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Cost Capability Engineer - Job Opportunity at Rolls Royce

Derby, United Kingdom
Full-time
Mid-level
Posted: March 5, 2025
Hybrid
GBP 45,000 - 65,000 per year based on Derby market rates and aerospace industry standards

Benefits

Competitive bonus scheme
Employee assistance program
Employee discount programs
Professional development opportunities
Comprehensive benefits package

Key Responsibilities

Lead cost modeling systems integration across Engineering, Finance, Purchasing, and IT teams
Develop advanced cost evaluation tools and reporting systems using programming languages
Maintain and optimize cost engineering databases
Drive digital transformation through innovative solutions including machine learning and web platforms

Requirements

Education

Engineering degree (Bachelor's, Master's, or PhD - specifically excluding BSc/MSc)

Experience

Not explicitly stated

Required Skills

Programming proficiency (PLSQL, C#VB, Java, VBA) Complex data analysis Problem-solving Analytical thinking Critical thinking Engineering background Coding ability (SQL, C#, Python, C, VBA)
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Sauge AI Market Intelligence

Industry Trends

Digital transformation in aerospace manufacturing is driving increased demand for cost engineering specialists with programming skills Integration of machine learning and AI in cost modeling represents a significant industry shift from traditional methods Growing emphasis on lifecycle cost management in aerospace reflects broader industry focus on sustainable operations

Role Significance

Part of a global team, likely working within a matrix structure of 5-10 direct team members with broader cross-functional interactions
Mid to senior-level position with significant influence on cost optimization strategies and digital transformation initiatives

Key Projects

Implementation of integrated cost modeling systems Development of machine learning-based cost prediction tools Digital transformation of cost engineering processes Creation of enterprise-wide cost intelligence platforms

Success Factors

Strong blend of engineering fundamentals and programming expertise Ability to translate complex technical requirements into practical cost models Excellence in stakeholder management across multiple organizational levels Innovation mindset with focus on practical implementation

Market Demand

High demand with growing trajectory due to aerospace industry's digital transformation initiatives and focus on cost optimization

Important Skills

Critical Skills

Programming expertise is essential for modernizing cost engineering processes Engineering background crucial for understanding technical implications of cost decisions Data analysis capabilities vital for extracting actionable insights from complex datasets

Beneficial Skills

Machine learning knowledge for future automation initiatives Visualization tools for effective communication of cost insights Change management skills for digital transformation success

Unique Aspects

Rare combination of engineering and programming skills requirement reflects emerging hybrid role trends
Position at intersection of traditional engineering and digital transformation
Opportunity to influence cost optimization at global scale

Career Growth

2-4 years in role before advancement, depending on project success and digital transformation impact

Potential Next Roles

Senior Cost Engineering Manager Digital Transformation Lead Technical Architecture Manager Engineering Solutions Director

Company Overview

Rolls Royce

Rolls-Royce maintains its position as a global leader in power systems and aerospace technology, with a century-long legacy of innovation

Premier aerospace and power systems manufacturer with strong market presence in commercial and defense sectors
Derby serves as a major engineering hub with significant influence on global operations
Innovation-focused environment with strong emphasis on safety, integrity, and technical excellence
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