Senior Cost Engineer
Location: Hybrid – 60% on-site
Contract: Until 30th June 2026
Hours: 37 per week
Inside IR35
Driving Licence: Essential
Overview
We are seeking a Senior Cost Engineer to support financial target setting for unit cost and investment at the system/component level. This role focuses on reducing costs for new and existing products while ensuring minimal investment. The Senior Cost Engineer will provide technical and financial expertise through cost modelling, value engineering, and collaboration with procurement, manufacturing, and engineering teams to identify cost-saving opportunities.
Key Responsibilities
Financial Target Setting
Define unit cost and investment targets for vehicle programmes.
Use benchmark data and cost insights to support target setting.
Align targets across modules and establish component cost goals for current model projects.
Cost Control & Business Decision Support
Ensure designs meet cost targets by recommending cost-effective solutions.
Lead cost reduction programmes, including supplier workshops and tear-down analysis.
Assess engineering changes and supplier cost models, supporting negotiations.
Evaluate alternative designs and manufacturing methods to optimise costs.
Data & Financial Reporting
Present financial performance reports on unit cost and investment.
Maintain visibility of cost risks and opportunities, driving corrective actions.
Educate teams on financial processes to improve ...