Principal Should Cost Engineer

This is a fully remote position, open to applicants in New York.

📋 Description

• Develop, implement, and operationalize a should-cost capability to enhance sourcing team negotiations across RTX products and commodities.

• Spearhead cost modeling and benchmarking efforts for intricate assemblies and components.

• Utilize aPriori, custom regression models, and upcoming modeling techniques.

• Conduct should-cost modeling for both components and assemblies.

• Convert engineering drawings and models into costed elements for materials, labor, overhead, tooling, and logistics.

• Create and sustain cost roll-ups and identify cost drivers at suitable levels of detail.

• Formulate assumptions and logic for cost drivers.

• Leverage historical data to develop predictive models in scenarios where should-cost software is not accessible.

• Validate and adjust models at regular intervals.

• Provide training for new software or model users and assist in updating standard procedures.

• Execute should-cost evaluations on components using aPriori.

• Occasionally travel alongside Supply Chain managers.

⛳️ Requirements

• Bachelor's degree in Science, Technology, Engineering, or Mathematics (STEM) with a minimum of 8 years of relevant experience, or an advanced degree in a related field with at least 5 years of experience, or 12 years of relevant professional experience in the absence of a degree.

• Proven experience in should costing or cost design.

• Proficient in reading and interpreting engineering drawings.

• Familiarity with SAP or another ERP system.

• Programming skills in VB, SQL, or Python are preferred.

• Experience in aerospace/defense procurement or engineering is preferred.

• Background in big data sets or data analytics is preferred.

• U.S. citizenship is mandatory; only U.S. citizens are permitted to access information under this program/contract.

• No security clearance is necessary.

🏝️ Benefits

• Healthcare, wellness, retirement, and work/life benefits.

• Parental (including paternal) leave.

• Flexible work schedules.

• Achievement awards.

• Educational assistance.

• Child/adult backup care.

• Medical, dental, and vision insurance.

• Life insurance.

• Short-term disability.

• Long-term disability.

• 401(k) matching.

• Flexible spending accounts.

• Employee assistance program.

• Employee Scholar Program.

• Paid time off.

• Holidays.

• Annual short-term and/or long-term incentive compensation programs, contingent on eligibility and performance.

• Minimal occasional travel.