Senior Principal Should-Cost Engineer (Remote)

RTX; United States; Remote; USD 150,000 - 190,000; Full time

Benefits offered by this job

Healthcare

Retirement benefits

Flexible schedules

Educational assistance

Parental leave

Career development

Job summary

RTX, a leading aerospace and defense company, seeks a Senior Principal Should Cost Engineer to design, build and operationalize a should-cost capability that drives cost transparency to our sourcing team for supplier negotiations across multiple components, aircrafts and defense products and subsystems.

This role will lead cost modeling and benchmarking activities spanning complex assemblies, parts, utilizing aPriori and regression models, plus homegrown models. Minimal travel is expected.

Qualifications

• Typically requires a degree in Science, Technology, Engineering or Mathematics (STEM) and minimum 10 years prior relevant experience or an Advanced Degree in a related field and minimum 7 years of experience or in absence of a degree, 14 years of relevant experience.
• Experience with Geometric Dimensioning and Tolerancing for engineering drawings reading and interpretation.
• Costing or design to cost experience.
• Experience with should cost tools.

Responsibilities

• Lead cost modeling and benchmarking activities spanning complex assemblies, parts. This role will utilize aPriori significantly as well as home grown regression models and still to be developed models.
• Should costing and should cost modeling for all commodities including standing up a supplier designed equipment, electronics, composite and other more difficult should costing commodities.
• Should costing components and assemblies, translating engineering drawings and models into costed elements (material, labor, OH, tooling, logistics).
• Develop and maintain cost roll ups and drivers at appropriate levels of granularity to support negotiations.
• Create assumptions and cost driver logic.
• Use historical data to create forward looking models when should costing software is not available.
• Validate and calibrate models at appropriate intervals.
• Train new users of software or models and help/contribute to upgrading standard work.
• Conduction should cost assessments on parts with software called aPriori.
• Potential travel with Supply Chain managers occasionally, however, minimal.

Skills

Cost modeling

Regression modeling

Geometric Dimensioning and Tolerancing

Programming (VB, SQL, Python)

Should cost experience

Education

Bachelor's degree in STEM

Advanced degree in related field

Tools

aPriori

Job description

RTX, a leading aerospace and defense company, seeks a Senior Principal Should Cost Engineer to design, build and operationalize a should-cost capability that drives cost transparency to our sourcing team for supplier negotiations across multiple components, aircrafts and defense products and subsystems.

This role will lead cost modeling and benchmarking activities spanning complex assemblies, parts, utilizing aPriori and regression models, plus homegrown models. Minimal travel is expected.