Cost Analyst

At the Mercedes-AMG Petronas Formula One Team, a group of passionate and determined people work to design, develop, manufacture and race the cars with the aim of fighting for world championships each and every year.

Whether working in our Operations, Technical, Race or Business Support functions, we are all in and aspire to build the greatest team in the history of our sport.

Every individual plays their part. No stone is left unturned in the chase for every tenth of a second. The history of our sport is long and rich, and we are continuing our journey with renewed effort year on year. Record books remember the names of a few, but history is written by the many.

 

About the Role:

We have an exciting new Cost Analyst opportunity that will play a pivotal role in our team’s future success. Working closely with the Design Office and the Finance Team, you’ll be responsible for establishing and maintaining development budgets, ensuring adherence to those budgets through weekly tracking, and play a key role in scenario planning to deliver the best value for money propositions.

This role will get involved in estimating, monitoring and forecasting costs on Formula 1 car projects, seeking the optimum balance between cost, quality and time requirements. You will also be responsible for assessing the financial viability of car upgrades and project development throughout the season.

 

Key Accountabilities (Duties):

Business Partnering with a specific design department within the Design Office, you will:

• Have a comprehensive understanding of the F1 financial regulations.
• Provide accurate costing information and analysis on F1 projects throughout their life cycles to facilitate decision making
• Plan and forecast cost estimates of car parts, assemblies and systems.
• Work with the supply chain to predict the ‘total cost’ of components and activities.
• Compile, monitor and report on cost performance for the designated car area.
• Drive cost reduction programmes in line with budget requirements
• Support tendering/quoting activities with detailed cost estimates, and work with Purchasing on supplier management and communications.
• Ensure good maintenance of financial data held within SAP, CAD and the Cost Visualiser functions.
• Perform variance analysis and develop effective strategies and recovery plans to bring cost in line with target budget.
• Work with Finance and other Cost Analysts to ensure consistency of approach and methodologies, aligning processes and standardising practices.

 

Candidate Profile

Essential:

• The ideal candidate would have a background in Formula One.
• Engineering, have a sound knowledge of CAD design and be familiar with SAP.
• You must be confident with numerical analysis and have good communication and negotiations skills, to work well with different functions across the organization.
• We are looking for a self-motivated, team player that is passionate about working for our team and has a winning mindset.
• You should have the ability to build stakeholder relationships and be able to present complex information to a range of audiences.
• You will be able to work independently and to strict deadlines.

 

Benefits:

Our riverside campus is powered by 100% renewably sourced energy and features an on-site gym and exercise studio, subsidised restaurant and on-site parking with EV chargers available.

We offer a competitive and attractive package of benefits including a generous bonus scheme, Mercedes car lease scheme, private medical cover, life assurance and 25 days holiday. We pride ourselves on our family-friendly environment, employee well-being programme and offer flexible working opportunities.

 

Why us:

At the heart of our performance are our people. Every member of our team has a voice and plays their part in contributing to our successes on and off the racetrack. We take pride in creating an innovative, collaborative and high-performance culture where all of our team members are respected, empowered and valued.

Through our Accelerate 25 programme, we are continuously working to make our team even more diverse and inclusive. Whatever your background, we believe that you will find working with us rewarding and enriching.

 

Your application:

We will ask you to complete a questionnaire as well as submitting a cover letter and CV. Please note if you would like to include a cover letter please upload it with your CV as one PDF document.

This role also requires candidates to take a psychometric test. Please note that upon submission of your application you will be emailed with a link to the test and have 7 days to complete the required test.

 

Closing Date: 7th January 2025