Program Cost Control Senior Analyst

Raytheon; McKinney (TX); Hybrid; USD 69,000 - 131,000; Full time

Benefits offered by this job

Total rewards package

Parental leave

Educational assistance

Flexible work schedules

Job summary

Raytheon in McKinney, TX is seeking a Sr Analyst, Program Cost Controls to support the STARS team, focusing on financial forecasting, EACs, LREs, and cash management for MSR product lines. The role requires collaboration across Contracts, Operations, Engineering, and Finance.

The ideal candidate has a finance or related degree with 2+ years of experience and strong Excel, PowerPoint, and business communication skills. Hybrid work is offered with a security-clearance requirement.

Qualifications

• Typically requires a Bachelor’s degree in Finance, Accounting, Business, Economics, or a related discipline and a minimum of 2 years of relevant experience; or an advanced degree in a related discipline and less than 2 years of applicable experience.
• Experience using Microsoft Excel for financial analysis and reporting, including PivotTables, advanced formulas, and data analysis.
• Experience using Microsoft PowerPoint and Word to prepare financial reports, presentations, and business documentation.
• U.S. citizenship is required because only U.S. citizens are eligible for U.S. Government security clearance access.

Responsibilities

• Lead and support monthly financial planning, forecasting, and close activities using RPLAN.
• Prepare and maintain Quarterly Estimates at Completion (EACs) and monthly Latest Revised Estimates (LREs).
• Analyze forecast commitments, financial risks, and opportunities and communicate results to program teams and senior leadership.
• Prepare weekly, monthly, and quarterly variance analyses, including identification of trends, cost drivers, and variances to plan or forecast.
• Perform cost, schedule, and financial reporting activities, including funding analysis, funding tracking, forecasting, and reporting using established enterprise tools and processes.
• Review and validate EAC inputs, financial presentations, and proposal materials for accuracy, completeness, and consistency with approved financial baselines.

Skills

Excel for analysis

PivotTables

PowerPoint

Word

Financial forecasting

Variance analysis

Data analysis

Cross-functional collaboration

Communication

Education

Bachelor’s degree in Finance/Accounting/Business/Economics

Tools

SAP

APEX EV

BW

RPLAN

PRISM

Job description

Location: US-TX-MCKINNEY-513WC ~ 2501 W University Dr ~ WING C BLDG

Date Posted: 2026-09-16

Country: United States of America

Location: US-TX-MCKINNEY-513WC ~ 2501 W University Dr ~ WING C 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 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.

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.

Radio Frequency Solutions (RFS), a mission area within Advanced Products & Solutions (APS), is seeking a Sr Analyst, Program Cost Controls to support the Surveillance and Tactical Advanced Radar Solutions (STARS) team. The position supports the MSR product line, including production and spare programs with multiple end-users.

The position is responsible for financial forecasting and reporting, variance analysis, Estimates at Completion (EACs), Latest Revised Estimates (LREs), proposal support, and cash management. The position supports an onsite functional team and provides financial analysis and recommendations related to program execution, financial performance, and forecasts.

What You Will Do:

• Lead and support monthly financial planning, forecasting, and close activities using RPLAN.
• Prepare and maintain Quarterly Estimates at Completion (EACs) and monthly Latest Revised Estimates (LREs).
• Analyze forecast commitments, financial risks, and opportunities and communicate results to program teams and senior leadership.
• Prepare weekly, monthly, and quarterly variance analyses, including identification of trends, cost drivers, and variances to plan or forecast.
• Perform cost, schedule, and financial reporting activities, including funding analysis, funding tracking, forecasting, and reporting using established enterprise tools and processes.
• Review and validate EAC inputs, financial presentations, and proposal materials for accuracy, completeness, and consistency with approved financial baselines.
• Perform PRISM and material financial analysis, including MRP updates and analysis of grouping, pegging, and distribution impacts.
• Analyze material costs and related financial data to support end-to-end material cost reporting.
• Coordinate with Program Management, Contracts, Operations, Engineering, and other functional organizations to obtain and validate financial and operational information.
• Prepare financial analysis, reports, presentations, and recommendations for program leadership.
• Support proposal activities through financial analysis, cost data review, and preparation of required financial materials.
• Support program cash management activities, including analysis, tracking, forecasting, and reporting.

Qualifications You Must Have:

• Typically requires a Bachelor’s degree in Finance, Accounting, Business, Economics, or a related discipline and a minimum of 2 years of relevant experience; or an advanced degree in a related discipline and less than 2 years of applicable experience.
• Experience using Microsoft Excel for financial analysis and reporting, including PivotTables, advanced formulas, and data analysis.
• Experience using Microsoft PowerPoint and Word to prepare financial reports, presentations, and business documentation.
• U.S. citizenship is required because only U.S. citizens are eligible for U.S. Government security clearance access.

Qualifications We Prefer:

• Experience using SAP, APEX EV, Business Warehouse (BW), RPLAN, PRISM, or comparable enterprise financial systems.
• Experience working with cross-functional organizations, including Contracts, Operations, Engineering, Program Management, or Finance.
• Experience analyzing financial and operational data to evaluate program or portfolio performance, identify variances, and support corrective actions.
• Experience managing multiple assignments, priorities, and reporting requirements within established deadlines.
• Experience working in a matrixed organizational structure.
• Experience with Government Contracting (GovCon) or Defense industry financial processes.
• Experience presenting financial or program information to management.
• Experience with government accounting requirements.
• Experience with Sarbanes-Oxley (SOX) compliance requirements.
• Experience supporting domestic and international financial operations.
• Experience analyzing large financial datasets using Excel, enterprise financial systems, business intelligence tools, or comparable data analysis applications.
• Experience with Financial Planning & Analysis (FP&A), including financial forecasting, variance analysis, budgeting, and financial reporting.
• Experience preparing EACs and LREs.
• Experience with cost, schedule, and financial analysis.
• Experience with material cost analysis, MRP, grouping, pegging, and distribution.
• Experience supporting proposal financial analysis and pricing activities.
• Experience with program cash management, including cash forecasting and reporting.
• Experience preparing and delivering financial briefings, reports, and summaries to senior leadership.
• Experience communicating financial results, trends, variances, risks, and opportunities to internal and external stakeholders.

What We Offer:

• 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, achievement awards, educational assistance, and child/adult backup care.

Learn More & Apply Now!

• 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.
• Clearance Information: Clearance Information: This position requires security clearance. DCSA Consolidated Adjudication Services (DCSA CAS), an agency of the Department of Defense, handles and adjudicates the security clearance process. More information about Security Clearances can be found on the US Department of State government website here: https://www.state.gov/m/ds/clearances/c10978.htm

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 68,900 USD - 131,100 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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