all levels of employment, in all job titles, including the executive level, and to all employment actions, including but not limited to decisions concerning recruitment, hiring, training, and promotion. 

REPORTS TO:  LCS/EPF Material Program Manager



  • Support the financial planning, analysis and projection of program material and subcontract costs for new construction and post delivery contracts; prepare reports and projections based on this analysis
  • Track performance to budget and EACs, investigate and summarize variances; track corrective actions through issue resolution
  • Create rent versus buy analysis to support program capital expenditure requests
  • Support manager in the development and calculation of non-Labor costs for a complete Bill of Materials and all required subcontracts in support of proposals from the US Government.
  • Identify and support cost initiatives along with others in the department.
  • Support explanations for cost and schedule variances that are utilized in Corporate and Government reporting, including root cause analyses and mitigation plans to offset cost increases.
  • Support nonlabor cash flow projections for Program vessels as assigned.
  • Support corporate financial hedging process by helping manager with financial planning, analysis, projection, tracking, and variance explanations required for foreign currency exposures resulting from program material expenditures
  • Other responsibilities include financial support for Production Management as needed
  • Coordinate with other members of the program office and finance team to review financial information and forecasts
  • Generate basis financial models, forecasts, and metrics for new construction and post-delivery business to support project teams and facilitate Production management input where usage projections are needed
  • Travel (less than 5%) to support calculation of remaining costs (ETCs) and project accurate corporate financial forecasts for post-delivery business.
  • Continually monitor material spending versus the budget, researching variances and generating variance analysis reports and budget adjustment requests as needed
  • Work with Cost Accountants to ensure accurate costs or accruals are taken on all material purchases
  • Calculate accurate earned value progress for material control accounts and support manager in projecting Estimates at Completion (EAC) for multiple vessels
  • Work with Purchasing Management to understand and facilitate forecasts and drive performance to those forecasts
  • Other duties as assigned


  • Bachelor’s degree in related field – Accounting, Finance, Statistics, Economics, Business Administration or another related field
  • Intermediate-level analytical and financial modeling skills
  • Advanced skills with Excel spreadsheets using SUMIF and VLOOKUP formulas
  • Strategic thinking and very detail oriented
  • Good presentation skills
  • Ability to influence and persuade
  • Excellent time management and organizational ability
  • Ability to multitask and meet constant deadlines
  • Able to work long hours when necessary
  • Ability to analyze data and communicate analysis to Austal management
  • Active learner interested in career growth and development
  • Ability to consistently initiate process improvements, obtain buy in, and support effective implementation
  • Patience to deal with abstract, incomplete data and unrefined processes


  • Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook)
  • Advanced Microsoft Excel skills required




  • Austal Senior Management
  • Supply Chain Managers, Strategic Sourcing Specialists, and Buyers
  • Logistics Management
  • Austal Cost Accountants and EVMS Accountants
  • Project Managers & Program Directors
  • Peers on other programs
  • Austal’s Treasury Manager