Senior Financial Analyst - Program Cost Controls

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

Benefits offered by this job

Parental leave

Flexible work schedules

Educational assistance

Employee benefits

Job summary

Raytheon in McKinney, TX, is seeking a Senior Financial Analyst to support Terrain Follow Radars (TFR) portfolio within Advanced Products & Solutions / RF Solutions. The role partners with IPT leads and program managers on cost reporting, forecasting, and EAC development.

The position emphasizes cost analysis, variance reporting, and preparation of quarterly EACs, with opportunities to influence proposals and financial planning. U.S. citizenship is required for access to systems.

Qualifications

• Typically requires a Bachelor's degree in Finance, Accounting, Economics, Mathematics, or a related field and a minimum of 2 years of work experience; or an Advanced Degree in a related field
• Experience using Microsoft Office applications, with an emphasis on Microsoft Excel for financial analysis, reporting, forecasting, and data management
• U.S. Citizen - U.S. citizenship is required, as only U.S. citizens are authorized to access certain necessary systems or sites.

Responsibilities

• Support the preparation of quarterly Estimates at Completion (EACs), including program costs, risks, and opportunities at the Program and Mission Area levels
• Perform financial analysis of total program and Mission Area cost elements
• Analyze monthly variances between the budget baseline and Estimate at Completion (EAC) positions
• Prepare program financial forecasts and monitor actual costs
• Analyze and report variances between actual costs, plans, and forecasts
• Support the preparation of cost estimates for new business proposals
• Assist Estimating and Program Analysts with developing the basis and rationale for cost estimates
• Coordinate with functional organizations during the EAC development process
• Monitor functional organization performance against established plans and financial requirements
• Prepare and maintain program financial reports and supporting analysis

Skills

Microsoft Excel

Financial analysis

Budgeting

Education

Bachelor's degree in Finance/Accounting/Economics/Mathematics

Advanced degree in related field

Tools

EVMS

APEX

PRISM

SAP R/3

RPlan

Job description

Location: US-TX-MCKINNEY-513PW ~ 2501 W University Dr ~ PW BLDG

Date Posted: 2026-10-06

Country: United States of America

Location: US-TX-MCKINNEY-513PW ~ 2501 W University Dr ~ PW BLDG

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 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.

Advanced Products & Solutions (APS) / Radio Frequency Solutions (RFS), a product line within Raytheon Finance, is seeking a Senior Financial Analyst to support the Terrain Follow Radars (TFR) portfolio.

The Senior Financial Analyst will work with Program Business Managers, Integrated Product Team (IPT) Leads, and Program Managers on program financial management activities. Responsibilities include program cost reporting, financial analysis, financial forecasting, and Estimate at Completion (EAC) development.

The position involves generating internal cost reports, monitoring and analyzing cost data, using financial planning systems, and compiling quarterly Estimate at Completion (EAC) forecasts for program and finance management.

What You Will Do

• Support the preparation of quarterly Estimates at Completion (EACs), including program costs, risks, and opportunities at the Program and Mission Area levels.


• Perform financial analysis of total program and Mission Area cost elements.


• Analyze monthly variances between the budget baseline and Estimate at Completion (EAC) positions.


• Prepare program financial forecasts and monitor actual costs.


• Analyze and report variances between actual costs, plans, and forecasts.


• Support the preparation of cost estimates for new business proposals.


• Assist Estimating and Program Analysts with developing the basis and rationale for cost estimates.


• Coordinate with functional organizations during the EAC development process.


• Monitor functional organization performance against established plans and financial requirements.


• Prepare and maintain program financial reports and supporting analysis.

Qualifications You Must Have

• Typically requires a Bachelor's degree in Finance, Accounting, Economics, Mathematics, or a related field and a minimum of 2 years of work experience; or an Advanced Degree in a related field


• Experience using Microsoft Office applications, with an emphasis on Microsoft Excel for financial analysis, reporting, forecasting, and data management.


• U.S. Citizen - U.S. citizenship is required, as only U.S. citizens are authorized to access certain necessary systems or sites.

Qualifications We Prefer

• Experience with contractual Earned Value Management System (EVMS) reporting.


• Experience using APEX and PRISM EVMS systems.


• Experience using SAP R/3 business systems, including APEX, PRISM, and Business Warehouse.


• Experience with financial planning systems, including RPlan.


• Experience with defense contracting finance.


• Knowledge of accounting standards and practices.


• Experience analyzing financial data, cost variances, forecasts, and program financial performance.


• Experience preparing Estimates at Completion (EACs) and financial forecasts.


• Experience meeting established deadlines and developing or implementing process improvements.


• Experience communicating financial information in written and verbal formats.


• Experience working with finance, program management, estimating, and functional organizations.

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 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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