At a Glance
- Tasks: Support commercial management of major supplier contracts and provide analytical insights.
- Company: Join a leading savings and investments firm with over 175 years of innovation.
- Benefits: Enjoy a competitive pension scheme, 38 days annual leave, and flexible working options.
- Other info: Great career growth opportunities and a supportive workplace culture.
- Why this job: Make a real impact in a dynamic environment while developing your analytical skills.
- Qualifications: Experience in analytical support and knowledge of financial modelling preferred.
The predicted salary is between 35000 - 45000 £ 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: 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 meet the regulatory and key control requirements associated with outsourced supplier services.
Key Responsibilities:
- To ensure the regulatory and key control requirements associated with outsourced supplier services are delivered
- To ensure that supplier charges are accurate and challenged where appropriate and the invoices are paid in line with contract timescales
- To provide analytical and reporting support to Commercial Managers
- To provide insight around M&G needs and industry/market trends to enable identification of commercial opportunities and risks
- Continually challenge and question cost base with a view to identify opportunities to reduce cost without detriment to service
- To lead and coordinate formal supplier commercial governance including production of materials and minutes and to attend Executive level governance meetings to record minutes and actions
- To support the development and application of Supplier Management best practice
- To manage the cost validation and forecasting cycle
- To respond to queries from the wider business for contract information
- To independently manage some aspects of M&G’s contracts, under the direction of the Commercial Manager
- To independently manage smaller project initiatives
- To 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 of providing analytical support in complex business environments
- Essential - some experience of working in a commercial/regulatory environment
- Desirable – some experience of working with third party suppliers/outsource arrangements
- Desirable – some relevant industry (Financial Services) working experience
Personal Attribute/Skills:
- Strong analytical and problem solving skills
- High levels of attention to detail
- Good written and verbal communications skills, 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:
- As a savings and Investments firm we are proud to offer 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.
- Enjoy 38 days annual leave including...
Commercial Analyst - Fixed Term Contract in London employer: M&gprudential
M&G is an exceptional employer that prioritises employee wellbeing and professional growth, offering a generous pension scheme, flexible working arrangements, and a supportive work culture. With a commitment to innovation and integrity, employees are encouraged to thrive in their roles while contributing to meaningful financial solutions in a collaborative environment across various locations including Stirling and London.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Analyst - Fixed Term Contract in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
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✨Connect with Alumni from Your Uni
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We think you need these skills to ace Commercial Analyst - Fixed Term Contract in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at M&gprudential will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at M&gprudential. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give M&gprudential confidence in your short-term commitment to the role.
How to prepare for a job interview at M&gprudential
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with M&gprudential.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure M&gprudential that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
