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- Tasks: Conduct financial audits and support supplier negotiations to ensure compliance with US regulations.
- Company: Join a leading company in the aerospace sector focused on compliance and innovation.
- Benefits: Enjoy a competitive salary, performance bonuses, and flexible benefits including health insurance.
- Why this job: Make a real impact by ensuring suppliers meet compliance standards while developing your finance skills.
- Qualifications: Finance or accounting background is essential; experience with cost analysis is a plus.
- Other info: Dynamic role with structured training and opportunities for career progression.
The predicted salary is between 36000 - 60000 £ per year.
Overview: Contracts Compliance Specialist role supporting Goodrich Actuation Systems Ltd (GASL) to meet US government compliance regulatory requirements. The supplier compliance specialist conducts financial and compliance audits of supplier cost and pricing data and produces recommendation reports to the supply chain team to support supplier negotiations. Training will be provided to develop knowledge of applicable US government regulations. Finance or accounting knowledge is a must.
Responsibilities:
- Complete financial audits of supplier cost models, including rates and factors, allowability of costs within overhead and labour rates, and profit levels.
- Produce output reports with findings and recommendations for adjustments to supplier pricing to complete supplier negotiations within the allowable range per USG regulations.
- Maintain a queue system, with standard turnaround times for the completion of cost analysis supporting customer proposal timelines.
- Support Military bid focal with generation of Price / Cost Analysis Reports supporting customer bid submissions.
- Support onsite supplier cost audits as required and challenge supplier rates and factors applied within supplier costings in line with allowable costs.
- Support supplier account manager / military bid focal with supplier price negotiations and finalising the record of price agreement (RoN).
- Support the process of requesting DCMA Assist audits when suppliers will not provide full disclosure of cost and price data to Safran.
- Develop knowledge of applicable US government regulations and ensure suppliers apply compliant pricing methodologies and identify actions to close compliance gaps.
- Represent the organisation to customers and government agencies during external and customer audits.
- Collaborate with the Contracts team and other stakeholders to improve processes and standardise outputs.
Qualifications and Requirements:
- Accounting or finance background; finance or accounting knowledge is a must.
- Experience with should-cost models and cost/price analysis; ability to identify compliance gaps and provide clear, defensible recommendations.
- Ability to challenge and influence suppliers and stakeholders to support compliant pricing and successful negotiations.
- Desirable: knowledge of US Government contracting regulations including TINA (or willingness to learn quickly).
- Experience conducting supplier cost or pricing audits, including on-site audits; exposure to price/cost analysis supporting bids or proposals, ideally in a regulated environment.
- Experience working with or supporting supplier negotiations and records of price agreement (RoN).
- Continuous improvement mindset with experience in improving processes and standardising outputs.
Location: Position location: Europe, UK, England, West Midlands (Stafford Road, WV10 7EH, Wolverhampton).
Benefits:
- Competitive salary
- Company performance bonus scheme
- Pension scheme - up to 10% employer contribution
- Private medical insurance
- Comprehensive health cash plan
- 25 days annual leave + bank holidays
- Flexible benefits programme (buy & sell holiday allowance, discounted gym memberships, Maternity/Adoption leave up to 52 weeks, first 26 weeks at full pay, subsequent 26 at 50% of pay, and Paternity/Non-Pregnant Parent/Co-adopter leave 4 weeks full pay)
- Structured training & opportunities to progress
Supplier Compliance Specialist in Wolverhampton employer: Safran
Contact Detail:
Safran Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Supplier Compliance Specialist in Wolverhampton
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Goodrich Actuation Systems Ltd or similar companies. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your finance and compliance knowledge. Be ready to discuss how you would handle supplier audits and negotiations. Show us you know your stuff and can tackle those compliance gaps!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email or call can show your enthusiasm and keep you on their radar. We love seeing candidates who are proactive!
✨Tip Number 4
Practice your negotiation skills! Whether it’s role-playing with a friend or reading up on strategies, being able to confidently challenge suppliers and stakeholders is key. We want to see you shine in those discussions!
We think you need these skills to ace Supplier Compliance Specialist in Wolverhampton
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Supplier Compliance Specialist role. Highlight your finance or accounting background and any relevant experience with cost models or compliance audits. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your experience aligns with our needs. Don’t forget to mention your willingness to learn about US government regulations if you’re not already familiar.
Showcase Your Analytical Skills: Since this role involves financial audits and cost analysis, be sure to showcase your analytical skills in your application. Provide examples of how you've identified compliance gaps or made recommendations in past roles. We love seeing those problem-solving abilities!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all your documents in one go. Plus, it helps us keep track of your application better!
How to prepare for a job interview at Safran
✨Know Your Numbers
Brush up on your finance and accounting knowledge before the interview. Be prepared to discuss financial audits, cost models, and pricing strategies. This will show that you understand the core responsibilities of the Supplier Compliance Specialist role.
✨Familiarise Yourself with Regulations
Take some time to learn about US government compliance regulations, especially TINA. Even if you're not an expert yet, showing a willingness to learn and adapt will impress the interviewers and demonstrate your commitment to the role.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, like challenging supplier rates or conducting audits. Think of examples from your past experience where you've successfully navigated similar challenges, as this will highlight your problem-solving skills.
✨Show Your Collaborative Spirit
This role involves working closely with various teams, so be ready to discuss how you've collaborated in the past. Share examples of how you've improved processes or standardised outputs through teamwork, as this will showcase your ability to work well with others.
