Principal Specialist, Program Cost Controls

Date Posted: 2026-07-22 Country: United States of America Location: US-IN-INDIANAPOLIS-206 ~ 3939 Priority Way S Dr ~ PRIORITY BLDG 6 Position Role Type: Onsite 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. The V-22 program has an immediate opening for a Financial Analyst in the Naval Power / Naval Airborne Solutions (NAS) business area. The V-22 program supports multiple variants of the V-22 Osprey aircraft and includes both internal and external earned value reporting. The program currently consists of CPFF (Cost Plus Fixed Fee) projects. The overall portfolio averages 130+ FTEs & $40-$45M in annual sales. This position will provide the opportunity to increase exposure to multiple facets of finance and the overall organization. You will have a key role in the execution of multiple contracts while providing critical financial oversight and guidance, as well as contributing to earned value processes and reporting. Responsibilities will include working closely with Finance counterparts, Program Management & Control Account managers to ensure program cost & schedule success. The ideal candidate can work in a fast-paced team environment, work across multiple organizations and levels of leadership, and meet deadlines. This candidate is detail focused, seeks process improvement and efficiency opportunities, and works to ensure the program successfully executes. This is a challenging and rewarding role with tremendous opportunity for experience and growth. What You Will Do Prepare and deliver weekly, monthly, and quarterly financial reports, including detailed variance analysis. Support the implementation and maintenance of Earned Value Management Systems (EVMS), including variance analysis and the development of quarterly Estimate at Completion (EAC) and monthly Latest Revised Estimate (LRE). Assist with the monthly forecasting process for bookings, sales, earnings, and cash by coordinating updates with program stakeholders and maintaining data in RPlan. Provide financial data and analysis for monthly Program Management Reviews (PMRs) to support informed decision-making. Collaborate with cross-functional teams, offering insights into the financial implications of business and program decisions. Respond to ad hoc financial analysis and data requests as needed. Qualifications You Must Have Typically will have a Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Mathematics, or related discipline and a minimum of 5 years of relevant experience, or an advanced degree and a minimum of 3 years of applicable experience. Experience supporting program cost and schedule management activities. Experience analyzing financial and program data to support problem resolution and informed decision-making. Proficiency in Microsoft Excel, Word, and PowerPoint, including the use of Excel formulas, pivot tables, and data analysis tools to prepare financial reports, forecasts, and presentation materials. U.S. citizenship is required, as only U.S. citizens are authorized to access the financial management system due to government contractual requirements. Qualifications We Prefer Experience supporting process improvement initiatives and maintaining data accuracy in financial planning and reporting activities. Experience preparing and delivering business communications, including written reports and verbal presentations to program or financial stakeholders. Experience using SAP/APEX, Excel Analysis for Office (AO), Power Query, or comparable enterprise financial and data analysis systems. Experience utilizing the Program Management (PMX) Tool Suite and EDIT+ for program financial tracking and reporting. Experience supporting financial planning and analysis activities, including tracking and reporting of Bookings, Sales, Earnings, and Cash. Experience in preparation and maintenance of Estimate at Completion (EAC) and the application of Earned Value Management Systems (EVMS) in accordance with contractual or organizational requirements. Knowledge of Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Generally Accepted Accounting Principles (GAAP) as applied to government contracting. Experience supporting financial or program activities within a U.S. Department of Defense (DoD) contracting environment. What we offer Our values drive our actions, behaviors, and performance with a vision for a safer, more connected world. At RTX we value: Safety, Trust, Respect, Accountability, Collaboration, and Innovation. Relocation is not eligible for this role. Learn more & apply now! Please consider the following role type definition as you apply for this role.   Onsite : Employees who are working in Onsite roles will work primarily onsite. This includes all production and maintenance employees, as they are essential to the development of our products. #LI-Onsite As part of our commitment to maintainin