Analyzes, forecasts, and manages engineering project costs. Develops budgets, cost forecasts, reports, and KPI tracking while identifying cost drivers, risks, and savings opportunities. Partners with engineering, finance, procurement, manufacturing, and program teams to support new product development and financial decision-making. Translates technical information and engineering drawings into financial insight, presents recommendations to management, and supports cost-control initiatives.
We are looking for a highly analytical and driven Cost Analyst to join our team. In this role, you will analyse, forecast and manage the costs associated with engineering projects and activities, ensuring maximum cost efficiency without compromising quality or performance. Working closely with Engineering, Finance, Procurement and Operations, you will provide financial insight that supports strategic decision-making.
Key Responsibilities
- Partner with the Programme department on all costing activities.
- Conduct detailed cost analysis of engineering projects, identifying key cost drivers and opportunities for cost reduction.
- Develop and manage project budgets, ensuring alignment with wider financial objectives.
- Produce and maintain cost forecasts, providing accurate and timely information to support decision-making.
- Collaborate with engineering teams to identify and implement process improvements and cost-saving initiatives.
- Provide cost engineering support for new product development, from concept through to implementation.
- Work cross-functionally with procurement, finance, engineering and manufacturing teams to ensure integrated cost management.
- Generate regular cost reports, presenting insights and recommendations to management.
- Identify cost-related risks and develop mitigation strategies to maintain financial control.
- Manage and monitor KPI matrices for cost targets, challenging stakeholders to meet budget and reduction commitments.
- Chair, attend and actively participate in meetings as required.
- Work professionally and proactively in line with company processes and reporting structures.
- Support additional duties aligned with the role as reasonably required.
Skills, Knowledge and Expertise
- Experience in Formula One, high-level motorsport, or a similar high-performance engineering environment is desirable.
- Strong understanding of cost engineering processes and tools.
- Good working knowledge of engineering principles, processes and methodologies, with the ability to translate technical information into meaningful financial insight.
- Excellent analytical skills and attention to detail, with the ability to identify trends and forecast costs.
- Ability to interpret engineering drawings and translate them into financial data.
- Strong time management and organisational skills, with the ability to manage multiple priorities.
- Proactive, hands-on approach with high professional standards and accuracy.
- Strong communication skills, with the ability to present complex information clearly to stakeholders.
- Advanced proficiency in Microsoft Excel and Power BI.
- Experience with ERP systems is advantageous.
Benefits
Investing in your career is paramount. We promote professional and personal development through a provision of learning opportunities and work with you to shape your career and realise your full potential.
As part of our high-performing, collaborative team, you'll enjoy a competitive package, including a discretionary bonus scheme, private healthcare, pension plan, life assurance, TEDSgroup childcare benefits, a cycle-to-work scheme, tech scheme, and car scheme.
You will also have access to our state-of-the-art facilities at the AMR Technology Campus, featuring a new on-site gym with fitness, spin and yoga classes, a bistro café, and restaurant.
About
Embark on a journey with the Aston Martin Aramco Formula One Team to reshape history at our cutting-edge, sustainable campus in Northamptonshire. Combining our rich heritage with innovation, we bring fresh energy to the sport, driven by a commitment to challenge the status quo and dominate the track. With new investment fueling our ambitions, we're seeking talented individuals who share our passion for racing and drive for success. As part of our high-performing, collaborative team, you'll enjoy a competitive package, including a discretionary bonus scheme, private health care, pension plan, life assurance, and benefits like, cycle-to-work, tech, and car schemes. Plus, you can look forward to an on-site gym with fitness classes, as well as a restaurant offering indoor and outdoor dining.Aston Martin Formula One Team is committed to attracting, recruiting, and retaining the most talented individuals, regardless of age, disability, gender identity, gender expression, gender reassignment, marital or civil partnership status, pregnancy or maternity, race, religion, belief, sex or sexual orientation. We strive to be a Team that reflects all the communities with which we engage around the world through diversity in the workplace and promoting an inclusive culture in which all team members are respected, empowered and valued.
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