Job Description Product Cost Manager (Trent XWB Value Stream) Full Time Derby / Hybrid - 3 days on-site What you will be doing: An exciting opportunity has arisen for an enthusiastic, self-motivated leader to join the Trent XWB Commercial Aviation Value Stream team as Product Cost Manager. With over 600 aircraft in service and a growing orderbook of 1300 aircraft, the Trent XWB Value Stream covers the full breadth of activity for both engines in service and in development and provides a unique opportunity to develop business breadth across the lifecycle of an engine. The Trent XWB family of engines play a pivotal role in delivering Rolls-Royce’s financial commitments and help fund our future. This position, reporting to the Senior Vice President - Contract Management, will be the Value Stream lead for all activity related to the delivery of product cost commitments. It forms the primary interface for the Value Stream with the Civil Manufacturing Operations and Procurement teams ensuring Product Cost for both existing and future variants of the Trent XWB engine is optimised to deliver margin growth on new engine deliveries and aftermarket part sales. The Trent XWB engine portfolio delivers a significant portion of Civil Aerospace engine and aftermarket profit and successful management of Product Cost is critical to ensure strategic initiatives and committed business returns are delivered. Responsibilities: You'll be responsible for defining the Product Cost strategy for in service and New Product Introduction (NPI) engines including benchmarking to ensure best in class. Deliver Value Stream engine margin improvement strategic workstream covering both Revenue and Cost levers. Own Product cost inputs to all major business processes and reviews including Business Plan, Contract Review Packs and Product Introduction and Lifecycle Management (PILM). Work in conjunction with the Manufacturing Operations and Procurement teams to identify, influence and drive major cost strategies and specific initiatives to deliver committed targets. Ensure robust and integrated governance and reporting framework exists to drive engagement and execution of commitments. Drive a cost focused culture in a product management processes to ensure cost informed decision-making and understanding of financial implications of business activities. For NPI programmes, determine the cost commitments for the business plan and the roadmap to achieve them. 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. We offer excellent development, a competitive salary and exceptional benefits. These include bonus, employee support assistance and employee discounts. Hybrid working is a way in which our people can balance their time between the office, home or another remote location. It’s a locally managed and flexed informal discretionary arrangement. As a minimum we’re all expected to attend the workplace for collaboration and other specific reasons, frequency will depend on business needs, nature of role, what works for the team and for the individual. Discover more on our GBS Service Portal about hybrid working. Who we’re looking for: Being a part of Rolls-Royce you’ll know we put safety first, do the right thing, keep it simple and make a difference. These principles form our behaviours. They are an essential component of our assessment process and are fundamental qualities that we seek for all roles. Business strategy, finance, or cost/commercial experience. A r easonable level of product knowledge would be beneficial. Good business acumen combined with an ability to think creatively and challenge the status quo. Personal drive and motivation to tackle tough business challenges through excellent collaboration, teamwork and innovative problem-solving skills. Ability to communicate succinctly & influence senior stakeholder groups. Degree qualified or relevant experience desirable. Join us & help Rolls-Royce to become a high-performing, competitive, resilient business Please be aware that the priority will be given to employees identified as being at high risk. It is advised that you inform your current manager of your application for this role. We are an equal opportunities employer. We’re committed to developing a diverse workforce and an inclusive working environment. We believe that people from different backgrounds and cultures give us different perspectives. And the more perspectives we have, the more successful we’ll be. By building a culture of respect and appreciation, we give everyone who works here the opportunity to realise their full potential. Learn more about our global Inclusion Strategy Grade: Management Level C For further information please contact: Robert Stevenson Recruiter: Cathryn Thomas Job Category Services Fleet/Contract Management Posting Date 23 Oct 2024; 00:10 Posting End Date 03 Nov 2024