RTX

Associate Director, Product Cost Management

RTX

full-time

Posted on:

Location Type: Remote

Location: Connecticut • United States

Visit company website

Explore more

✨ AI Apply
Apply

Salary

💰 $157,200 - $298,800 per year

Job Level

Senior

About the role

  • Analyze and forecast product cost performance across programs and commodities, identifying emerging risks and untapped opportunities
  • Develop and maintain cost performance dashboards and reporting mechanisms that provide visibility to key stakeholders
  • Conduct deep-dive cost analysis to support informed decision-making at executive and operational levels
  • Track and measure the impact of cost reduction initiatives and strategic sourcing activities including long-term agreement management
  • Identify and evaluate cost reduction opportunities across Value Analysis & Value Engineering (VAVE), Work Transfer, and Claims & Assertions initiatives
  • Responsible for operational and cross-functional governance of assigned workstreams, including facilitating tiered escalation reviews
  • Collaborate with engineering, supply chain, procurement, and finance teams to drive cost reduction ideation and establish prioritization frameworks
  • Assess feasibility, risk, and financial impact of proposed cost initiatives
  • Support the development of business cases and implementation roadmaps for priority cost reduction opportunities
  • Drive the CORE (Cost Optimization & Reduction Excellence) engagement roadmap, serving as primary coordinator and project manager for this strategic initiative
  • Establish clear milestones, deliverables, and success metrics for CORE initiatives
  • Facilitate cross-functional collaboration and maintain momentum across CORE workstreams
  • Provide regular updates and progress reporting to leadership on CORE roadmap execution
  • Provide actionable insights and data-driven recommendations to leadership on cost-related matters and strategic opportunities
  • Prepare analysis, summaries, and presentation materials that translate complex cost data into clear business impact narratives
  • Partner cross-functionally on should cost opportunities to aid in negotiations, business case completion, or cost reduction initiatives
  • Identify emerging cost trends, systemic issues, and process improvement opportunities
  • Support executive decision-making with timely, accurate, and relevant cost intelligence
  • Support the implementation of process maturity improvements designed to enhance cost visibility and control
  • Evaluate current cost management tools, processes, and governance structures; identify gaps and improvement opportunities
  • Partner with process owners and business units to pilot and scale process improvements
  • Develop training and communication materials to support adoption of enhanced processes and tools
  • Monitor and report on the effectiveness of process improvements through relevant KPIs

Requirements

  • Typically requires a University Degree and minimum 12 years prior relevant experience or an Advanced Degree in a related field and minimum 10 years of experience
  • 7+ years experience in cost analysis, financial analysis, supply chain, or operations
  • Experience collaborating across functional teams (engineering, supply chain, finance, procurement)
  • Must be willing and able to communicate with all levels of the organization
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
  • And more!
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
cost analysisfinancial analysiscost performance dashboardscost reduction initiativesValue AnalysisValue Engineeringprocess improvementdata-driven recommendationsKPI monitoringbusiness case development
Soft Skills
collaborationcommunicationproject managementfacilitationleadershipstrategic thinkingproblem-solvingcross-functional governancestakeholder engagementtraining development