Principal Should Cost Engineer (Remote)
About The Position
The Principal Should Cost Engineer will help design, build, and operationalize a should-cost capability that provides cost transparency to RTX sourcing teams for supplier negotiations across RTX products and commodities. The role leads cost modeling and benchmarking for complex assemblies and parts, using aPriori, internally developed regression models, and other models as they are developed. It translates engineering drawings and models into costed elements, including material, labor, overhead, tooling, and logistics, and develops cost rollups, cost drivers, assumptions, and logic to support negotiations. The engineer also uses historical data to create forward-looking models where should-cost software is unavailable, validates and calibrates models, trains users, and contributes to improvements in standard work. Occasional travel with Supply Chain managers may be required, but is expected to be minimal.
Requirements
- Typically, a STEM degree and at least 8 years of relevant experience; or an advanced degree in a related field and at least 5 years of experience; or, in the absence of a degree, 12 years of relevant experience.
- Experience with should costing or designing to cost.
- Experience reading and interpreting engineering drawings.
- Experience with SAP or another ERP system.
Nice To Haves
- Programming experience with VB, SQL, or Python.
- Experience in aerospace or defense procurement or engineering.
- Experience with big data sets or data analytics.
Responsibilities
- Lead cost modeling and benchmarking activities spanning complex assemblies and parts.
- Perform should-cost modeling for components and assemblies, translating engineering drawings and models into costed elements such as material, labor, overhead, tooling, and logistics.
- Develop and maintain cost rollups and cost 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-cost software is unavailable.
- Validate and calibrate models at appropriate intervals.
- Train new users of software or models and help contribute to upgrades of standard work.
- Conduct should-cost assessments on parts using aPriori.
- Use aPriori, internally developed regression models, and models as they are developed.
- Travel occasionally with Supply Chain managers, as needed.
Benefits
- Compensation
- Healthcare benefits
- Wellness benefits
- Retirement benefits
- Work/life benefits
- Career development and recognition programs
- Parental leave, including paternal leave
- Flexible work schedules
- Achievement awards
- Educational assistance
- Child/adult backup care
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Short-term disability
- Long-term disability
- 401(k) match
- Flexible spending accounts
- Employee assistance program
- Employee Scholar Program
- Paid time off
- Holidays
- Annual short-term and/or long-term incentive compensation programs may be available, depending on position level and collective-bargaining coverage.
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What This Job Offers
Job Type
Full-time
Career Level
Principal
