The Cost Engineer is responsible for internal financial analysis focused on the cost of the car. The team plays a critical role in optimising and improving the costs of Formula 1 inventories through detailed analysis to ensure financially efficient design, production and high‑quality output. You will gather data from across the business and interpret it, working closely with cross‑functional teams to report cost implications and identify areas for improvement, process enhancements and opportunities to drive operational excellence.
Main Duties:
Analyse the design of components with production acumen to estimate the cost of p arts and understand the total cost of manufacturing the car.
Estimate project budget requirements and tailor the reporting to provide the most important insight to each department.
Analyse the cost driver and lever to assist the engineering and production teams to improve the design, development, and optimization of the manufacturing processes and procedures to reduce the cost of production.
Through analysis of cost data, to provide financial insights that can be used to develop strategies to achieve higher efficiency.
Conduct root cause analysis on cost variance s and make recommendations for corrective actions.
Monitor and analyse production financial data to identify trends, patterns, and opportunities for improvement in cost management.
Collaborate with suppliers and vendors to understand and evaluate the financial impact of adopting new equipment, materials, and technologies.
Participate in cross-functional teams as the finance subject matter expert to support new process and continuous improvement projects.
Stay up to d ate with the latest advancements in costing and contribute to a culture of innovation and knowledge sharing.
Support the business' initiative s to deliver car performance through cost cap optimisation whilst maintaining compliance.
Support with development and d e livery of training and education programs to the busine ss to improve financial efficiency
Core Competencies:
General understanding of CFRP manufacturing processes.
Experience of ana lysing cost, processes, or project management skills.
Rigorous approach to data analysis and interpretation.
Good communications skills with the ability to influence, collaborate and communicate with cross-functional teams and stakeholders at all levels in the organization.
Curious and enthusiastic to challenge the status quo whilst ensuring compliance.
Agile mindset and flexible approach to comply with ever changing fast-paced environment.
Company Description
For almost 50 years, Williams has been at the forefront of one of the fastest sports on the planet, being one of the top three most successful teams in history competing in the FIA Formula 1 World Championship. With an almost unrivalled heritage of engineering and racing F1 cars and unforgettable eras that demonstrate it is a force to be reckoned with, the British squad boasts 16 F1 World Championship titles to its name.
Since its foundation in 1977 by the eminent, late Sir Frank Williams and engineering pioneer Sir Patrick Head, the team has won nine Constructors' Championships, in association with Cosworth, Honda and Renault. Its roll call of drivers is legendary, with its seven Drivers' Championship trophies being lifted by true icons of the sport: Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve. The team has made history before and is out to make it again with a long-term mission to evolve and return to the front of the grid.
Qualifications
Mechanical, Industrial or Management Engineering degree.
Experience in a prototype manufacturing environment or similar.
Additional Information
We fuel our team with a competitive benefits package, including generous holidays, vibrant staff events, a subsidised onsite restaurant, and a range of car schemes. Stay energised with 24/7 access to our gym and free fitness classes like outdoor boot camps, Pilates, and Yoga. With free parking and sprawling green spaces, you've got the perfect space to recharge and refocus.
Join a fast-paced, future-thinking team that's driving innovation and pushing past engineering boundaries
Atlassian Williams F1 Team is an equal opportunity employer that values diversity and inclusion. We are happy to discuss reasonable job adjustments.