Cost Analyst

We are seeking a highly skilled Cost Analyst to join our Finance team in the role of Cost Analyst - Engineering. As a key member of our team, you will be responsible for analysing, forecasting, and managing the costs associated with engineering projects and activities, ensuring cost efficiency without compromising on quality and performance.

• 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 within the engineering function
• Collaborate with engineering teams to identify and implement cost saving measures and financial insights to proposed process improvements
• Provide cost engineering support for new product development, from concept through to implementation, ensuring that cost targets are met
• Work closely with procurement, other finance colleagues, engineering and manufacturing teams to ensure integrated cost management across departments
• Identify cost related risks in engineering projects and develop mitigation strategies to ensure financial control
• 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
• Assist with budgeting and forecasting of insourcing projects

Requirements:

• 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
• 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 Aramco Formula One Team is a world-class organisation that 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.

What We Offer:

• Competitive package including 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
• Upcoming on-site gym with fitness, spin and yoga classes, and a new restaurant offering indoor and outdoor dining

Join Our Team:

We are an equal opportunities employer and welcome applications from all qualified candidates. If you are a motivated and talented individual who is passionate about cost engineering and wants to be part of a high-performing and collaborative team, please submit your application.