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Cost Engineer

4 months ago

Oxfordshire, United Kingdom Cedar Full time

Do you want to join an organisation that is responsible for working towards a zero carbon/net zero world for formula 1 racing by 2030? As a Cost Engineer for this exciting orgainsation you will be part of a developing cost engineering function, responsible for driving improvement ideas throughout the product life cycle, advising & implementing best practice in the cost engineering team - along with commercial, design & procurement functions alike and you will be involved from concept through to serial production. Ideal candidate will come from an automotive/manufacturing background and have components/commodity expertise and the cost controls required to deliver projects/products on time and considering value for money at every moment.

Operational Duties:

In depth understanding of various processes associated with complex commodities. An expert in several process types & commodities is key.
Delivering robust detailed and directional Should Costs (estimates).
Participating in the process of supplier selection and supplier strategy planning.
Supporting the development of cost models by commodity group suitable for anticipated production volumes.
Generating bespoke cost models to suit supplier processes from scratch.
Identifying and driving material/process/layout improvements to be promoted as product cost reduction ideas.
Identifying and discussing cost gaps with suppliers, taking the lead in negotiating cost reduction ideas or gaps to expectation with use of supporting market data.
Development of process improvements within the cost engineering, procurement & engineering functions to support a cohesive team working environment. (Stakeholder engagement is essential to driving improvement) Qualifications & Experience:

Strong knowledge of low & high-volume manufacturing processes and associated commercial cost drivers.
Experience in developing electrical & mechanical commodities alike.
Able to review and understand technical proposals, technical drawings, and specifications with the ability to translate these to non technical staff
Utilise CAD modelling software (Siemens Teamcenter or similar) to support identifying cost drivers.
Experience in using cost modelling software to create bottom up should costs.
Tooling cost driver knowledge also essential.
Ability to identify gaps in know-how, willing to learn and develop knowledge of new commodities.
Capable of developing and sharing cost engineering best practice methods with stakeholders.
Able to manage multiple projects.
A good understanding of cross functional roles within the procurement/supply chain structure would be beneficial.
The ability to demonstrate cross functional teamwork is critical.
Analysing and interpreting numerical data and reaching sound judgements and recommendations
Ability to work under own initiative and under pressure, in a controlled manner.
Excellent communication skills both written and verbal.
Able to present logical findings to various stakeholders key (Microsoft Excel and office skills)
Supplier visits are part of the role, so a clean driving license is essential. Hybrid working - 2 days on site in Oxfordshire offices

This job description is not exhaustive, and the job holder will be required to carry out from time-to-time tasks in addition to the above that will be both reasonable and within their capabilities