At a Glance
- Tasks: Lead bid estimation for high-stakes projects, ensuring accurate costing and financial modelling.
- Company: Thales UK innovates in Defence, Aerospace, Security, and Space, impacting millions daily.
- Benefits: Enjoy hybrid working, competitive salary, 28 days leave, and a supportive work culture.
- Why this job: Join a mission-driven team, work with cutting-edge technology, and grow your career in a dynamic environment.
- Qualifications: Experience in bid estimation, strong numerical skills, and familiarity with UK MOD processes required.
- Other info: Security clearance is necessary; flexible working patterns to suit your lifestyle.
The predicted salary is between 48000 - 72000 £ per year.
Location: Glasgow, United Kingdom
Thales people architect solutions that are relied upon to deliver operational advantage at every decisive moment throughout the mission. Defence and armed forces customers rely on us to deliver the full range of defensive systems for land, sea, and air. From early warning to threat neutralisation, our platforms cover all levels from very short-range systems to extended protection across the entire battle-space including Airspace Mobility Solutions, Vehicles and Tactical Systems and Missile Defence, Optronics, and Radar.
Together we offer fantastic opportunities for committed employees to learn and develop their career with us. At Thales UK, we research, develop, and supply technology and services that impact the lives of millions of people each day to make life better and keep us safer. We innovate across the major industries of Aerospace, Defence, Security and Space.
Your health and well-being matters to us and that’s why we offer you the flexibility to do what’s important to you; whether that’s part time hours, job sharing, home working, or the ability to flex your start and finish times. Where possible, we support a working pattern that suits your lifestyle and helps you reach your ambitions.
Our Opportunity:
Thales Optronics and Missile Electronics (OME) have a great opportunity for the Head of Bid Estimating to join the team in Glasgow. Reporting to the Head of Contracts for OME UK, the Head of Bid Estimating is responsible for delivery of an effective and efficient estimating, costing and financial modelling service through engagement with internal and external stakeholders. Specifically, responsibilities include:
- Coordination, creation, review and presentation of Estimating, Costing and Pricing information for bids and proposals.
- Preparation and presentation of estimating and financial data for internal review as part of the Bids and Proposals approval process.
- Modelling of estimated costs, overheads, funding, cashflow, margin, profitability etc.
- Support of the continued development, improvement and implementation of estimating, costing and financial modelling methodologies, processes, and tools.
- Contributing to / leading Single Source Pricing Regulations negotiations with UK MOD.
About you:
- Experience of working within a fast-paced bidding environment.
- Experience of costing and pricing bids in excess of £100M.
- Proficiency in numerical analysis and complex problem solving.
- Ability to articulate ideas and information in a clear and persuasive manner under pressure of time.
- Self-motivated and excellent organisation skills, delivering to agreed timescales with attention to detail.
- Open, positive attitude to new ideas, practices & methods.
- Experience within the Aerospace and Defence industry.
- Experience of developing, planning and implementing cost and price modelling strategies during the early bid stage.
- Proven background in generating cost estimates and conducting cost analysis, and advising senior management in support of bid decisions.
- Experience of risk and opportunity analysis and modelling.
- Conversant in use of recognised estimating, pricing and project control methodologies and tools, e.g. Microsoft Office Suite, ProPricer, PRICE TruePlanning, Primavera, etc.
- Experience of UK MOD procurement and cost assurance processes.
- Experience of Single Source Pricing Regulations negotiations with UK MOD.
- Experience of costing, pricing and associated negotiations with international customers.
Security Clearance statement:
Due to the nature of the work that we do at Thales, many of our roles are subject to security restrictions. This role requires you to be a British National and achieve Security Clearance (SC) without any caveats. It would be advantageous if currently held, however, if not currently held, it is a requirement that the successful applicant undergo, achieve, and maintain SC Clearance prior to commencing employment.
