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3 months ago
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
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 analyzing, forecasting, and managing the costs associated with engineering projects and activities, ensuring cost efficiency without compromising on quality and performance.
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 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.
- Generate regular cost reports and present findings to senior management, highlighting key insights and recommendations.
- Identify cost-related risks in engineering projects and develop mitigation strategies to ensure financial control.
- Assist in evaluating supplier cost structures to ensure cost-effective sourcing of materials and services.
- Support the finance business partner with tracking of actual costs throughout the month, providing visibility of actual cost impact from specific products/projects.
- Work with the ERP development team to review and improve methods of collating and presenting cost data.
- Provide a KPI matrix for cost targets, measuring departmental performance against budget stretch reduction commitments, challenging stakeholders where necessary.
- Assist with budgeting and forecasting of insourcing projects.
- Proficiency in cost engineering processes and tools.
- Engineering background or motorsport experience.
- Working knowledge of engineering processes, principles, and methodologies and ability to convert these into meaningful financial data and insights.
- High attention to detail and superb 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 and comfortable in a fast-paced and challenging environment.
- Effective verbal and written communication skills and 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.
We are an equal opportunities employer and welcome applications from all qualified candidates. If you would like to request reasonable adjustments, please complete our Request for Reasonable Adjustments form. We are committed to making our selection methods fair for all candidates.
