Budget Analyst

4 days ago


Brackley, Northamptonshire, United Kingdom The Mercedes AMG-PETRONAS Formula One Team Full time
About the Role

We have an exciting new opportunity for a Cost Analyst to play a pivotal role in our team's future success. Working closely with the Design Office and Finance Team, you'll be responsible for establishing and maintaining development budgets, ensuring adherence to those budgets through weekly tracking, and contributing to scenario planning to deliver the best value for money propositions.

Key Responsibilities
  • Have a comprehensive understanding of F1 financial regulations.
  • Provide accurate costing information and analysis on F1 projects throughout their life cycles to facilitate decision making.
  • Plan and forecast cost estimates of car parts, assemblies, and systems.
  • Work with the supply chain to predict the total cost of components and activities.
  • Compile, monitor, and report on cost performance for the designated car area.
  • Drive cost reduction programmes in line with budget requirements.
  • Support tendering/quoting activities with detailed cost estimates and work with Purchasing on supplier management and communications.
  • Ensure good maintenance of financial data held within SAP, CAD, and the Cost Visualiser functions.
  • Perform variance analysis and develop effective strategies and recovery plans to bring cost in line with target budget.
Requirements
  • A background in Formula One or related field is essential.
  • Engineering experience with a sound knowledge of CAD design and familiarity with SAP is required.
  • Confidence with numerical analysis and strong communication and negotiation skills are necessary to work well with different functions across the organization.
  • A self-motivated team player with a winning mindset and passion for working with our team is ideal.
  • The ability to build stakeholder relationships and present complex information to a range of audiences is essential.
  • Ability to work independently and to strict deadlines is necessary.
Salary and Benefits

The estimated annual salary for this role is £60,000 - £80,000, depending on experience. Our benefits package includes a competitive bonus scheme, Mercedes car lease scheme, private medical cover, life assurance, and 25 days holiday. We also offer flexible working opportunities and a family-friendly environment.

We pride ourselves on creating an innovative, collaborative, and high-performance culture where all team members are respected, empowered, and valued. Through our Accelerate 25 programme, we are continuously working to make our team more diverse and inclusive.



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