Date Posted:

2026-03-11
Country:

United Kingdom
Location:

Gloucester, South Gloucestershire
Position Role Type:

Hybrid

Job Description:

Job Title

Project Analyst

Grade

P2

Function

Programme Management

Location

Barnwood, Gloucester – hybrid working

Security

Clearance Required: SC

For further information on security clearances please visit this website:

• National security vetting: clearance levels
• GOV.UK

Duration

Full time permanent

Hours

37hrs per week

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.

About the role:

In this role you’ll play a key part in the PMO function providing financial assurance and enabling Project and Programme Managers to make key business decisions. Key duties include approving expenses, ensuring accurate, timely client billing and performing variance analysis to prevent cost overruns. Assist with forecasting and tracking profitability throughout the project lifecycle.

In this role you’ll collaborate with the wider business functions including Finance, Commercial and Senior Leaders. The function has opportunities for career and professional development. You’ll support the delivery of projects, and play an influential role within a collaborative culture for project success.

You’ll join a collaborative, forward-thinking organisation where project finance is seen as the cornerstone of the Project Management Office. We offer real ownership, visibility and the chance to help shape and influence how project decisions and directions from a financial perspective. You’ll work closely with experienced project and finance professionals, gain exposure to varied and interesting projects and have clear opportunities to grow your skills and career.

Skills and Experience:

• Excellent organisation skills and time management keeping
• Strong understanding of budgets, forecasting and cost control
• Thrive in fast-past environments with the ability to manage multiple workstreams, reports and deadlines and support changing priorities
• Exceptional attention to detail, ensure data accuracy and completeness in reports and records
• Confident communicator who can interact with stakeholders at all levels, from project teams members to senior executives
• Ability to explain financial information clearly to non-finance stakeholders
• Proficiency in ERP systems (e.g., SAP) and advanced MS Excel skills
• Finance certification desirable but not essential
• Eligible for achieving SC security clearance

Responsibilities:

• Budget and cost control through weekly monitoring of labour / expenses to ensure correct time bookings and carry out variance to forecast analysis
• Document and records management via maintaining accurate, up-to-date documentation such as client forecast trackers
• Financial Reporting by assisting the Project Managers with quarterly EACs and validating CIP balances
• Support new business opportunities through financial modelling
• Invoicing and billing of Monthly approval of client billing for all costs /expenses hitting specific projects.
• Submit forecasts to clients in line with deadlines

Benefits and Work Culture:

Benefits:

• Competitive salaries.
• 25 days holiday + statutory public holidays, plus opportunity to buy and sell up to 5 days (37hr)
• Contributory Pension Scheme (up to 10.5% company contribution)
• Company bonus scheme (discretionary).
• 6 times salary ‘Life Assurance’ with pension.
• Flexible Benefits scheme with extensive salary sacrifice schemes, including Health Cashplan, Dental, and Cycle to Work amongst others.
• Enhanced sick pay.
• Enhanced family friendly policies including enhanced maternity, paternity & shared parental leave.

Work Culture

• 37hr working week, although hours may vary depending on role, job requirement or site-specific arrangements.
• Early 1.30pm finish Friday, start your weekend early!
• A grownup flexible working culture that is output, not time spent at desk, focussed. More formal flexible working arrangements can also be requested and assessed subject to the role. Please enquire or highlight any request to our Talent Acquisition team to explore the flexible working possibilities.
• Up to 5 paid days volunteering each year.

RTX

Raytheon UK is a landed company and part of the wider RTX organisation. Headquartered in Arlington, Virginia, USA, but with over 180,000 employees globally across every continent, RTX provides advanced systems and services for commercial, military and government customers worldwide and comprises three industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, and Raytheon.

Supporting over 35,000 jobs across 13 UK sites, RTX is helping to drive prosperity. Each year our work contributes over £2.7bn to the UK economy and offers a wealth of opportunities to 4,000 suppliers across England, Scotland, Wales and Northern Ireland. We’re investing in all corners of the country, supporting 29,040 jobs in England, 3,040 in Northern Ireland, 1,900 in Scotland and 1,600 in Wales.

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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