What We Can Offer:
We’re committed to giving you opportunities to be your best. We believe in embracing the passion and potential of our people, and to achieve this we offer market leading training, development and experiences, along with the opportunity to be mentored and coached by some of the smartest minds in the industry. We hire from within as our first priority, so you’ll have a myriad of opportunities within our diverse, global organisation.
Other Benefits:
- Alongside a competitive base salary, we offer a variable compensation plan bonus and benefits package, which includes Half day every Friday, usually finishing around 13:00pm.
- Hybrid working.
- Pension Scheme.
- 28 days annual leave (Plus Bank Holidays).
- Life Cover.
- Progression and Development Opportunities.
- 24/7 Employee Assistance Program and access to mental wellbeing app.
- Employee discount shopping schemes on major brands and retailers.
- Development focused targets and relocation support can be provided if required along with a variety of learning, development and career enhancement opportunities.
Thales is an equal opportunities employer and diversity and inclusion are integral to the success of Thales.
In line with Thales' Baseline Security requirements, candidates will be asked to provide evidence of identity, eligibility to work in the UK and employment and/or education history for up to three years. Some vacancies may require full Security Clearance which can require further evidence to be provided.
At Thales we provide CAREERS and not only jobs. With Thales employing 80,000 employees in 68 countries our mobility policy enables thousands of employees each year to develop their careers at home and abroad, in their existing areas of expertise or by branching out into new fields. Together we believe that embracing flexibility is a smarter way of working.
Thales UK is committed to providing an inclusive and barrier-free recruitment process. We will provide reasonable adjustments and support to ensure neuro-diverse applicants or those with a disability or long-term condition can be their best during the recruitment process.
Great journeys start here, apply now!
Bid Finance Manager employer: Thales Group
Contact Detail:
Thales Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Bid Finance Manager
✨Tip Number 1
Familiarise yourself with the specific technologies and methodologies mentioned in the job description, such as ProPricer and PRICE TruePlanning. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the Aerospace and Defence industry, particularly those who have experience in bid estimation. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with costing and pricing bids over £100M in detail. Be ready to share specific examples of how you've successfully navigated complex bidding environments and contributed to significant projects.
✨Tip Number 4
Understand the Single Source Pricing Regulations and UK MOD procurement processes thoroughly. Being well-versed in these areas will set you apart as a candidate who is not only qualified but also proactive in understanding the regulatory landscape.
We think you need these skills to ace Bid Finance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in bid estimation, costing, and financial modelling. Use specific examples that demonstrate your proficiency in numerical analysis and problem-solving, especially in high-value bids.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your motivation for applying to Thales and how your background aligns with the role of Bid Finance Manager. Mention your experience with UK MOD procurement processes and any relevant tools you are familiar with.
Highlight Relevant Skills: In your application, emphasise skills such as organisation, attention to detail, and the ability to work under pressure. Provide examples of how you've successfully managed complex projects or negotiations in the past.
Prepare for Security Clearance: Since this role requires Security Clearance, be ready to provide evidence of your identity and residency in the UK. Familiarise yourself with the requirements for SC clearance to ensure a smooth application process.
How to prepare for a job interview at Thales Group
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid understanding of the Bid Finance Manager role. Familiarise yourself with the responsibilities mentioned in the job description, such as estimating, costing, and financial modelling. This will help you articulate how your experience aligns with their needs.
✨Prepare for Technical Questions
Given the technical nature of the role, be ready to answer questions related to cost estimation methodologies and tools like ProPricer or PRICE TruePlanning. Brush up on your knowledge of UK MOD procurement processes and Single Source Pricing Regulations, as these are crucial for the position.
✨Showcase Your Problem-Solving Skills
The ability to solve complex problems is key for this role. Prepare examples from your past experiences where you successfully navigated challenges in bid estimation or financial modelling. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Demonstrate Your Communication Skills
As the role involves presenting financial data and engaging with stakeholders, it's important to showcase your communication skills. Practice explaining complex financial concepts in a clear and persuasive manner. This will demonstrate your ability to articulate ideas effectively under pressure.