Program Cost Control Analyst EBA (Grade P3)

Job Description

CLS – Program Cost Control Analyst EBA – P3 – Hybrid | Raytheon

The Tone:
This is a Hybrid role at Raytheon, located in Woburn, MA. Raytheon, part of RTX, is the world’s largest aerospace and defense company, dedicated to solving complex problems and finding new ways to connect and protect our world. With over a century of engineering expertise, Raytheon delivers solutions that help nations defend freedoms and deter aggression, creating a safer, more secure world. This role is crucial in ensuring program financial commitments are met by driving cost control and schedule predictability through diligent financial analysis and reporting within the Functional Finance team.

The TL;DR
• Role: Full Time
• Type: Hybrid
• Location: Hybrid, Woburn, MA
• Pay: $86800–$165200 yearly
• Team: Functional Finance, supporting Engineering Product Team Leads, Control Account Managers, and Program leads
• Mission: Drive predictable program cost and schedule results through meticulous financial analysis and Earned Value Management.
• Tech Stack: APEX/SAP EV, IMS, PMX, Microsoft Office Tool Suite (Excel)

What You’ll Actually Do
• Estimates Management: Support the creation of quarterly Estimates at Complete (EACs) and monthly Latest Revised Estimates (LREs), including cost estimation, reasonableness analysis, and risk and opportunity assessment at the program level.
• Financial Analysis: Perform detailed Earned Value (EV) and financial analysis against the budget baseline, schedule, and EAC positions to identify trends and inform decision-making.
• Reporting & Forecasting: Prepare forecasts, monitor actual costs, and document variances to established plans and forecasts to ensure financial transparency.
• Stakeholder Partnership: Partner with engineering and program leads to facilitate Earned Value Management System (EVMS) process inputs, EAC/LRE development, and monthly variance reporting.
• Data Analysis: Conduct weekly analysis of cost and labor runs, applying insights to drive predictable cost and schedule outcomes.

The Must-Haves
• Background: Requires a University Degree or equivalent experience with a minimum of 5 years of relevant experience, or an Advanced Degree in a related field with a minimum of 3 years of experience.
• Experience: Minimum 5 years (or 3 with an advanced degree) of experience with the Microsoft Office Tool Suite, with a strong focus on Excel, and experience using SAP and/or APEX and/or similar financial systems.
• Skills: Demonstrated proficiency in Earned Value Management (EVM), financial analysis, cost control, budget change requests (BCRs), EAC/LRE development, variance reporting, and effective communication.
• Bonus: Experience with Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and/or other Government Procurement regulations relevant to Bid/Cost proposals; knowledge in leading and managing the execution of processes, projects, and tactics within a work area; knowledge and skills within a specific technical or professional discipline with an understanding of its impact on other organizational areas; demonstrated ability to work effectively with coworkers.