Sr. Project Manager - Cost out Procurement

Rolls-Royce; Mankato (MN); On-site; USD 84,351 - 137,071; Full time

Benefits offered by this job

401(k) retirement savings plan

Health, dental, and vision insurance

Paid Time Off

Tuition reimbursement

Long-term incentive plan

Job summary

Rolls-Royce seeks a Sr. Project Manager for Cost Out Procurement in Mankato, MN. This role involves managing global and regional cost-reduction projects, analyzing market and supplier data, and collaborating internationally.

The ideal candidate will have a bachelor’s degree in a relevant field and over 5 years of experience in procurement or project management. Benefits include a comprehensive rewards package, flexible work options, and opportunities for career growth.

Qualifications

• 5+ years of experience in Procurement, Cost‑Out Management, or technical project management.
• Strong technical understanding of manufacturing processes and cost structures.
• Willingness to travel internationally.

Responsibilities

• Plan, lead, and monitor cost-out projects.
• Conduct market analyses and benchmarks.
• Analyze product specifications and material costs.

Skills

Project management

Cost analysis

Supplier negotiation

Analytical skills

International collaboration

Education

Bachelor’s degree in industrial engineering

Bachelor’s degree in Mechanical Engineering

Bachelor’s degree in Business Administration

Bachelor’s degree in Supply Chain Management

Tools

Should-Cost analysis

TCO models

Job description

Sr. Project Manager – Cost Out Procurement

The Project Manager Cost Out Procurement is responsible for planning, steering, and implementing global and regional cost‑out projects within Procurement. The objective of this role is the systematic identification, analysis, and realization of sustainable cost‑reduction potential across the entire supply chain. Through in‑depth market analyses, technical product evaluations, supplier base optimization, and effective negotiations, the position holder makes a significant contribution to the company’s profitability and competitiveness.

Key Accountabilities

Project Management for Cost‑Out Initiatives

• Planning, leading, and monitoring cost‑out projects.
• Developing project plans, milestones, resource requirements, and savings targets.
• Managing cross‑functional teams (Engineering, Quality, Logistics, Finance, Production).
• Ensuring on‑time execution, reporting, and risk management.

Market and Supplier Analysis

• Identifying new global procurement markets with significant savings potential.
• Conducting detailed market analyses, benchmarks, and comparative cost calculations.
• Applying international Best‑Cost‑Country sourcing strategies.
• Evaluating and selecting suitable suppliers based on price, quality, delivery performance, and sustainability.

Technical Expertise & Cost Analysis

• Analyzing product specifications, manufacturing technologies, and material costs.
• Preparing Should‑Cost analyses and TCO models.
• Identifying technical optimization and Design‑to‑Cost opportunities in collaboration with Engineering.

Process Optimization & Continuous Improvement

• Supporting the analysis and improvement of procurement processes to increase efficiency and cost transparency.
• Defining and implementing standards for cost‑out methodology, reporting, and KPIs.

International Collaboration

• Close cooperation with global procurement organizations, technical teams, and international plants.
• Managing global cost‑out programs across multiple regions.
• Sharing best practices and scaling successful initiatives to additional sites.

Basic Requirements

• Applicants must be authorized to work for any employer in the U.S without sponsorship. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
• Bachelor’s degree in industrial engineering, Mechanical Engineering, Business Administration, Supply Chain Management, or a related field plus 5 years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management, or 9 years of experience in the same fields.
• Several years of experience in Procurement, Cost‑Out Management, Value Engineering, or technical project management.
• Willingness to travel internationally.

Preferred Qualifications

• Manufacturing and Power generation experience preferred.
• Strong technical understanding of manufacturing processes, materials, and product‑related cost structures.
• Excellent analytical skills, including Should‑Cost analysis, cost modeling, TCO assessments, and data analysis.
• Experience in international project management and cross‑functional collaboration.
• Strong negotiation skills and confident communication with suppliers and internal stakeholders.
• Structured, proactive working style with high autonomy and solution orientation.
• Very good English and German language skills.
• High level of initiative and a proactive mindset.

EEO Statement

Rolls‑Royce is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any protected characteristics.

At Rolls‑Royce, we are committed to creating a workplace where all employees feel respected, supported, and empowered to do their best work. We foster a welcoming and innovative work environment that invests in you, giving you access to an incredible breadth and depth of opportunities where you can grow your career and make a difference.

Benefits

Rolls‑Royce provides a comprehensive and competitive Total Rewards package that includes base pay and a discretionary bonus plan. Eligible employees may have the opportunity to enroll in other benefits, including health, dental, vision, disability, life and accidental death & dismemberment insurance; a flexible spending account; a health savings account; a 401(k) retirement savings plan with a company match; Employee Assistance Program; Paid Time Off; certain paid holidays; paid parental and family care leave; tuition reimbursement; and a long‑term incentive plan. The options available to an employee may vary depending on eligibility factors such as date of hire, and employment type.

Location: Mankato, MN

Pay Range: $84,351 - $137,071 annually

Job Posting Date: 08 Jun 2026; 00:06