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Engineering Cost 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- Cost Analysis: Conduct detailed cost analysis of engineering projects, identifying cost drivers and 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, providing accurate and timely information to support strategic decision making within the engineering function.
- Process Optimization: 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, ensuring that cost targets are met.
- Cross-Functional Collaboration: Work closely with procurement, finance, 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.
- Financial Analysis: Support finance business partners with tracking of actual costs throughout the month, providing visibility of actual cost impact from specific products/projects.
- Engineering Background: Proficiency in cost engineering processes and tools, with an engineering background or experience in motorsport/F1.
- Financial Analysis: Working knowledge of engineering processes, principles, and methodologies, and ability to convert these into meaningful financial data and insights.
- Analytical Skills: High attention to detail and superb analytical skills, including competence in identifying trends and forecasting costs.
- Communication Skills: Effective verbal and written communication skills, with ability to present complex information clearly to stakeholders.
- Technical Skills: Advanced skills in Microsoft Office Suite, especially Excel and Power BI, with experience with ERP systems a plus.
Aston Martin F1 Team is a leading player in the world of motorsport, with a rich heritage and a commitment to innovation. We are seeking talented individuals who share our passion for racing and drive for success. As a member of our team, you will have the opportunity to work with a high-performing and collaborative team, and benefit from a competitive package, including a discretionary bonus scheme, contributory private health care, and personal pension plan.
We are 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.
