Cost Management Specialist

3 days ago


Brackley, Northamptonshire, United Kingdom The Mercedes AMG-PETRONAS Formula One Team Full time
Job Title: Cost Management Specialist

About Us:
The Mercedes-AMG Petronas Formula One Team is a world-renowned organization that strives for excellence in the field of Formula 1 racing. We are dedicated to designing, developing, and manufacturing high-performance cars that can compete at the highest level.

About the Role:
We are seeking an experienced Cost Management Specialist to join our team. As a key member of our operations, you will be responsible for establishing and maintaining development budgets, ensuring adherence to those budgets through weekly tracking, and playing a key role in scenario planning to deliver the best value for money propositions. Your primary focus will be on estimating, monitoring, and forecasting costs on Formula 1 car projects, seeking the optimum balance between cost, quality, and time requirements.

Key Responsibilities:
* Business Partnering with a specific design department within the Design Office, you will have a comprehensive understanding of the 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* Compile, monitor, and report on cost performance for the designated car area* 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* Work with Finance and other Cost Analysts to ensure consistency of approach and methodologies, aligning processes and standardising practices* Engineering, have a sound knowledge of CAD design and be familiar with SAP* You must be confident with numerical analysis and have good communication and negotiation skills, to work well with different functions across the organization.

Benefits:
We offer a competitive and attractive package of benefits including a generous bonus scheme, Mercedes car lease scheme, private medical cover, life assurance, and 25 days holiday. We pride ourselves on our family-friendly environment, employee well-being programme, and offer flexible working opportunities. Our riverside campus is powered by 100% renewably sourced energy and features an on-site gym and exercise studio, subsidised restaurant, and on-site parking with EV chargers available.

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