Principal Cost Estimating Analyst - Cambridge, MA or Reston, VA
Cambridge, MA  / Reston, VA 
Posted 1 day ago
Job Description
Principal Cost Estimating Analyst - Cambridge, MA or Reston, VA
Job Location US-MA-Cambridge | US-VA-Reston
Requisition ID 2022-6479

Draper is an independent, nonprofit research and development company headquartered in Cambridge, MA. The 1,800 employees of Draper tackle important national challenges with a promise of delivering successful and usable solutions. From military defense and space exploration to biomedical engineering, lives often depend on the solutions we provide. Our multidisciplinary teams of engineers and scientists work in a collaborative environment that inspires the cross-fertilization of ideas necessary for true innovation. For more information about Draper, visit

Our work is very important to us, but so is our life outside of work. Draper supports many programs to improve work-life balance including workplace flexibility, employee clubs ranging from photography to yoga, health and finance workshops, off site social events and discounts to local museums and cultural activities. If this specific job opportunity and the chance to work at a nationally renowned R&D innovation company appeals to you, apply now

Equal Employment Opportunity

Draper is committed to creating a diverse environment and is proud to be an affirmative action and equal opportunity employer. We understand the value of diversity and its impact on a high-performance culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information.

Draper is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please contact


Draper is seeking a Principal Cost Estimating Analyst who will be responsible for costing and pricing complex proposals from RFP and proposal authorization to coordinating inputs and guiding the proposal financials through the management review process, as well as providing government audit support and fact-finding support as needed. This position, reporting to the Associate Director, Corporate Finance, works closely with the various functional teams such as Engineering, Procurement, Program Management and Contracts.

Primary Responsibilities:

    Develops proficiency in the use of the Company estimating systems and processes to prepare, analyze, evaluate, and coordinate cost proposals to government and commercial customers
  • Coordinates the collection and accumulation of cost input from cross-functional departments
  • Supports consolidation and pressure-testing of basis of estimates (BoEs) across all elements of cost (Labor, Material, Travel / Other Direct Costs, Subcontracts) for accuracy and completeness
  • Researches and analyzes historical data, and develops cost models to support proposal efforts and determine the of accuracy of functional estimates
  • Assesses estimating techniques and historical actuals documentation
  • Evaluates Bill of Materials (BOMs), selects appropriate pricing methods (ex: purchase order history, vendor quotes, etc.), and ensures all quotes are recent
  • Consolidates cost estimates in pricing tool / ERP system
  • Reviews the work of other Cost Estimators and supports the Associate Director in administering the cost estimating function for the organization
  • Generates cost volume, financial analyses, and ad hoc support as needed
  • Supports audit requests, fact-finding, and negotiation discussions
  • Ensures adherence to Federal Acquisition Regulations (FAR), certified cost and pricing compliance (aka TINA), and internal policies and procedures with regard to estimating, cost proposal preparation, review, compliance, submission, updates / revisions, and negotiations

Basic Qualifications:

  • Previous experience in cost estimation
  • Must have the ability to obtain and maintain a Secret Clearance
  • Candidate should have 7+ years of progressive experience, including a strong background and demonstrated advancement in accounting or finance roles
  • Bachelor's degree in business or related discipline, or equivalent, required; advanced degree (MBA or Master's degree in Accounting or Finance), preferred
  • Developing relationships is key for this role as you will work in frequent collaboration with others
  • Able to communicate and present cost estimating information to leadership

Preferred Qualifications:

  • Active Secret clearance
  • Experience in bidding to different contract types (FFP, FPIF, CPFF, CPIF, T&M)
  • Excellent communication and analytical skills
  • Detail-oriented with the ability to ensure bids are completed on schedule
  • Proficient in handling multiple projects simultaneously
  • Self-starter that is capable of working independently and in a team environment



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Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
7+ years
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