At a Glance
- Tasks: Lead cost strategy for innovative engine programmes and drive profitability improvements.
- Company: Join Rolls-Royce, a leader in aerospace innovation and engineering excellence.
- Benefits: Generous leave, retirement savings, share ownership, and employee assistance programmes.
- Other info: Inclusive workplace valuing diverse perspectives and fostering innovation.
- Why this job: Shape the future of aviation while advancing your career in a dynamic environment.
- Qualifications: Degree qualified with strong analytical skills and business acumen.
We have an exciting opportunity for an enthusiastic, self-motivated leader to join the Trent 1000 & 7000 cost team as a Services Cost Manager – Strategy/Policy. The Trent 1000 and Trent 7000, powering the Boeing 787 and the Airbus A330-neo, are two crucial widebody engine programmes for Rolls-Royce’s Civil portfolio. Within the respective value streams, the 1000/7000 cost team sit at the heart of product performance, turning technical, operational and commercial data into the decisions that improve profitability, improving customer outcomes and shaping the long-term competitiveness of the product.
The Service Cost Manager – Strategy/Policy is accountable for generating and delivering a robust cost strategy roadmap, baseline planning assumptions for current and future business as well as evaluating the business impact of various cost reduction proposals. Define, secure approval, own and communicate the Service Cost strategy consistent with delivery of improved contract returns, business plan requirements and overall margin improvement objectives. This role will offer insights into and exposure across the Engineering, Operations, Finance, Commercial and Customer teams for those looking to advance to more senior roles.
What you will be doing:
- Manage the overall programme cost to deliver the Margin Roadmap ambitions.
- Provide a clear reporting mechanism, framework and governance that allows the engine team to track progress of the incremental cost reduction programmes that support the cost strategy roadmap and would aim to improve the future cost standards.
- Own product attribute inputs (for CRPs, BEs and business plan) on behalf of the VP cost, ensuring the inputs are robust, with clear action plans to reach the committed attributes where required.
- Accountable for defining accurate and robust Service Cost commitments for new and existing business evaluations.
- Own and manage the key integration processes that feed the CRPs' and associated financial processes providing clear guidance to the Service Cost Manager - Delivery as to the cost standards (shop cost and non-shop cost) that are required to be delivered.
- Define and manage all Service Cost controlling policies (e.g. EMP and CMP).
- Identify/capture both opportunities & hazards to Service cost and create plans to realise/mitigate.
- In particular introduce a clear CRP risk register allowing the engine team to identify its highest risks, their principal drivers and establish clear plans to mitigate or minimise their impact.
- Integrate with Fleet Business Manager, Service Business Manager and Product Cost Manager to ensure consistency and seek approval of CRP inputs/outputs.
- Provide business case support and approval for PWM/PTM/PCB/CORB items and represent Services in these governance meetings.
Preferred requirements:
- Strong business acumen and good analytical skills, some product understanding.
- Ability to understand complex data and digest into tangible business outcomes, policies and recommendations.
- The ability to communicate & influence senior stakeholder groups and other business areas.
- Degree qualified.
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.
Services Cost Manager Strategy/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 Services Cost Manager Strategy/Policy
✨Tip Number 1: Get Involved in Consulting Case Competitions
Look for case competitions hosted by universities and consulting firms. They’re a fab way to showcase your problem-solving skills and meet industry players. Plus, winning one can seriously boost your CV, which we know is key when applying for roles like Services Cost Manager Strategy/Policy at Rolls-royce!
✨Tip Number 2: Leverage Alumni Networks
Tap into your university’s alumni network; many consultants love to help out new talent. Reach out to alumni who are working in management consulting, they might have insider knowledge about openings at firms like Rolls-royce or be willing to refer you for that Services Cost Manager Strategy/Policy position!
✨Tip Number 3: Attend Industry Events and Conferences
Keep an eye on management consulting events, workshops, or panels. These are prime opportunities to network with top professionals and get your name out there. You might even bump into someone from Rolls-royce who’s on the lookout for their next Services Cost Manager Strategy/Policy star!
✨Tip Number 4: Polish Your Consulting Skills Online
Engage with online platforms that offer consulting simulations or courses. Prove your chops by completing relevant projects — this not only beefs up your experience but also gives you concrete examples to chat about during interviews for that full-time Services Cost Manager Strategy/Policy role at Rolls-royce!
We think you need these skills to ace Services Cost Manager Strategy/Policy
Some tips for your application 🫡
Show Your Problem-Solving Skills:In management consulting, it's all about problem-solving—so make sure your CV highlights your analytical and critical thinking skills. Include examples from your studies or previous roles where you tackled complex issues or came up with innovative solutions. Quantify your achievements whenever possible to demonstrate your impact!
Tailor Your Cover Letter:Your cover letter is your chance to explain why you're a perfect fit for the consulting world. Focus on your motivation for joining the industry and how your skills align with the requirements of the role at Rolls-royce. Remember to mention any relevant coursework or projects that showcase your understanding of strategic frameworks or business models!
Highlight Team Experience:Consultants often work in teams, so it's vital to showcase your collaborative skills. Include experiences where you've worked effectively with others, whether in academic group projects or internships. Discuss your role in the team and how you helped achieve common goals, demonstrating you can thrive in a consultancy environment.
Professionalise Your Online Presence:Make sure your LinkedIn and any other professional profiles are up to date, reflecting your career aspirations in management consulting. Connect with industry professionals and follow relevant groups—show you’re serious about entering this field. Applying through our website is a great way to get noticed, so showcase your personality and enthusiasm there!
How to prepare for a job interview at Rolls-royce
✨Master the Case Study Game
In management consulting, case study interviews are all the rage. Make sure to practice structuring your thoughts and analysing data on the fly. Use resources like example case studies to get comfortable with frameworks and solutions. Remember, it’s not just about getting the right answer but showcasing your thought process, so talk us through your reasoning!
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Be prepared for some numerical and analytical questions. Brush up on your mental math and be ready to interpret data from charts or graphs. We might throw some business scenarios at you that require a quick turnaround on numerical analysis, so practice these skills to feel confident and swift!
✨Show Your Leadership Flair
As this is a full-time role, we want to see your potential as a seasoned consultant. Be ready to discuss experiences where you've led a project or a team. Think about times you've influenced decisions or navigated challenges—this is your chance to show how you can thrive in a fast-paced, collaborative environment.
✨Be a Cultural Fit
We’re not just looking for brains; we want to see if you vibe with our company culture at Rolls-royce. Prepare to share how your values align with ours. Have a think about what makes a great team environment for you and how you can contribute to that. A good cultural fit goes a long way in management consulting!