Cost Engineer in Towcester

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 Engineer at Cadillac Formula 1® team plays an important role within the Programme Office, providing financial insight to key cost drivers of components and assemblies, as well as data-driven analysis to identify cost reduction initiatives across the lifecycle of a part. Reporting to the Head of Programmes, the output of the Cost Engineers role will contribute to informed decision-making, greater cost efficiency, and strong cost predictability.

Key responsibilities:

• Assist with early phase project and part cost estimation to support programme evaluation, enabling accurate cost vs performance tradeoffs, and alignment with season cost targets and Cost Cap constraints.
• Influence design-for-cost considerations by working with engineers to assess the cost impacts of materials, manufacturing methods, part complexity, tolerances, and lifecycle.
• Drive cost efficiency by identifying cost drivers, inefficiencies, and non-value adding activities within engineering, manufacturing, and supply chain processes.
• Develop and maintain detailed cost models for components, assemblies, tooling, and programmes, incorporating labour, machine time, materials, and overhead absorption.

What do you need to bring to the team?

• Proven experience in cost engineering, cost control, or financial analysis within Formula 1®, motorsport or high-performance manufacturing environments.
• Strong understanding of engineering and manufacturing processes, including how design choices affect cost, lead time, and operational efficiency.
• Highly analytical with a continuous improvement mindset and strong attention to detail, suitable for audit level scrutiny.
• Experience using ERP / finance systems and cost tracking tools in engineering led organisations.
• Comfortable working with engineering drawings, BoMs, manufacturing routings, and project structures.
• Proactive, organised, and resilient in a fast-paced, high pressure Formula 1® environment.

The Cadillac Formula 1® Team challenges conventions and redefines success through bold ambition, cutting-edge innovation, and an unwavering commitment to precision and excellence—on and off the track. This includes offering industry-leading pension, generous time off and, as part of a global brand, huge potential for career development.

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.