Principal Specialist, FP&A- Budgets

Raytheon; Woburn (MA); Hybrid; USD 87,000 - 165,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

Life insurance

401(k) match

Job summary

Raytheon in Massachusetts is seeking a finance professional for the FP&A Budgets team. You will lead analysis, reporting of overhead expenditures, and collaborate with HR, Legal, Contracts and other functions to support budgeting processes and headcount planning.

The role requires strong communication, business knowledge and the ability to work with multiple leadership levels; hybrid onsite/offsite work is supported, with clear expectations for collaboration and accuracy.

Qualifications

• Typically requires a Bachelor’s and a minimum of 5 years prior relevant experience, or an Advanced Degree in a related field and a minimum of 3 years experience.
• Experience with SAP and Microsoft Office.
• U.S. Citizenship is required, as only U.S. citizens are authorized to access the financial management system due to government contractual requirements.

Responsibilities

• Establish Annual Operating Plan (AOP), Estimate at Completion (EAC), compilation of monthly variance reporting and analysis, as well as support for Forward Pricing Rate Proposals and Incurred Cost Submissions.
• Partner with supporting functions to forecast and manage the expenses within their portfolio across all the Raytheon Cost Accounting Segments.
• “As required”/ad-hoc analysis and reporting in support of Raytheon budgets, maintaining historical records, analyzing trends, recommending and interpreting budgetary policies and procedures and participating in internal management reviews.
• Ensure proper financial controls, maintain compliance, and support the needs of the business.
• Assist with creating Purchase Orders, invoice processing and approvals, IOTs.

Education

Bachelor’s degree

Tools

SAP

Microsoft Office

Job description

Location: US-MA-TEWKSBURY-TB4 ~ 836 North St ~ INNOVATION BLDG

Date Posted: 2026-08-24

Country: United States of America

Location: US-MA-TEWKSBURY-TB4 ~ 836 North St ~ INNOVATION BLDG

Position Role Type: Hybrid

U.S. Citizen, U.S. Person, or Immigration Status Requirements: U.S. citizenship is required, as only U.S. citizens are authorized to access certain necessary systems.

Security Clearance Type: None/Not Required

Security Clearance Status: Not Required

At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose and inspired to make a difference solving the world’s most complex problems. With our three market leading businesses, world-class operations and investments in research and development, we offer capabilities and opportunity no one else can. Together, we push the boundaries of known science and find new ways to connect and protect our world.

Raytheon brings 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. We deliver solutions that help our nation and allies defend freedoms and deter aggression, creating a safer, more secure world. Join us and help shape the future of aerospace and defense.

The Raytheon Financial Planning and Analysis (FP&A) Budgets team has an exciting opportunity for an experienced Finance professional to demonstrate their skill set while growing their network. The Budgets team manages overhead expenditures and headcount for the Human Resources, Legal, Contracts, Finance, Executives, Strategy, Performance Excellence and Requirements and Capabilities functions. This position will have the opportunity to support various functions by leading the analysis, collection and reporting of overhead expenditures. This role provides exposure to multiple levels of leadership. This position requires an individual who possesses overall business knowledge with strong communication and relationship building skills.

What You Will Do

• Establish Annual Operating Plan (AOP), Estimate at Completion (EAC), compilation of monthly variance reporting and analysis, as well as support for Forward Pricing Rate Proposals and Incurred Cost Submissions.
• Partner with supporting functions to forecast and manage the expenses within their portfolio across all the Raytheon Cost Accounting Segments.
• “As required”/ad-hoc analysis and reporting in support of Raytheon budgets, maintaining historical records, analyzing trends, recommending and interpreting budgetary policies and procedures and participating in internal management reviews.
• Ensure proper financial controls, maintain compliance, and support the needs of the business.
• Assist with creating Purchase Orders, invoice processing and approvals, IOTs.

Qualifications You Must Have

• Typically requires a Bachelor’s and a minimum of 5 years prior relevant experience, or an Advanced Degree in a related field and a minimum of 3 years experience
• Experience with SAP and Microsoft Office
• U.S. Citizenship is required, as only U.S. citizens are authorized to access the financial management system due to government contractual requirements.

Qualifications We Prefer

• Strong financial acumen and analytical critical thinking. Excellent ability to summarize findings and organize analysis for customers.
• Excellent time management, prioritization, and problem-solving skills.
• Strong interpersonal, collaboration and communication skills.
• Familiarity with Disclosure Statements and Cost Accounting Standards. Ability to classify activities by appropriate color of money.
• Able to work both independently (self-guided) and as an integral team member in a highly dynamic work environment.
• Be detail orientated and forward thinking.
• Understanding of how indirect expense impacts rates.
• Experience with RPlan.

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.

Hybrid: Employees who are working in Hybrid roles will work regularly both onsite and offsite. Ratio of time working onsite will be determined in partnership with your leader.

As part of our commitment to maintaining a secure hiring process, candidates may be asked to attend select steps of the interview process in-person at one of our office locations, regardless of whether the role is designated as on-site, hybrid or remote.

The salary range for this role is 86,800 USD - 165,200 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills.

Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays. Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.

Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether or not it is covered by a collective-bargaining agreement. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance.

This role is a U.S.-based role. If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply.

RTX anticipates the application window closing approximately 40 days from the date the notice was posted. However, factors such as candidate flow and business necessity may require RTX to shorten or extend the application window.

RTX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status, or any other applicable state or federal protected class. RTX provides affirmative action in employment for qualified Individuals with a Disability and Protected Veterans in compliance with Section 503 of the Rehabilitation Act and the Vietnam Era Veterans’ Readjustment Assistance Act.

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