The company:
Williams’ core competencies are the design and development of racing cars to compete in the Formula One World Championship. As one of the world's leading Formula One teams, the company has secured 16 FIA Formula One World Championship titles since its foundation in 1977 and is now moving into an exciting era under new ownership defined by relentless innovation and living sustainable performance in every dimension.
We are looking for a Cost Engineer - Composites to join our growing Finance team.
As a Cost Engineer you will be responsible for the internal financial analysis focussed on the cost of components. You will work closely with cross-functional teams to perform financial analysis which identifies areas for improvement, process enhancements and drive operational excellence.
As a Cost Engineer, you will:
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Analyse the design of components with production acumen to estimate the cost of p arts and understand the total cost of manufacturing the car.
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Develop costing methodologies to capture the best costing information and tailor the reporting to provide the most important insight to each departments.
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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.
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Through analysis of cost data, to provide financial insights that can be used to develop strategies to achieve higher efficiency.
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Conduct root cause analysis on cost variance s and make recommendations for corrective actions.
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Monitor and analyse production financial data to identify trends, patterns, and opportunities for improvement in cost management.
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Collaborate with suppliers and vendors to understand and evaluate the financial impact of adopting new equipment, materials, and technologies.
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Participate in cross-functional teams as the finance subject matter expert to support new process and continuous improvement projects.
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Stay up to d ate with the latest advancements in costing and contribute to a culture of innovation and knowledge sharing.
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Support the business’ initiative s to deliver car performance through cost cap optimisation whilst maintaining compliance.
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Support with development and d e livery of training and education programs to the busine ss to improve financial efficiency
As a Cost Engineer, you’ll:
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Experience in a prototype manufacturing environment or similar.
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General understanding of CFRP manufacturing processes.
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Experience of ana lysing cost, processes, or project management skills.
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Rigorous approach to data analysis and interpretation.
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Good communications skills with the ability to influence, collaborate and communicate with cross-functional teams and stakeholders at all levels in the organization.
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Curious and enthusiastic to challenge the status quo whilst ensuring compliance.
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Agile mindset and flexible approach to comply with ever changing fast pace environment.
What can Williams offer?
The Williams Group is based in multi acre complex located in Grove, Oxfordshire. The Williams Group offers a competitive holiday package, staff events/open days, a subsidised restaurant on site and various car schemes. We have an on-site gym (open 24 hours a day) as well as various fitness classes including outdoors bootcamps, pilates and yoga free for all staff and contractors to use. Aside from these benefits we can offer free onsite parking and large open green spaces to unwind during breaks. We are a based just 30 mins from Oxford City Centre by bus.
Williams is an equal opportunity employer that values diversity and inclusion. We are happy to discuss reasonable job adjustments