Cost Engineer

Atlassian Williams F1 Team; Grove; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading Formula 1 team in the UK seeks a Cost Engineer to optimize costs through detailed financial analysis and collaboration across departments. Key responsibilities include estimating project budgets, analyzing cost drivers, and providing financial insights to enhance operational efficiency. Candidates should have a degree in Mechanical, Industrial or Management Engineering and experience in prototype manufacturing. A competitive benefits package and a vibrant team culture are offered, fostering innovation in a fast-paced environment.

Benefits

Competitive benefits package

Generous holidays

Subsidised onsite restaurant

24/7 gym access

Qualifications

• Experience in a prototype manufacturing environment or similar.

Responsibilities

• Analyse the design of components with production acumen to estimate the cost.
• Estimate project budget requirements tailored to departmental needs.
• Conduct root cause analysis on cost variances and recommend actions.
• Collaborate with suppliers to evaluate financial impacts of new technologies.

Education

Mechanical, Industrial or Management Engineering degree

Job description

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 requirementsand tailor the reporting toprovidethe most important insight to each department.
• Analyse the cost driver and lever toassistthe 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, toprovidefinancial 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 toidentifytrends, patterns, and opportunities for improvement in cost management.
• Collaborate with suppliers and vendors to understand and evaluate thefinancial impactof adopting newequipment, 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 whilstmaintainingcompliance.
• 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 tocomply withever changingfast‑pacedenvironment.

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 Engineeringdegree.

• 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.