Recruitment Solutions (North West) Ltd Looking for Cost Analyst at Gaydon Full Time

Our client a is a listed PLC and is a truly market leading brand with multiple sites in the UK.

We are looking for a Cost Reduction Analyst within the team which deals with TDC (Total Delivered Cost) (you will like the products that they engineer!) – its an exciting place to work offering the flexibility of a hybrid working and a half day on a Friday!

This role will be offered on a Fixed Term Contract initially until at least 31st March 2024 – there is potential to for the role to be made permanent during this time

What you can expect:

• A chance to build a career within a niche area of an extremely prestigious industry within one of the UKs leading brands
• Hybrid working between home and office (3/2 days)
• 26 days holiday to start plus bank holidays
• Basic Salary of between £40-46k DOE and Qualification
• Performance related annual bonus scheme
• Half day on a Friday!
• Medical cover & health care cash plan
• Contributory pension and more
• The chance to work for one of the UKs leading brands

About the Role:

The role exists to identify and drive implementation of engineering and commercial cost reduction opportunities on all of the company’s Products. It is a diverse role and would suit a candidate with a desire to broaden their knowledge of a variety of commodities as well as develop their commercial skills. The aim is to highlight activities that will help achieve the yearly Total Cost Optimisation.

Key Duties & Responsibilities:

• Project management of multiple engineering initiatives, with the specific aim of reducing the cost of the bought out component / assembly.
• Data interrogation with the specific aim of reducing the cost of the bought-out component / assembly.
• Work closely with Bill of Materials, commodity leaders, procurement and TdC team to identify the best cost save opportunities and assist with building commodity cost reduction roadmaps.
• Coordination of all Total Cost Optimisation ideas:
• Evaluate all ideas that are entered into the Total Cost Optimisation IT system.
• Collation of information from Total Cost Optimisation champions and assist with creation of business cases and presentations for all potential cost saving solutions.
• Escalate any issues to Manager Level as soon as possible to ensure rapid resolution and progression.
• Assist with organisation of product convention events across the business.
• Benchmarking – compare similar components within the parts library and competitor analysis. Develop component cost database for benchmark analysis.
• Develop, manage and present detailed timing plans to agreed deadlines.
• Maintain effective internal & external communication with other departments.
• Assist with communication of Total Cost Optimisation initiatives to the wider business
• Liaising with Finance department to deal with reconciliation and performance against targets.
• Represent the department at periodic presentations to Directors, Chief Engineers and senior managers.
• Assist with the scoping and development of a new system to link into Infor system and capture, measure and control TdC cost reduction savings accurately.

Qualification & Experience:

• The successful candidate must have great interpersonal skills, be a team player and can work closely within a small team.
• Ability to transfer knowledge and experience to a new challenge is essential.
• Experienced user of Microsoft Office – particularly Excel.
• Exceptional organisational skills with the ability to prioritise workload
• Self-motivated, with ability to motivate others to achieve personal objectives
• Passionate about continuous improvement, especially in context of cost reduction and personal development.
• General knowledge of component design and manufacture
• Experience of cost reduction initiatives, tools and techniques desirable
• Confident communicator with ability to present at senior levels of the organisation would be preferable

The role requires someone with project management and some commercial experience, ideally with some negotiating experience

Behaviours:

This is a niche team and is small and therefore teamwork, the willingness to constructively challenge any colleague, to be innovative and willing to try different things is essential for the successful candidate.

If you do not have an up to date CV but would like a conversation about this role, please contact Gavin Reynolds or Sarah Duffy for a conversation.