Cost Modeling Engineer Jobs

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Affordability Risk Engineer

Raytheon Tucson, AZ

Tucson, AZ

Today

$69k - $131k/yr Full time Cost Estimation Cost Modeling Data Analysis

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Job Description

Raytheon’s Strategy & Technology Center is seeking an Affordability Cost Modeler to develop, execute, and maintain cost models that evaluate system affordability across the product lifecycle. This role is based in Tucson, AZ (onsite) and supports internal program teams with cost data that is reliable and traceable.

Key Responsibilities

Develop and execute cost models supporting forecasts for development, production, and sustainment.
Populate cost model inputs using validated engineering, operations, supplier, and financial data.
Determine key cost drivers and assess how technical or manufacturing decisions affect cost outcomes.
Support analyses including Design-to-Cost (DTC), Cost-as-an-Independent-Variable (CAIV), and lifecycle cost modeling (LCC/TOC).
Use basic statistical methods such as trend analysis, simple regression, and variance analysis to evaluate cost behavior.
Conduct sensitivity analyses for quantity, production rate, design changes, and supplier variations.
Maintain traceable data, assumptions logs, and supporting documentation to ensure model credibility.
Assist with Business Case Analyses (BCAs) and evaluations of cost-reduction opportunity (CRO).
Collaborate with Affordability Leads and senior Modelers to align cost modeling with program requirements and RLPM needs.
Update cost models as new data is introduced to maintain accuracy and relevance.

Required Qualifications

Ability to obtain and maintain a U.S. government issued security clearance.
U.S. citizenship is required for security clearance eligibility.
Active and transferrable Top Secret security clearance.
Typically requires a STEM degree with a minimum of 2 years prior relevant experience.
Experience in engineering, manufacturing, and/or supply-chain environments or concepts.
Experience with analysis in at least one of the following: cost modeling, economics, statistics, and/or quantitative data interpretation.
Degree or advanced degree in Mathematics, Data Analytics, Economics, Industrial Engineering, Operations Research, Business Analytics, or a related analytical field.
Exposure to cost analysis, operations research, engineering economics, or related disciplines.
Experience using data analysis tools including Python, R, MATLAB, Tableau, or Power BI.
Proficiency with Microsoft Excel (pivot tables, formulas, charts).
Ability to clearly communicate technical and cost concepts to internal teammates.
Strong organizational skills and attention to detail for documenting assumptions and processes.

Technologies

Python
R
MATLAB
Tableau
Power BI
Microsoft Excel

Compensation

Salary Range: USD 68,900 to 131,100 per year.

Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs. Payments under these annual programs are not guaranteed and depend on factors including individual performance, business unit performance, and/or the company’s performance.

Benefits

Relocation assistance is available.
Medical, dental, vision, life insurance
Short-term disability
Long-term disability
401(k) match
Flexible spending accounts
Flexible work schedules
Employee assistance program
Employee Scholar Program
Parental leave
Paid time off
Holidays

Security Clearance Information

DoD Clearance Type: Top Secret
Status: Active and existing security clearance required after day 1
Process: DCSA Consolidated Adjudication Services (DCSA CAS), an agency of the Department of Defense, handles and adjudicates the security clearance process.

Work Location

Onsite: Employees in onsite roles will work primarily onsite.

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