Cost Analyst

Cost Analyst

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage project costs and ensure budget optimization for the Audi F1 Project.
  • Company: Join Audi's innovative F1 team, competing in the FIA Formula 1 World Championship from 2026.
  • Benefits: Enjoy a dynamic work environment with opportunities for personal growth and teamwork.
  • Why this job: Be part of motorsport history and contribute to cutting-edge technology in a fast-paced setting.
  • Qualifications: Experience in project controlling, preferably in motorsport, with strong analytical and communication skills.
  • Other info: We celebrate diversity and welcome applications from all backgrounds, including those with disabilities.

The predicted salary is between 43200 - 72000 £ per year.

Our Team

Welcome to the Audi F1 Project.

Audi will be competing in the FIA Formula 1 World Championship from 2026.

The new team has two locations. Audi’s Motorsport Competence Center in Neuburg (Germany) is considered one of the most modern of its kind in Europe. The Sauber Group’s Formula 1 factory in Hinwil (Switzerland) is known for its innovative technologies and passion for racing. The Power Unit comes from Neuburg, while Hinwil is responsible for the development of the chassis and race operations. The planned takeover by AUDI AG turns two teams into a factory team – and you can be part of it.

What you need? The mindset of an athlete. If you are someone for whom giving up isn’t an option and limits are just something to be overcome, you can bringVorsprung durch Technik to Formula 1 with us. Become part of this unique project and make motorsport history.

The position for the Audi F1 Project is at Audi Formula Racing GmbH in Neuburg (Germany).

The Programme Management acts as the central unit of Audi Formula Racing GmbH. We form the interface between the technical areas, the supply chain and the financial management of the company. Therefore, we are responsible for the complex project management for the development and production of the Audi F1 powertrain. We operate in a highly exciting, always time-critical and rapidly changing environment. Through intensive co-operation, we ensure transparency to achieve the project goals and identify project risks at an early stage. In addition to high personal standards, a willingness to communicate and team performance, we also prioritise enjoyment at work! Due to the interdependence of many different topics in our area of responsibility, close co-operation and a high degree of openness are prerequisites for our successful work.

Your Mission

  • Project cost planning and control: End-to-end responsibility for recording and providing reliable project costs to control and optimise the utilisation of project budgets
  • Together with the project managers responsible for the budgets, ensure cross-departmental coordination and plausibility checks of the forecast figures for the project costs in terms of the cost cap
  • Translating the financial regulation features into the technical component identification and cost cap clusters monitoring
  • Responsibility for the annual control of project budgets for the AFR cost cap target values (including also inventory economic value)
  • Comparison of planned and actual/obligatory data in collaboration with the departmental controlling department
  • Evaluation of resource utilisation: Transferring project plans and quantity structures for financial evaluation, including the cost assessment and the coordination with project managers/leaders
  • Recording, maintenance and continuous optimisation of the project cost structure based on the planned power unit construction stages
  • Risk management: Early identification of budget risks (in line with the FIA cost cap) and proactive development of measures and proposed solutions in close cooperation with the interface areas (especially technical departments) to avoid jeopardising project results
  • Reporting: Regular reports to AFR management on cost cap utilisation and control
  • Process optimisation: Analysis and improvement of existing project controlling processes to continuously increase efficiency and performance

Your Profile

  • Professional experience: Several years of experience in project controlling, preferably in the motorsport industry or in a similarly demanding environment with high dynamics and technical complexity
  • Data management skills e.g. knowledge of BI
  • Technical understanding: A high level of understanding of the technical processes and requirements in the Formula 1 environment to be able to efficiently coordinate and manage projects and their budgets
  • Methodological competences: Sound knowledge of project controlling ideally combined with initial experience with the FIA Cost Cap
  • Experience in cost control of complex projects and high motivation to work in a dynamic environment
  • Language skills: Full professional proficiency in German or English and a willingness to learn a basic level in the corresponding other language are prerequisites
  • Resilience and flexibility: Ability to work under pressure and achieve high quality results in a fast-paced and ever-changing environment
  • Problem-solving skills: Strong ability to analyse complex problems and develop creative, pragmatic solutions
  • Communication skills, conflict resolution, assertiveness and analytical thinking are among your strengths

About us

We are an equal opportunity employer.

