Program Cost Control Principal Specialist

Date Posted: 2026-09-23

Country:

United States of America

Location:

US-TX-MCKINNEY-513PW ~ 2501 W University Dr ~ PW BLDG

Position Role Type:

Hybrid

U.S. Citizen, U.S. Person, or Immigration Status Requirements:

U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract.

Security Clearance Type:

None/Not Required

Security Clearance Status:

Not Required

At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose and inspired to make a difference solving the world’s most complex problems. With our three market leading businesses, world-class operations and investments in research and development, we offer capabilities and opportunity no one else can. Together, we push the boundaries of known science and find new ways to connect and protect our world.

Raytheon brings the strength of more than 100 years of experience and renowned engineering expertise to meet the needs of today’s mission and stay ahead of tomorrow’s threat. We deliver solutions that help our nation and allies defend freedoms and deter aggression, creating a safer, more secure world. Join us and help shape the future of aerospace and defense.

What You Will Do

• Support program financial execution by working with Program Business Managers, Integrated Product Team (IPT) Leads, Program Managers, and Finance teams.
• Support program cost reporting, Earned Value Management (EVM), and financial analysis activities.
• Prepare internal cost reports and analyze cost data, financial planning systems, and program performance metrics.
• Compile quarterly Estimate at Completion (EAC) submissions for review by program and finance leadership.
• Prepare monthly cost and performance analysis supporting Earned Value reporting.
• Analyze financial performance at the functional and product level, including variances to budget, baseline, and EAC.
• Process approved Baseline Change Requests (BCRs) and support the Latest Revised Estimate (LRE) process using established financial tools.
• Use PRISM (Material Requirements Planning system) to analyze grouping, pegging, and distribution impacts for material cost analysis.
• Respond to billing, funding, financial data inquiries, and ad hoc financial analysis requests.
• Support the Advanced Products & Solutions (APS) business area within the Advanced Open Integrated Solutions (AOIS) Finance team as a Principal Specialist, Program Cost Controls (Cost, Schedule, and Control Analyst).

Qualifications You Must Have:

• Typically requires a Bachelor's Degree in Finance, Accounting, Economics, or a related field and a minimum of 5 years of relevant experience or an Advanced Degree in related field and minimum of 3 years experience
• Experience using Microsoft Office applications, including Excel (pivot tables, advanced formulas, and data analysis), PowerPoint, and Word to analyze data and prepare reports and presentations.
• Experience with financial systems, including SAP, SAP Business Warehouse (or equivalent).
• Experience with Earned Value Management (EVM), including Schedule Performance Index (SPI), Cost Performance Index (CPI), To-Complete Performance Index(TCPI), Independent Estimate at Completion(IEAC), Variance at Completion(VAC), and Estimate at Completion (EAC) analysis, or equivalent financial forecasting methodologies.
• Experience working with cross-functional organizations, including Contracts, Operations, Engineering, Supply Chain, and other business functions.
• U.S. citizenship is required because access to certain financial management systems is restricted by government contractual requirements.

Qualifications We Prefer:

• Experience preparing written and verbal communications for stakeholders at multiple organizational levels, including summarizing and presenting information.
• Experience with PMX/PMTools and the RPlan forecasting system.
• Experience analyzing data to identify issues, evaluate alternatives, and support resolution using established processes and available information.
• Experience reviewing work products for accuracy, completeness, and consistency before submission.
• Active DoD Secret or Top Secret security clearance.

What We Offer :

• Whether you’re just starting out on your career journey or are an experienced professional, we offer a total rewards package that goes above and beyond with compensation; healthcare, wellness, retirement, and work/life benefits; career development and recognition programs.
• Some of the benefits we offer include parental (including paternal) leave, flexible work schedules, achievement awards, educational assistance, and child/adult backup care.

Learn More & Apply Now!

• Hybrid : Employees who are working in Hybrid roles will work regularly both onsite and offsite. Ratio of time working onsite will be determined in partnership with your leader.

As part of our commitment to maintaining a secure hiring process, candidates may be asked to attend select steps of the interview process in-person at one of our office locations, regardless of whether the role is designated as on-site, hybrid or remote.

The salary range for this role is 86,800 USD - 165,200 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills.Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays. Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether or not it is covered by a collective-bargaining agreement. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance.This role is a U.S.-based role. If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply.RTX anticipates the application window closing approximately 40 days from the date the notice was posted. However, factors such as candidate flow and business necessity may require RTX to shorten or extend the application window.

RTX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status, or any other applicable state or federal protected class. RTX provides affirmative action in employment for qualified Individuals with a Disability and Protected Veterans in compliance with Section 503 of the Rehabilitation Act and the Vietnam Era Veterans’ Readjustment Assistance Act.

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