Cost Engineer – F1 Automotive/Engineering – Net Zero Permanent

Do you want to join an organisation that is responsible for working towards a zero carbon/net zero world for formula 1 racing by 2030? As a Cost Engineer for this exciting orgainsation you will be part of a developing cost engineering function, responsible for driving improvement ideas throughout the product life cycle, advising & implementing best practice in the cost engineering team – along with commercial, design & procurement functions alike and you will be involved from concept through to serial production. Ideal candidate will come from an automotive/manufacturing background and have components/commodity expertise and the cost controls required to deliver projects/products on time and considering value for money at every moment.

Operational Duties:

• In depth understanding of various processes associated with complex commodities. An expert in several process types & commodities is key.
• Delivering robust detailed and directional Should Costs (estimates).
• Participating in the process of supplier selection and supplier strategy planning.
• Supporting the development of cost models by commodity group suitable for anticipated production volumes.
• Generating bespoke cost models to suit supplier processes from scratch.
• Identifying and driving material/process/layout improvements to be promoted as product cost reduction ideas.
• Identifying and discussing cost gaps with suppliers, taking the lead in negotiating cost reduction ideas or gaps to expectation with use of supporting market data.
• Development of process improvements within the cost engineering, procurement & engineering functions to support a cohesive team working environment. (Stakeholder engagement is essential to driving improvement)

Qualifications & Experience:

• Strong knowledge of low & high-volume manufacturing processes and associated commercial cost drivers.
• Experience in developing electrical & mechanical commodities alike.
• Able to review and understand technical proposals, technical drawings, and specifications with the ability to translate these to non technical staff
• Utilise CAD modelling software (Siemens Teamcenter or similar) to support identifying cost drivers.
• Experience in using cost modelling software to create bottom up should costs.
• Tooling cost driver knowledge also essential.
• Ability to identify gaps in know-how, willing to learn and develop knowledge of new commodities.
• Capable of developing and sharing cost engineering best practice methods with stakeholders.
• Able to manage multiple projects.
• A good understanding of cross functional roles within the procurement/supply chain structure would be beneficial.
• The ability to demonstrate cross functional teamwork is critical.
• Analysing and interpreting numerical data and reaching sound judgements and recommendations
• Ability to work under own initiative and under pressure, in a controlled manner.
• Excellent communication skills both written and verbal.
• Able to present logical findings to various stakeholders key (Microsoft Excel and office skills)
• Supplier visits are part of the role, so a clean driving license is essential.

Hybrid working – 2 days on site in Oxfordshire offices

This job description is not exhaustive, and the job holder will be required to carry out from time-to-time tasks in addition to the above that will be both reasonable and within their capabilities.