Cost Engineer: Drive Cost Efficiency & Design-for-Cost in F1

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

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