Job Title
Senior Cost Engineer
Ref #
Date posted
Friday, November 17, 2023
United Kingdom
Business area
Position level
G - Qualified Senior
Working time
Full Time
Contract type
Working pattern
8:30am - 5:30pm Monday to Friday

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

With innovation at the core of all we do, every challenge starts with the same question. How can we do it better? This restless spirit runs right through McLaren Automotive. And the search for perfection is evident in everything we do.

Purpose of Role

The Senior Cost Engineering role will be focused on a specific commodity area, and will be split across two key activities:

Future programme and commodity cost estimation: This will involve preliminary cost analysis against very early technical concepts, supporting early Programme financial reporting and budget setting. This would be on both a component & system basis, as well as on a platform basis. As technical content & specifications mature, Senior Cost Engineers will also be required to undertake detailed bottom-up cost estimations, helping to ensure design-to-cost principles are upheld, whilst also supporting Supplier cost gap analysis, and the negotiation and nomination process.

Working in tandem with the cross-functional Cost Reduction team, supporting any cost reduction activities with estimations and should costs to help identify and deliver cost reduction opportunities and initiatives across all vehicles within function group scope.

Principal Accountabilities
  • Support 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.
  • Support ad-hoc requests for cost breakdown verification and high-level costing for engineering changes.
  • Lead 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.
  • Ensure productivity targets are defined with incumbent suppliers and negotiate along with the commodity team to guarantee its delivery.
  • Lead lean manufacturing and productivity optimisation studies; resulting in actions to guarantee incumbent suppliers adhere to best manufacturing practises and process flow.
  • Maintain and improve upon internal databases for materials, labour & facilities; tracking economic changes over time, ensuring up to date market data with verifiable sources.
  • Develop and improve upon internally created tools and calculation templates to ensure consistency on the delivered estimates and guarantee continuity of costing practises.
  • Create and present training material on manufacturing processes and commodities for new cost engineers, buyers and any other stakeholders involved.

Knowledge, Skills and Experience
  • 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.
Personal Attributes

We recognise that we can only achieve our vision with the dedication and collaboration of our world class employees. At McLaren Automotive through our people, we are constantly looking to improve, just as we do with our Supercar development programmes. Aspiring to become the employer of choice in a fast paced and challenging environment.

We currently offer a range of benefits to employees at all levels of the business including Private Healthcare, Contributory Pension Scheme, Life Assurance and Personal Lease Car Scheme. We also offer a range of discounts with our partner organisations.

We would like to hear from you if you are a result driven, highly self-motivated, exceptional and enthusiastic performer with a passion for Purchasing.