Program Cost Controls Principal Specialist

Date Posted: 2026-07-13 Country: United States of America Location: US-CA-GOLETA-H01 ~ 6380 Hollister Ave ~ BLDG H01 Position Role Type: Hybrid U.S. Citizen, U.S. Person, or Immigration Status Requirements: The ability to obtain and maintain a U.S. government issued security clearance is required.​ U.S. citizenship is required, as only U.S. citizens are eligible for a security clearance Security Clearance Type: DoD Clearance: Secret Security Clearance Status: Active and existing security clearance required after day 1 At RTX, the world 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: Develop, implement, and maintain Earned Value Management Systems (EVMS) for program execution in compliance with contractual and regulatory requirements, including Baseline Change Requests (BCRs), variance analysis, monthly Latest Revised Estimate (LRE) development, data analysis, and reporting. Oversee planning, scheduling, budgeting, and resource allocation activities for externally reported programs. Monitor and analyze program performance metrics, including Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimate at Completion (EAC), and To Complete Performance Index (TCPI). Develop, support, and review quarterly Estimates at Completion (EACs) and monthly Latest Revised Estimates (LREs). Support financial planning activities, including RPLAN updates, and analyze and communicate the impact of program performance on Bookings, Sales, Earnings, and Cash (BSEC). Develop and validate Contract Data Requirement Lists (CDRLs). Serve as the financial point of contact for Program Management and provide financial support to Integrated Product Team (IPT) members and cross-functional organizations, including Engineering, Supply Chain, and Operations. Collaborate with Control Account Managers (CAMs), project schedulers, and functional teams to support cost and schedule integration. Support compliance reviews and process audits. Maintain compliance with company financial policies and established financial controls. Support development of Five-Year Plan and Annual Operating Plan (AOP) forecasts. Support proposal development activities. Perform financial analyses and reporting as requested. Qualifications You Must Have: Typically requires Bachelor's degree and a minimum of 5 years of relevant experience, or an advanced degree in a related field and a minimum of 3 years of relevant experience. Experience with Earned Value Management Systems (EVMS), Program Controls, or integrated cost and schedule management. Experience using Microsoft Office applications. The ability to obtain and maintain a U.S. government issued security clearance is required. U.S. citizenship is required, as only U.S. citizens are eligible for a security clearance. Qualifications We Prefer: Experience preparing and delivering Integrated Program Management Data and Analysis Reports (IPMR/IPMDAR). Experience supporting Integrated Baseline Reviews (IBRs) and Internal Surveillance Reviews (ISRs). Experience using SAP, PRISM, Business Warehouse (BW), Analysis for Office (A/O), SAP/APEX, or PM Tools Suite. Experience supporting Department of Defense (DoD) development, production, or Engineering Manufacturing Development (EMD) programs. Experience with financial forecasting and risk and opportunity management. Experience preparing and delivering presentations. Experience performing financial analysis and problem resolution. Experience supporting internal and external stakeholders. Experience working independently. Experience leading or mentoring analysts. 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! Please consider the following role type definition as you apply for this role.   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. Clearance Information: Clearance Information: This position requires security clearance. DCSA Consolidated Adjudication Services (DCSA CAS) , an agency of the Department of Defense, handles and adjudicates the security clearance process. More information about Security Clearances can be found on the US Department of State government website here:  https://www.state.gov/m/ds/clearances/c10978.htm 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 95,500 USD - 181,700 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an of