Cost Analyst

Job title:Cost Analyst

Location:Scotstoun. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role.

Salary: £50,000 – £55,000 depending on skills and experience

What you’ll be doing:

• Informing the creation of cost strategies and managing overall delivery of these to meet business requirements; delivering cost savings opportunities through life as a result of innovative thinking

• Proposing and presenting cost reductions to senior leaders across the Procurement team

• Ensuring a clear, rigorous understanding of cost numbers such as actuals, forecast, etc is captured and actively managed

• Developing a forward-looking cost model, coordinating with the category teams & business partners to ensure cost-forecasting supports risk and opportunity management

• Driving high quality opportunity generation through collaboration across the business

• Undertaking cost evaluation, delivering yearly actionable plans, budgets and estimating new product costs, including market analysis in supporting of bid team activities

• Ensuring a co-ordinated approach to cost management by working alongside other functions to understand customer needs, challenging requirements and identify and manage risk and opportunities

Your skills and experiences:

Essential:

• Experience working as a pricing, estimating or Cost Analyst in a similar industry

• High levels of data analytic capability with knowledge and competence in ‘should cost’ modelling

• Excellent communication and presentation skills, fostering close & trusting relationships with internal and external stakeholders

• Support a cost conscious, action-oriented mindset which anticipates and avoids cost hazards as well as delivers cost benefit opportunities

Desirable:

• Experience or qualified in Supply Chain or Cost Management

• Experience in a related field e.g Economics, Engineering, Business Analytics

• Awareness of Project Management Principles

• Awareness of change management and continuous improvement tools and techniques

Benefits:

You’ll receive benefits including a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. You’ll also have access to additional benefits such as flexible working, an employee assistance programme, Cycle2work and employee discounts – you may also be eligible for an annual incentive.

The Cost Management team:

The Cost Management team is a new team set up to develop and deliver cost management strategies across the Supply Chain. The team provides a great opportunity to be involved at the start of something new, shaping and influencing our approach to cost management for the business moving forward.

Why BAE Systems?

This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome candidates from all backgrounds and particularly from sections of the community who are currently underrepresented within our industry, including women, ethnic minorities, people with disabilities and LGBTQ+ individuals.

We also want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

We welcome applications from all suitably qualified people, who are BAE Systems employees and have been in their current role for 12 months or longer.

Please be aware that many roles working for BAE Systems will be subject to both security and export control restrictions. These restrictions mean that factors including your nationality, any previous nationalities you have held, and your place of birth may limit those roles you can perform for the organisation.

Closing Date:2nd April 2024 – Interviews for this position will take place week commencing 8th April.

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.