We celebrate diversity and are committed to creating an inclusive environment for all employees and expressly welcome applications from people with disabilities. We look forward to reviewing your application and having you join the team as part/or full-time employee in our pursuit of excellence in Formula 1.

Cost Analyst employer: Audi Formula Racing GmbH

At Audi Formula Racing GmbH, located in the state-of-the-art Motorsport Competence Center in Neuburg, we pride ourselves on fostering a dynamic and inclusive work culture that thrives on teamwork and innovation. As a Cost Analyst, you will not only contribute to groundbreaking projects in the exhilarating world of Formula 1 but also benefit from extensive professional growth opportunities and a commitment to employee well-being. Join us in shaping the future of motorsport while enjoying a collaborative environment where your contributions are valued and celebrated.
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Contact Detail:

Audi Formula Racing GmbH Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Cost Analyst

✨Tip Number 1

Familiarize yourself with the FIA Cost Cap regulations. Understanding these rules will not only help you in your role as a Cost Analyst but also demonstrate your commitment to the unique challenges of the motorsport industry.

✨Tip Number 2

Network with professionals in the motorsport industry, especially those involved in project controlling. Attend relevant events or join online forums to connect with others who can provide insights and potentially refer you to opportunities.

✨Tip Number 3

Showcase your analytical skills by preparing case studies or examples of past projects where you successfully managed budgets and identified risks. This practical demonstration of your experience can set you apart during discussions.

✨Tip Number 4

Stay updated on the latest trends and technologies in Formula 1 and project management. Being knowledgeable about current developments will not only enhance your conversations but also show your passion for the industry.

We think you need these skills to ace Cost Analyst

Project Cost Planning
Budget Control
Cross-Departmental Coordination
Financial Regulation Translation
Resource Utilisation Evaluation
Risk Management
Data Management Skills
Technical Understanding of F1 Processes
Project Controlling Knowledge
Cost Control Experience
Analytical Thinking
Problem-Solving Skills
Communication Skills
Conflict Resolution
Resilience and Flexibility

Some tips for your application 🫡

Understand the Role: Make sure to thoroughly read the job description for the Cost Analyst position. Understand the key responsibilities and required skills, especially in project controlling and cost management within a dynamic environment like Formula 1.

Tailor Your CV: Customize your CV to highlight relevant experience in project controlling, particularly in high-pressure environments. Emphasize any previous work in motorsport or similar industries, and showcase your data management skills.

Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for motorsport and your understanding of the technical complexities involved. Mention specific experiences that demonstrate your problem-solving skills and ability to work under pressure.

Highlight Language Proficiency: Since full professional proficiency in German or English is required, make sure to clearly state your language skills in your application. If you are learning the other language, mention this as well to show your willingness to adapt.

How to prepare for a job interview at Audi Formula Racing GmbH

✨Understand the Motorsport Environment

Familiarize yourself with the unique challenges and dynamics of the motorsport industry, especially in Formula 1. Be prepared to discuss how your experience aligns with the fast-paced and technically complex environment described in the job profile.

✨Showcase Your Project Controlling Experience

Highlight your previous experience in project controlling, particularly in high-pressure settings. Be ready to provide specific examples of how you've managed budgets, identified risks, and optimized processes in past roles.

✨Demonstrate Technical Understanding

Since the role requires a strong technical understanding, be prepared to discuss relevant technical processes and how they relate to project management. This could include your familiarity with BI tools or any experience you have with FIA Cost Cap regulations.

✨Communicate Effectively

Effective communication is key in this role. Practice articulating your thoughts clearly and confidently, especially when discussing complex problems and solutions. Show that you can collaborate across departments and maintain transparency in project management.

Cost Analyst
Audi Formula Racing GmbH
A
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