At a Glance
- Tasks: Join our team to analyse costs and support pricing for exciting projects.
- Company: Dynamic company focused on innovation and growth in the procurement sector.
- Benefits: Enjoy flexible working, generous leave, and access to 4000+ online courses.
- Other info: Great opportunities for learning and career development in a collaborative environment.
- Why this job: Make a real impact by driving cost efficiency and supporting business growth.
- Qualifications: HNC qualification with a passion for cost analysis and strong analytical skills.
The predicted salary is between 44171 - 54000 £ per year.
As a Cost Estimator & Price Analyst within the Procurement & Commercial Capability UK function, you will join the Cost Estimating & Price Analysis (CEPA) team in Basildon. Your work supports business growth across a diverse portfolio of products and lines of business by producing cost estimates, pricing outputs, and supporting reports for bids and projects. You will also support procurement activities by reviewing supplier Cost or Pricing Data (CPD) packs and provide analytical support during customer negotiations.
Responsibilities
- Collaborating with Integrated Product Teams (IPT) to fully understand Request for Quotation (RFQ) requirements and project scope
- Analysing manufacturing processes and methodologies to inform robust cost modelling and estimation
- Reviewing and validating supplier quotations to ensure compliance and readiness for customer audit or fact‑find activities
- Assessing historical labour actuals to develop accurate and supportable labour cost estimates
- Producing learning curve calculations to strengthen manufacturing labour forecasts
- Developing detailed bottom‑up cost estimates for prime hardware, including materials, assembly, and testing across all stages of the product lifecycle
- Building structured Work Breakdown Structures (WBS) and incorporating phased labour estimates for support functions
- Converting cost data into Works Cost Estimates (WCE) and translating these into competitive selling prices
- Applying risk analysis and contingency provisions in line with project risk registers
- Ensuring full compliance with CEPA processes, financial controls, and governance standards throughout bid preparation
- Supporting adherence to MoD/DoD regulations and commercial frameworks
- Producing high‑quality Basis of Estimate (BoE) and audit documentation to underpin bid submissions
- Presenting cost insights, assumptions, and analysis to stakeholders, including IPTs and senior management
- Conducting supplier cost analysis through evaluation of Cost or Pricing Data (CPD) packs, supporting procurement decision‑making
- Identifying cost‑saving opportunities and value engineering initiatives to enhance competitiveness
- Working cross‑functionally to improve estimate accuracy and drive process efficiency
- Contributing to a culture of continuous improvement, best practice, and knowledge sharing within the CEPA function
Qualifications
- HNC qualification (or equivalent) with experience in cost estimating, pricing or a similar analytical role
- Strong desire to learn, develop, and build expertise within cost analysis and commercial functions
- High level of numerical accuracy with strong analytical and problem‑solving skills
- Methodical, detail‑oriented approach to data analysis and cost modelling
- Proficiency in Microsoft Excel, Word and PowerPoint, with the ability to handle and present complex data sets
- Ability to work both independently and collaboratively within cross‑functional teams
- Strong time management and prioritisation skills, with the ability to meet tight deadlines in a fast‑paced environment
- Excellent written and verbal communication skills, with confidence in presenting data and insights
- Highly organised, with exceptional attention to detail and a commitment to accuracy
Security Clearance
This role is subject to pre‑employment screening in line with the UK Government’s Baseline Personnel Security Standard (BPSS). Additional Personnel Security Controls such as National Security Vetting (NSV) may apply, including eligibility for the Security Check (SC) or Developed Vetting (DV).
Benefits
- Flexible working: Flexible hours with hybrid working options
- Generous leave, with the opportunity to accrue up to 12 additional flexi‑days each year
- Award‑winning pension scheme with up to 15 % employer contribution
- Free access to mental health support, financial advice and employee‑led networks championing inclusion and diversity
- Eligibility for a bonus scheme at management level and below
- Unlimited access to 4000+ online courses via Coursera and LinkedIn Learning
- Referral programme with a financial reward
- Flex‑benefits: up to £500 annually for private health, dental, family cover, tech and lifestyle discounts and gym memberships
Key Details
- Primary Location: Basildon, GB
- Contract Type: Permanent
- Working Pattern: Hybrid (on‑site and remote)
- Occasional UK travel with overnight stays
- Working to tight deadlines.
We welcome applicants regardless of full experience in each requirement; a positive attitude and eagerness to learn are essential.
Cost Estimator & Price Analyst in Basildon employer: Leonardo UK Ltd
As a leading employer in the Basildon area, we pride ourselves on fostering a collaborative and inclusive work culture that prioritises employee growth and well-being. Our flexible working arrangements, generous leave policies, and access to extensive training resources empower our team members to thrive both personally and professionally. Join us to be part of a dynamic environment where your contributions directly support innovative projects and business growth.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Estimator & Price Analyst in Basildon
✨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 understanding their products. Be ready to discuss how your skills in cost estimating and analysis can directly benefit their projects and bottom line.
✨Tip Number 3
Practice your presentation skills! You’ll need to present cost insights and analysis, so being confident and clear will set you apart. Try rehearsing with friends or in front of a mirror.
✨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 are proactive about their job search.
We think you need these skills to ace Cost Estimator & Price Analyst in Basildon
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Cost Estimator & Price Analyst role. Highlight your relevant experience in cost estimating and analytical skills, and show us how you can contribute to our team.
Showcase Your Skills:We want to see your strong numerical accuracy and analytical prowess! Use specific examples from your past work to demonstrate how you've tackled similar challenges and achieved results.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. We appreciate clarity, so make sure your key achievements and skills stand out without unnecessary fluff.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity with StudySmarter.
How to prepare for a job interview at Leonardo UK Ltd
✨Know Your Numbers
As a Cost Estimator & Price Analyst, you'll need to demonstrate your numerical accuracy. Brush up on your analytical skills and be prepared to discuss how you approach cost modelling and estimation. Practise explaining complex data sets clearly, as this will show your ability to communicate effectively with stakeholders.
✨Understand the Role
Familiarise yourself with the responsibilities outlined in the job description. Be ready to discuss how your previous experience aligns with tasks like reviewing supplier quotations or conducting cost analysis. This shows that you’re not just interested in the role but have a genuine understanding of what it entails.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of examples from your past where you've successfully managed tight deadlines or collaborated with cross-functional teams. Use the STAR method (Situation, Task, Action, Result) to structure your answers effectively.
✨Show Your Eagerness to Learn
The company values a strong desire to learn and develop. Be prepared to discuss how you stay updated with industry trends or any additional training you've pursued. Highlighting your commitment to continuous improvement will resonate well with the interviewers.
