At a Glance
- Tasks: Lead competitive pricing strategies and manage the bid process for procurement opportunities.
- Company: Join a dynamic team in the defence sector with a focus on innovation.
- Benefits: Enjoy a hybrid work model, competitive salary, and professional development opportunities.
- Other info: Collaborate with cross-functional teams and engage with senior leadership for career growth.
- Why this job: Make a real impact by shaping pricing strategies and winning bids in a regulated environment.
- Qualifications: Experience in procurement, bid management, and pricing in defence or regulated sectors required.
The predicted salary is between 50000 - 65000 £ per year.
About the role: The Procurement Pricing and Bid Manager will be responsible for leading the development of competitive pricing strategies and managing the end-to-end bid process for procurement opportunities. This role works closely with procurement commodities, finance, operations, and commercial teams to ensure bids are commercially viable, compliant, and aligned with organisational objectives. The successful candidate will analyse costs, assess market conditions, prepare pricing models, and support negotiations.
Essential Skills & Experience
- Proven experience in procurement, bid management, and pricing within defence or highly regulated sectors
- Strong track record developing pricing strategies and complex cost models for bids and tenders
- Experience supporting government/public sector or defence procurements
- Solid knowledge of FAR/DFARS regulations and compliant proposal development
- Expertise in producing cost proposals, pricing narratives, and supporting documentation
- Understanding of contract types (fixed-price, cost-reimbursable, T&M, hybrid)
- Experience managing cross-functional bid teams and delivering to tight deadlines
- Familiarity with ERP systems, procurement tools, and advanced Excel modelling
- Experience supporting audits, compliance reviews, and regulatory requirements
Desirable Skills
- Professional certifications (e.g. MCIPS, MBA, NCMA or equivalent)
- Knowledge of cost accounting principles, indirect rates, and government-compliant pricing methods
Key Responsibilities
- Bid Leadership: Lead the end-to-end preparation, coordination, and submission of bids, tenders, and proposals.
- Cross-Functional Coordination: Work with technical, commercial, finance, procurement, legal, and operations teams to gather inputs and align on submissions.
- Bid Management: Oversee timelines, deliverables, approvals, and ensure compliance with governance requirements.
- Pricing Strategy & Modelling: Develop pricing models and cost structures; recommend strategies balancing competitiveness and profitability.
- Market & Cost Analysis: Analyse supplier pricing, market trends, competitor activity, and total cost of ownership risks/opportunities.
- Procurement Collaboration: Support sourcing activities, supplier negotiations, and identify cost-saving opportunities.
- Performance Tracking: Monitor bid outcomes, track key metrics, and conduct post-bid reviews to drive continuous improvement.
- Stakeholder Engagement: Present pricing strategies and bid recommendations to senior leadership.
Hybrid: Employees who are working in Hybrid roles will work regularly both onsite and offsite. Ratio of time working onsite will be determined in partnership with your leader.
Procurement Pricing & Bids Manager in London employer: Raytheon
Raytheon is an exceptional employer, offering a dynamic work environment in Glenrothes or Livingston, Scotland, where innovation meets purpose in the aerospace and defense sector. With competitive salaries, generous holiday allowances, and a strong focus on employee development through mentoring and leadership opportunities, we foster a culture of collaboration and excellence. Our commitment to work-life balance, flexible working arrangements, and enhanced family-friendly policies makes Raytheon a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Pricing & Bids Manager in London
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Raytheon.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Procurement Pricing & Bids Manager in London
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Raytheon:Your cover letter should read like you’re chatting directly to Raytheon. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Raytheon.
How to prepare for a job interview at Raytheon
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Raytheon!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Raytheon. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Raytheon's culture.
