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- Tasks: Support the Commercial Manager in driving efficiencies and managing project costs.
- Company: Join Bristol Water, a leader in the utilities sector with a commitment to diversity.
- Benefits: Enjoy a competitive salary and a comprehensive benefits package.
- Other info: Dynamic role with opportunities for growth and development in a supportive environment.
- Why this job: Make a real impact by maximising performance and managing financial aspects of projects.
- Qualifications: Degree preferred; experience in utilities or infrastructure is a plus.
The predicted salary is between 40000 - 45000 £ per year.
As a Commercial Analyst, you will support the Commercial Manager; helping to drive efficiencies; managing costs and regional performance for our clients. This role will see you take control of all financial aspects of the project; overseeing all commercial & contractual matters. You will lead the accounting process, ensuring all project expenditures align with the Schedule of Cost Components. You will be accountable for maximizing performance by managing the Target Price and identifying efficiencies to improve the Pain/Gain share. You will deliver the desired margin return utilising high standards of commercial acumen, whilst identifying, recording and tracking both risks and opportunities.
Key Responsibilities
- Manage and monitor project costs including weekly P&L reporting
- Review contract documents and advise on any issues
- Track the progress and cash flow forecast information
- Produce and review commercial forecasts, Cost Value Reconciliation (CVRs) and Project Finance Reports
- Proactively identify and mitigate risks of Disallowed Cost (e.g., ensuring timely Early Warnings, maintaining robust records, and following agreed procurement procedures)
- Take responsibility for Subcontract Management; including Subcontract Forecasting, raising Subcontractor Orders and Negotiating Subcontract terms
- Prepare subcontract documents, enquiries and assessment of quotations
- Place subcontract orders, agreement and certification of subcontract valuations, invoice, subcontract payments and final account agreements
- Be responsible for the management of the change control process, risk and value management
- Manage and track project changes, variations and/or notices
- Assess and value variations and compensation events
- Prepare and submit interim valuations and payment applications to clients, along with the agreement of final accounts
- Attend risk review, progress and commercial meetings on-site with the Client
- Be actively involved with tenders and pricing
- Assist Credit Control with cash recovery and forecasting
- Support the operational team in daily commercial and contractual aspects
Experience and Qualifications
- Degree qualification (RICS accredited or equivalent) is desirable but not essential
- Ideally you will have experience working in the Utilities industry
- Proven ability to manage Compensation Events and Early Warnings within a fast-paced utilities or infrastructure environment
- Direct experience with NEC3 or NEC4 Option C is desirable but not essential
- Ability to prioritise workload, multi-task and work under tight time pressures
- Excellent communication skills
- High attention to detail
- Logical mind
Salary and Benefits
We offer a competitive salary based on experience along with a full benefits package. Network Plus is proud to be an Equal Opportunity Employer. We celebrate diversity and do not discriminate based on race, religion, colour, nationality, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law. We are Armed Forces-friendly. We welcome applications from ex-Armed Forces personnel, reservists, armed forces veterans, cadet instructors and military spouses/partners.
Commercial Analyst in Bristol employer: Go Traffic Management Limited
Contact Detail:
Go Traffic Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Analyst in Bristol
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Bristol Water. A friendly chat can sometimes lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by practising common questions related to commercial analysis. Think about how you can showcase your experience with managing costs and improving efficiencies. We want to see your analytical skills shine!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you on their radar and shows your enthusiasm for the role.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Bristol Water.
We think you need these skills to ace Commercial Analyst in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Commercial Analyst role. Highlight any relevant experience in managing costs, financial reporting, and commercial acumen to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs at Bristol Water. Keep it concise but impactful!
Showcase Your Achievements: When detailing your past roles, focus on specific achievements that demonstrate your ability to drive efficiencies and manage project costs. Numbers speak volumes, so don’t shy away from sharing quantifiable results!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role!
How to prepare for a job interview at Go Traffic Management Limited
✨Know Your Numbers
As a Commercial Analyst, you'll be dealing with financial data all the time. Brush up on your P&L reporting and Cost Value Reconciliation (CVRs) before the interview. Being able to discuss these concepts confidently will show that you understand the core responsibilities of the role.
✨Understand the Contractual Landscape
Familiarise yourself with NEC3 or NEC4 contracts, even if you don't have direct experience. Knowing the basics will help you answer questions about managing compensation events and early warnings, which are crucial in this role. It’ll also demonstrate your proactive approach to learning.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've identified and mitigated risks in past projects. This could involve discussing how you managed project changes or variations. Highlighting your logical thinking and attention to detail will resonate well with the interviewers.
✨Communicate Effectively
Excellent communication skills are key for this position. Practice articulating your thoughts clearly and concisely. You might be asked to explain complex financial concepts, so being able to break them down into simple terms will set you apart from other candidates.