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- Tasks: Analyse and develop cost models to drive efficiency and support client negotiations.
- Company: Join a leading global firm known for innovation and a collaborative work culture.
- Benefits: Enjoy flexible working, private medical cover, and six volunteering days annually.
- Why this job: Make an impact by helping clients navigate complex challenges with your analytical skills.
- Qualifications: Experience in commercial analysis or cost modelling; proficiency in data tools like Excel and Power BI.
- Other info: Location flexibility with office presence required three days a week.
The predicted salary is between 36000 - 60000 £ per year.
Location: Belfast, could consider Cardiff and Birmingham (will require 3 Days in the office)
Company Overview: We are supporting the hiring of a leading global professional services firm, renowned for its commitment to excellence and innovation. The team is dedicated to delivering high-quality services and solutions to clients, helping them navigate complex challenges and achieve their goals. They pride themselves on fostering a collaborative and inclusive work environment where every team member can thrive.
Job Description: The Commercial Cost Modeller role involves analysing, developing, and challenging commercial data and models to uncover and utilise valuable information for evidence-based decision-making. The Commercial Cost Modeller will assist clients in analysing key commercial data and identifying opportunities to improve efficiency in their current models. Additionally, the role requires supporting engagement teams by reviewing and evaluating client, supplier, and market data, as well as developing and assessing complex cost models.
- Key Responsibilities:
- Cost Modelling: Analysing and challenging client/supplier cost models, and creating 'should cost' and Cost Transformation models to identify and drive efficiency opportunities. This includes cost analysis and assessing cost drivers such as labour rates, indirect/direct costs, and inflation.
- Performance/Incentive Modelling: Analysing how the financial and performance incentives of a contract (e.g. pain/gain share, KPIs) could influence supplier behaviour.
- Support for Client Negotiations: Identifying variances in should cost and supplier proposals to develop negotiation strategies and align costs with contractual terms.
- Support for Business Case Development: Utilising should cost modelling outputs to generate a range of costs for approval.
Skills and Experience:
- Experience as a Commercial Analyst, Cost Modeller, Cost Engineer, or Management Accountant in a corporate setting.
- Proficiency and/or certifications in data models and reporting tools (ideally Excel, Power BI, Alteryx).
- Ability to analyse large datasets.
- Commercial awareness and strong cost modelling skills.
- Ability to write comprehensive reports and possess strong verbal and written communication skills.
- Candidates must have valid Security Clearance or be willing and eligible to obtain it.
- Experience in developing a modelling capability within a broader portfolio of commercial managed services, including team building and business development.
What we Offer:
We offer a variety of benefits, including flexible working arrangements with a week split between the office, home, and client sites. You'll have private medical cover and 24/7 access to a qualified virtual GP. Additionally, we provide six volunteering days per year and much more.
How to Apply:
If you are passionate about making a difference and meet the qualifications listed above, we would love to hear from you.
Cost Modelling Manager employer: Randstad Enterprise
Contact Detail:
Randstad Enterprise Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Modelling Manager
✨Tip Number 1
Network with professionals in the cost modelling and commercial analysis fields. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at the firm you're applying to.
✨Tip Number 2
Familiarise yourself with the latest trends and tools in cost modelling, such as Excel, Power BI, and Alteryx. Being able to discuss these tools confidently during interviews can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved efficiency in previous roles. Highlight your analytical skills and how you've used data to drive decision-making, as this aligns closely with the responsibilities of the role.
✨Tip Number 4
Research the company’s recent projects and achievements in cost modelling. Being knowledgeable about their work will not only impress interviewers but also help you tailor your responses to show how you can contribute to their goals.
We think you need these skills to ace Cost Modelling Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience as a Commercial Analyst, Cost Modeller, or similar roles. Emphasise your proficiency in data models and reporting tools like Excel and Power BI, as well as your ability to analyse large datasets.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Mention specific examples of how you've successfully analysed cost models or supported client negotiations in the past, showcasing your commercial awareness and problem-solving skills.
Highlight Key Skills: Clearly outline your strong verbal and written communication skills in your application. Since the role involves writing comprehensive reports, provide examples of your previous work that demonstrate your ability to communicate complex information effectively.
Show Willingness for Security Clearance: Since valid Security Clearance is required, mention your current status or your willingness to obtain it in your application. This shows your commitment to meeting the job requirements and readiness to comply with necessary protocols.
How to prepare for a job interview at Randstad Enterprise
✨Showcase Your Analytical Skills
As a Cost Modelling Manager, your ability to analyse and challenge cost models is crucial. Be prepared to discuss specific examples from your past experience where you successfully identified inefficiencies or improved cost structures.
✨Demonstrate Commercial Awareness
Understanding the commercial landscape is key for this role. Research the company’s recent projects and industry trends, and be ready to discuss how these insights could influence your approach to cost modelling.
✨Prepare for Technical Questions
Expect questions about data modelling tools like Excel, Power BI, and Alteryx. Brush up on your technical skills and be ready to explain how you've used these tools to analyse large datasets and create effective cost models.
✨Communicate Clearly and Confidently
Strong verbal and written communication skills are essential. Practice articulating your thoughts clearly, especially when discussing complex concepts. Consider preparing a brief presentation on a relevant topic to showcase your communication abilities.
