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.