Product Cost Manager

What you will be doing:

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 be the Trent 1000/7000 Value Stream lead for all activity related to the delivery of product cost commitments. Successful management of Product Cost is critical to ensure strategic initiatives and committed business returns are delivered. An exciting opportunity to help shape our business and grow profit for one of our critical portfolios.

You will interface with the Civil Manufacturing Operations and Procurement teams establishing relationships and growing your network across the enterprise. Ensuring Product Cost for both Trent 1000 & Trent 7000 engines are optimised to deliver margin growth on new engine deliveries and aftermarket part sales. So if collaboration and problem solving is something you enjoy this environment of coming together to tackle challenges, refining ideas and driving change will be highly rewarding.

Responsibilities:

You'll be responsible for defining the Product Cost strategy for the Trent 1000/ 7000 engines, including benchmarking to ensure best in class.

• Deliver Value Stream engine margin improvement for the strategic workstream covering both Revenue and Cost levers.
• Own Product cost inputs to all major business processes and reviews including Business Plan, Contract Review Packs and Product Introduction and Lifecycle Management (PILM).
• Partner with the Manufacturing Operations and Procurement teams to identify, influence and drive major cost strategies and initiatives to deliver committed targets.
• Ensure robust and integrated governance and reporting framework exists to drive engagement and execution of commitments.
• Drive a cost focused culture in product management processes to ensure cost informed decision-making and understanding of financial implications of business activities.

Why Rolls-Royce?

Work with us and we’ll welcome you into a culture of caring and belonging where you can be yourself. We will listen first, embrace feedback and act with integrity. We will invest in your continuous learning and development, and make sure you have access to a wide breadth and depth of opportunities to grow your career and make a difference.

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

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, frequency will depend on business needs, nature of role, what works for the team and for the individual. Discover more on our GBS Service Portal about hybrid working.

Who we’re looking for:

Being a part of Rolls-Royce you’ll know we put safety first, do the right thing, keep it simple and make a difference. These principles form our behaviours. They are an essential component of our assessment process and are fundamental qualities that we seek for in all roles.

• Business strategy, finance, or cost/commercial experience, these can come from many different industries. A reasonable level of product knowledge would be beneficial but is not essential.
• Strategic business sense, combined with an ability to think creatively and challenge the status quo. You will enjoy solving problems, unlocking opportunities for innovation and growth.
• Motivated to drive change to tackle tough business challenges through excellent collaboration and teamwork. We pride ourselves on group thinking to solve our biggest problems.
• Known for strong communication skills and the ability to influence cross functional teams and senior stakeholders to build trust.
• Degree qualified or relevant experience desirable.

Join us & help Rolls-Royce to become a high-performing, competitive, resilient business

Please be aware that the priority will be given to employees identified as being at high risk.

It is advised that you inform your current manager of your application for this role.

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.

Learn more about our global Inclusion Strategy