Aston Martin F1 Team

Official Formula One racing team

Senior Cost Engineering Analyst

Cost & Management AccountingPosted on Nov 10

Full-timeSilverstone, Towcester, UKNo salary listed

About the Job

Requirements

Proven experience in a senior cost engineering, cost analysis, or similar engineering finance role.
Experience within Formula One, high-level motorsport, or another fast-paced, high-performance engineering environment.
Strong understanding of engineering and manufacturing processes and the ability to translate technical information into meaningful financial data.
Experience developing cost models, estimating methodologies, and detailed cost forecasts.
Ability to interpret engineering part drawings and understand their cost implications.
Advanced Microsoft Excel and Power BI skills; experience using ERP systems is advantageous.
Experience mentoring, coaching, or providing technical guidance to colleagues.
Ability to challenge, influence, and communicate effectively with stakeholders at all levels.
Ability to manage competing priorities and deliver results under pressure.

Responsibilities

Lead detailed cost analysis across complex engineering projects, systems, and programmes, identifying opportunities to improve cost efficiency.
Develop, manage, and maintain engineering budgets, cost forecasts, and financial models.
Partner with Engineering and Programme teams to influence technical decisions through cost insight.
Drive value engineering, specification optimisation, and cost reduction initiatives from identification through delivery.
Review and challenge cost estimates, forecasts, and analysis to ensure accuracy and consistency.
Provide technical support, mentoring, and coaching to Cost Analysts.
Develop and improve cost models, estimation methodologies, and costing databases.
Identify and communicate cost risks and opportunities, providing recommendations to key stakeholders.
Produce and present cost reports to support business and programme decision-making.
Collaborate across Engineering, Manufacturing, Procurement, Finance, and Operations to deliver cost management.

We are looking for an experienced Senior Cost Engineering Analyst to join our Cost Engineering & Analysis team at our Technology Campus in Silverstone. This is an exciting opportunity for a commercially minded, analytically strong engineering professional to play a pivotal role in shaping cost strategy, influencing technical decisions and driving efficiency across our engineering and manufacturing programmes. Working closely with Engineering, Programme, Finance, Procurement and Operations teams, you will translate complex engineering requirements into meaningful financial insight, ensuring we deliver maximum value without compromising quality, innovation or performance. In this role you will act as a lead cost engineering partner for assigned programmes and technical areas, taking ownership of complex cost analysis, forecasting and budget management activities.

You will play a key role in identifying cost drivers, challenging assumptions and uncovering opportunities for optimisation, while ensuring robust financial insight is embedded throughout the engineering and programme delivery process.

Lead detailed cost analysis across complex engineering projects, systems and programmes, identifying opportunities to improve cost efficiency.
Develop, manage and maintain robust engineering budgets, cost forecasts and financial models.
Partner with Engineering and Programme teams to influence technical decisions through meaningful cost insight.
Drive value engineering, specification optimisation and cost reduction initiatives from identification through to delivery.
Review and challenge cost estimates, forecasts and analysis, ensuring accuracy and consistency.
Provide technical support, mentoring and coaching to Cost Analysts.
Develop and improve cost models, estimation methodologies and costing databases.
Identify and communicate cost risks and opportunities, providing recommendations to key stakeholders.
Produce and present insightful cost reports to support effective business and programme decision-making.
Collaborate across Engineering, Manufacturing, Procurement, Finance and Operations to deliver sustainable cost management.

Proven experience in a senior cost engineering, cost analysis or similar engineering finance role.
Experience within Formula One, high-level motorsport or another fast-paced, high-performance engineering environment.
A strong understanding of engineering and manufacturing processes and the ability to translate technical information into meaningful financial data.
Experience developing cost models, estimating methodologies and detailed cost forecasts.
The ability to interpret engineering part drawings and understand their cost implications.
Advanced Microsoft Excel and Power BI skills, with experience using ERP systems being advantageous.
Experience mentoring, coaching or providing technical guidance to colleagues.
Exceptional analytical skills, attention to detail and a commitment to delivering accurate, high-quality work.
The confidence to challenge, influence and communicate effectively with stakeholders at all levels.
A proactive, hands-on approach, with the ability to manage competing priorities and deliver results under pressure.

About the Company

Aston Martin F1 Team

Official Formula One racing team

Aston Martin F1 Team competes in the FIA Formula One World Championship as the Aston Martin Aramco F1 Team. It designs, builds, and races high-performance racing cars, combining a chassis, aerodynamics, and a hybrid power unit to compete on circuits around the world. The car uses a Mercedes-AMG High Performance Powertrains power unit with an energy-recovery system, and relies on a team of engineers, strategists, and pit crews to optimize performance during practice, qualifying, and races. What sets the team apart is its strong brand connection to Aston Martin, backed by major sponsor Aramco, a factory-based operation with racing heritage and a consistent focus on performance, reliability, and on-track results. The team’s goal is to win races and contend for World Championship titles while growing the Aston Martin brand and showcasing technology from its motorsport program.

Company size: 1,001-5,000
Company stage: Not listed
Total funding: Not listed
Headquarters: Silverstone, United Kingdom
Founded: 1922

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