Cost Management Specialist - (Job Number: 008201)
Cost Management Specialist - (Job Number: 008201)

Cost Management Specialist - (Job Number: 008201)

Coventry Full-Time 34700 - 42000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support cost management and improve business performance through data analysis and reporting.
  • Company: Join Cadent, the UK's largest gas distribution network, shaping the future of energy.
  • Benefits: Enjoy competitive salary, annual bonus, flexible working, and extensive career development opportunities.
  • Why this job: Make a real impact in a dynamic role while contributing to a greener future.
  • Qualifications: Degree or experience in commercial discipline with strong analytical skills.
  • Other info: Diverse and inclusive workplace with a focus on employee well-being and growth.

The predicted salary is between 34700 - 42000 £ per year.

Pay Competitive

Location: Coventry/England

Employment type: Full-Time

Contract Type: Permanent

Location: Ansty, Coventry, CV7 9JU (hybrid working)

Applications from anywhere within our networks will be considered - you will be expected to travel around the networks as and when required.

Salary: £39,742 - £46,755 determined by a competency-based framework. Please note that we have a 12.84% pay increase agreed across the business, effective from 1st July 2023.

Our networks span the following regions: West Midlands, East Midlands, East of England and North West.

About The Role

We have an exciting new opportunity to join our Commercial directorate as a Cost Management Specialist. As a Cost Management Specialist, you will report directly into the Head of Commercial and will support in providing cost and commercial cost challenge across Cadent’s operations.

Being passionate about Cost Management, you will use your expertise to engage with our internal and external colleagues to support the delivery of regulatory and business objectives whilst identifying root causes of business performance issues and developing related process review/improvement opportunities to ensure business performance goals are achieved.

You can expect your day-to-day activities to regularly include managing multiple sub-projects such as:

  • Identifying gaps in information
  • Filling those gaps by using reliable multiple sources of data
  • Discussing cost efficiency performance with operational area managers
  • Updating and issuing reports on a variety of cost areas in the business including a narrative

Key Accountabilities

  • Engaging with internal and external data sources to ensure and improve accurate cost reporting and analysis.
  • Carrying out accurate cost reporting to deliver comprehensive information on internal and Contractor performance and value.
  • Using cost measures and targets for activities to conduct continuous forecasting and monitoring.
  • Ensuring costs are managed through reporting, communication, and management processes.
  • Auditing and investigating internal activities and Contractor activities when required to provide assurance and demonstrate that regulatory reporting is underpinned by effective cost control.
  • Engaging with Ops Management to deliver understanding of costs and variance to targets.
  • Maintain and track cost efficiency benefits, tangible and non-tangible across Cadent.
  • Maintain projects in Commercial in consideration of outcomes and deliverables for Cadent.

About You

  • Degree level education or proven experience working in commercial discipline.
  • Working knowledge of HR policies and procedures.
  • Strong understanding of Commercial processes.
  • An ability to identify and weigh up commercial risk.
  • Prior experience of preparing cost analysis and narratives for Managers.
  • Understanding of engineering surrounding Gas works undertakings and technology.
  • Understands the importance of compliance with Regulations and Contracts.
  • Consistently seeks opportunities for process and performance improvement.

What’s In It For You

We are committed to supporting our employees to get the best out of themselves. For this role in particular we can offer:

  • Ample opportunity for progression within the business.
  • Mentoring and guidance opportunities.

We are also working flexibly, if this is something that you are interested in then please don’t hesitate to contact us to discuss.

Benefits

We offer a host of benefits to suit your lifestyle and support your well-being. These include:

  • Annual bonus
  • Pension Scheme double matched up to a total of 12% of salary (i.e., employee contributions of up to 6%, double matched by a Cadent contribution of up to 12%)
  • 25 days holiday, plus statutory days, and an option to buy more
  • Fantastic career development prospects with funded learning options, including support with exams, and internal and external learning and development
  • Strong focus on supporting you as an individual including:
  • Hybrid working
  • Flexible working
  • Strong commitments to ED&I
  • Generous family provision policies
  • Flexible benefits including cycle to work scheme, salary sacrifice car scheme, insurance, and healthcare packages, plus much more
  • My Offers membership card – offering discounts and savings from hundreds of retailers
  • 2 paid volunteering days per year
  • Free gym access at the Ansty office, as well as a ‘Gympass’ scheme providing free or heavily subsidised local gym memberships
  • We want our employees to achieve a healthy work-life balance and are happy to discuss flexible working options with you if the role can accommodate it. Let us know about your flexibility requirements, whether that be reduced hours, remote working, flexible start/finish times, or compressed hours, and we will be more than happy to explore what’s possible for the role.

