Principal Specialist, Program Cost Controls (onsite)

Date Posted:

2024-08-09

Country:

United States of America

Location:

TX190: 2501 West University, McKinney 2501 West University , McKinney, TX, 75070 USA

Position Role Type:

Onsite

At Raytheon, the foundation of everything we do is rooted in our values and a higher calling – to help our nation and allies defend freedoms and deter aggression. We bring the strength of more than 100 years of experience and renowned engineering expertise to meet the needs of today’s mission and stay ahead of tomorrow’s threat. Our team solves tough, meaningful problems that create a safer, more secure world. 

The Raytheon Finance Operations Supply Chain (OSC) organization has an immediate opening for a Principal Specialist, Program Cost Controls (P3) to join our team working onsite at our McKinney, TX location.

The successful candidate will be able to train a group of financial analysts responsible for the daily business and financial activities for programs within the McKinney CMC/ Advanced Product Center (APC) portfolio in the Inter Organization Transfer (IOT) function. The ideal candidate would be able to work in a challenging fast paced team environment, strong emphasis on applying earned value on development contracts, be a success minded team member who possesses strong self-initiative and multi-tasking skills, be able to provide analytical support while under critical deadlines and be involved in process improvement initiatives.

What You Will Do:

• You will be responsible for Cost/schedule control and analysis, Earned Value Management Systems (EVMS), Forecasting, Estimate-at-Completion (EAC), Latest Revised Estimates (LRE) & variance analysis.

• Reviewing and understanding Hours Per Unit (HPU) within Factory Finance and Operations.

• Data reviewing and reporting.

• Partnering with the Program Manager and CAMs/IPTLs; and providing financial leadership in the successful execution of various development contracts. 

• You will drive the operations finance process, monitor program health and compliance, and partner with other functional team members to improve program financial metrics.

• In addition, this position is responsible for actively identifying risks that affect cost and/or schedule and providing proactive analysis of all financial aspects of the responsible programs. 

• Performance of additional ad-hoc analysis will be required as well as support of 5 Year and AOP forecasting.

• Assist with training junior analysts.

Qualifications You Must Have:

• Typically, candidates will have a bachelor's degree and 5 years of relevant experience, or an advanced degree and 3 years of applicable experience. MBA preferred.

• Experience with Earned Value (EV)

• Experience with SAP Business Systems (i.e. APEX EV or PRISM EV)

Qualifications We Prefer:

• Experience developing program financials including development of time-phased integrated budgets and schedules, Earned Value (EV) data compliance and reporting, cost accounting and ongoing overseeing of cost and schedule integration

• Working knowledge of Financial Planning & Analysis (FP&A) concepts, related systems, and processes

• Exceptional analytical ability necessary to ensure program performance to plan and to ensure that problem areas are immediately identified, and corrective action is taken

• Ability to quickly learn and utilize program management systems and tools; and independently create and accurately analyze cost data

• Experience interfacing and conducting business with various functional disciplines (Contracts, Operations, Engineering, etc.) in program development and execution

• Strong written and verbal skills and experience in organizing, preparing, and presenting briefings to internal customers, management, and peers

Additional Information:

• This position is grade P3, Principal Specialist, Program Cost Controls.

• Relocation assistance is not available.

What We Offer

• Our values drive our actions, behaviors, and performance with a vision for a safer, more connected world. At RTX we value: Trust, Respect, Accountability, Collaboration, and Innovation.

• Whether you’re just starting out on your career journey or are an experienced professional, we offer a total rewards package that goes above and beyond with compensation; healthcare, wellness, retirement and work/life benefits; career development and recognition programs. Some of the benefits we offer include parental (including paternal) leave, flexible work schedules, achie