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Commercial Data Analyst

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  • Location:

    London

  • Sector:

    Technology & Digital

  • Job type:

    Permanent

  • Salary:

    £52000 - £56000 per annum

  • Contact:

    Jake Appleton

  • Email:

    jake.appleton@yolkrecruitment.com

  • Contact phone:

    02921 67 37 46

  • Job ref:

    BH-28944

  • Published:

    about 1 month ago

  • Expiry date:

    30 June 2022

  • Start date:

    2022-05-18

Commercial Data Analyst - up to £56,000 per annum - Market-Leading Company - 2/3 Stage Process - London/Hybrid - Huge Career Prospects

Yolk Recruitment are recruiting for a Commercial Data Analyst to join our client's team in London. The role can be based from any of the employer's UK locations, however London is the largest hub.

Overview:

The role of Commercial Analyst is focused on the interrogation and challenge of commercial data, with the objectives of discovering and leveraging useful information that can be used to support evidence based decision making.  The Commercial Analyst is expected to support clients in the analysis of key commercial data and identify levers to drive efficiencies against their current models. 
 
Role description:

The Commercial Analyst will be required to support engagement teams with a number of tasks. The focus of the role will be the review and evaluation of supplier data and assessment of complex cost models. Typical examples of these are included below:
    • Cost modelling: analysing and challenging client cost models, and creation of 'should cost' models to identify and drive efficiency opportunities.  Includes cost analysis, assessing cost drivers such as: labour rates, Indirect / direct costs and escalation.
    • Incentive modelling: analysing how the financial and performance incentives of a contract (e.g. pain / gain share, KPIs) could influence supplier behaviour.
    • Profit checks: to assess whether suppliers are correctly applying yield rate by assessing errors in cost modelling to ensure that costs are correctly quoted.
    • Competitor analysis: to review, compare and challenge supplier and contract cost data to identify potential efficiencies.
    • QDC modelling: explores how Qualifying Defence Contracts (QDC) can best apply the information and rights granted under the single source contract regulations to deliver efficiencies and value for money.
    • Historical cost benchmarking: assesses what has been paid previously for the same or similar items and uses that information to determine a comparable cost.
    • Component cost analysis: breaking down the cost of individual product elements so that they can be challenged.
The successful candidate will also be expected to participate in other commercial, procurement, financial and data analytics projects as the need arises.
As a Manager you will be able to resolve unusual and nonstandard problems and issues, is aware of alternative options and approaches to situations, can guide and advise others in this skill and is able to look ahead and anticipate. Displays extensive practical experience and applied knowledge of the subject in a wide range of work situations. Is seen as a role model for others and people will seek their advice. May be involved in coaching or mentoring activities related to this skill.

Requirements:

We're looking for candidates with the following:
    • Commercial Management/Buying Experience and/or working towards/achieved MCIPS status.
    • Knowledge and/or certifications demonstrating capability working with data models and reporting packages (Primarily Excel or Power BI)
    • Ability to analyse large data sets
    • Ability to write comprehensive reports
Preferred:
    • Experience working as a data analyst in a corporate function
    • Undergraduate degree (e.g. BSc, BA)
    • Financial analysis experience (with a particular focus on Cost Accounting) and/or working towards/achieved chartered CIMA status.