    About Us

    At Cadent we’re excited to be part of the future of UK energy! We’ve got a clear roadmap that will drive our performance to the forefront of our industry and support the UK government in achieving its net zero targets by 2050. We’re making a difference through innovation and new ways of working. Together we’re shaping a cleaner, greener future for our 11 million customers whom we put at the heart of everything we do.

    Diversity and Inclusion

    Don’t meet every single requirement listed? Understanding, learning, and celebrating what makes us different, as well as what we have in common, is good for us as individuals and enables us to work better together as one team. Cadent is committed to being an equitable and diverse employer that fosters an inclusive culture for all our employees, therefore, all our employment decisions are assessed based on qualifications, merit, and business need. So, if you’re excited about this opportunity but your experience doesn’t align perfectly with every qualification mentioned, we would still love for you to submit your application – You may just be the right person for this role or other opportunities at Cadent.

    As a recognised Disability Confident Employer, we are proud to champion inclusion in the workplace and ensure to provide an environment that is accessible to all and supports individuals throughout their journey with Cadent. Please let us know if you require any reasonable adjustments during the application process.

    We place great importance on equity, diversity and inclusion, and we welcome applicants from all backgrounds. Our employee communities Women in Cadent, Pride at Work (LGBTQ+), Embrace (ethnicity and religion), Thrive! (disability) and the Cadent Military Community can’t wait to welcome you!

    Circle Back Initiative

    As an active and proud member of The Circle Back Initiative, we aim to ensure that all candidates receive a response to their application, regardless of the outcome. We will be receiving applications until the specified date above, though Cadent retains the right to close this vacancy early without prior notification, so it is advisable to complete your application at your earliest convenience.

    Be part of something big. Help shape the future of gas for generations to come.

    Cost Management Specialist - (Job Number: 008201) employer: Cadent Gas Limited

    At Cadent, we pride ourselves on being an exceptional employer, offering a dynamic work culture that prioritises employee well-being and professional growth. With competitive salaries, generous benefits including a double-matched pension scheme, and ample opportunities for career progression, our team members are supported in achieving their personal and professional goals. Located in Ansty, Coventry, we embrace flexible working arrangements and foster an inclusive environment where diversity is celebrated, making Cadent a truly rewarding place to work.
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    Contact Detail:

    Cadent Gas Limited Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Cost Management Specialist - (Job Number: 008201)

    ✨Tip Number 1

    Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

    ✨Tip Number 2

    Prepare for interviews by researching the company and its culture. Understand their values and how your skills align with their goals. This will help you stand out and show that you're genuinely interested in being part of their team.

    ✨Tip Number 3

    Practice makes perfect! Conduct mock interviews with friends or family to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s time to shine.

    ✨Tip Number 4

    Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.

    We think you need these skills to ace Cost Management Specialist - (Job Number: 008201)

    Cost Management
    Data Analysis
    Cost Reporting
    Commercial Processes
    Risk Assessment
    Process Improvement
    Project Management
    Communication Skills
    Regulatory Compliance
    Analytical Skills
    Stakeholder Engagement
    Forecasting
    Problem-Solving Skills
    Attention to Detail

    Some tips for your application 🫡

    Tailor Your Application: Make sure to customise your CV and cover letter for the Cost Management Specialist role. Highlight your relevant experience and skills that align with the job description, especially your understanding of commercial processes and cost analysis.

    Show Your Passion: Let us see your enthusiasm for cost management! In your application, share examples of how you've engaged with teams to improve cost efficiency or tackled performance issues in the past. We love candidates who are genuinely excited about what they do.

    Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon where possible. We want to understand your experience and skills without having to decipher complex sentences!

    Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way to ensure we receive all your details correctly. Plus, it shows you’re keen on joining our team at Cadent!

    How to prepare for a job interview at Cadent Gas Limited

    ✨Know Your Numbers

    As a Cost Management Specialist, you'll be dealing with figures all day. Brush up on your cost analysis skills and be ready to discuss how you've used data to drive decisions in the past. Prepare examples that showcase your ability to identify gaps in information and how you filled those gaps.

    ✨Understand the Business

    Familiarise yourself with Cadent's operations and the specific challenges they face in cost management. Research their recent projects and any regulatory changes that might impact their work. This will show your genuine interest in the role and help you engage meaningfully during the interview.

    ✨Prepare for Scenario Questions

    Expect questions that ask you to solve hypothetical problems related to cost efficiency and performance improvement. Think of scenarios where you've successfully managed costs or improved processes in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your answers.

    ✨Show Your Collaborative Spirit

    The role involves engaging with various teams, so be prepared to discuss how you've worked collaboratively in the past. Highlight experiences where you’ve communicated effectively with internal and external stakeholders to achieve common goals, especially in cost reporting and analysis.

    Cost Management Specialist - (Job Number: 008201)
    Cadent Gas Limited
    Location: Coventry

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