At a Glance
- Tasks: Support commercial management of supplier relationships and ensure regulatory compliance.
- Company: Join a historic financial services company with a commitment to innovation.
- Benefits: Enjoy 38 days annual leave, a generous pension scheme, and flexible working options.
- Other info: Great opportunity for career growth in a supportive and collaborative environment.
- Why this job: Make a real impact in a dynamic role while developing your analytical skills.
- Qualifications: Experience in analytical support and knowledge of financial modelling is essential.
The predicted salary is between 50000 - 65000 £ per year.
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. Our two distinct operating segments – Asset Management and Life – work together to provide access to balanced, long‑term investment and savings solutions.
Through telling it like it is, owning it now, and moving it forward together with care and integrity, we are creating an exceptional place to work for exceptional talent. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role.
The Role
Commercial Analyst – 8‑9 month Fixed Term Contract. M&G outsources a significant part of its operational business to suppliers and therefore must ensure the successful commercial management of these supplier relationships. Due to the size and complexity of these contracts, analytical support is required both for business and regulatory purposes.
The Commercial Analyst role will support both the day‑to‑day commercial aspects of managing M&G’s major contracts and relationships as well as ensuring that M&G Life meets the regulatory and key control requirements associated with outsourced supplier services.
Key Responsibilities
- Ensure the regulatory and key control requirements associated with outsourced supplier services are delivered.
- Ensure that supplier charges are accurate, challenged where appropriate and invoices are paid in line with contract timescales.
- Provide analytical and reporting support to Commercial Managers.
- Provide insight around M&G needs and industry/market trends to enable identification of commercial opportunities and risks.
- Continuously challenge and question the cost base with a view to identifying opportunities to reduce cost without detriment to service.
- Lead and coordinate formal supplier commercial governance, including production of materials and minutes, and attend executive‑level governance meetings to record minutes and actions.
- Support the development and application of Supplier Management best practice.
- Manage the cost validation and forecasting cycle.
- Respond to queries from the wider business for contract information.
- Independently manage some aspects of M&G’s contracts, under the direction of the Commercial Manager.
- Independently manage smaller project initiatives.
- Look for and implement AI where appropriate to bring efficiencies.
Key Knowledge
- Essential – Working knowledge of analytical tools and techniques including AI.
- Essential – Working knowledge of financial modelling.
- Essential – Working knowledge of contract management principles and practice.
- Desirable – Working knowledge of commercial negotiation techniques.
- Desirable – Foundation knowledge of contract law.
- Desirable – Foundation knowledge of end‑to‑end sourcing process.
Key Experience
- Essential – Experience providing analytical support in complex business environments.
- Essential – Some experience working in a commercial/regulatory environment.
- Desirable – Some experience working with third‑party suppliers/outsource arrangements.
- Desirable – Some relevant industry (Financial Services) working experience.
Personal Attributes / Skills
- Strong analytical and problem‑solving skills.
- High levels of attention to detail.
- Good written and verbal communication skills, with the ability to communicate to a range of stakeholders at all levels of the organisation.
- Demonstrated commercial acumen.
- Pragmatic, with good judgement.
- Capable of independent working and working effectively across a wider team.
- Ability to work effectively in an ambiguous environment.
Qualifications
- Desirable – Degree qualified.
- Desirable – Relevant professional qualifications (CIMA, Prince2, IACCM).
What we offer
At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life while planning confidently for your future. Our UK benefits include:
- A valuable pension scheme of 18%, with 13% made up of employer contributions and 5% employee contributions.
- We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services to help give you real confidence to put your money to work.
- 38 days annual leave including...
Commercial Analyst - Fixed Term Contract in Stirling employer: M&G
At M&G, we pride ourselves on being an exceptional employer that fosters a culture of integrity, collaboration, and innovation. With a commitment to employee wellbeing, we offer flexible working arrangements, a generous pension scheme, and extensive annual leave, ensuring our team members can thrive both professionally and personally. Our focus on continuous growth and development, combined with the opportunity to work in a dynamic financial services environment, makes M&G an attractive place for talented individuals seeking meaningful and rewarding careers.
