Cost Manager

Rolls-Royce; Derby; On-site; GBP 45,000 - 70,000; Full time

Job summary

Rolls-Royce is seeking a Cost Manager for their Trent 1000/7000 Value Stream team in Derby. The role involves developing a cost strategy that impacts profitability and collaborating with various departments to ensure financial efficiency. Candidates should have strong analytical skills and a business degree.

Benefits

Competitive salary

Exceptional benefits including bonuses and employee support

Hybrid working arrangement

Qualifications

• Strong understanding of health and safety standards.
• Ability to understand complex data for business outcomes.
• Experience in communicating with senior stakeholders.

Responsibilities

• Define and communicate the aftermarket cost strategy.
• Accountable for accurate aftermarket cost commitments.
• Integrate with teams to provide clear cost policies.

Skills

Strong business acumen

Analytical skills

Ability to influence

Education

Degree qualified

Job description

Job Description

Cost manager

Full time

Derby

We have an exciting opportunity an enthusiastic, self-motivated leader to join the Trent 1000/7000 Value Stream team as a Cost manager.

With over 600 aircraft in service and a growing orderbook of aircraft, the Trent 1000/7000 Value Stream covers the full breadth of activity of those engines in service and provides a unique opportunity to develop business breadth across the lifecycle of an engine.

Reporting to the Senior Vice President - Contract Management, you will define a robust cost strategy roadmap, policies and baseline cost assumptions which underpin the profitability of the Trent 1000/7000 so have a direct impact on our business performance. This will be for both existing and future business as well as evaluating the business impact of cost reduction proposals.

Why Rolls-Royce?

Rolls-Royce is one of the most enduring and iconic brands in the world and has been at the forefront of innovation for over a century. We design, build and service systems that provide critical power to customers where safety and reliability are paramount.

We are proud to be a force for progress, powering, protecting and connecting people everywhere.

We want to ensure that the excellence and ingenuity that has shaped our history continues into our future, and we need people like you to come and join us on this journey.

We’ll provide an environment of caring and belonging where you can be yourself. An inclusive, innovative culture that invests in you, gives you access to an incredible breadth and depth of opportunities where you can grow your career and make a difference.

What we offer:

We offer excellent development opportunities, a competitive salary, and exceptional benefits. These include bonus, employee support assistance and employee discounts.

Your needs are as unique as you are. Hybrid working is a way in which our people can balance their time between the office, home, or another remote location. It’s a locally managed and flexed informal discretionary arrangement. As a minimum we’re all expected to attend the workplace for collaboration and other specific reasons, on average three days per week.

What you will be doing:

In this exciting role, you will define, secure approval, own and communicate the aftermarket cost strategy consistent with delivery of improved contract returns, 5-year plan commitments, business plan requirements and overall margin improvement objectives , as well as:

• Own the product cost attributes on behalf of the Trent 1000/7000, ensuring the inputs are robust, with clear action plans to reach the committed attributes where required.
• Accountable for defining accurate and robust aftermarket cost commitments for the 5-year plan and for new and existing business evaluations
• Own the integrated processes to provide these inputs into our contracted business and associated financial processes.
• Capture both opportunities & hazards to aftermarket cost and create plans to realise/mitigate including recommendation of financials provision to manage both risks and uncertainties.
• Integrate with Finance, Service Business, Engineering, Aftermarket Operations and Customer Team to provide clear cost commitments. policies and assumptions
• Provide business case support and approval for cost reduction initiatives and product changes.

Who we’re looking for:

At Rolls-Royce we put safety first, do the right thing, keep it simple and make a difference. These principles form the behaviours that guide us and are an essential component of our assessment process. They are the fundamental qualities that we seek for all roles. For this role you will need to demonstrate understanding of the applicable health and safety standards and we are looking for someone who is/has:

To be successful in this role you will need to meet the following criteria:

• Strong business acumen and good analytical skills, some product understanding.
• Ability to understand complex data and digest into tangible business outcomes, policies and recommendations.
• The ability to communicate & influence senior stakeholder groups and other business areas.
• Degree qualified

We are an equal opportunities employer. We’re committed to developing a diverse workforce and an inclusive working environment. We believe that people from different backgrounds and cultures give us different perspectives. And the more perspectives we have, the more successful we’ll be. By building a culture of respect and appreciation, we give everyone who works here the opportunity to realise their full potential.

We welcome applications from people with a refugee background.

You can learn more about our global Inclusion strategy at Our people | Rolls-Royce

Job Category Services Fleet/Contract Management Posting Date 03 Jul 2025; 00:07 Posting End Date 17 Jul 2025