Principal Specialist, Program Cost Controls

Prattwhitney; Cedar Rapids (IA); On-site; USD 87,000 - 165,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

3 weeks vacation for new hires

401(k) plan with company match

Tuition reimbursement

Job summary

RTX seeks a Principal Specialist, Program Cost Controls in Cedar Rapids, IA, to join our Finance Planning and Analysis team. You will develop program cost baselines, monitor performance, and provide actionable insights to Project Leadership for large development programs.

This role emphasizes earned value management and rigorous cost controls. You will collaborate with CAMs, lead month-end processes, and support forecasts, EACs, and risk assessments, ensuring timely, accurate financial reporting

Qualifications

• Requires a University Degree with minimum 5 years of relevant experience, or an Advanced Degree with minimum 3 years of experience.
• Experience with Microsoft Office including extensive Excel usage.
• Preferred experience with SAP.
• Experience with Earned Value Cost Engines/EVMS and program controls.

Responsibilities

• Provide financial planning and control on large development programs.
• Develop PMB for earned value and project management.
• Establish CWBS and CWBS Dictionary for programs.
• Analyze cost and schedule performance; identify trends for leadership action.
• Prepare and analyze Estimates at Complete (EACs) and support program teams.
• Incorporate regular status and ETC updates from CAMs for reporting.
• Lead month-end process and support program management in risk assessment.
• Support monthly sales forecasts and EV training for teams.

Skills

Excel

MS Office

SAP

Earned Value/EVM

Education

University Degree

Advanced Degree

Tools

SAP

Job description

Date Posted: 2026-08-06 Country: United States of America Location: US-IA-CEDAR RAPIDS-139 ~ 855 35Th St NE ~ BLDG 139 Position Role Type: Onsite U.S. Citizen, U.S. Person, or Immigration Status Requirements: U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract. 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. Collins Aerospace is a leader in technologically advanced, intelligent solutions that help redefine the aerospace and defense industry. With a comprehensive portfolio and deep technical expertise, we help customers meet the demands of the global market. Join us and help shape the future of aerospace and defense. Collins Aerospace is actively seeking a Principal Specialist, Program Cost Controls. This position contributes to a team of intermediate to experienced Financial Planning and Analysis professionals, meeting objectives and working with team members on financial analysis, research, budgets, and forecasts. Responsible for preparation of forecasts and performance of financial modeling to develop recommendations for management. This position will be working onsite in Cedar Rapids, IA.

What You Will Do

• Provide effective financial administrative planning and control on large/challenging development programs.
• Develop program Performance Measurement Baseline (PMB) for earned value / project management purposes
• Establish a Contract Work Breakdown Structure (CWBS) and CWBS Dictionary
• Perform analysis of program cost and schedule performance, identifying trends, and providing information to Project Leadership Team for corrective action implementation.
• Preparation and analysis of Estimates at Complete (EACs) and complete financial support to assigned program teams.
• Incorporate regular status and ETC updates based on inputs from CAMs.
• Lead program teams through month end process
• Support Program Management in assessing program risks and opportunities
• Support Program Management in preparation of monthly sales forecasts
• Provide Earned Value training to program teams
• Accommodate unexpected events, achieve critical deadlines with quality results and perform as a flexible team member in support of the objectives and initiatives of Mission Systems.

Qualifications

• Typically requires a University Degree and minimum 5 years prior relevant experience or an Advanced Degree in a related field and minimum 3 years of experience
• Experience with Microsoft Office including extensive experience in Excel
• We Prefer Experience with SAP
• Experience with Earned Value Cost Engines/Software Program controls and EVMS background

What We Offer

• Medical, dental, and vision insurance
• Three weeks of vacation for newly hired employees
• Generous 401(k) plan that includes employer matching funds and separate employer retirement contribution, including a Lifetime Income Strategy option
• Tuition reimbursement program
• Student Loan Repayment Program
• Life insurance and disability coverage
• Optional coverages you can buy pet insurance, home and auto insurance, additional life and accident insurance,critical illnessinsurance, group legal, ID theft protection
• Birth, adoption, parental leave benefits
• Ovia Health, fertility, and family planning
• Adoption Assistance
• Autism Benefit
• Employee Assistance Plan, including up to 10 free counseling sessions
• Healthy You Incentives, wellness rewards program
• Doctor on Demand, virtual doctor visits
• Bright Horizons, child and elder care services
• Teladoc Medical Experts, second opinion program
• And more!

Salary

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.

RTX anticipates the application window closing approximately 40 days from the date the notice was posted.

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.

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.

Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.

If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply.

This role is a U.S.-based role.

It comprises three industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon. Its 195,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity.

Do you want to be a part of something bigger? A team whose impact stretches across the world, and even beyond? At Collins Aerospace, our Mission Systems team helps civilian, military and government customers complete their most complex missions — whatever and wherever they may be. Our customers depend on us for intelligent and secure communications, missionized systems for specialized aircraft and spacecraft and collaborative space solutions. Join our mission today. Are you up for the challenge? Join our mission today.