Role: Procurement Finance Analyst / Cost Analyst
Location: Bristol
Duration: 12 months
Role Type: Hybrid - 3 days onsite
Salary: Depending on experience
Role Overview:
An opportunity for an experienced Procurement Finance Analyst / Cost Analyst to establish and develop a dedicated procurement financial analysis capability within the client's Rotary Wing Enterprise (RWE) Supply Chain organisation.
Working closely with Procurement, Supplier Management, Finance and Engineering teams, the successful candidate will provide financial and commercial analysis of complex supplier proposals, assess cost structures and establish fair and reasonable pricing positions to support procurement decisions and contract negotiations.
The role combines cost and price analysis, supplier financial assessment, estimating, commercial negotiation support and supply chain performance management, using quantitative analysis, economic indicators, market intelligence and cost modelling to identify efficiencies, mitigate commercial risks and deliver value.
Key Responsibilities
- Cost & Price Analysis: Lead detailed financial analysis of supplier proposals, assessing pricing structures, cost estimates and commercial viability to establish fair and reasonable pricing positions.
- Procurement Financial Capability: Establish and develop the UK RWE Procurement Finance Analyst function, adopting best practices, processes and methodologies from across the wider enterprise.
- Supplier Financial Assessment: Evaluate supplier financial performance, cost structures and commercial arrangements, identifying opportunities for cost reduction, efficiency and improved value.
- Estimating & Cost Modelling: Develop and validate cost estimates using historical data, statistical analysis, parametric models, technical requirements and market intelligence.
- Economic & Market Analysis: Monitor macroeconomic and microeconomic indicators, including inflation indices, foreign exchange movements, market trends and legislative changes affecting supply chain costs.
- Commercial Negotiations: Support Procurement and Supplier Management teams in developing negotiation strategies, substantiating cost estimates and negotiating commercially competitive contracts for goods and services.
- Contract Pricing & Spend Analysis: Assess firm-price and cost-plus supplier arrangements, analyse expenditure profiles and support effective material cost planning, tracking and forecasting.
- Financial Reporting & KPIs: Develop performance metrics, management reports and financial dashboards to monitor supplier performance, material expenditure and supply chain financial performance against plan.
- Supplier Auditing & Compliance: Conduct financial, operational, proposal and procedural reviews of supplier information, ensuring compliance with company policies, contractual obligations and applicable regulatory requirements.
- Bid & Proposal Support: Contribute to bid packages, supplier source selection and proposal evaluations in accordance with Integrated Business Acquisition Process (IBAP).
- Cross-functional Collaboration: Partner with Finance, Engineering, Procurement, Supply Chain and Programme Management teams to improve financial visibility, strengthen commercial decision-making and implement effective processes.
- Stakeholder & Supplier Engagement: Represent Supply Chain Management at programme reviews, lead key supplier meetings and present financial analysis, recommendations and performance updates to stakeholders.
Essential Qualifications & Experience
- Bachelor's degree or higher.
- Minimum five years' relevant experience within Finance, Contracts, Estimating, Procurement Financial Analysis, Business Operations or Supplier Management.
- Demonstrable experience analysing supplier financial data, commercial proposals and pricing information.
- Strong analytical capability, with the ability to interpret complex financial and commercial information to support procurement and business decisions.
- Ability to work collaboratively across multidisciplinary teams and communicate financial findings effectively to technical, commercial and senior stakeholders.
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Cost Analyst - Procurement Finance Analyst employer: Indotronix Avani UK
As a Digital Project Manager at our Salisbury location, you will thrive in a dynamic hybrid work environment that promotes collaboration and flexibility. We prioritise employee growth through continuous training and development opportunities, ensuring you can advance your career while working on impactful digital projects. Our supportive work culture values innovation and teamwork, making us an excellent employer for those seeking meaningful and rewarding employment.
