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- Tasks: Analyse costs and provide insights to enhance car development efficiency.
- Company: Join the innovative Cadillac Formula 1® Team, backed by TWG Global and GM.
- Benefits: Enjoy competitive salary, generous time off, and career development opportunities.
- Other info: Diverse and inclusive workplace with a commitment to sustainability and health.
- Why this job: Be part of a team that challenges conventions and drives performance through bold ambition.
- Qualifications: Proficient in Excel, detail-oriented, and a proactive cost-conscious mindset.
The predicted salary is between 35000 - 45000 £ per year.
The Cadillac Formula 1® Team is what happens when history, purpose and daring talent come together. Backed by TWG Global and GM, our team is uniquely positioned to disrupt Formula 1®, bringing a fresh perspective and an unrelenting drive for success. We have the energy of a start-up, with the ideas and originality of a business that always wants to lead, never wants to follow. We’re building everything from the ground up, from a high-performance car to an inclusive, values-driven culture.
A Cost Analyst at Cadillac Formula 1® team plays an important role within the Programme Office, providing financial insight and data-driven analysis to support cost effective delivery of car development activities. Reporting to the Head of Programmes, the output of the cost analyst’s role will contribute to informed decision-making, improved budgeting accuracy, and greater cost predictability. Highly organised, detail‑oriented, and confident working with data, they bring a proactive, cost‑conscious mindset that helps drive financial efficiency.
Key responsibilities:
- Compare BoM cost actuals of launch car spec assemblies against original budget assumptions, to highlight focus points for cost reduction initiatives.
- Compare cost variances between previous, current and future specification assemblies.
- Collate in‑season Project Actual costs vs Project Estimated costs, to refine accuracy of budget estimations for future upgrade projects.
- Weekly reporting of obsolete inventory data, to support the Programme Office with maximizing the cost efficiency of order strategies for in‑season upgrade projects.
- Lead and support continuous improvement initiatives to enhance cost transparency, budgeting accuracy, forecasting robustness, and reporting quality.
Requirements:
- Proficient in Excel, with the ability to efficiently process large datasets, build robust formulas, and develop structured models that ensure accurate analysis and reporting.
- Confident communicator and ability to build relationships – being able to liaise with various functions in order to challenge the integrity of the data.
- Highly organised and self‑motivated, with exceptional attention to detail.
- Previous exposure to an ERP and PLM system is desirable, but not essential.
- Demonstrates a strong cost‑conscious mindset, continually seeking opportunities to maximise cost efficiency in order to yield greater performance opportunities for the car.
As an equal opportunities employer, we are committed to the equal treatment of all current and prospective employees and do not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy or maternity, race or ethnicity, religion or belief, gender identity or marriage and civil partnership. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply.
At The Cadillac Formula 1® Team, all Team Members are expected to actively support and uphold our policies and procedures, including those focused on Environmental responsibility, Sustainability initiatives, Inclusion and Health and Safety practices.
Please note that additional security checks may be required as part of the recruitment process. This may include a background check covering a minimum of the past five years and a criminal record check.
Cost Analyst employer: Cadillac Formula 1 Team
Contact Detail:
Cadillac Formula 1 Team Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to the Cadillac Formula 1® Team. Attend events, join online forums, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! If you’re proficient in Excel and data analysis, create a portfolio showcasing your work. Use real-world examples that demonstrate your ability to drive cost efficiency and improve budgeting accuracy. This will make you stand out when you apply through our website.
✨Tip Number 3
Prepare for the interview by researching the team and its values. Understand the bold ambition and innovative spirit of the Cadillac Formula 1® Team. Be ready to discuss how your proactive, cost-conscious mindset can contribute to the team's success and help shape their processes.
✨Tip Number 4
Follow up after your application! A quick email thanking the hiring manager for their time and reiterating your enthusiasm for the role can go a long way. It shows you're genuinely interested and keeps you on their radar as they make decisions.
We think you need these skills to ace Cost Analyst
Some tips for your application 🫡
Show Your Numbers Game: As a Cost Analyst, your ability to work with data is key. Make sure to highlight your Excel skills and any experience you have with large datasets in your application. We want to see how you can turn numbers into insights!
Be Detail-Oriented: Attention to detail is crucial for this role. When writing your application, give examples of how you've successfully managed projects or tasks that required a keen eye for detail. We love candidates who are organised and proactive!
Communicate Clearly: You'll need to liaise with various teams, so showcase your communication skills in your application. Whether it's through past experiences or specific examples, let us know how you build relationships and challenge data integrity.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with the Cadillac Formula 1® Team. Don’t miss out!
How to prepare for a job interview at Cadillac Formula 1 Team
✨Know Your Numbers
As a Cost Analyst, you'll be dealing with data all the time. Brush up on your Excel skills and be ready to discuss how you've used data analysis in previous roles. Prepare examples of how you've identified cost-saving opportunities or improved budgeting accuracy.
✨Understand the Business
Familiarise yourself with the Cadillac Formula 1® Team's mission and values. Show that you understand how financial efficiency impacts car performance. Be prepared to discuss how your role as a Cost Analyst can contribute to the team's ambitious goals.
✨Communicate Confidently
You'll need to liaise with various functions, so practice articulating your thoughts clearly. Think about how you can build relationships with team members and challenge data integrity. Role-play potential scenarios with a friend to boost your confidence.
✨Show Your Proactive Mindset
The team values a proactive approach to cost efficiency. Come prepared with ideas for continuous improvement initiatives you've implemented in the past. Highlight your ability to think outside the box and how you can bring that mindset to the Cadillac Formula 1® Team.