Vice President - Product Cost

Job Description

Vice President - Product Cost

Full Time

Derby/ Hybrid (flexible with usually 3 days per week on site)

Why join Rolls-Royce?

At Rolls-Royce we are proud to be a business that has truly helped to shape the modern world and are committed to always being a force for progress; powering, protecting and connecting people everywhere.

By joining Rolls-Royce, you'll have the opportunity to work on world-class solutions, supported by a culture that believes individuality is our greatest strength, and all perspectives, experiences and backgrounds help us innovate and enable our high-performance culture.

An exciting opportunity is available for a Vice President – Product Cost to lead elements of a Rolls-Royce key strategic theme, essential to delivering our group mid-term commitments.

This Vice President – Product Cost role is accountable for providing leadership to our multi-billion-pound Civil Aerospace product cost programme as we transform Rolls-Royce into a high performing, competitive, resilient and growing business.

You will develop and lead key cost reduction themes including new technology adoption, cost engineering, supply chain sourcing, functional improvement and manufacturing operations excellence.

What you will be doing:

The Vice President – Product Cost will lead a cross-functional programme to define and exceed industry benchmark performance on cost out. You will help define our product cost operating model and governance structure to maximise return on investment and facilitate flawless execution on our commitments: Other key accountabilities will include:

• Strategic leadership of elements of our Civil Aerospace product cost programme
• Understand engine specific product cost targets, aggregate total requirements and lead cross functional operational and engineering teams to develop a granular visions and strategy, supported by a robust product cost reduction pipeline
• Develop robust internal and external benchmarking capabilities to gain and maintain an industry best-in-class product cost performance in support of our transformation programme
• Contribute to the continuous improvement of our product cost operating model and provide robust governance to facilitate on-time delivery of commitments, and proactively manage risks and opportunities across strategic and operational activity across our delivery areas – Manufacturing Operations and Procurement .

Preferred qualifications:

• Qualified to degree level with significant breadth and depth of experience across Operations or Engineering businesses.

Preferred requirements:

• Exceptional stakeholder management skills with strong ability to communicate effectively at all levels of the organisation
• Strategic leadership and/or change management experience within a complex engineering industry delivering transformational performance improvement is essential
• Demonstrable experience of leading large, cross functional teams delivering complex programmes which drive improved business profit and/or cash
• Able to effectively manage ambiguous information, navigate complex problems and translate information into simple and efficient messaging
• Experience in sourcing strategy, technology development and introduction, and/or lean manufacturing is preferential.

Regional benefits:

• Generous Annual Leave
• Retirement Savings through the Rolls-Royce Retirement Savings Trust
• Group Life Assurance provides for a lump sum benefit if you die whilst employed by Rolls-Royce
• Group Income Protection provides an income in the event that you are unable to work due to illness or injury
• Your Shares: Matched is a simple way to own Rolls-Royce shares and invest in our future, together. Buy one share, get one free!

Our vision is to ensure that the excellence and ingenuity that shaped our history continues into our future. Our multi-year transformation programme aims to turn Rolls-Royce into a high-performing, competitive, resilient and growing company. Join us, and it can be your future vision too.

Rolls-Royce are committed to being a respectful, inclusive, and non-discriminatory workplace where individuality is valued, diverse perspectives fuel innovation, and everyone can thrive.

Closing date: 5th June 2026

As part of our selection process, candidates in certain locations may be asked to complete an online assessment, which can include cognitive and behavioural aptitude testing relevant to the role. If required, full instructions for the next steps will be provided.

Job Category

Project Management

Posting Date

22 May 2026; 00:05

Posting End Date

05 Jun 2026