About the Role
As the Cost Policy Officer – Trent XWB, you will work on defining a robust cost strategy roadmap and policies, baseline cost assumptions for both existing and future business as well as evaluating the business impact of cost reduction proposals. These underpin the profitability of the Trent XWB so have a direct impact on our business performance. With over 600 aircraft in service and a growing orderbook of aircraft, the Trent XWB Value Stream covers the full breadth of activity of those engines in service and provides a unique opportunity to develop business breadth across the lifecycle of an engine. The aim of the Life‑Cycle Cost Officer role is to support the optimisation of the cost of operation of an engine throughout its life cycle. The majority of operators on the Trent XWB programmes will be under Total Care service agreements (the target is >90%). It is therefore essential that the cost base is managed to ensure that the cost of these service agreements is minimised throughout the term of the contracts, whilst maintaining Product Safety, Reliability & Customer Satisfaction.
Key Accountabilities
* Engineering and Service Experience.
* Highly analytical and able to interpret data and complete data modelling using MS Excels and Power Bi.
* Understand key accounting principles such as revenue, cash and profits.
* Strong Analytical, interpersonal, presentation, negotiation and project management skills.
* Generation of cost base for financial reporting – Time on wing, Shop Cost and Services cost.
* LCC reduction identification and achievement.
* CORB (Cost of Ownership Review Board) leadership and approval.
* Ownership of EMP (Engine Management Programme) & Mod. Embodiment Policy.
* Ownership of Fit New vs. Repair Policy & Repair Development Plan.
* Product Change Management (Product Change Board, Product Team Meeting, Project Zero).
Qualifications
Candidates should have a proven track record in delivering results in challenging environments and clear capability of influencing across functions as well as possessing keen analytical skills.
* Educated to degree level or equivalent in a numerate or business discipline or will have business, finance or engineering experience.
* Innovative thinking and a drive to solve problems and take accountability.
* Financial management, commercial acumen and decision‑making skills, comfortable dealing with ambiguity.
* Highly analytical and able to interpret data and complete data modelling using Microsoft Excel.
* Able to communicate effectively and work collaboratively across diverse and global teams.
* Aerospace industry knowledge is advantageous but not essential.
Why Rolls‑Royce?
Work with us and we’ll welcome you into a culture of caring and belonging where you can be yourself. We will listen first, embrace feedback and act with integrity. We will invest in your continuous learning and development, and make sure you have access to a wide breadth and depth of opportunities to grow your career and make a difference.
Benefits
We offer excellent development, a competitive salary and exceptional benefits. These include bonus, employee support assistance and employee discounts.
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