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Cost Analyst
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Silverstone, United Kingdom Aston Martin F1 Team Full timeWe 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.Responsibilities:Partnering with Engineering department for all...
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Silverstone, United Kingdom Aston Martin F1 Team Full timeWe 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.Responsibilities:Partnering with Engineering department for all...
Cost Analyst
2 months ago
Job Summary:
Aston Martin F1 Team is seeking a highly skilled Cost Analyst - Value Stream & Process to join our Finance team. As a key member of our team, you will be responsible for leading the effort in optimizing cost efficiencies throughout the engineering and manufacturing value stream.
Key Responsibilities:
- Develop and maintain detailed value stream maps to identify key areas for cost reduction and provide financial insight to proposed process improvements
- Perform in-depth cost analysis across the entire value stream, identifying cost drivers, inefficiencies, and opportunities for savings
- Contribute and evaluate financial impact on initiatives to streamline manufacturing processes, and eliminate waste, with a view to reduce departmental spend
- Work closely with design, production, procurement, and quality teams to ensure integrated and cost-efficient processes
- Establish and monitor key performance indicators (KPIs) to track cost efficiency and process improvements across the value stream
- Develop and manage budgets for value stream projects, ensuring alignment with organisational financial goals
- Identify and mitigate cost-related risks within the value stream to ensure financial control and stability
- Support finance business partner with tracking of actual costs throughout the month, providing visibility of actual cost impact from specific products/projects
- 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
Requirements:
- Working knowledge of engineering processes, principles, and methodologies and ability to convert these into meaningful financial data and insights
- Ability to interpret part drawings and convert to meaningful financial data
- High professional standards including quality of work, accuracy, and attention to detail
- Advanced skills in Microsoft Office Suite, especially Excel and Power BI
About Us:
Aston Martin F1 Team is a world-class organization that blends rich heritage with innovation, bringing new energy to the sport and a determination to challenge the status quo. We're a high-performing and collaborative team that offers a competitive package, including a discretionary bonus scheme, contributory private healthcare, and personal pension plan, life assurance, TEDSgroup childcare benefits, cycle-to-work scheme, tech scheme, and a car scheme. We're 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.
