What to Expect
The Cost Engineering role will be focused on a specific commodity area, and will be split across two key activities:
Future programme and commodity cost estimation: This will involve preliminary cost analysis against very early technical concepts, supporting early Programme financial reporting and budget setting. This would be on both a component & system basis, as well as on a platform basis. As technical content & specifications mature, Senior Cost Engineers will also be required to undertake detailed bottom-up cost estimations, helping to ensure design-to-cost principles are upheld, whilst also supporting Supplier cost gap analysis, and the negotiation and nomination process.
Working in tandem with the cross-functional Cost Reduction team, supporting any cost reduction activities with estimations and should costs to help identify and deliver cost reduction opportunities and initiatives across all vehicles within function group scope.
The successful candidate will be working as part of a high performing and agile team, directly reporting into the a Cost Engineering Manager within the Finance department. Cross functional engagement with our Finance, Purchasing, Engineering, Quality and Production Teams is vital for successful delivery and performance.
What You'll Do
Support the business delivering detailed cost targets for sourcing strategy on future programs, as well as supporting on-going negotiations on current production vehicles, identifying key cost drivers and prioritising key discussion point with suppliers.
Mandatory knowledge of creating cost estimates from base, without the aid of proprietary calculation software, having a scientific and demonstrable approach to the costing methodology assumptions.
Support ad-hoc requests for cost breakdown verification and high-level costing for engineering changes.
Lead categorising suppliers in the business by creating a map of supplier capabilities and capacities to ensure sourcing is done on Best-In-Class industry actors.
Ensure productivity targets are defined with incumbent suppliers and negotiate along with the commodity team to guarantee its delivery.
Lead lean manufacturing and productivity optimisation studies; resulting in actions to guarantee incumbent suppliers adhere to best manufacturing practises and process flow.
Maintain and improve upon internal databases for materials, labour & facilities; tracking economic changes over time, ensuring up to date market data with verifiable sources.
Develop and improve upon internally created tools and calculation templates to ensure consistency on the delivered estimates and guarantee continuity of costing practises.
Create and present training material on manufacturing processes and commodities for new cost engineers, buyers and any other stakeholders involved.
What You'll Bring
Ability to work in highly competitive and driven environment.
Have a structured approach and organised mindset to problem resolution.
Comprehension of engineering designs and supplier quotations, being able to deduce misalignment on manufacturing processes and inconsistencies with market data.
Proficiency using CAD system's visualisation software, identifying component materials, GD&T dimensional tolerances and be able to infer manufacturing process flow.
Tailor costing assumptions based on low-volume scenarios, highly specialised manufacturing and limited industry participants.
Ability to create side-by-side quotation comparisons and waterfalls, identifying key cost drivers, explaining cost gaps and prioritising areas of focus during supplier negotiations.
Advanced knowledge of Microsoft Office Suite, with emphasis on datasets and calculation templates (Excel) & creating clear and visual reports to guide business stakeholders with punctual results (PowerPoint).
Preferred knowledge on lean manufacturing, Kaizen and movement studies.
What We'll Do for You
We offer a wide – ranging benefits package, which includes:
Structured career development framework
25 days' holiday, plus bank holiday. Annual buy & sell up to five days
Enhanced company pension scheme
Discretionary annual bonus award
Private medical insurance and health cash plan
Life assurance benefit
Ability to apply for a sabbatical of up to one year after only two years' service
Benefits you can adapt to your lifestyle, such as discounted shopping
Generous parental leave policies
A range of wellbeing initiatives, such as employee assistance programme and free financial & mortgage advice
Who Are We?
No restraints. No limitations. We don't simply push boundaries. We completely rethink them. McLaren Automotive exists to create breath-taking performance road cars.
It takes a community to do what we do. A diverse group of people with many areas of expertise, united by their passion to deliver visionary products and set new benchmarks.
McLaren Automotive commits to equal opportunity for all. Diversity, Equality and Inclusion is at the heart of our impact, it drives our innovation and enables us to truly create something special. Join us on our journey.