At a Glance
- Tasks: Lead a cross-functional team to drive product cost transformation in Civil Aerospace.
- Company: Join Rolls-Royce, a leader in aerospace innovation and diversity.
- Benefits: Generous leave, retirement savings, life assurance, and a culture that celebrates individuality.
- Other info: Be part of a respectful, inclusive workplace that values diverse perspectives.
- Why this job: Make a significant impact on a multi-billion-pound product cost programme.
- Qualifications: Degree in operations or engineering with strong leadership and communication skills.
The predicted salary is between 75000 - 117800 £ per year.
Vice President – Product Cost virtually leads key strategic theme in Civil Aerospace, accountable for multi‐billion‐pound product cost programme and driving transformation to a high performing, competitive, resilient business.
Key Responsibilities
- Lead a cross‐functional programme to define and exceed industry benchmark on cost out.
- Define product cost operating model and governance structure to maximise ROI and support flawless execution.
- Strategic leadership of civil aerospace product cost programme: understand engine specific targets, aggregate requirements and lead cross‐functional operational and engineering teams.
- Develop granular vision, strategy and robust product cost reduction pipeline.
- Create robust internal and external benchmarking to maintain best‐in‐class performance.
- Improve operating model and provide governance to deliver commitments on time, proactively managing risks and opportunities across manufacturing operations and procurement.
Qualifications
- Degree level with significant breadth and depth in operations or engineering businesses.
- Exceptional stakeholder management and communication at all organisational levels.
- Strategic leadership and/or change management experience in a complex engineering industry delivering transformational performance improvements.
- Proven track record of leading large, cross‐functional teams on complex programmes that drive business profit and/or cash.
- Ability to manage ambiguous information, navigate complex problems and translate information into simple, efficient messaging.
- Experience in sourcing strategy, technology development, introduction and/or lean manufacturing is preferential.
Benefits
- Generous annual leave, retirement savings through the Rolls‐Royce Retirement Savings Trust, group life assurance, income protection, matched shares (Buy one share, get one free) and a culture that values individuality and diversity.
EEO Statement
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.
Closing date: 5th June 2026.
Vice President - Product Cost employer: Rolls-Royce plc
At Rolls-Royce, we pride ourselves on being an exceptional employer, particularly for the Vice President - Product Cost role. Our commitment to fostering a diverse and inclusive work culture is complemented by generous benefits such as extensive annual leave, retirement savings plans, and unique share matching opportunities. Located in a dynamic environment, we offer unparalleled growth opportunities and the chance to lead transformative projects that shape the future of civil aerospace.
StudySmarter Expert Advice🤫
We think this is how you could land Vice President - Product Cost
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We can’t stress enough how personal connections can open doors that applications alone can’t.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We recommend practising common interview questions and tailoring your answers to highlight your strategic leadership skills in complex environments.
✨Tip Number 3
Showcase your achievements! When you get the chance to speak about your experience, focus on specific examples where you’ve led cross-functional teams or driven transformational performance improvements.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Vice President - Product Cost
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the job description. Highlight your experience in operations or engineering, and don’t forget to showcase any strategic leadership roles you've held. We want to see how you can lead cross-functional teams and drive transformation!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us about your passion for civil aerospace and how your skills align with our goals. Be sure to mention specific examples of how you've managed complex programmes and delivered results.
Showcase Your Stakeholder Management Skills:In this role, communication is key! Make sure to highlight your experience in managing stakeholders at all levels. We love seeing examples of how you've navigated complex problems and communicated effectively across teams.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Rolls-Royce plc
✨Know Your Numbers
As a Vice President - Product Cost, you'll need to demonstrate your understanding of financial metrics and cost management. Brush up on key performance indicators relevant to product costs and be ready to discuss how you've successfully managed budgets or reduced costs in previous roles.
✨Showcase Your Leadership Skills
This role requires exceptional strategic leadership. Prepare examples that highlight your experience in leading cross-functional teams and driving transformational change. Think about specific challenges you faced and how you navigated them to achieve results.
✨Understand the Industry Landscape
Familiarise yourself with current trends and challenges in the civil aerospace sector. Be prepared to discuss how these factors influence product cost strategies and what innovative approaches you would bring to the table to maintain best-in-class performance.
✨Communicate Clearly and Confidently
Given the importance of stakeholder management, practice articulating complex ideas in a simple manner. Use clear examples to illustrate your points during the interview, ensuring you convey your vision and strategy effectively to all organisational levels.
