- Strategic Financial Target Setting Establish challenging yet achievable unit cost and investment targets at system/component levels
- Leverage benchmark data and historical cost information to inform target setting
- Collaborate with cross-functional teams to balance and secure buy-in for ambitious targets
- Define component target costs for ongoing and future product initiatives
- Technical and Financial Decision Support
- Guide design processes to meet cost targets through expert recommendations
- Influence cost reduction programs by providing critical technical and financial insights
- Conduct lean manufacturing assessments at supplier facilities to identify cost-saving opportunities
- Evaluate and authorise expenditures within specified authority limits
- Analyse supplier cost models to drive value-optimised negotiations
- Provide financial impact assessments for alternative design and manufacturing solutions
- Cost Data Management and Financial Performance Oversee preparation and presentation of financial performance reports
- Lead stakeholders in managing unit cost and investment targets
- Brief senior leadership on financial material cost reports and develop mitigation strategies
- Provide educational support to enhance process efficiency and productivity
- Continuous Improvement Initiatives Proactively identify and implement process improvements
- Support company-wide productivity enhancement efforts
Back to searchSenior Cost Engineer
Cameron Kennedy
Posted a day ago, valid for 17 days
Lancaster, Lancashire LA1 1RE
£25 - £30 per hour
Part Time
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Sonic Summary
- The position of Senior Financial Analyst - Product Cost Optimisation is available in North West England, offering a salary of £25 to £30 per hour.
- The role requires a strong focus on driving financial performance through strategic target setting and cost optimisation in support of product development.
- Candidates should have experience in establishing unit cost and investment targets, collaborating with cross-functional teams, and guiding design processes to meet cost objectives.
- This position also involves overseeing financial performance reports and managing unit cost targets while providing insights for cost reduction initiatives.
- Applicants should possess significant experience in financial analysis, particularly in product cost structures, with a strong emphasis on continuous improvement initiatives.
