This role will play a key part in establishing a Procurement Finance Analyst capability in the UK, working closely with Procurement and Supplier Management teams to evaluate supplier proposals, identify cost efficiencies and support commercial negotiations.
The successful candidate will act as the primary financial interface during contract acquisitions, conducting detailed cost and price analysis to establish fair and reasonable pricing positions. Using market intelligence, cost modelling and financial analysis, you will support both commercial and government procurement activities while driving best value across the supply chain.
Key Responsibilities
Lead cost and pricing analysis of supplier proposals and help establish the Procurement Finance Analyst capability within the UK business.
Develop macro and microeconomic metrics across the supply chain, including monitoring market indices, foreign exchange movements and legislative impacts.
Gather, analyse and interpret supplier financial data to identify performance trends and cost-saving opportunities.
Assess complex supplier proposals to determine fair and reasonable pricing positions.
Conduct detailed cost and price analysis using statistical methods, market intelligence and parametric cost models.
Develop and substantiate cost estimates to support supplier negotiations.
Work collaboratively with Procurement, Finance, Engineering and Supplier Management teams.
Extract, analyse and present supplier and business performance data through reports and KPIs.
Develop material cost tracking processes and support expenditure planning.
Evaluate supplier pricing structures, including fixed-price and cost-plus arrangements.
Conduct financial, operational and proposal audits of supplier data and supporting documentation.
Develop cost estimates using historical data, technical requirements and industry benchmarks.
Support procurement teams in developing negotiation strategies that achieve best value.
Assist with supplier selection, bid evaluations and contract placement activities.
Represent Supply Chain at programme and supplier meetings.
Build strong relationships across internal and external stakeholders.
Ensure compliance with company policies, procedures and regulatory requirements.
Essential Skills & Experience
Minimum of five years' experience in Procurement Finance, Cost Analysis, Finance, Estimating, Contracts, Business Operations or Supplier Management.
Bachelor's degree (or equivalent) in Finance, Business, Economics or a related discipline.
Strong experience analysing supplier proposals, pricing data and financial information.
Excellent analytical and numerical skills with the ability to interpret complex datasets.
Experience using cost models, pricing analysis and market data to support procurement decisions.
Strong communication and stakeholder management skills.
Ability to influence commercial negotiations through robust financial analysis.
Highly organised with excellent attention to detail.
Proficient in Microsoft Excel and financial analysis tools.
Desirable
Experience within the aerospace, defence or highly regulated engineering sectors.
Knowledge of government and commercial procurement practices.
Experience supporting supplier negotiations and sourcing activities.
Familiarity with cost-plus and fixed-price contract structures.This is an excellent opportunity to join a collaborative procurement team where you'll play a key role in shaping supplier strategy, driving cost efficiencies and supporting complex procurement activities within a fast-paced aerospace and defence environment
Salary description
£30.00 - £35.00 per hour