Program Cost Analyst

Date Posted:

2026-05-07

Country:

Canada

Location:

CA-ON-MIDLAND-450 ~ 450 Leitz Rd ~ BLDG 450

Position Role Type:

Unspecified

Discover Your Potential at Raytheon ELCAN – We’re Hiring!

Raytheon ELCAN is a global leader in high-precision optical systems. Our commitment to innovation, quality, and excellence spans over 70 years has earned us a reputation for delivering cutting-edge solutions for the most demanding challenges in the world. Join our dynamic team and contribute to projects that have a meaningful impact across the globe.

We have an immediate need for a Program Cost Analyst to join our Finance team. In this role, you will research, analyze and develop cost models. Manage customer invoicing and support with monthly, quarterly and annual financial reporting. You will also have the opportunity to collaborate with skilled professionals, leverage advanced technologies, and contribute to the success of Raytheon ELCAN.

Why Raytheon ELCAN:

At Raytheon ELCAN, we offer more than just a job; we offer the opportunity to be part of a global team that is shaping the future of high-precision optical systems. We provide a collaborative and innovative work environment, competitive compensation and benefits, job flexibility, and opportunities for professional growth. Join us and contribute to projects that push the boundaries of optics while working alongside some of the brightest minds in the field. Raytheon ELCAN is located in Midland Ontario, a community known for its technological advancements. Midland offers a perfect blend of urban amenities and natural beauty nestled on the shores of Georgian Bay, making it an ideal place to work, grow, and belong.

Primary Responsibilities:

• Share in the commitment towards a positive workplace culture
• Lead proposal and estimating efforts to ensure timely, compliant responses to customer RFPs.
• Develop, analyze, and maintain cost models, labor estimates, and material pricing based on current and historical data.
• Compile and evaluate supplier and internal cost data to perform comprehensive price and cost analyses.
• Coordinate the collection of cost, schedule, and performance information from functional departments.
• Support monthly, quarterly, and annual financial reporting, including journal entries, reconciliations, and preparation of working papers.
• Conduct internal pricing compliance reviews and support external regulatory audits.
• Prepare proposal documentation, approval packages, and audit submissions in accordance with company and government requirements.
• Identify and clearly document assumptions, dependencies, and risk factors in cost build-ups..
• Provide ad-hoc analysis, data validation, and financial insight to improve decision-making and business performance.
• Supporting the development and implementation of improved processes
• Assist in generating program financial artifacts such as CPI reports, graphs, and analysis, as required
• Perform ad-hoc analysis, data integrity checks, and validations related to program financials
• Work safely and in accordance with all applicable acts, regulations, legislation, and codes to ensure personal and public safety

Qualifications & Experience:

• University degree in Finance, Accounting, Business, Engineering or a related field.
• Minimum 3 years of experience in financial analysis, estimating, pricing, or cost accounting, preferably in a manufacturing or defense environment.
• Must have working knowledge of computerized financial ERP applications; experience in manufacturing environment is an asset.
• Strong understanding of cost elements (labor, material, ODC, indirect rates, profit, etc.).
• Experience with ERP systems and advanced Excel (Pivot Tables, Lookups, Data Validation, etc.).
• Demonstrated attention to detail and ability to work under pressure in dynamic environments.
• Strong interpersonal, communication, and presentation skills.
• Proven ability to work independently, manage multiple priorities, and meet deadlines.
• Commitment to ethical standards, compliance, and continuous improvement.

Other Position Details:

ELCAN does not use artificial intelligence to screen, assess, or select applicants for our positions.

This position involves technologies regulated by the Canadian government’s Controlled Goods Program and the Contract Security Program. In order to obtain the required security clearance, candidates must be Canadian citizens or permanent residents of Canada, have resided in Canada for a minimum of five consecutive years, and meet all other program requirements.  Job offers will be conditional upon candidates undergoing a successful security screening per the Controlled Goods Regulations and the Contract Security Program.

ELCAN adheres to the principles of equal employment and welcome applications from all qualified persons. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Raytheon ELCAN will provide accommodations throughout the recruitment, selection, and/or assessment process to any applicants with disabilities. If you require disability-related accommodations, please contact Human Resources. All personal information is collected under the authority of the Freedom of Information and Protection of Privacy Act.

The salary range for this role is 54,000 CAD - 93,150 CAD . The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills. RTX offers a comprehensive benefits package that includes medical and dental coverage, disability benefits, a retirement savings program, and tuition assistance through RTX’s Employee Scholar Program. Eligibility for specific benefits is based on factors such as position level, employment type (e.g., temporary or permanent), and business unit, and will be discussed during the hiring process. Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether it is covered by a collective-bargaining agreement. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance. This job posting is not for an existing position vacancy.

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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