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Cost Analyst
2 months ago
We have a new opportunity to be part of our Finance team in the role of Cost Analyst - Engineering with the purpose of analysing, forecasting, and managing the costs associated with engineering projects and activities, ensuring cost efficiency without compromising on quality and performance.
Experience, qualification, and soft skills, have you got everything required to succeed in this opportunity Find out below.
Responsibilities:
- Partnering with Engineering department for all costing activities.
- Cost Analysis: Conduct detailed cost analysis of engineering projects, identifying cost drivers and owning opportunities for reduction
- Budget Management: Develop and manage budgets for engineering projects, ensuring alignment with overall financial objectives
- Cost Forecasting: Create and maintain cost forecasts (including regular forecast requirements), providing accurate and timely information to support strategic decision making within the engineering function
- Process and Specification Optimisation: Collaborate with engineering teams to identify and implement cost saving measures and financial insights to proposed process improvements
- Project Support: Provide cost engineering support for new product development, from concept through to implementation, ensuring that cost targets are met
- Cross Functional Collaboration: Work closely with procurement, other finance colleagues, engineering and manufacturing teams to ensure integrated cost management across departments
- Reporting: Generate regular cost reports and present findings to senior management, highlighting key insights and recommendations.
- Risk Management: Identify cost related risks in engineering projects and develop mitigation strategies to ensure financial control.
- Supplier Evaluation: Assist in evaluating supplier cost structures to ensure cost effective sourcing of materials and services
- Support finance business partner with tracking of actual costs throughout the month, providing visibility of actual cost impact from specific products/projects.
- Working in alignment with Cost and Value Engineers
- Work with ERP development team to review and improve methods of collating and presenting cost data
- Provide KPI matrix for cost targets, measuring departments performance against budget stretch reduction commitments, challenging stakeholders where necessary.
- Assist with budgeting and forecasting of insourcing projects.
- Any other duties as reasonably requested by the Company.
Skills & Knowledge Required
- Proficiency in cost engineering processes and tools
- Engineering background / motorsport / F1
- Working knowledge of engineering processes, principles and methodologies and ability to convert these into meaningful financial data and insights
- High attention to detail and superb analytical skills, including competence in identifying trends and forecasting costs
- Ability to interpret part drawings and convert to meaningful financial data
- Ability to multitask and prioritise tasks, with excellent time management skills
- Well-developed organisational skills
- Have a hands on practical approach
- High professional standards including quality of work, accuracy and attention to detail
- Calm and confident under pressure and comfortable in a fast-paced and challenging environment
- Effective verbal and written communication skills and ability to present complex information clearly to stakeholders
- Advanced skills in Microsoft Office Suite, especially Excel and Power BI.
- Experience with ERP systems is a plus.
Embark on a journey with Aston Martin Aramco® Formula One Team to reshape history at our brand new state-of-the-art, sustainable campus based in Northamptonshire. We blend our rich heritage with innovation, bringing new energy to the sport and a determination to challenge the status quo. Fuelled by fresh investment and commitment, we're poised to dominate the track and establish ourselves as a competitive force. To succeed on this mission, we're looking for talented individuals who share our passion for racing and drive for success.
Not only will you be part of a high-performing and collaborative team, you will also benefit from a competitive package which includes a discretionary bonus scheme, contributory private health care and personal pension plan, life assurance, TEDSgroup childcare benefits, cycle-to-work scheme, tech scheme, and a car scheme. Additionally, we have an upcoming on-site gym with fitness, spin and yoga classes, and a new restaurant offering indoor and outdoor dining.
Join us in an exciting and rewarding environment, where you'll play a crucial role in shaping Aston Martin's legacy in motorsport - apply now and be part of the racing revolution
Aston Martin Formula One Team is committed to attracting, recruiting, and retaining the most talented individuals, regardless of age, disability, gender identity, gender expression, gender reassignment, marital or civil partnership status, pregnancy or maternity, race, religion, belief, sex or sexual orientation. We strive to be a Team that reflects all the communities with which we engage around the world through diversity in the workplace and promoting an inclusive culture in which all team members are respected, empowered and valued.
Aston Martin Aramco® Formula One Team is committed to making sure our selection methods are fair for all. If you would like to request that reasonable adjustments are made, please complete our Request for Reasonable Adjustments form here.
