Cost Analyst

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

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Provide projects costing to Project Managers for different car areas.

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

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

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Drive better budget allocation within different car/manufacturing areas.

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

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

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

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

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

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

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