Technical Cost Reduction Specialist (Hybrid)

Raytheon Technologies • Windsor Locks, CT

80d • $82,000 - $164,000 • Hybrid

About The Position

Joining Collins Aerospace isn't just about finding a job; it's about embarking on a journey to redefine the future of aerospace technology. The Supplier Designed Equipment (SDE) team is looking for a Technical Cost Reduction Specialist. This position, in alignment with business strategy, develops and executes opportunities to enhance product profitability and ensure financial goals are met by working with the supply base to identify ways to reduce cost in hardware supplied by the supply base. The Cost Reduction Specialist guides program performance including project execution, financial goals, risk management, schedules, and additional contractual commitments. The Cost Reduction Specialist advises senior management and customers of the status of business objectives through briefing packages, financial and program reviews. They collaborate with leaders from the Value Stream, Operations, Supply Chain and Engineering to foster a culture of Cost reduction idea generation and change. This is a hybrid role located in Windsor Locks, CT. Candidates must be a commutable distance from the site. Ratio of time working onsite will be determined in partnership with your leader.

Requirements

• Typically requires a degree in Science, Technology, Engineering or Mathematics (STEM) unless prohibited by local laws/regulations and minimum 5 years prior relevant experience or an Advanced Degree in a related field and minimum 3 years of experience.

Nice To Haves

• Experience navigating competing priorities, delivering the highest level of engagement, and delivering successful outcomes in critical situations.
• Earned Value Management experience.
• Experience developing strategies and business cases.
• Engineering and/or business background.

Responsibilities

• Collaborate with leaders from Engineering, Value Stream, Operations, Supply Chain and Finance to define program financial objectives and product cost targets.
• Work closely with the Engineering Functional Leads to develop strategies, business cases and program plans including schedule and funding requirements.
• Lead teams through project execution to realize opportunities, resolve roadblocks, identify risks and establish mitigation plans.
• Manage Cost reduction projects and schedule execution through Earned Value Reviews.
• Organize and support program reviews, team meetings and various other regular business reviews.
• Develop and communicate cost status reports for products and programs, ensure accuracy in annual cost standards.
• Target maximum product profitability and ensure financial goals are met.
• Inspire and support idea generation and questioning the status quo.

Benefits

• Medical, dental, and vision insurance.
• Three weeks of vacation for newly hired employees.
• Generous 401(k) plan that includes employer matching funds and separate employer retirement contribution, including a Lifetime Income Strategy option.
• Tuition reimbursement program.
• Student Loan Repayment Program.
• Life insurance and disability coverage.
• Optional coverages you can buy: pet insurance, home and auto insurance, additional life and accident insurance, critical illness insurance, group legal, ID theft protection.
• Birth, adoption, parental leave benefits.
• Ovia Health, fertility, and family planning.
• Adoption Assistance.
• Autism Benefit.
• Employee Assistance Plan, including up to 10 free counseling sessions.
• Healthy You Incentives, wellness rewards program.
• Doctor on Demand, virtual doctor visits.
• Bright Horizons, child and elder care services.
• Teladoc Medical Experts, second opinion program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Transportation Equipment Manufacturing
• Education Level: Bachelor's degree