Process Efficiency Expert
7 days ago
We are seeking a highly skilled Cost Optimization Specialist to join our Finance team at Aston Martin F1 Team. As a key member of our team, you will be responsible for leading the effort in optimizing cost efficiencies throughout the engineering and manufacturing value stream.
Key Responsibilities- Value Stream Mapping: Develop and maintain detailed value stream maps to identify key areas for cost reduction and provide financial insight to proposed process improvements.
- Cost Analysis: Perform in-depth cost analysis across the entire value stream, identifying cost drivers, inefficiencies, and opportunities for savings.
- Process Improvement: Contribute and evaluate financial impact on initiatives to streamline manufacturing processes, and eliminate waste, with a view to reduce departmental spend.
- Cross Functional Collaboration: Work closely with design, production, procurement, and quality teams to ensure integrated and cost-efficient processes.
- Performance Metrics: Establish and monitor key performance indicators (KPIs) to track cost efficiency and process improvements across the value stream.
- Budget Management: Develop and manage budgets for value stream projects, ensuring alignment with organizational financial goals.
- Supplier Coordination: Collaborate with procurement to evaluate supplier cost structures and ensure cost-effective sourcing.
- Reporting: Generate regular reports and presentations for senior management, highlighting cost savings.
- Risk Management: Identify and mitigate cost-related risks within the value stream to ensure financial control and stability.
- Support Finance Business Partner: With tracking of actual costs throughout the month, providing visibility of actual cost impact from specific products/projects.
- Working in Alignment with Cost Engineers: To ensure seamless collaboration and effective cost optimization.
- 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: To ensure accurate financial planning and decision-making.
- Proficiency in Cost Engineering Processes and Systems: To ensure effective cost optimization and process improvement.
- Engineering Background/Motorsport/F1: To bring a deep understanding of engineering principles and processes to the role.
- Working Knowledge of Engineering Processes, Principles, and Methodologies: To convert these into meaningful financial data and insights.
- 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: To ensure accurate cost analysis and process improvement.
- Ability to Multitask and Prioritize Tasks: With excellent time management skills.
- Well-Developed Organizational Skills: To ensure seamless collaboration and effective cost optimization.
- Hands-on Practical Approach: To drive process improvement and cost reduction.
- High Professional Standards: Including quality of work, accuracy, and attention to detail.
- Calm and Confident Under Pressure: To ensure effective decision-making and cost optimization.
- Effective Verbal and Written Communication Skills: To present complex information clearly to stakeholders.
- Advanced Skills in Microsoft Office Suite, Especially Excel and Power BI: To ensure effective data analysis and presentation.
- Experience with ERP Systems: A plus to ensure seamless integration and cost optimization.
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