At a Glance
- Tasks: Define cost strategies and evaluate proposals to enhance profitability.
- Company: Join Rolls-Royce, a leader in innovative engineering solutions.
- Benefits: Generous leave, retirement savings, share ownership, and employee assistance programmes.
- Other info: Inclusive workplace valuing diverse perspectives and offering excellent career growth.
- Why this job: Make a real impact on the future of aviation with cutting-edge technology.
- Qualifications: Strong analytical skills and experience in delivering results in challenging environments.
The predicted salary is between 45000 - 55000 £ per year.
Job Description Service Cost Officer – Policy Full time Derby We have an exciting opportunity an enthusiastic, self-motivated leader to join the Trent XWB team as a Services Cost Officer – Policy.
With over 700 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.
Reporting to the Cost Managers 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 Trent XWB so they have a direct impact on our business performance.
What you will be doing
- Supporting and helping to define the Cost strategy consistent with delivery of improved contract returns, business plan requirements and margin improvement objectives.
- Support all areas of service cost, including forecasting of service cost, risk provisioning, and understanding the cost benefit from delivering repairs, limits and life extensions for the overhaul of engines.
- The role will also work closely with Services Business and Service Delivery to ensure consistency across Services.
- Drive activities that feed into the Product Attributes Document (or equivalent), ensuring the inputs are robust, with clear action plans to reach the committed attributes where required.
- Generation of a cost base for both engine types for financial reporting, which will include shop cost, services cost and time on wing inputs that feed into the Contract Review Pack process.
- Support the Technical Risk Provision process which financially provisions for new and emerging risks outside of the Contract Review Packs.
- Lead the delivery of service cost reduction initiatives for both Shop Visit Cost and Non-Shop Visit related cost.
Once such initiatives are committed, ensure delivery of these commitments are in line with business expectations of both value and timing.
Preferred requirements
- 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.
- Highly analytical and able to interpret data and complete data modelling using Excel.
- Understand key accounting principles (revenue, cash and profit).
- Service delivery, product and customer knowledge.
- Able to work under his/her own initiative.
- Strong analytical, interpersonal, presentation, negotiation and project management skills.
- Able to work efficiently and effectively as part of a functional and cross functional team.
Why 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.
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.
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.
Regional Benefits
- Generous Annual Leave.
- Retirement Savings through the Rolls-Royce Retirement Savings Trust.
- Group Life Assurance provides for a lump sum benefit if you die whilst employed by Rolls-Royce & Group Income Protection provides an income in the event that you are unable to work due to illness or injury.
- Your Shares: Matched is a simple way to own Rolls-Royce shares and invest in our future, together.
• Buy one share, get one free!
- Employee Assistance (EAP) and Live Well programmes.
Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to our planet’s vital power needs.
#J-18808-Ljbffr
Service Cost Officer – Policy employer: Rolls-Royce plc
Rolls-Royce plc is an exceptional employer, offering a dynamic work environment where innovation and excellence are at the forefront. With a strong commitment to employee development, you will have access to extensive training opportunities and the chance to work on cutting-edge technology in the power generation sector. The supportive culture and focus on work-life balance make this role not only rewarding but also a great place to grow your career while travelling across the UK.
StudySmarter Expert Advice🤫
We think this is how you could land Service Cost Officer – Policy
✨Join Aerospace Forums and Groups
Get involved in aerospace engineering forums and online communities, like the AIAA (American Institute of Aeronautics and Astronautics). It's a great way to meet industry peers and stay updated on job openings and trends in the field.
✨Attend Industry Conferences
Keep an eye on upcoming aerospace conferences and events where you can network with professionals and showcase your interest. Events like the Farnborough International Airshow are not just about flying machines; they're a goldmine for connections and potential job leads.
✨Spotlight Your Projects
Make sure to highlight any hands-on experience or projects on your portfolio that showcase your skills in aerospace engineering. Employers love seeing practical applications of theoretical knowledge. Show us what you've got!
✨Apply Directly on Company Websites
When you find companies you want to work for, head straight to their careers page to apply for full-time roles, like the one with Rolls-Royce plc for a Service Cost Officer – Policy. This often puts your application in front of the right people faster than just waiting for job boards!
We think you need these skills to ace Service Cost Officer – Policy
Some tips for your application 🫡
Show Off Your Technical Skills:When applying for the aerospace engineering role at Rolls-Royce plc, make sure to highlight your technical expertise. Include specific software skills, like CAD tools or simulation software, and any relevant engineering projects you’ve worked on. This is your chance to really shine and showcase your engineering toolkit!
Don't Skip Your Projects!:Include a section in your CV dedicated to projects that demonstrate your problem-solving abilities in aerospace engineering. Whether it's a university project, an internship, or personal work, we love seeing how you’ve applied your skills in real-world scenarios. Make it clear what your role was and the impact of the project.
Show Your Passion in Your Cover Letter:At Rolls-Royce plc, we're not just looking for skills – we want to know why you’re passionate about aerospace engineering. Use your cover letter to express what excites you about aviation technology and your career goals. Share any relevant experiences or inspirations that have led you to apply for this full-time position.
Tailor Your CV for Aerospace:Make sure your CV is specifically tailored to aerospace engineering. Focus on your education, any certifications, and your work experience, ensuring you highlight aspects that relate directly to the role. Don’t forget to mention any internships or apprenticeships that have given you hands-on experience.
How to prepare for a job interview at Rolls-Royce plc
✨Brush Up on Your Technical Knowledge
Aerospace engineering is all about technical precision, so make sure you’re comfortable with key concepts like aerodynamics, propulsion, and materials science. We recommend going through any relevant coursework or projects you’ve worked on – these real-world examples can illustrate your understanding during the interview with Rolls-Royce plc.
✨Showcase Your Projects with Confidence
Make sure to have a portfolio ready that details any significant projects you've worked on, whether it’s a group assignment or a personal endeavour. Be prepared to discuss the challenges you faced, the tools you used, like CAD software, and what you learned from the experience, as this will show your problem-solving skills in action.
✨Prepare for Technical Interviews
Expect some technical questions or even problem-solving exercises during your interview with Rolls-Royce plc. Get familiar with design challenges or theoretical problems related to aerospace; this can range from calculating lift and drag forces to materials selection under stress. Practising these can help you feel more at ease when faced with tricky questions.
✨Emphasise Your Passion and Teamwork Skills
As a full-time candidate, it’s crucial to convey your passion for aerospace engineering and your ability to work in teams. Highlight any group projects or internships you've done, focusing on how you collaborated with others to achieve a goal. Companies like Rolls-Royce plc love seeing candidates who not only have technical skills but also fit well within their team culture.
