Cost Engineer

Cadillac Formula 1® Team; Silverstone; On-site; GBP 70,000 - 90,000; Full time

Job summary

Cadillac Formula 1® Team is seeking a Cost Engineer to provide financial insight into cost drivers of components and assemblies, contributing to cost reduction initiatives across the lifecycle of a part. Reporting to the Head of Programmes, you will build detailed cost models and influence design-for-cost decisions.

The role requires proven cost engineering or financial analysis experience within Formula 1 or high-performance manufacturing, strong analytical skills, and familiarity with ERP

Qualifications

• Proven experience in cost engineering, cost control, or financial analysis within Formula 1 or high-performance manufacturing environments.
• Strong understanding of engineering and manufacturing processes and how design choices affect cost, lead time and efficiency.
• Highly analytical with a continuous improvement mindset and audit-level attention to detail.
• Experience using ERP/finance systems and cost tracking tools in engineering-led organisations.
• Comfortable working with engineering drawings, BoMs, manufacturing routings, and project structures.
• Proactive, organised and resilient in a fast-paced Formula 1 environment.

Responsibilities

• Assist with early phase project and part cost estimation to support programme evaluation and cost targets.
• Influence design-for-cost by assessing cost impacts of materials, manufacturing methods, tolerances and lifecycle.
• Drive cost efficiency by identifying cost drivers, inefficiencies and non-value adding activities in engineering, manufacturing and supply chain processes.
• Develop and maintain detailed cost models for components, assemblies, tooling and programmes including labour, machine time, materials and overhead.

Skills

Cost engineering

Financial analysis

Analytical mindset

Attention to detail

Cost estimation

Tools

ERP / finance systems

Job description

Description

Closing Date: Friday 14th August 2026

Fueled by bold ambition

A Cost Engineer at Cadillac Formula 1® team plays an important role within the Programme Office, providing financial insight to key cost drivers of components and assemblies, as well as data-driven analysis to identify cost reduction initiatives across the lifecycle of a part. Reporting to the Head of Programmes, the output of the Cost Engineers role will contribute to informed decision‑making, greater cost efficiency, and strong cost predictability. Detail-oriented, with a strong understanding of engineering and manufacturing processes, that helps influence design-for-cost considerations. The greater our cost efficiency, the more performance we can add to the car.

Key responsibilities

• Assist with early phase project and part cost estimation to support programme evaluation, enabling accurate cost vs performance tradeoffs, and alignment with season cost targets and Cost Cap constraints
• Influence design for cost considerations by working with engineers to assess the cost impacts of materials, manufacturing methods, part complexity, tolerances, and lifecycle
• Drive cost efficiency by identifying cost drivers, inefficiencies, and non-value adding activities within engineering, manufacturing, and supply chain processes
• Develop and maintain detailed cost models for components, assemblies, tooling, and programmes, incorporating labour, machine time, materials, and overhead absorption

Requirements

What do we need from you?

• Proven experience in cost engineering, cost control, or financial analysis within Formula 1® motorsport or high-performance manufacturing environments
• Strong understanding of engineering and manufacturing processes, including how design choices affect cost, lead time, and operational efficiency
• Highly analytical with a continuous improvement mindset and strong attention to detail, suitable for audit level scrutiny
• Experience using ERP / finance systems and cost tracking tools in engineering led organisations
• Comfortable working with engineering drawings, BoMs, manufacturing routings, and project structures
• Proactive, organised, and resilient in a fast-paced, high pressure Formula 1® environment

A team like no other.

The Cadillac Formula 1® Team challenges conventions and redefines success through bold ambition, cutting-edge innovation, and an unwavering commitment to precision and excellence—on and off the track. This includes offering industry-leading pension, generous time off and, as part of a global brand, huge potential for career development.

As an equal opportunities employer, we are committed to the equal treatment of all current and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy or maternity, race or ethnicity, religion or belief, gender identity or marriage and civil partnership. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply.

At The Cadillac Formula 1® Team, all Team Members are expected to actively support and uphold our policies and procedures, including those focused on Environmental responsibility, Sustainability initiatives, Inclusion and Health and Safety practices.

Please note that additional security checks may be required as part of the recruitment process. This may include a background check covering a minimum of the past five years and a criminal record check.