Cost Analyst

McLaren Racing • Full-time • Woking, ENG, GB • 2d ago

At McLaren Racing, we’re not just here to try to take the chequered flag. We’re here to excite our fans, inspire our people and deliver for our partners. And we’re also committed to evolving our sport, our industry, and our technology, too.

Purpose of the Role:

We have a fantastic opportunity for an Analyst to join the McLaren Racing F1 Finance Partnering Team. The successful candidate will possess an innovative ‘can-do’ attitude, with a high level of attention to detail, enabling the preparation of high quality, data driven insight, analysis and commentary to support the Finance Team and the wider Operations Function.

Role Dimensions:

This role will be working in a fast-paced multi-tasking environment, and you will be comfortable dealing with high volume of workload and will require flexibility in working hours. You will work closely with Director / Head of level colleagues and all those with cost of car budget ownership responsibilities.

Principal Accountabilities:

Provide projects costing to Project Managers for different car areas.

Provide comparison of project costs for parts made in-house vs in supply chain.

Support manufacturing departments in order to understand best their cost base and their efficiency.

Drive better budget allocation within different car/manufacturing areas.

Support cost review of proprietary parts, raw materials and consumables.

Deliver frequent insight to promote cost collaboration from design to manufacture.

Create and prepare weekly, monthly, and annual summaries related to Cost of Car.

Compile, analyse, and evaluate data to inform financial projections and support Cost Cap compliance.

Develop strong partnerships between Operations, finance and other business functions.

Recommend and support implementation of process changes and system enhancements based on findings.

Communicate findings effectively and follow through with actions to help drive improvements.

Knowledge, Skills and Experience:

Bachelor's or Master’s in economics, business, econometrics or equivalent experience.

Part-qualified/appetite to commence qualification (ACCA/ACA) desirable.

Experience in Manufacturing industry is beneficial.

Excellent Excel & IT skills, Power BI desirable.

Appreciation of advanced statistical techniques.

Good analytical skills and attention to detail.

Ability to prioritise and organise in order to work effectively to deadlines.

Excellent interpersonal and communication skills.

Eager to learn and enthusiastic.

Personal Attributes:

Ability to work well under pressure and demonstrate emotional resilience and intelligence in the face of competing demands.

Creative problem solver able to use technical skills and relationships to implement solutions.

The drive, determination and commitment to get things done and get results.

Displays a professional curiosity to seek opportunities for continual improvement.

Recognising key relationships and making conscious effort to build rapport irrespective of status.

Energetic and willing to drive challenge into the team.

What can McLaren offer?

We constantly strive to be better tomorrow than we are today. Our ambition is to be the most pioneering and exhilarating racing team in the world, and our collective task is to set the standards for high performance in sport. We show up every day with energy and enthusiasm, ready to play our part.

We encourage and support diversity, equity and inclusion. We will actively promote a culture that values difference and eliminates discrimination in our workplace.

McLaren Racing is based at the iconic McLaren Technology Centre (MTC) near Woking. Here at McLaren, we offer hybrid working with 3 days a week based in the MTC.

Our state of the art, sustainable campus offers many facilities including a gym, restaurant and indoor and outdoor break-out areas, as well as direct access to park and common land. The MTC is connected to Woking mainline station via regular shuttle buses, from which London Waterloo is a 30 minute train ride.

We offer a comprehensive package of benefits including private healthcare, car schemes, life insurance and generous pension contributions.

Test Your Formula 1 Career Readiness

Take the Formula 1 Career Readiness Quiz and find out if you’re on track to success. Get a personalised report highlighting your strengths and areas to improve in just 5 minutes!

Get Your Bespoke Report