Cost Analyst – Aerospace Procurement

Job Description

Cost Analyst – Aerospace Procurement

Full time

Derby/Hybrid

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.

Position Summary

We are looking for a Cost Analyst to work closely with the Aerospace Procurement Category teams.

As a Cost Analyst you will be focused on supporting the Procurement Team on data analysis for our cost initiatives, headwinds and market intelligence, using this data to identify trends headwinds and opportunities for cost reduction and cost avoidance.

You will work with Buyers and Category Managers across all areas of the Aerospace Procurement team and a wide scope of stakeholders. You will also support the upward reporting cycle on Cost.  

What you will be doing

• Data Analysis – Collaborate with the Procurement and Value Stream Teams to dive deep into Procurement cost data, uncovering market trends and pinpointing key cost drivers. Your insights will spotlight opportunities to reduce costs and optimize performance as you hunt for actionable patterns and innovative savings.
• Cost Transformation – Act as a vital link across all cost transformation workstreams, including the Negotiation Factory, Best Cost Country, and Headwinds Control Tower. You’ll drive the sharing of data insights and foster connections, ensuring we maximize opportunities and proactively address risks—unlocking greater value and strengthening our competitive edge.
• Governance and reporting - You will take the helm in analysing and delivering insightful reports for our monthly cost governance cycles, driving informed decision-making and ensuring transparency at every step.
• Championing Tools and Processes – You’ll become an expert in analysing data, actively supporting transformation initiatives to deliver clearer, more actionable digital insights for our cost-saving projects. Your leadership will help unlock the full potential of streamlining our approach to cost initiatives and enhancing our data-driven decision-making.
• Providing strategic procurement support to the category teams, empowering them to achieve their goals and deliver maximum value.

Position qualifications

• Experience working in procurement or supplier facing roles previously.  

• Strong experience of data analysis, providing hypothesis and financial opportunities. Attention to detail on data analysis is a critical skill needed for this role.  

• Good interpersonal, and people management skills and confident to talk to a wide range of stakeholders at various levels, functions, and areas of the business.  

• Can work at pace with a level of pragmatism and tenacity.  

• Transformational mindset, willing to look at alternative approaches and different ways of working, which may challenge the norms and context of today  

• Insatiable curiosity and happy to spend time reading and scrutinising contracts and data to draw conclusions for opportunities  

• Global outlook and exposure to different challenges, cultures and ways of working

Regional Benefits

• Generous Annual Leave 
• Retirement Savings 
• 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: 11th October 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

01 Oct 2026; 00:10

Posting End Date

11 Oct 2026