Proposals Cost & Pricing Analyst
Proposals Cost & Pricing Analyst

Proposals Cost & Pricing Analyst

Gloucester Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Own financial models and provide commercial insight throughout the bid process.
  • Company: Join Dowty Propellers, a leader in aerospace technology and innovation.
  • Benefits: Enjoy flexible working, a non-contributory pension, and private medical cover.
  • Why this job: Be part of a dynamic team driving impactful proposals in a fast-paced environment.
  • Qualifications: Proven experience in cost analysis, financial modelling, and advanced MS Excel skills required.
  • Other info: Security clearance is necessary; sponsorship for work in the UK is considered.

The predicted salary is between 36000 - 60000 £ per year.

Job Description Summary We have an exciting opportunity for a Proposals Cost & Pricing Analyst for Dowty Propellers. Reporting to the Commercial Operations Leader, as a key role within the commercial function, you will own the financial model and the assumptions used to underpin any long-term product support offering made to a customer. You will also own the Recurring Cost Estimating (RCE) for all of the Dowty sites working in accordance with Federal Acquisition Regulations. You will work with a wide network of functions, sites & businesses to obtain, and understand inputs and assumptions, and will be responsible for modelling and providing commercial insight through all stages of the bid process, from identification, through to negotiation. Job Description Roles and Responsibilities Focusing on business strategic captures while creating and maintaining models based on both commercial and technical inputs from multiple business functions. Responsible for the recurring cost estimating (RCE) and will utilise their skills and experience to develop internal costings for Dowty hardware supporting Sales; New Product Introduction programs; Momentum and Spares requirements. Contributing to the CMR process where required to understand existing contract performance and update forecasts to create annually refreshed views of contracts. Outputting a robust business case and being able to articulate areas and levels of risk within the financials. Liaising with multiple business functions, sites & customers to build accurate, efficient models which create value for the customer and identify risk to the business. Providing commercial expertise around competitive landscape, market dynamics, value upselling, supplier dynamics & other cost and price drivers. Achieving required approvals from the business for submission of proposals to customer and then working with the bid team through the negotiation stage of the proposal to arrive at a contract award. Engaging with the bid team and the customer to understand first hand what the customer values and how the business can provide the most impact and protect its operations. Participating in tollgate three handovers ensuring program teams understand the construct of the contracted service and the risks identified through the modelling process. Driving continuous improvement through process and tool upgrades in particular management and improvement of the common model tool used for modelling deals. Required Qualifications Proven experience in Cost Analysis and/or Financial Modeling. This role requires advanced experience in the Sales & Technical Proposals. Strong commercial acumen Advanced MS Excel experience Desired Characteristics Demonstrated ability to analyse and resolve problems. Ability to document, plan, market, and execute programs. Established project management skills. Demonstrated ability to communicate and work effectively with all levels of the organization Ability to identify and lead simplification and process improvement within a matrix organisation Detail oriented and accountable for completion of work assignments Flexible Working GE supports and encourages flexible working arrangements, where possible, and recognises the benefits to employees of having a positive work-life balance. Total Reward At GE Aviation we understand the importance of Total Reward. Our flexible benefits plan, called FlexChoice, gives you freedom, choice and flexibility in the way you receive your benefits, as well as giving you the opportunity to make savings where possible. As a new joiner to GE we are pleased to be able to offer you the following as default in your benefit fund, which you then can tailor to meet your individual needs; Non-contributory Pension Life Assurance Group income protection Private medical cover Holiday Hourly equivalent of 26 days, with flexible option to buy or sell Security Clearance Baseline Personnel Security Standard (BPSS) clearance is required and must be maintained for this role. Please note that in the event that BPSS clearance cannot be obtained, you may not be eligible for the role and/or any offer of employment may be withdrawn on grounds of national security. Please see the link below for further details regarding the requirements for BPSS clearance: BPSS Right to Work Applications from job seekers who require sponsorship to work in the UK are welcome and will be considered alongside all other applications. However, under the applicable UK immigration rules as may be in place from time to time, it may be that candidates who do not currently have the right to work in the UK may not be appointed to a post if a suitably qualified, experienced and skilled candidate who does not require sponsorship is available to take up the post. For further information please visit the UK Visas and Immigration website. Additional Information Relocation Assistance Provided: No #J-18808-Ljbffr

Proposals Cost & Pricing Analyst employer: Babcock

At Dowty Propellers, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our commitment to employee growth is evident through our flexible working arrangements and comprehensive benefits package, including a non-contributory pension and private medical cover. Located in a dynamic environment, we offer unique opportunities for professional development and the chance to contribute to impactful projects within the aerospace industry.
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Contact Detail:

Babcock Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Proposals Cost & Pricing Analyst

✨Tip Number 1

Familiarise yourself with Federal Acquisition Regulations (FAR) as they are crucial for this role. Understanding these regulations will not only help you in the interview but also demonstrate your commitment to compliance and accuracy in cost estimating.

✨Tip Number 2

Network with professionals in the aerospace and defence sectors, especially those involved in cost analysis and financial modelling. Engaging with industry experts can provide insights into best practices and current trends that may be beneficial during your application process.

✨Tip Number 3

Brush up on your advanced MS Excel skills, particularly in financial modelling. Being able to showcase your proficiency in creating complex models will set you apart from other candidates and is essential for the responsibilities of this position.

✨Tip Number 4

Prepare to discuss specific examples of how you've contributed to cost estimation or financial modelling in previous roles. Highlighting your experience with commercial acumen and project management will resonate well with the hiring team.

We think you need these skills to ace Proposals Cost & Pricing Analyst

Cost Analysis
Financial Modelling
Advanced MS Excel
Commercial Acumen
Project Management
Problem-Solving Skills
Attention to Detail
Communication Skills
Stakeholder Engagement
Risk Assessment
Process Improvement
Data Analysis
Negotiation Skills
Understanding of Federal Acquisition Regulations

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Proposals Cost & Pricing Analyst position. Tailor your application to highlight relevant experience in cost analysis and financial modelling.

Highlight Relevant Experience: In your CV and cover letter, emphasise your proven experience in cost analysis and financial modelling. Provide specific examples of how you've contributed to similar roles, particularly in sales and technical proposals.

Showcase Your Skills: Make sure to mention your advanced MS Excel skills and any other relevant tools or software you are proficient in. This is crucial for a role that involves creating and maintaining financial models.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also demonstrates your understanding of the company's needs. Discuss how your skills can help drive continuous improvement and provide commercial insight throughout the bid process.

How to prepare for a job interview at Babcock

✨Understand the Financial Modelling

Make sure you have a solid grasp of financial modelling concepts. Be prepared to discuss your experience with cost analysis and how you've applied these skills in previous roles, especially in relation to proposals and bids.

✨Showcase Your Commercial Acumen

Demonstrate your understanding of market dynamics and competitive landscapes. Be ready to provide examples of how you've used this knowledge to influence pricing strategies or improve proposal outcomes.

✨Prepare for Technical Questions

Since the role involves liaising with various business functions, brush up on technical aspects related to cost estimating and product support. Be prepared to explain how you would approach creating models based on both commercial and technical inputs.

✨Highlight Your Communication Skills

Effective communication is key in this role. Prepare to discuss how you've successfully collaborated with cross-functional teams and engaged with customers to understand their needs and deliver impactful proposals.

Proposals Cost & Pricing Analyst
Babcock
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