Program Cost Controls Principal Specialist

Raytheon; McKinney (TX); On-site; USD 87,000 - 165,000; Full time

Benefits offered by this job

Parental leave

Flexible work schedules

Educational assistance

Job summary

Raytheon in McKinney, TX seeks a Program Cost Control Specialist within the EAS Finance team supporting NGJ Sustainment Programs. You will manage weekly/monthly reporting, EAC/LRE, forecasting, invoicing, and financial reviews, coordinating with Program Management and stakeholders. Hybrid work authorized, U.S. citizenship required.

Qualifications include a Bachelor’s in Finance/Accounting/Business and 5+ years of relevant experience, or an advanced degree with 3+ years, plus EVMS/EAC experience.

Qualifications

• Typically requires a Bachelor’s degree in Finance, Accounting, Business Administration, or a related field and a minimum of 5 years of relevant experience; or an advanced degree in a related field and a minimum of 3 years of relevant experience
• Experience performing program financial analysis, forecasting, cost control, variance analysis, and financial reporting.
• Experience using Microsoft Office applications, including Excel for financial analysis, forecasting, variance analysis, data tracking, and reporting; Word for financial documentation and reports; and PowerPoint for financial presentations, charts, graphs, and program performance reporting.
• U.S. Citizen - U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract.

Responsibilities

• Support program startup and implementation activities, including contract modification processing, project setup, and NWA management.
• Prepare weekly and monthly financial reports, including LRE development, internal and external Earned Value (EV) reporting, and financial variance analysis.
• Perform cost and schedule control analysis in accordance with applicable EVMS requirements.
• Prepare and analyze quarterly Estimates-at-Completion (EAC), including cost analysis, risks, and opportunities.
• Prepare and support Budget Change Request (BCR) and Statement of Work Authorization (SWA) processes.
• Prepare invoices and supporting invoice documentation.
• Perform financial analysis and program controls activities in support of EAS programs.
• Coordinate financial activities with Program Management and functional stakeholders.
• Support financial reporting and program reviews.

Skills

Financial analysis

Forecasting

Cost control

Variance analysis

Financial reporting

Education

Bachelor’s degree in Finance/Accounting/Business Administration

Advanced degree in related field

Tools

Excel

Word

PowerPoint

APEX

BW

RPLAN

Job description

Location: US-TX-MCKINNEY-513WB ~ 2501 W University Dr ~ WING B BLDG

Date Posted: 2026-08-31

Country: United States of America

Location: US-TX-MCKINNEY-513WB ~ 2501 W University Dr ~ WING B 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 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 Electronic Attack Systems (EAS) Finance team is seeking a Program Cost Control Specialist to support Sustainment Programs within the Next Generation Jammer (NGJ) portfolio. The EAS portfolio is part of the Naval Power Business Unit.

The position will support program financial activities, including weekly and monthly reporting, program startup activities, Estimate-at-Completion (EAC), Latest Revised Estimate (LRE), financial forecasting, invoicing, funding analysis, and program financial reviews.

What You Will Do

• Support program startup and implementation activities, including contract modification processing, project setup, and NWA management.
• Prepare weekly and monthly financial reports, including LRE development, internal and external Earned Value (EV) reporting, and financial variance analysis.
• Perform cost and schedule control analysis in accordance with applicable EVMS requirements.
• Prepare and analyze quarterly Estimates-at-Completion (EAC), including cost analysis, risks, and opportunities.
• Prepare and support Budget Change Request (BCR) and Statement of Work Authorization (SWA) processes.
• Prepare invoices and supporting invoice documentation.
• Perform financial analysis and program controls activities in support of EAS programs.
• Coordinate financial activities with Program Management and functional stakeholders.
• Support financial reporting and program reviews.

Qualifications You Must Have

• Typically requires a Bachelor’s degree in Finance, Accounting, Business Administration, or a related field and a minimum of 5 years of relevant experience; or an advanced degree in a related field and a minimum of 3 years of relevant experience
• Experience performing program financial analysis, forecasting, cost control, variance analysis, and financial reporting.
• Experience using Microsoft Office applications, including Excel for financial analysis, forecasting, variance analysis, data tracking, and reporting; Word for financial documentation and reports; and PowerPoint for financial presentations, charts, graphs, and program performance reporting.
• U.S. Citizen - U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract.

Qualifications We Prefer

• Experience using Raytheon financial tools and systems, including APEX, BW, or RPLAN.
• Experience with Earned Value Management Systems (EVMS).
• Experience with Estimate-at-Completion (EAC) and Latest Revised Estimate (LRE) processes.
• Experience with financial forecasting and variance analysis.
• Experience with Budget Change Requests (BCRs) or Statement of Work Authorization (SWA) processes.
• Experience managing multiple financial reporting activities with established deadlines.
• Experience supporting process improvement activities.

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.

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.