At a Glance
- Tasks: Support cost strategy and drive initiatives for service cost reduction.
- Company: Join Rolls-Royce, a leader in innovation and engineering excellence.
- 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 profitability of cutting-edge aircraft engines.
- 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
The key responsibilities for this role are to support the Service Cost Manager-Policy to deliver the following:
- 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.
- 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.
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.
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Service Cost Officer – Policy employer: Rolls-royce
At Rolls-Royce, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in our Bristol/Hybrid location. Our commitment to employee growth is evident through tailored development programmes and opportunities to engage in meaningful projects that shape the future of technology. With a focus on diversity and inclusion, we ensure that every team member feels valued and empowered to contribute to our collective success.
StudySmarter Expert Advice🤫
We think this is how you could land Service Cost Officer – Policy
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We think you need these skills to ace Service Cost Officer – Policy
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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How to prepare for a job interview at Rolls-royce
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Rolls-royce.
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Before your interview, reach out to current or former Rolls-royce employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
