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Cost Analyst

2 months ago


Silverstone, Northamptonshire, United Kingdom Aston Martin F1 Team Full time
Job Summary

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 be responsible for 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 to identify cost drivers and opportunities for reduction.
  • Develop and manage budgets for engineering projects to ensure alignment with overall financial objectives.
  • Create and maintain cost forecasts to provide 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.
  • Work closely with procurement, finance, 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.
  • 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.
Requirements
  • 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 superb analytical skills.
  • 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.
  • 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.
  • Advanced skills in Microsoft Office Suite, especially Excel and Power BI.
  • Experience with ERP systems is a plus.
What We Offer

Aston Martin F1 Team is committed to attracting, recruiting, and retaining the most talented individuals. We offer a competitive package, including a discretionary bonus scheme, contributory private health care, and personal pension plan. We also offer a range of benefits, including a car scheme, tech scheme, and cycle-to-work scheme. Our team is passionate about innovation and excellence, and we are looking for individuals who share our values.