Job Description Product Cost Manager – Trent 700/Trent 900 Derby ( Hybrid - min 3 days on site) Full Time Why join Rolls-Royce ? At Rolls-Royce we are proud to be a business that has truly helped to shape the modern world and are committed to always being a force for progress; powering, protecting and connecting people everywhere. By joining Rolls-Royce, you'll have the opportunity to work on world-class solutions, supported by a culture that believes individuality is our greatest strength, and all perspectives, experiences and backgrounds help us innovate and enable our high-performance culture. Rolls-Royce is seeking a Product Cost Manager to join the Trent Fleet & Mature Engines value stream, supporting the Trent 700 and Trent 900 programmes. This role is responsible for defining and delivering the product cost strategy across the engine lifecycle, ensuring cost competitiveness while enabling sustainable margin growth. Working across Engineering, Manufacturing Operations and Procurement, the Product Cost Manager will lead cost optimisation initiatives, drive cost transparency across the value stream, and ensure robust cost governance across key business processes. This role plays a critical part in ensuring the commercial success and long-term profitability of the Trent installed fleet. What you will be doing: As Product Cost Manager, you will lead product cost strategy and performance across the Trent 700 and Trent 900 value streams. Product Cost Strategy Define and deliver the product cost strategy across the Trent 700 and Trent 900 lifecycle, ensuring cost competitiveness and unit cost and margin improvement. Identify and drive cost improvement opportunities across revenue and cost levers within the value stream. Benchmark product costs to ensure best-in-class cost performance. Cost Governance & Business Planning Own product cost inputs into key business processes including: Business Plans. Contract Review Packs. 5 Year Plan. Product Introduction & Lifecycle Management (PILM). Ensure product cost is fully embedded in strategic decision-making and investment planning. Cross-Functional Cost Optimisation Partner with Engineering, Manufacturing Operations and Procurement teams to identify and deliver cost reduction initiatives. Influence product design and operational decisions to drive cost-effective solutions across the engine lifecycle. Value Stream Performance Deliver engine margin improvement across the value stream, balancing cost and revenue drivers. Translate operational performance into clear financial outcomes and cost drivers. Drive a culture of cost awareness and cost-informed decision making across the organisation. Governance & Reporting Establish robust governance and reporting frameworks to monitor cost performance and ensure delivery of commitments. Provide clear visibility of cost performance, risks and opportunities to senior leadership. Preferred requirements: We are looking for someone commercially minded, with strong analytical capability and the ability to influence across complex cross-functional teams. Experience in business strategy, finance, cost management or commercial roles within complex engineering or industrial environments. Experience working across cross-functional teams including engineering, operations and procurement. Understanding of product lifecycle economics, ideally within aerospace, manufacturing or engineering-led industries. Experience contributing to business planning, financial modelling or cost strategy development. Strong commercial and financial acumen. Excellent analytical and problem-solving capability. Ability to influence and challenge across senior stakeholders and cross-functional teams. Strong communication and stakeholder engagement skills. Ability to translate complex operational data into clear financial insights. What we offer: We offer excellent development opportunities, a competitive salary, and exceptional benefits. These include bonus, employee support assistance and employee discounts. Our vision is to ensure that the excellence and ingenuity that shaped our history continues into our future. Our multi-year transformation programme aims to turn Rolls-Royce into a high-performing, competitive, resilient and growing company. Join us, and it can be your future vision too. Rolls-Royce are committed to being a respectful, inclusive, and non-discriminatory workplace where individuality is valued, diverse perspectives fuel innovation, and everyone can thrive. Closing date : 2 7 th March 2026 As part of our selection process, candidates in certain locations may be asked to complete an online assessment, which can include cognitive and behavioural aptitude testing relevant to the role. If required, full instructions for the next steps will be provided. Job Category Service Management Posting Date 16 Mar 2026; 00:03 Posting End Date 27 Mar 2026