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For Companies At a Glance
- Tasks: Define cost strategies and evaluate proposals to optimise engine operation costs.
- Company: Join Rolls-Royce, a leader in aerospace innovation and technology.
- Benefits: Competitive salary, bonuses, employee support, and discounts.
- Why this job: Make a real impact on the profitability of cutting-edge aerospace engines.
- Qualifications: Degree in a numerate discipline or relevant business/finance experience.
- Other info: Collaborative culture with opportunities for continuous learning and career growth.
The predicted salary is between 36000 - 60000 £ per year.
About the Role
As the Cost Policy Officer – Trent XWB, 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 the Trent XWB so have a direct impact on our business performance. With over 600 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. The aim of the Life‑Cycle Cost Officer role is to support the optimisation of the cost of operation of an engine throughout its life cycle. The majority of operators on the Trent XWB programmes will be under Total Care service agreements (the target is >90%). It is therefore essential that the cost base is managed to ensure that the cost of these service agreements is minimised throughout the term of the contracts, whilst maintaining Product Safety, Reliability & Customer Satisfaction.
Key Accountabilities
- Engineering and Service Experience.
- Highly analytical and able to interpret data and complete data modelling using MS Excels and Power Bi.
- Understand key accounting principles such as revenue, cash and profits.
- Strong Analytical, interpersonal, presentation, negotiation and project management skills.
- Generation of cost base for financial reporting – Time on wing, Shop Cost and Services cost.
- LCC reduction identification and achievement.
- CORB (Cost of Ownership Review Board) leadership and approval.
- Ownership of EMP (Engine Management Programme) & Mod. Embodiment Policy.
- Ownership of Fit New vs. Repair Policy & Repair Development Plan.
- Product Change Management (Product Change Board, Product Team Meeting, Project Zero).
Qualifications
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.
- Educated to degree level or equivalent in a numerate or business discipline or will have business, finance or engineering experience.
- Innovative thinking and a drive to solve problems and take accountability.
- Financial management, commercial acumen and decision‑making skills, comfortable dealing with ambiguity.
- Highly analytical and able to interpret data and complete data modelling using Microsoft Excel.
- Able to communicate effectively and work collaboratively across diverse and global teams.
- Aerospace industry knowledge is advantageous but not essential.
Why Rolls‑Royce?
Work with us and we’ll welcome you into a culture of caring and belonging where you can be yourself. We will listen first, embrace feedback and act with integrity. We will invest in your continuous learning and development, and make sure you have access to a wide breadth and depth of opportunities to grow your career and make a difference.
Benefits
We offer excellent development, a competitive salary and exceptional benefits. These include bonus, employee support assistance and employee discounts.
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Services Cost Officer - Delivery employer: Rolls-Royce
Contact Detail:
Rolls-Royce Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Services Cost Officer - Delivery
✨Tip Number 1
Network like a pro! Reach out to people in the aerospace industry, especially those who work with cost management or have experience with the Trent XWB. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Prepare for interviews by brushing up on your analytical skills. Be ready to discuss how you’ve used data modelling in past roles, especially with tools like Excel and Power BI. Show them you can turn numbers into actionable insights!
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a quick email to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Showcase your problem-solving skills during interviews. Think of examples where you’ve tackled challenges in cost management or project leadership. They want to see that you can think outside the box and drive results!
We think you need these skills to ace Services Cost Officer - Delivery
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Services Cost Officer role. Highlight your analytical skills and experience with cost strategies, as these are key to the position. We want to see how your background aligns with our needs!
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, don’t shy away from sharing specific examples of data modelling or financial reporting you've done in the past. We love seeing how you’ve tackled challenges using your analytical prowess!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to describe your experiences and achievements. We appreciate clarity, and it helps us understand your fit for the role better!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Rolls-Royce
✨Know Your Numbers
As a Services Cost Officer, you'll need to be comfortable with data and financial metrics. Brush up on key accounting principles and be ready to discuss how you’ve used data modelling in past roles. Prepare examples of how your analytical skills have led to cost reductions or improved profitability.
✨Showcase Your Problem-Solving Skills
This role requires innovative thinking and the ability to tackle challenges head-on. Think of specific instances where you've identified a problem and implemented a successful solution. Be prepared to explain your thought process and the impact of your decisions.
✨Communicate Effectively
Strong interpersonal skills are crucial for this position. Practice articulating your thoughts clearly and concisely. Consider how you can demonstrate your ability to work collaboratively across teams, especially in diverse environments. Role-play common interview scenarios with a friend to build confidence.
✨Understand the Company Culture
Familiarise yourself with Rolls-Royce's values and culture. They emphasise integrity, feedback, and continuous learning. Be ready to discuss how your personal values align with theirs and how you can contribute to a culture of caring and belonging within the team.
