At a Glance
- Tasks: Lead contract management and collaborate with Project Managers on exciting projects.
- Company: Join BakerHicks, a leader in design and engineering since 1957.
- Benefits: Enjoy competitive salary, flexible working, and professional development opportunities.
- Other info: Inclusive culture with strong support for personal and professional growth.
- Why this job: Work on impactful projects across diverse sectors like Nuclear and Defence.
- Qualifications: Numerical skills and a background in Commercial or Finance are essential.
The predicted salary is between 35000 - 45000 £ per year.
BakerHicks works on a variety of large exciting projects across various sectors. The Commercial Manager (CM) will assist and report into the Senior Commercial Manager (SCM). The CM will take lead responsibility for all contracts where they are commercial manager, working collaboratively with various Project Managers (PMs) to ensure commercial information is accurate and available. You will build strong relationships with Project Managers for all contracts to enable accurate project reporting and appropriate contract administration. You will also work closely with the sector and discipline directors and the finance team. This position would suit someone with a desire to utilise existing numerical and analytical skills or someone from a business or finance background with the desire to develop their commercial knowledge when delivering commercial projects.
Key Objectives:
- Build strong relationships and credibility with PMs for all contracts to enable accurate project reporting and appropriate contract administration.
- Work with and assist the SCM with all Commercial team activities including process improvements.
- Work closely with the Business Sector & Discipline directors as well as the finance team.
Principal Responsibilities:
- Ownership of all contract reporting including Cost Value Reconciliation (CVR) production, as well as interrogation of costs incurred to date and to complete.
- Assist in contract variation/change management process with input from the PM, including maintenance of change register.
- Generating applications for payment and invoices together with all necessary back up and ensuring timely cash collection.
- Assisting in the appointment of sub-consultants (Outworkers) on appropriate terms.
- Assist in the preparation of Tender documents and fee build ups, including deriving appropriate draw down schedules related to cost forecasts to minimise negative cash flow.
- Working with discipline leads to challenge forecasted cost to complete.
- Liaising with client commercial staff to build strong working relationships.
- Identify areas of risk and opportunity and manage each accordingly.
- Commercial contract administration.
- Assistance at the year end finance audit for the owned contracts.
- Advising and assisting PMs on Commercial & Contractual issues.
- Assistance in process improvement activities and management of timesheet system.
- Other ad hoc and routine work as required.
- Undertake infrequent travel to other offices to deliver above responsibilities and key objectives.
About You:
- You will have a strong affinity for numbers and the ability to interpret them, but also be able to build credible relationships across the business with various stakeholders.
- You will have experience/a background in Commercial or Finance.
- Degree qualified or qualified through experience.
- You will be willing and able to obtain security clearance.
Many of the positions within our company are subject to security clearance or security assurance levels. The successful candidate must be able to obtain and maintain the appropriate level of security clearance or assurance level for this role, in line with client and sector requirements. In some cases, additional nationality or residency criteria may also apply due to specific client or national security obligations.
Benefits:
- Company car or cash allowance.
- Up to 6% matched contributory pension plan.
- Life assurance scheme.
- 25 days annual leave plus ability to buy additional leave.
- Discount scheme (including gym membership, mobile phones etc).
- Flexible/hybrid working.
- Family friendly policies.
- Employee assistance.
- Professional development.
BakerHicks is an equal opportunity employer. We care about creating an inclusive atmosphere and are committed to promoting diversity and inclusion throughout. BakerHicks is an inclusive organisation welcoming talent from all backgrounds. Applicants are assessed on the basis of personal merit and qualifications.
Commercial Analyst employer: BakerHicks
Contact Detail:
BakerHicks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Analyst
✨Tip Number 1
Network like a pro! Reach out to current or former employees at BakerHicks on LinkedIn. A friendly chat can give us insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by researching BakerHicks' projects and values. We want to see that you’re genuinely interested in what we do, so be ready to discuss how your skills align with our exciting work in sectors like Nuclear and Defence.
✨Tip Number 3
Show off your analytical skills during the interview! Bring examples of how you've used numbers to solve problems or improve processes. We love candidates who can demonstrate their commercial acumen.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can keep you fresh in our minds and shows that you’re keen on the role. Plus, it’s a great chance to reiterate why you’d be a perfect fit for the team.
We think you need these skills to ace Commercial Analyst
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Commercial Analyst role. Highlight your numerical and analytical skills, and any relevant experience in commercial or finance. We want to see how you can bring value to our team!
Showcase Your Relationship-Building Skills: Since this role involves working closely with Project Managers and other stakeholders, emphasise your ability to build strong relationships. Share examples of how you've successfully collaborated with others in previous roles.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon. We appreciate a well-structured application that makes it easy for us to see your qualifications and fit for the role.
Apply Through Our Website: We encourage you to submit your application through our website. This ensures that your application goes directly to us and is reviewed promptly. Plus, it’s super easy to do!
How to prepare for a job interview at BakerHicks
✨Know Your Numbers
As a Commercial Analyst, you'll be dealing with a lot of numerical data. Brush up on your analytical skills and be prepared to discuss how you've used data in past roles. Bring examples of reports or analyses you've done that demonstrate your ability to interpret numbers effectively.
✨Build Rapport with Project Managers
Since building strong relationships with Project Managers is key, think about how you can showcase your interpersonal skills during the interview. Prepare to share experiences where you've successfully collaborated with others, especially in a commercial context.
✨Understand Contract Management
Familiarise yourself with contract management processes, including Cost Value Reconciliation (CVR) and change management. Be ready to discuss any relevant experience you have in these areas, as well as your understanding of how they impact project success.
✨Show Enthusiasm for Continuous Improvement
BakerHicks values process improvements, so come prepared with ideas or examples of how you've contributed to enhancing efficiency in previous roles. This shows you're proactive and committed to making a positive impact in the team.