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- Tasks: Maximize supplier relationships and drive cost efficiencies in a hybrid role.
- Company: Join a leading Pension and Investments client in the financial services sector.
- Benefits: Enjoy hybrid working with only 1-3 days on-site each month.
- Why this job: Be part of a brand-new project that impacts financial reporting and data analysis.
- Qualifications: Experience in contract negotiations and market data analysis is essential.
- Other info: This role offers a chance to work with diverse management levels and functions.
The predicted salary is between 36000 - 60000 £ per year.
Credit Reference Business Analyst Hybrid Working – London– 1-3 days a month on site. Financial Services Lorien’s leading Pension and Investments client is looking for a Credit Reference Business Analyst to join the existing team on a brand-new project. This role is based in London. This role will be Via Umbrella. Working in a Hybrid Model of 1-3 days a month on site. What you’ll do: Your daily responsibilities will see you maximizing the value of supplier relationships and driving cost efficiencies in collaboration with key stakeholders. To do this, you’ll interact with differing levels of management across a variety of franchises and functions. We’ll need you to manage data licensing to make sure all our franchises and functions remain compliant, whilst maximizing cost reduction opportunities from the evaluation of alternate providers. You’ll also deliver financial reporting, data analysis and Credit Reference Agency service recommendations You’ll also be responsible for: Leading contract negotiations in partnership with key stakeholders to make sure the most appropriate market data products are delivered at the best possible price Managing contract-related risks and issues, supplier audits and cost transparency to demonstrate contractual compliance to protect our business Providing analysis on and insights into market data costs to allow business managers and finance business partners to set and track market data budgets and realise cost savings Working with business franchises and functions to accurately define business requirements whilst acting as a subject matter expert and a point of contact for Credit Reference Agencies Managing third-party market data audits whilst remediating any data exposures where possible, including challenging audit findings to minimise any penalties Key Skills and Experience Lead contract negotiations in partnership with key stakeholders ensuring the most appropriate market data products are delivered to the group at the best possible price Manage contract related risks and issues, supplier audits, and cost transparency to demonstrate contractual compliance to protect the business Provide analysis on and insights into market data costs to allow business managers and finance business partners to set and track market data budgets and realise cost savings Work with business franchises and functions to accurately define precise business requirements, providing an ongoing subject matter expert point of contact for Credit Reference Agencies IND_PC3
Credit Reference Business Analyst employer: Lorien
Contact Detail:
Lorien Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Reference Business Analyst
✨Tip Number 1
Familiarize yourself with the key stakeholders in the financial services sector, especially those involved in credit reference agencies. Building relationships and understanding their needs will help you stand out during the interview process.
✨Tip Number 2
Brush up on your negotiation skills, as this role heavily involves leading contract negotiations. Consider practicing scenarios where you negotiate terms to ensure you can demonstrate your expertise effectively.
✨Tip Number 3
Stay updated on market data trends and cost management strategies within the financial services industry. Being knowledgeable about current practices will show your commitment and readiness for the role.
✨Tip Number 4
Prepare to discuss specific examples of how you've managed supplier audits or compliance issues in the past. Real-life experiences will illustrate your capability to handle the responsibilities outlined in the job description.
We think you need these skills to ace Credit Reference Business Analyst
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Credit Reference Business Analyst position. Understand the key responsibilities and required skills, as this will help you tailor your application to highlight relevant experiences.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with contract negotiations, data analysis, and supplier management. Use specific examples that demonstrate your ability to manage risks and deliver cost efficiencies.
Showcase Analytical Skills: Since the role involves financial reporting and market data analysis, include any relevant analytical skills or tools you are proficient in. Mention specific projects where you successfully analyzed data to drive business decisions.
Tailor Your Cover Letter: Craft a personalized cover letter that addresses the hiring manager directly. Discuss why you are interested in this role and how your background aligns with the company's goals, particularly in maximizing supplier relationships and ensuring compliance.
How to prepare for a job interview at Lorien
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the key responsibilities outlined in the job description. Be prepared to discuss how your previous experiences align with managing supplier relationships, contract negotiations, and data analysis.
✨Showcase Your Analytical Skills
Since the role involves financial reporting and data analysis, be ready to provide examples of how you've successfully analyzed data in past roles. Highlight any specific tools or methodologies you used to derive insights and make recommendations.
✨Prepare for Stakeholder Interaction
This position requires collaboration with various levels of management. Think of examples where you've effectively communicated with stakeholders and how you navigated differing opinions to achieve a common goal.
✨Demonstrate Your Negotiation Experience
As leading contract negotiations is a crucial part of this role, prepare to discuss your negotiation strategies. Share specific instances where you successfully negotiated terms that benefited your organization, focusing on cost efficiencies and compliance.
