Commercial Analyst

Go Traffic Management Limited; Bristol; On-site; GBP 40,000 - 45,000; Full time

Job summary

Network Plus is seeking a Commercial Analyst to support the Commercial Manager in Bristol. You will drive efficiencies, manage project costs and regional performance while handling all financial aspects of projects, ensuring alignment with the Schedule of Cost Components.

You will lead the accounting process, maximise margins, manage Target Price, and identify risks and opportunities to improve financial performance.

Qualifications

• Degree qualification (RICS accredited or equivalent) desirable.
• Experience in the Utilities industry.
• Experience with Compensation Events and Early Warnings in fast-paced utilities/infrastructure environments.
• Direct experience with NEC3 or NEC4 Option C desirable.
• Ability to prioritise workload under tight time pressures.
• Excellent communication skills and high attention to detail.

Responsibilities

• Manage and monitor project costs including weekly P&L reporting.
• Review contract documents and advise on issues.
• Track progress and cash flow forecast information.
• Produce and review commercial forecasts, CVRs and Project Finance Reports.
• Identify and mitigate risks of Disallowed Cost with robust records and procurement procedures.
• Manage Subcontract Forecasting, Orders, and terms negotiations.
• Prepare subcontract documents, enquiries and quotations assessments.
• Place subcontract orders and certifications for valuations, payments and final accounts.
• Manage change control, risk and value management; track variations and notices.
• Attend risk reviews and commercial meetings on-site with the client.
• Be involved with tenders and pricing; assist Credit Control with cash forecasting.

Skills

Communication skills

Attention to detail

Prioritisation

Logical thinking

Education

Degree (RICS accredited or equivalent)

Job description

Commercial Analyst

Department: Bristol Water

Employment Type: Permanent - Full Time

Location: Bristol Water HQ

Reporting To: Tom Mansfield

Compensation: £40,000 - £45,000 / year

Description

As a Commercial Analyst, you will support the Commercial Manager; helping to drive efficiencies; managing costs and regional performance for our clients. This role will see you take control of all financial aspects of the project; overseeing all commercial & contractual matters.

You will lead the accounting process, ensuring all project expenditures align with the Schedule of Cost Components. You will be accountable for maximizing performance by managing the Target Price and identifying efficiencies to improve the Pain/Gain share.

You will deliver the desired margin return utilising high standards of commercial acumen. Whilst identifying, recording and tracking, both risks and opportunities.

Key Responsibilities

We are looking for someone to:

• Manage and monitor project costs including weekly P&L reporting
• Review contract documents and advise on any issues
• Track the progress and cash flow forecast information
• Produce and review commercial forecasts, Cost Value Reconciliation (CVRs) and Project Finance Reports
• Proactively identify and mitigate risks of Disallowed Cost (e.g., ensuring timely Early Warnings, maintaining robust records, and following agreed procurement procedures).
• Take responsibility for Subcontract Management; including Subcontract Forecasting, raising Subcontractor Orders and Negotiating Subcontract terms
• Prepare subcontract documents, enquiries and assessment of quotations
• Place subcontract orders, agreement and certification of subcontract valuations, invoice, subcontract payments and final account agreements
• Be responsible for the management of the change control process, risk and value management
• Manage and track project changes, variations and/or notices
• Assess and value variations and compensation events
• Prepare and submit interim valuations and payment applications to clients, along with the agreement of final accounts
• Attend risk review, progress and commercial meetings on-site with the Client
• Be actively involved with tenders and pricing
• Assist Credit Control with cash recovery and forecasting
• Support the operational team in daily commercial and contractual aspects

Experience and Qualifications

• Degree qualification (RICS accredited or equivalent) is desirable but not essential
• Ideally you will have experience working in the Utilities industry
• Proven ability to manage Compensation Events and Early Warnings within a fast-paced utilities or infrastructure environment.
• Direct experience with NEC3 or NEC4 Option C is desirable but not essential
• Ability to prioritise workload, multi-task and work under tight time pressures
• Excellent communication skills
• High attention to detail
• Logical mind

Salary and Benefits

We offer a competitive salary based on experience along with a full benefits package.

Network Plus is proud to be an Equal Opportunity Employer.

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