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- Tasks: Create cost models and pricing strategies for bids and proposals.
- Company: Join Telent, a leading tech company supporting the UK's digital infrastructure.
- Benefits: Enjoy flexible working, 26 days leave, and discounts on shopping and dining.
- Why this job: Be part of a collaborative team making a real impact in technology and communities.
- Qualifications: Experience in cost analysis, strong Excel skills, and a knack for numbers required.
- Other info: Work from home with one day in the Warwick office for teamwork.
The predicted salary is between 36000 - 60000 £ per year.
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View more categories View less categories Sector Technology Contract Type Permanent Hours Full Time
JOB DESCRIPTION
Cost Modeller
Location: Flexible Work Location (Agile working)
Job type: Full time, Permanent
Ref: 1551
Telent\’s Network Services Bid Management division are looking for an addition of a Cost Modeller with strong financial, costing, and commercial acumen, to join the team due to an influx of work. This role will see you work from home and work out of the Warwick office (CV34 5AH) at least 1 day per week for collaborative working and meetings.
At Telent, you\’ll be part of something bigger – keeping critical networks connected and protected 24/7. We value learning, collaboration, and continuous improvement.
Cost Modeller – Overview:
As the Cost Modeller, you\’ll support the Bid Manager in delivering high-quality, successful Bids and Proposals for various programmes and frameworks, by creating Cost Models and Pricing Strategies for our customers. All aligned with Telent\’s bid procedures, processes and best practice. This is a data and financial driven role that will see you showcase pricing and costings in visual formatting for our customers.
What you\’ll do:
- Develop cost models and cost / pricing strategies that balance competitive pricing with risk mitigation.
- Support bid strategy development with opportunity owners and business leads.
- Prepare materials for go/no-go decisions, deal reviews, submissions, and presentations.
- Conduct post-submission reviews and recommend improvements.
- Prepare and present P&L (profit and loss) / cashflow models, ensuring all costs are captured and governance followed.
- Propose milestone structures to improve cashflow.
- Present pricing strategies aligned with bid objectives and cost models.
- Identify and document risks, including mitigation strategies and associated costs.
- Collaborate with Sales, SMEs, Procurement, Technical, and Commercial teams.
- Contribute to PQQ responses and promote best practices in bid quality.
Who you are:
As the Cost Modeller, you will naturally be confident with numbers, be financially and commercially aware, and have experience in tracking and presenting costs / costing and pricing strategies. Naturally talented in using MS Excel and learning new systems. You thrive in a fast-paced, collaborative environment and ideally have an interest in IT / Telecoms and/or Networks.
Key requirements:
- Experience in a Cost Analyst / Cost Management / Bid team environment, driving efficiencies and improving success rates.
- Skilled in producing cost models / cost modelling and spend tracking (tracking spend) aligned with bid responses.
- Strong organisational and financial skills, with the ability to interpret data and models.
- Understanding of margin / blended margin and able to calculate margin and pricing.
- Broad understanding of Telecoms and/or IT products and services.
- Proficient in Microsoft Office 365, especially Microsoft Excel.
- Experience with ITT cost responses (Invitation To Tender) and high-value bids.
- Strong interpersonal skills and able to present.
- Ability to develop simple solutions to complex challenges.
- Experience identifying customer needs and shaping tailored propositions.
What we offer:
- 26 days annual leave + public holidays (with buy/sell options)
- Company-matched pension scheme
- Access to FlexBens portal
- Family-friendly policies
- Occupational health and wellbeing support
- Discounts on cinema, restaurants, and shopping via Telent Rewards
About Telent:
Telent is a leading technology company supporting the UK\’s critical digital infrastructure. With over 2,400 dedicated professionals, we deliver high-performance solutions that connect communities. We\’re committed to diversity, inclusion, and empowering our people to thrive.
Our values:
- Be Inclusive
- Take Responsibility
- Collaborate
- Be Customer-focused
Brilliance brought together.
#LI-Hybrid
#TJ-Hybrid
ABOUT US
About Telent
Telent is a leading technology company and specialist in the design, build, support and maintenance, drawing on decades of experience in mission critical communications and technology. of the UK\’s critical digital infrastructure. The work we do helps connect thousands of people and communities, using the best technology and innovation available. When you join us, you\’ll have the opportunity to make a real impact on all our futures by fulfilling your potential and delivering high performance. We work together to make everyday life work better for everyone. You\’ll be part of a team of more than 3,000 brilliant, dedicated people committed to getting the job done well.
Brilliance brought together.
We are guided by our values and behaviours:
Be Inclusive
Take Responsibility
Collaborate
Be Customer-focussed
Company
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Cost Modeller employer: ENGINEERINGUK
Contact Detail:
ENGINEERINGUK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Modeller
✨Tip Number 1
Familiarise yourself with the latest trends in cost modelling and pricing strategies within the technology sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced industry.
✨Tip Number 2
Network with professionals in the field of cost analysis and bid management. Attend relevant webinars or local meetups to connect with others who can provide insights into the role and potentially refer you to opportunities at Telent.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully developed cost models or pricing strategies in previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
✨Tip Number 4
Showcase your proficiency in Microsoft Excel by brushing up on advanced functions and data visualisation techniques. Being able to present complex data in an easily digestible format is crucial for this role.
We think you need these skills to ace Cost Modeller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost modelling, financial analysis, and bid management. Use specific examples that demonstrate your skills in creating cost models and pricing strategies.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with Telent's values and the specific requirements of the Cost Modeller position.
Showcase Technical Skills: Emphasise your proficiency in Microsoft Excel and any other relevant software. Provide examples of how you've used these tools to develop cost models or track spending in previous roles.
Highlight Collaborative Experience: Since the role involves working with various teams, mention any past experiences where you successfully collaborated with sales, technical, or commercial teams to achieve common goals.
How to prepare for a job interview at ENGINEERINGUK
✨Showcase Your Financial Acumen
As a Cost Modeller, you'll need to demonstrate your strong financial and commercial skills. Be prepared to discuss your experience with cost models and pricing strategies, and how you've successfully balanced competitive pricing with risk mitigation in previous roles.
✨Prepare for Data Presentation
Since the role involves presenting pricing strategies and costings visually, practice how you would present complex data in a clear and engaging manner. Use examples from your past work to illustrate your ability to communicate financial information effectively.
✨Understand the Telecoms Sector
Familiarise yourself with the telecoms and IT products and services relevant to the company. Being able to discuss industry trends and how they impact cost modelling will show your genuine interest and understanding of the sector.
✨Collaborative Mindset
The role requires collaboration with various teams, so be ready to share examples of how you've worked effectively in a team environment. Highlight your interpersonal skills and your ability to contribute to a collaborative culture, as this aligns with the company's values.
