Cost Recovery Analyst

BT Group; Ipswich City; Hybrid; AUD 116,000 - 165,000; Full time

Benefits offered by this job

10% on target annual bonus

Online private GP 24/7 for you and a1

Market-leading paid carers leave up to

Pension scheme – 5% employee + 10%

Holiday purchase scheme

Job summary

BT Group seeks a Cost Recovery Analyst to support IPA cost recovery activities, ensuring costs are identified, evidenced and recovered in line with regulatory standards. The role requires DV security clearance and can be based in Ipswich, London or Bristol with a 3–2 hybrid pattern.

You'll work at the intersection of finance and regulation, engaging stakeholders and balancing financial outcomes, compliance and enterprise risk to support government obligations.

Qualifications

• Experience in financial controls, compliance and risk management.
• Experience with statutory and external financial reporting.
• Experience in forecasting, planning and budgeting.
• Experience in project/programme management.
• Experience in financial data analysis and insight.

Responsibilities

• Support end-to-end cost recovery framework for IPA activities.
• Ensure alignment with fair, proportionate, evidence-based recovery.
• Establish governance and controls for accuracy and audit readiness.
• Prepare validation and submission of cost recovery claims.
• Ensure claims are compliant, evidenced, on time and high quality.

Skills

Financial controls

Compliance & risk

External reporting

Forecasting & budgeting

PM/Programme management

Financial data analysis

Job description

Posting End Date: 20/11/2026

Job Location: GBR Bristol CTRL TE, GBR Ipswich ATE, GBR London - 5 Canada Square

Competitive Salary + Benefits

Due to the sensitive nature of this role, you will be required to undergo DV (Developed Vetting) level Security Clearance (https://www.gov.uk/government/publications/united-kingdom-security-vetting-clearance-levels/national-security-vetting-clearance-levels). An allowance per annum may be payable monthly while you hold this DV and continue to work in a role that requires that level of security clearance. The terms of this allowance will be made available if you are successful in being recruited into this role.

Security isn’t always the first thing that comes to mind when you think of BT, but when it comes to keeping everyone safely connected, We Are The Protectors. We deal with thousands of cyber-attacks every day, so that millions of people can safely go about their daily lives and run their businesses. We deliver vital work at scale, with real breadth and impact. We connect for good.

About The Role

The Cost Recovery Analyst is responsible for supporting and delivering cost recovery activities associated with obligations under the Investigatory Powers Act (IPA) 2016.

The role ensures that all eligible costs incurred in delivering Government requirements are accurately identified, robustly evidenced, and successfully recovered, while maintaining full compliance with regulatory and audit standards.

This position operates at the intersection of finance, regulation, and operational delivery, requiring strong stakeholder engagement and commercial acumen to balance financial outcomes, compliance, and enterprise risk.

This job role can be based in Ipswich, London or Bristol. Hybrid (3 days office based & 2 days remote)

Mon-Fri 37.5.

DV Security Clearance is required. Must have lived in UK for 10+ years to obtain clearance.

What You’ll Be Doing

• Supports the continual improvements of the end-to-end cost recovery framework for IPA activities.
• Ensure alignment with Government principles of fair, proportionate, and evidence-based recovery.
• Establish strong governance and controls to ensure consistency, accuracy, and audit readiness.
• Prepare for the validation, and submission of all cost recovery claims.
• Ensure claims are: fully compliant with Government guidance, supported by clear audit trails and evidence, delivered on time and to a high standard.

Essential Skills / Experience

• Financial Controls, compliance and risk
• Statutory & External Financial Reporting
• Forecasting, Planning & Budgeting
• Project/Programme Management
• Financial & Data Analysis & Insight

Desirable Skills / Experience

• Strong experience in financial management, cost recovery, or regulatory finance.
• Proven ability to manage complex stakeholder environments, including government bodies.
• Knowledge of regulatory frameworks (ideally within telecoms or public sector).
• Strong analytical skills with experience in financial modelling and data interpretation.
• Ability to translate complex information into clear, concise executive communications.

Our Package

Tailored benefits make a real difference. That’s why we offer a comprehensive range to support your growth, wellbeing, and everyday life.

You can design the package to suit you and your lifestyle.

Your core benefits include:

• 10% on target annual bonus
• Access to an online private GP 24/7 for you and your immediate family
• Market-leading paid carers leave with up to 2 weeks off
• Equalized maternity, paternity, and adoption leave – 18 weeks’ full pay and 8 weeks’ half pay
• Discounted EE and BT products, including mobile and broadband
• Market leading Pension scheme – 5% from you and 10% from us
• Holiday purchase scheme

You can select additional benefits, including healthcare, dental, gym memberships and more when you’re ready.

Join us at a pivotal moment for BT Business. We are executing a multi-year transformation to restore growth, modernise at scale and unlock new markets beyond connectivity. Our ambition is clear – return to sustainable revenue and EBITDA growth, strengthen our market position, and deliver meaningful shareholder value through disciplined execution and bold reinvention.

We are fundamentally reshaping the business – simplifying our portfolio, digitising our customer experience and building market-leading capability across cyber, AI and managed services, all powered by the UK’s leading fixed and mobile networks. This is a shift from a legacy connectivity provider to a modern, solutions-led, AI-first business that can truly differentiate in a competitive and fast-moving market.

With execution momentum building and a clear path to growth, the opportunity now is to scale what works, accelerate performance and fully realise our potential. This is about delivering against ambitious financial outcomes while transforming how we operate – creating a business that is simpler, faster, more innovative and easier to do business with.

If you want to be part of the team shaping the turnaround of a multi-billion-pound business – and building a stronger, more competitive BT for the future – this is your moment.