Senior Cost Engineer

Position: Senior Financial Analyst - Product Cost Optimisation
NW ENGLAND
£25 - 30 PER HOUR HYBRID

Primary Objective:

To drive financial performance through strategic target setting, cost optimisation, and expert analysis in support of product development and business objectives.

Key Responsibilities:

• Strategic Financial Target Setting Establish challenging yet achievable unit cost and investment targets at system/component levels
• Leverage benchmark data and historical cost information to inform target setting
• Collaborate with cross-functional teams to balance and secure buy-in for ambitious targets
• Define component target costs for ongoing and future product initiatives
• Technical and Financial Decision Support
• Guide design processes to meet cost targets through expert recommendations
• Influence cost reduction programs by providing critical technical and financial insights
• Conduct lean manufacturing assessments at supplier facilities to identify cost-saving opportunities
• Evaluate and authorise expenditures within specified authority limits
• Analyse supplier cost models to drive value-optimised negotiations
• Provide financial impact assessments for alternative design and manufacturing solutions
• Cost Data Management and Financial Performance Oversee preparation and presentation of financial performance reports
• Lead stakeholders in managing unit cost and investment targets
• Brief senior leadership on financial material cost reports and develop mitigation strategies
• Provide educational support to enhance process efficiency and productivity
• Continuous Improvement Initiatives Proactively identify and implement process improvements
• Support company-wide productivity enhancement efforts

Scope of Influence:

This role has significant impact on product cost structures and investment decisions across multiple projects and platforms, directly influencing the company's financial performance and competitive positioning.Budgetary Responsibility:

Oversight of material and associated investment budgets (Base and Change Budget) with substantial annual value.