Project Cost Controller

For many fans of Formula One, the sport exists between lights and chequered flag on a Sunday afternoon. It begins and ends with the exploits of the drivers on the track. But this is merely the tip of the spear. The reality of modern F1 is that of a complex and intertwined operation, every part of which needs to perform near its limit if success is to be achieved. From the pit crew searching for the ultimate repeatable pit stop, to the inspiration of the designers, the application of engineers and the herculean efforts of an army of fabricators and machinists. Much of our success is thanks to the diversity of thought and spectrum of skill sets held within the team, our ability to recognise unique contributions from individual team members is just a part of why we love what we do.

Job Description

We are looking for an experienced Project Cost Controller to join our talented PU Finance Team at our campus in Milton Keynes!

One of the main role requirements of our Project Cost Controller Analyst, will be to estimate project costs effectively and accurately, originating from the technical department, whilst helping to ensure precise budget management and forecasting of FIA Cost Cap Relevant Costs.

To be successful you will need to accurately monitor and analyse component costs, paying attention to any significant upward trends or outliers.

What You’ll Be Doing:  

  • Ensure all aspects of each project are accurately costed to provide the business with a total project cost.  This includes, but is not limited to, resource, parts, testing, and relevant engine pool updates.

  • Work closely with Programme Management when costing projects to ensure the correct scope, resource, and total quantities are included in all estimates.

  • Develop finance processes and reporting methods to provide the Technical Department and Programme management with information on project and parts costs.

  • To assist in tracking and analysing Bill of Materials costs highlighting any upward or outlying trends.

  • To liaise with Manufacturing to understand and feedback specific reasons for part cost increases (highlighted through project and Bill of Materials cost analysis).

  • Work with IT to ensure parts costs are accurate, updated, and accessible for everyone.

  • To assist in the analysis and reporting of component usage compared with the specified life to drive efficient and full use of parts.

Now from us - what you can expect to receive in return:

Not only is this a fantastic role, a good salary is just the start, there are many other benefits too such as our bonus scheme, private health care cover, life assurance scheme, workplace nursery, company contributed pension scheme, on site gym & fitness classes, food allowance, and a cycle to work scheme; but above all, the job satisfaction doesn’t get any better than the feeling of making a real contribution to the function of our Grand Prix cars.

Job Posting End DateWed, 8 May 2024

Red Bull Racing Formula One Team