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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.
