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Cost Management Specialist
2 months ago
We are seeking a highly skilled Cost Analyst - Engineering to join our Finance team at Aston Martin F1 Team. As a key member of our team, you will play a crucial role in analyzing, forecasting, and managing costs associated with engineering projects and activities.
Key Responsibilities- Partner with the Engineering department to ensure accurate costing and budgeting for all projects.
- Conduct detailed cost analysis of engineering projects, identifying cost drivers and opportunities for reduction.
- Develop and manage budgets for engineering projects, ensuring alignment with overall financial objectives.
- Create and maintain cost forecasts, providing accurate and timely information to support strategic decision making.
- Collaborate with engineering teams to identify and implement cost-saving measures and financial insights.
- Provide cost engineering support for new product development, ensuring cost targets are met.
- Work closely with procurement, finance, and manufacturing teams to ensure integrated cost management.
- Generate regular cost reports and present findings to senior management.
- Identify cost-related risks in engineering projects and develop mitigation strategies.
- Assist in evaluating supplier cost structures to ensure cost-effective sourcing of materials and services.
- Support the finance business partner in tracking actual costs and providing visibility of actual cost impact.
- Work with the ERP development team to review and improve methods of collating and presenting cost data.
- Provide KPI matrix for cost targets, measuring departmental performance against budget stretch reduction commitments.
- Proficiency in cost engineering processes and tools.
- Engineering background or experience in a related field.
- Working knowledge of engineering processes, principles, and methodologies.
- High attention to detail and 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 prioritize tasks, with excellent time management skills.
- Well-developed organizational skills.
- Hands-on practical approach.
- High professional standards, including quality of work, accuracy, and attention to detail.
- Calm and confident under pressure, comfortable in a fast-paced and challenging environment.
- Effective verbal and written communication skills, with 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.
