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For Companies At a Glance
- Tasks: Analyse and develop cost models to support decision-making for various clients.
- Company: PwC UK is a leading professional services firm with a global presence.
- Benefits: Enjoy flexible working, private medical cover, virtual GP access, and volunteering days.
- Why this job: Join a dynamic team, tackle complex problems, and make a real impact on client success.
- Qualifications: Experience in commercial analysis or cost modelling, strong data skills, and excellent communication.
- Other info: Mid-senior level role with opportunities for growth and development.
The predicted salary is between 43200 - 72000 £ per year.
Cost Modelling Manager – PwC UK
Location: Belfast, Cardiff, or Birmingham (flexible travel to other locations as required by client needs).
About the Role
As a Commercial Cost Modeller, you will play a pivotal role in interrogating, developing, and challenging commercial data and models. Your insights will directly support evidence‑based decision‑making and drive efficiencies for our clients. You’ll work across a diverse portfolio of projects, sometimes requiring short‑notice or extended‑period travel.
What Your Days Will Look Like
- Cost Modelling: Analyse and challenge client and supplier cost models. Develop ‘should cost’ and cost transformation models to identify efficiency opportunities, including detailed cost‑driver analysis (e.g. labour rates, direct/indirect costs, inflation).
- Performance & Incentive Modelling: Evaluate how financial and performance incentives (e.g. pain/gain share, KPIs) influence supplier behaviour and contract outcomes.
- Negotiation Support: Provide analytical support to client negotiations with key suppliers, identifying variances and developing strategies to align costs with contractual terms.
- Business Case Development: Use cost modelling outputs to generate robust cost ranges for business case approval.
- Team Leadership: Oversee and quality‑assure the work of junior staff, providing guidance and supporting their professional development.
- Solution Design: Contribute to the design of cost modelling solutions and support the development of proposals and propositions to promote our services to potential clients.
This Role Is For You If
- Experience as a Commercial Analyst, Cost Modeller, Cost Engineer, or Management Accountant in a corporate environment.
- Proficiency with data modelling and reporting tools (ideally Excel, Power BI, or Alteryx).
- Strong analytical skills, with the ability to interpret and work with large data sets.
- Commercial awareness and advanced cost modelling expertise.
- Excellent written and verbal communication skills, with the ability to produce comprehensive reports.
- Experience in building and growing a modelling capability within a broader commercial managed services context.
- Experience managing a team and having direct oversight of client‑ready deliverables.
- Willingness and eligibility to obtain Security Clearance if not already held.
What You’ll Receive From Us
We offer a range of benefits including empowered flexibility and a working week split between office, home and client site; private medical cover and 24/7 access to a qualified virtual GP; six volunteering days a year and much more.
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Cost Modelling Manager employer: PwC UK
Contact Detail:
PwC UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Modelling Manager
✨Tip Number 1
Familiarise yourself with the specific cost modelling tools mentioned in the job description, such as Excel, Power BI, and Alteryx. Being able to demonstrate your proficiency in these tools during discussions can set you apart from other candidates.
✨Tip Number 2
Prepare to discuss real-world examples where you've successfully analysed and challenged cost models. Highlighting your experience in identifying efficiencies and cost drivers will show that you have the practical skills needed for this role.
✨Tip Number 3
Research PwC's approach to commercial cost modelling and their recent projects. This knowledge will not only help you understand their expectations but also allow you to ask insightful questions during the interview, demonstrating your genuine interest in the company.
✨Tip Number 4
Network with current or former employees of PwC, especially those in similar roles. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach during the recruitment process.
We think you need these skills to ace Cost Modelling Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience as a Commercial Analyst, Cost Modeller, or similar roles. Emphasise your skills in data modelling and reporting tools like Excel and Power BI, as well as your ability to analyse large datasets.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Cost Modelling Manager role at PwC UK. Discuss your experience with cost analysis and how you've successfully supported clients in improving their cost models.
Showcase Your Communication Skills: Since excellent report writing and communication skills are essential for this role, provide examples of reports or presentations you've created in the past. Highlight how these contributed to decision-making processes.
Prepare for Potential Questions: Anticipate questions related to your experience with financial and performance incentives, as well as your approach to resolving complex problems. Be ready to discuss specific examples that demonstrate your problem-solving abilities.
How to prepare for a job interview at PwC UK
✨Showcase Your Analytical Skills
As a Cost Modelling Manager, you'll need to demonstrate your ability to analyse and challenge cost models. Be prepared to discuss specific examples from your past experience where you've successfully identified efficiencies or improved models.
✨Familiarise Yourself with Relevant Tools
Make sure you are well-versed in data modelling and reporting tools like Excel, Power BI, and Alteryx. During the interview, mention how you've used these tools in previous roles to analyse large datasets and support decision-making.
✨Understand the Role of Financial Incentives
Be ready to discuss how financial and performance incentives can influence supplier behaviour. Prepare examples of how you've navigated negotiations or developed strategies based on these insights in your previous positions.
✨Demonstrate Leadership and Team Development
As a manager, you'll be overseeing junior staff. Share your experiences in guiding others, resolving complex problems, and contributing to team development. Highlight any successful projects where you led a team to achieve significant outcomes.
