About the role
The Lifecycle Cost Analysis (LCCA) Engineer is responsible for assessing and optimizing the total cost of ownership of products, systems, services, and fleets across their operational lifecycle. The role combines engineering understanding, cost modelling, reliability insights, data analytics, and stakeholder engagement to support robust business decisions for maintenance, product improvement, service strategy, and customer proposals.
Key Responsibilities:
Lifecycle Cost Modelling: Develop, maintain, and improve lifecycle cost models covering acquisition, operation, maintenance, repair, overhaul, modification, and disposal phases
Cost Analysis & Forecasting: Analyze historical cost, maintenance, shop visit, reliability, and operational data to identify trends, forecast future cost exposure, and support planning decisions.
Reliability & Maintenance Cost Assessment: Quantify the cost impact of reliability issues, component failures, maintenance burden, service disruptions, and engineering changes
Engineering Decision Support: Support trade-off studies by comparing cost, performance, reliability, risk, safety, maintainability, and customer value impacts.
Business Case Support: Prepare cost-benefit analyses for product improvements, repair solutions, maintenance schedule changes, and service optimization initiatives.
Data Analytics & Reporting : Build dashboards, structured reports, and automated summaries using Excel, Power BI, Python, or similar tools to improve insight generation and governance.
Stakeholder Engagement : Present lifecycle cost insights to engineering, finance, product support, customer operations, commercial teams, and senior stakeholders
Proposal & Statement-of-Work Support: Provide assumptions, risks, effort estimates, deliverables, and cost-analysis inputs for proposals, RFQs, and customer reviews.
Core Deliverables
· Lifecycle cost models and total cost of ownership assessments.
· Maintenance cost forecasts, fleet cost projections, and operating scenario comparisons.
· Reliability cost impact assessments and maintenance burden analysis reports.
· Cost trade-off studies for product changes, repair options, and service strategies.
· Cost reduction business cases with assumptions, risks, benefits, and sensitivity analysis.
· Customer-ready presentations and reports summarizing cost drivers and recommendations.
Typical Aerospace Application Areas
· Engine maintenance cost analysis and shop visit cost modelling.
· Fleet lifecycle economics and long-term operating cost forecasts.
· Reliability improvement business cases and maintenance burden reduction.
Education: Bachelor's degree in Aerospace, Mechanical, Industrial, Systems Engineering, Data Analytics, Economics, or a related discipline. Master's degree is preferred.
Experience: 3-10+ years in lifecycle engineering, cost engineering, reliability engineering, product support, maintenance planning, asset management, or fleet analytics.
Domain Knowledge: Understanding of complex engineering products, maintenance concepts, repair processes, operational performance, and cost drivers.
Customer Exposure: Ability to support customer discussions, technical reviews, proposal inputs, and cross-functional decision forums.
Key Competencies
· Strong analytical thinking with the ability to convert complex data into actionable engineering and business insights.
· Commercial awareness and ability to balance cost, risk, quality, reliability, and customer value.
· High attention to detail, especially when documenting assumptions, limitations, and cost drivers.
· Clear communication skills for technical, commercial, and leadership audiences.
· Structured problem solving and evidence-based decision making.
· Collaborative working style across engineering, finance, operations, customer, and leadership teams.