Job Description

Date Posted: 2025-10-15
Country: United Kingdom
Location: GBR25: Home - Glenrothes, Queensway Industrial Estate, Glenrothes, Fife, KY7 5PY
Position Role Type: Unspecified
Job Title: Principal Specialist, Pricing & Bidding, Commodity Management (P3)
Location(s): Glenrothes (Hybrid with 3 days a week on site)
Raytheon UK
At Raytheon UK, we take immense pride in being a leader in defence and aerospace technology. As an employer, we are dedicated to fuelling innovation, nurturing talent, and fostering a culture of excellence.
Joining our team means being part of an organisation that shapes the future of national security whilst investing in your growth and personal development. We provide a collaborative environment, abundant opportunities for professional development, and a profound sense of purpose in what we do. Together, we are not just advancing technology; we're building a community committed to safeguarding a safer and more connected world.
Summary of Role:
The Principal Specialist, Pricing & Bidding role will lead the pricing activity for key bids within the Procurement team. Working closely with the Material Project Managers, Programme Managers and a broad supply chain to establish a material cost estimate compliant to UK MOD or US DoD standards. This is a key role within the Procurement and SCM function and plays an important part in meeting the growth ambitions of the company.
Main Duties:

• Providing commercial insight to support bid competitiveness and profitability, including margin analysis and cost drivers
• Contributing to long-term pricing strategy development and influencing procurement decisions at programme level
• Working closely with Engineering, Supplier Quality, Material Management and Programme teams to establish pricing strategies, ensuring bid alignment and cost realism
• Leading the pricing activity across a wide-ranging supply chain covering all commodities
• Preparing the release of technical drawings to the supply base, ensuring compliance with ITAR, EAR, and other relevant export control regulations
• Undertaking detailed Price Analysis and preparing summary reports for senior managers
• Developing cost estimates using a range of formula's and estimating techniques
• Identifying pricing risks and developing mitigation strategies aligned with programme and contractual requirements
• Maintaining records and updating procurement systems
• Briefing senior leadership and communicating with peers

Candidate Requirements:
Essential:

• Experience in Procurement, Supply Chain, Commodity, Commercial Estimating and/or a related field
• Able to lead or perform effectively in a multi-functional team
• Excellent verbal and written communications
• Experience in proposal and programme governance activities
• Experience of problem solving and dispute resolution
• Strong financial acumen and ability to interpret cost structures and pricing models
• Proficiency in data analysis and scenario modelling tools
• Experience or knowledge of MRP, SAP and purchase order placement/ material receipt processes
• Flexible and positive attitude, able to perform under pressure

Desirable but not essential

• Experience managing a team
• Related degree, MCIPS or equivalent
• Experience as Control Account Manager
• Knowledge of import/export legislation and logistical requirements

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RTX adheres to the principles of equal employment. All qualified applications will be given careful consideration without regard to ethnicity, color, religion, gender, sexual orientation or identity, national origin, age, disability, protected veteran status or any other characteristic protected by law.
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