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- Tasks: Support the Finance Manager with costs and pricing for Ministry of Defence projects.
- Company: Join a dynamic team focused on defence finance and commercial negotiations.
- Benefits: Enjoy 25 days holiday, flexible working, and a contributory pension scheme.
- Why this job: Make an impact in defence finance while developing your negotiation and analytical skills.
- Qualifications: CIMA/ACCA/ACA qualified with experience in rates/pricing roles.
- Other info: Remote work with monthly meetings and excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
This role is supporting the Finance Manager by providing costs and pricing on rates for projects and programmes with the Ministry of Defence. You will need to be confident speaking to senior stakeholders and negotiating commercial agreements where required. Defence experience is desirable and experience negotiating rates/pricing is going to be required for this role.
Working Patterns: This is a remote role with the possibility of monthly meetings based in Essex.
Key responsibilities:
- Deliver business advice and coordinated management of rates and government accounting for the Ministry of Defence.
- Negotiating commercial rate agreements.
- Support monthly and yearly rate cycles.
- Develop and calculate costing and pricing overhead rates.
- Develop and calculate average labour rates.
- Collaborate with the business to maximise recoverability of R&D and bid costs.
- Provide solutions such as new rate deck structures, or strategic pricing mechanisms.
- Create recovery forecasts and budgets for rates submissions.
- Create what-if rates scenarios.
- Create reporting for rates and functional control tower submissions.
- Manage reconciliations such as under/over recovery.
- Maintaining COGNOS functional forecast model.
- Maintain PowerBI dashboard and manage rate-related roll-outs (SAP, PMX, COGNOS).
- Ensure compliance with Defence standards.
- Support the management of relationships with the Ministry of Defence.
- Lead reporting, audit responses, and consultation submissions.
Skills & experience:
- CIMA / ACCA / ACA qualified.
- Experience within a rates/pricing role before, ideally within the MOD.
- Excellent presentational skills and ability to work with senior stakeholders.
- Commercial insight and knowledge to negotiate rates with clients.
- Ability to own issues, and deliver effective outcomes.
- Excellent verbal and written communication skills, including the ability to explain financial concepts to non-financial staff.
- Excellent systems skills, including SAP and Microsoft Office.
Additional benefits:
- 25 days holiday (increasing to 27 days) + statutory public holidays.
- Contributory Pension Scheme (up to 10.5% company contribution).
- 6 times salary 'Life Assurance'.
- Flexible Benefits scheme.
- Discretionary Bonus scheme.
- Enhanced family friendly policies.
- 37hr standard working week, with an early finish on Fridays whilst operating a 'Hybrid Working Model'.
- Canteen facilities are available in some sites.
Our client is committed to providing a diverse and inclusive workplace and welcomes applications from all backgrounds.
Defence Finance Analyst (pricing, rates + cost) employer: Datasource
Contact Detail:
Datasource Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Defence Finance Analyst (pricing, rates + cost)
✨Tip Number 1
Network like a pro! Reach out to your connections in the defence sector and let them know you're on the hunt for a Defence Finance Analyst role. A personal recommendation can go a long way in landing that interview.
✨Tip Number 2
Prepare for those interviews by brushing up on your negotiation skills. Since this role involves negotiating commercial agreements, practice articulating your thoughts clearly and confidently. Role-play with a friend if you need to!
✨Tip Number 3
Showcase your expertise! When you get the chance to speak with senior stakeholders, make sure to highlight your experience with rates and pricing. Use specific examples from your past roles to demonstrate your value.
✨Tip Number 4
Don't forget to apply through our website! We’ve got loads of resources to help you prepare and stand out. Plus, it’s the best way to ensure your application gets seen by the right people.
We think you need these skills to ace Defence Finance Analyst (pricing, rates + cost)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Defence Finance Analyst role. Highlight your experience with pricing, rates, and any relevant projects you've worked on, especially within the Ministry of Defence. We want to see how your skills match what we're looking for!
Showcase Your Communication Skills: Since you'll be dealing with senior stakeholders, it's crucial to demonstrate your excellent verbal and written communication skills. Use clear examples in your application that show how you've effectively communicated complex financial concepts to non-financial staff.
Highlight Your Negotiation Experience: Negotiating commercial agreements is a key part of this role. Be sure to include specific instances where you've successfully negotiated rates or pricing in your previous roles. We love seeing those success stories!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Datasource
✨Know Your Numbers
Make sure you brush up on your financial knowledge, especially around pricing and rates. Be prepared to discuss how you would approach calculating overhead rates or average labour rates, as this will likely come up in conversation.
✨Stakeholder Savvy
Since you'll be dealing with senior stakeholders, practice articulating your thoughts clearly and confidently. Think of examples where you've successfully negotiated agreements or provided business advice, as these will showcase your experience and skills.
✨Familiarise with Defence Standards
Understanding the compliance requirements within the Ministry of Defence is crucial. Do some research on the specific standards they adhere to and be ready to discuss how you can ensure compliance in your role.
✨Tech-Savvy Approach
Get comfortable with the systems mentioned in the job description, like SAP and PowerBI. If you can demonstrate your ability to manage rate-related roll-outs or create dashboards, it will show that you're not just a numbers person but also tech-savvy.
