McLaren

We are recruiting for a Cost Engineer to join our fantastic Finance team in Woking. As the Cost Engineer your role will be focused on a specific commodity area, and will be split across two key activities:

• Supporting the business delivering detailed cost targets for sourcing strategy on future programs, as well as supporting on-going negotiations on current production vehicles, identifying key cost drivers and prioritising key discussion point with suppliers.
• Mandatory knowledge of creating cost estimates from base, without the aid of proprietary calculation software, having a scientific and demonstrable approach to the costing methodology assumptions.
• Supporting ad-hoc requests for cost breakdown verification and high-level costing for engineering changes.
• Leading categorising suppliers in the business by creating a map of supplier capabilities and capacities to ensure sourcing is done on Best-In-Class industry actors.
• Ensuring productivity targets are defined with incumbent suppliers and negotiate along with the commodity team to guarantee its delivery.
• Leading lean manufacturing and productivity optimisation studies; resulting in actions to guarantee incumbent suppliers adhere to best manufacturing practises and process flow.
• Maintaining and improving upon internal databases for materials, labour & facilities; tracking economic changes over time, ensuring up to date market data with verifiable sources.
• Developing and improve upon internally created tools and calculation templates to ensure consistency on the delivered estimates and guarantee continuity of costing practises.
• Creating and presenting training material on manufacturing processes and commodities for new cost engineers, buyers and any other stakeholders involved.

• Ability to work in highly competitive and driven environment.
• Have a structured approach and organised mindset to problem resolution.
• Comprehension of engineering designs and supplier quotations, being able to deduce misalignment on manufacturing processes and inconsistencies with market data.
• Proficiency using CAD system’s visualisation software, identifying component materials, GD&T dimensional tolerances and be able to infer manufacturing process flow.
• Tailor costing assumptions based on low-volume scenarios, highly specialised manufacturing and limited industry participants.
• Ability to create side-by-side quotation comparisons and waterfalls, identifying key cost drivers, explaining cost gaps and prioritising areas of focus during supplier negotiations.
• Advanced knowledge of Microsoft Office Suite, with emphasis on datasets and calculation templates (Excel) & creating clear and visual reports to guide business stakeholders with punctual results (PowerPoint).
• Preferred knowledge on lean manufacturing, Kaizen and movement studies.

We offer a wide – ranging benefits package, which includes:

• Structured career development framework
• 25 days’ holiday, plus bank holiday. Annual buy & sell up to five days
• Enhanced company pension scheme
• Discretionary annual bonus award
• Private medical insurance and health cash plan
• Life assurance 4x your basic salary
• Ability to apply for a sabbatical of up to one year after only two years’ service
• Benefits you can adapt to your lifestyle, such as discounted shopping
• Generous parental leave policies including market leading maternity leave
• Tax efficient nursery scheme benefit
• A range of wellbeing initiatives, such as employee assistance programme and free financial & mortgage advice
• Friends and family day
• Opportunities to experience our fantastic cars

Qualifying criteria applies

No restraints. No limitations. We don’t simply push boundaries. We completely rethink them. McLaren Automotive exists to create breath-taking performance road cars.

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