General information

Job Title
Senior Finance Analyst
Ref #
9710
Date
Friday, January 7, 2022
Country
United Kingdom
Location
Woking
Business area
Finance
Department
Finance
Position level
Qualified Senior
Working time
Full Time
Contract type
Permanent
Working pattern
9am - 6pm Monday to Friday

Description & Requirements

Background

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

  • Finance Business Partner to McLaren’s Bill of Material Management team.
  • Support implementation of Total Value Management (TVM) methodology and mindset across the business, focussed on post production launch.
  • Support wider Bill of Material (BoM) reporting by causal factor.
  • Support development of average BoM reporting by programme.
Principal Accountabilities

  • In conjunction with the TVM team, support development and lead reporting against key TVM KPIs and performance
  • Reporting and support of resource approval required to deliver TVM target to reduce cost year over year from 2021 – 2025
  • Business case preparation – provide support and financial analysis of TVM activities including
      • Business Case preparation;
      • Break even analysis;
      • Presentation to engineering and purchasing leadership.
      • Work with the wider business to identify new opportunities through data analysis and vehicle cost review
      • Purchasing – review ongoing costs / identifying key suppliers to target
      • Logistic teams – supply chain optimism
      • Engineering – design change & Value Analysis & Value Engineering
      • Cost Engineering – optimal cost estimating support
      • Sales and Marketing – options uptakes / pricing
  • Work with the product development pre-production team to ensure clarity of TVM flow through for carry-over parts from production into new vehicle production
  • Submission of annual budget for TVM & monthly forecasting
  • Support development of total BoM reporting (actuals, forecast & plan by causal factor: design, regulatory, TVM, supplier claims and material & labour economics)
  • Monthly Bill of Material KPI reporting to executive leadership
  • Ad Hoc – Value for Money studies, data analysis, reviewing large sets of financial data.
Knowledge, Skills and Experience

  • Qualified accountant (ACA, ACCA or CIMA) desirable. 
  • Advance excel skills and ability to deal with large volumes of complex data is essential.
Personal Attributes

  • Excellent analytical and data interpretation skills, along with adherence to deadlines.
  • Experience working within low volume automotive / manufacturing companies desirable.
  • Strong interpersonal skills, communication, networking, collaboration, and interpersonal skills - ability to build relationships of trust with a wide range of individuals.
  • Proactive approach to working practices.
  • Ability to work with diverse workforce and in challenging conditions.