Principal Specialist, FP&A- Budgets

Job Summary

Raytheon Financial Planning and Analysis (FP&A) Budgets Team seeks an experienced finance professional to lead analysis, collection, and reporting of overhead expenditures across multiple business functions. The role supports the development of budgets, variance analysis, forward pricing rate proposals, incurred cost submissions, and the maintenance of financial controls within a dynamic environment. Hybrid work arrangement with onsite and offsite components.

Tucson, AZ – Hybrid (Regular onsite and offsite work).

• Establish Annual Operating Plan (AOP), Estimate at Completion (EAC), compile monthly variance reporting and analysis, and support Forward Pricing Rate Proposals and Incurred Cost Submissions.
• Partner with supporting functions to forecast and manage expenses within their portfolio across all Raytheon Cost Accounting Segments.
• Conduct ad‑hoc analysis and reporting to support budgeting, maintain historical records, analyze trends, recommend and interpret budgetary policies, and participate in internal management reviews.
• Ensure proper financial controls, maintain compliance, and support business needs.
• Assist with the creation of purchase orders, invoice processing and approvals, and IOTs.

• Bachelor’s degree with at least 5 years of relevant experience, or an advanced degree with at least 3 years of experience.
• Experience with SAP and Microsoft Office.
• U.S. citizenship required to access the financial management system due to government contractual requirements.
• Strong financial acumen and analytical critical thinking.
• Excellent ability to summarize findings, organize analysis, and communicate effectively.
• Time management, prioritization, and problem‑solving skills.
• Strong interpersonal, collaboration and communication skills.
• Familiarity with Disclosure Statements, Cost Accounting Standards, and the classification of activities by appropriate color of money.
• Ability to work independently and as part of a highly dynamic team; detail oriented and forward thinking.
• Understanding of how indirect expense impacts rates; experience with RPlan.

• Strong financial acumen and analytical critical thinking.
• Excellent ability to summarize findings and organize analysis for customers.
• Excellent time management, prioritization, and problem‑solving skills.
• Strong interpersonal, collaboration and communication skills.
• Familiarity with Disclosure Statements and Cost Accounting Standards.
• Ability to classify activities by appropriate color of money.
• Ability to work both independently and as an integral team member in a highly dynamic environment.

We value trust, respect, accountability, collaboration, and innovation. The role offers a comprehensive benefits package which may include medical, dental, vision, life insurance, short‑term and long‑term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, employee scholar program, parental leave, paid time off, holidays, and eligible annual short‑term and/or long‑term incentive compensation programs (depending on level and collective‑bargaining coverage).

$86,800 USD – $165,200 USD.

RTX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status, or any other applicable protected class. RTX provides affirmative action in employment for qualified individuals with a disability and protected veterans in compliance with Section
503 of the Rehabilitation Act and the Vietnam Era Veterans’ Readjustment Assistance Act.