At a Glance
- Tasks: Manage cost forecasts and lead cost reduction projects in a dynamic environment.
- Company: Join Rolls-Royce, a leader in innovation and progress.
- Benefits: Competitive salary, diverse teams, and opportunities for personal growth.
- Other info: Be part of a transformative journey in a high-performing culture.
- Why this job: Make a measurable impact while working on world-class solutions.
- Qualifications: Degree or CIPS qualifications, strong data analysis skills, and good interpersonal abilities.
The predicted salary is between 60000 - 75000 £ per year.
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.
We are looking for a Procurement Product Cost Manager to work closely with the Aerospace Procurement Category teams, lead the management of the Category Cost forecast and collaborate with the Category team to identify and deliver cost reduction and cost mitigation projects. The role is cross functional at its heart and will give you the opportunity to work with a wide range of internal stakeholders, gain exposure to an extensive range of business processes and develop highly transferrable skills.
You will play a key role in making Rolls-Royce a high performing, competitive, resilient and growing business. Your responsibilities will include:
- Manage the cost forecast of an extensive portfolio of cost reduction and cost mitigation projects and ensure accuracy and credibility of the in-year and long-term product cost forecast. This will support business financial forecasting and portfolio decisions.
- Lead and support the regular product cost governance with internal stakeholders and provide a clear communication of status including arising opportunities and risks to allow their proactive management to deliver the best outcome for the business.
- Work with the Category to generate, develop and execute cost reduction projects and cost mitigation projects. You will be required to work creatively and proactively champion a wide range of cost opportunities using market intelligence, data analytics and digital tools.
- Build an understanding of the Category critical cost drivers (including contractual escalation, contract renewal, directed buy, etc.) and the Category strategy.
- Champion a Cost-conscious culture.
- Manage and task Procurement Cost leads reporting to you and support their development.
To be successful in this role, you’ll bring strong commercial acumen and a strategic mindset. You’ll thrive in a dynamic environment and enjoy solving complex problems. Specifically, you’ll need:
- A degree (BA level) and/or CIPS qualifications.
- Experience of data analysis, willingness to provide hypothesis and identify and articulate financial opportunities.
- Good business acumen and desire to develop deep understanding of commercial and financial principles.
- Good interpersonal and people management skills and ability and desire to engage with a wide range of stakeholders at various levels, functions, and areas of the business.
- Ability to influence and challenge in a positive manner.
- Can work at pace with a level of pragmatism and tenacity.
- Transformational mindset, willing to look at alternative approaches and different ways of working, which may challenge the norms and context of today.
- A passion for driving change and making a measurable difference.
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 is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to any protected characteristics. Relocation assistance is not available for this position.
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.
Procurement Cost Programme Manager in Derby employer: Rolls-royce
At Rolls-Royce, we pride ourselves on fostering a dynamic and inclusive work environment where individuality is celebrated, and diverse perspectives drive innovation. As a Procurement Cost Programme Manager, you will not only contribute to world-class aerospace solutions but also benefit from extensive employee growth opportunities, a strong focus on cost-conscious culture, and the chance to collaborate with cross-functional teams in vibrant locations like Derby and Bristol. Join us to be part of a transformative journey that empowers you to make a meaningful impact while advancing your career.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Cost Programme Manager in Derby
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Rolls-Royce. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by researching the company culture and values. Rolls-Royce loves individuality, so think about how your unique experiences can contribute to their high-performance culture.
✨Tip Number 3
Showcase your problem-solving skills! Be ready to discuss specific examples of how you've tackled complex challenges in the past. This will resonate well with the role's focus on cost reduction and mitigation.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at Rolls-Royce.
We think you need these skills to ace Procurement Cost Programme Manager in Derby
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Procurement Cost Programme Manager role. Highlight your relevant experience and skills that align with the job description, especially your commercial acumen and data analysis abilities.
Showcase Your Achievements:When detailing your past roles, focus on specific achievements that demonstrate your ability to manage cost reduction projects and influence stakeholders. Use numbers and examples to make your accomplishments stand out!
Be Clear and Concise:Keep your application clear and to the point. Avoid jargon and ensure your writing is easy to read. This will help us quickly see how you fit into our high-performance culture.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people and shows your enthusiasm for joining Rolls-Royce!
How to prepare for a job interview at Rolls-royce
✨Know Your Numbers
As a Procurement Product Cost Manager, you'll need to demonstrate your understanding of cost forecasting and data analysis. Brush up on relevant metrics and be ready to discuss how you've used data to drive cost reduction in previous roles.
✨Showcase Your Stakeholder Skills
This role involves working with various internal stakeholders. Prepare examples of how you've successfully influenced and engaged with different teams in the past. Highlight your interpersonal skills and ability to communicate complex ideas clearly.
✨Be Ready to Problem-Solve
Expect questions that assess your problem-solving abilities. Think of specific challenges you've faced in procurement or cost management and how you approached them. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Embrace Change and Innovation
Rolls-Royce values a transformational mindset. Be prepared to discuss how you've championed change in your previous roles. Share examples of innovative approaches you've taken to improve processes or reduce costs, showing your passion for driving measurable results.
