At a Glance
- Tasks: Support financial management of projects, ensuring accurate budgeting and performance monitoring.
- Company: Join Anglian Water, a leader in sustainable water management with a collaborative culture.
- Benefits: Enjoy flexible working, competitive salary, private healthcare, and generous annual leave.
- Other info: Great career growth opportunities in a supportive team environment.
- Why this job: Make a real impact on capital projects while developing your finance and commercial skills.
- Qualifications: Experience in contract management and strong numeracy skills are desirable.
The predicted salary is between 46000 - 46000 £ per year.
Starting from £34,500, salary dependant on skills and experience. Lincoln and or Peterborough Office / Hybrid working. Full time with flexibility for part-time.
Anglian Water offers a flexible approach; this role offers you the flexibility to work from home and from an Anglian Water office. We are building new teams both in Lincoln and Peterborough, so based location would be Thorpewood House in Peterborough or Enterprise House in Lincoln. Central Services is a newly formed team at Anglian Water, committed to delivering safe, professional, collaborative and cost-effective maintenance and engineering support across the business. We play a vital role in helping the company achieve its strategic objectives by providing a wide range of services—from facilities and estate management, to engineering project delivery and technical support for both capital and planned or reactive maintenance projects. Our portfolio also includes fleet and logistics management, plant services, and a strong focus on continuous learning and collaboration. At the heart of everything we do is a commitment to excellence and high standards.
What you’ll be doing?
As a Cost Analyst, you will support the financial, commercial, and performance management of capital projects and planned programmes of work. You’ll assist the Commercial and Cost Managers in budgeting, forecasting, and cash flow management, ensuring supplier payments and Purchase-to-Pay processes are accurate and compliant.
You will support financial planning, forecasting, and reporting activities, providing accurate and timely insight into costs, risks, and opportunities. This includes applying commercial challenge to pricing, variations, and ad-hoc services to ensure value for money across the portfolio of works.
In this role, you will monitor contractor and project performance, contribute to KPI reporting, audits, and stakeholder engagement, ensuring delivery aligns with agreed programme, cost, and service expectations. You’ll also play a key part in supporting health and safety compliance across the portfolio while maintaining accurate records for reporting, audits, and commercial assurance.
Additional responsibilities include preparing performance and financial information for stakeholder review meetings, supporting commercial assurance processes, and ensuring supplier payments are made in line with contractual agreements. You will help monitor supplier performance against KPIs, manage contract variations, and maintain accurate asset and cost data, all while ensuring compliance with health, safety, and statutory requirements.
You will monitor contractor and project performance, contribute to KPI reporting, audits, and stakeholder engagement, and help ensure delivery meets agreed programme, cost, and service expectations. You’ll also support health and safety compliance across the portfolio and maintain accurate records for reporting, audits, and commercial assurance.
The role also involves supporting stakeholder engagement through the preparation of performance and financial information for review meetings, contributing to commercial assurance processes, and ensuring supplier payments are made in line with contractual agreements. You will assist with monitoring supplier performance against agreed KPIs, managing contract variations, and maintaining accurate asset and cost data, while ensuring all activities comply with health, safety, and statutory requirements.
As a valued employee, you’ll be entitled to:
- Personal private health care
- 25 days annual leave – rising with length of service
- Flexible working
- Competitive pension scheme – Anglian Water double-matches your contributions up to 7%
- Bonus scheme
- Flexible benefits to support your wellbeing and lifestyle.
What does it take to be a Cost Analyst?
- Experience in similar Commercial / Contract Management related role
- Understanding of Commercial Contract Management: service level agreements; pricing schedules & rate cards; risk/reward mechanisms; negotiations - desirable
- Understanding of NEC form of contracts - desirable
- Degree qualification e.g Quantity Surveying or Finance - desirable
- Working towards professional body membership e.g. RICS; CIOB, ICE - desirable
- High degree of numeracy and financial acumen
- Understanding of the Financial processes (budgeting, forecasting, reporting) - desirable
- Familiarity with the (P2P) transactional processes: PR, PO, GRN, AP - desirable
- Previous experience in engaging with stakeholders - desirable
- Relevant Health & Safety knowledge / qualification - desirable
- Sourcing & Procurement process knowledge
- Knowledge of relevant SAP processes - desirable
- A proven track record in assisting managing costs at project level - desirable
- High Proficiency on MS Office especially excel
What We’re Looking For:
We’re looking for a highly organised team player with strong IT skills, particularly in MS Excel, and excellent communication abilities. You’ll be able to prioritise tasks effectively, work independently when required, and integrate seamlessly into collaborative teams, bringing a positive, proactive attitude to everything you do.
Why Anglian Water?
This is a great opportunity to develop your career in finance and commercial management while playing a key role in delivering capital projects that make a real impact. You’ll gain exposure to financial planning, supplier management, and performance monitoring across a diverse portfolio, working closely with colleagues and stakeholders to drive value, efficiency, and continuous improvement.
If you enjoy analysing data, problem-solving, and contributing to high-profile projects within a supportive and collaborative team, this role offers both challenge and development opportunities.
Closing date: 9th August 2026
Cost Analyst in Peterborough employer: awg
Anglian Water is an exceptional employer that champions innovation and sustainability in the water industry. With a flexible hybrid working model based in Peterborough, employees enjoy a supportive work culture that prioritises personal growth and well-being, alongside competitive benefits such as private healthcare and a generous pension scheme. Joining our team means being at the forefront of transformative environmental projects, collaborating with global experts, and making a meaningful impact on the future of water resource management.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Analyst in Peterborough
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like awg. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from awg.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like awg. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Cost Analyst in Peterborough
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in awg and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show awg how you can be a team player!
How to prepare for a job interview at awg
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with awg.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with awg's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
