Cost Management Professional

BAE Systems; Barrow-in-Furness; On-site; GBP 48,000 - 56,000; Full time

Job summary

A leading defense and aerospace company in Barrow-in-Furness seeks a skilled professional for cost account management and financial planning. Responsibilities include monitoring budget variances, preparing reports for senior management, and implementing cost-saving efficiencies. Strong knowledge of SAP and Microsoft Excel is required, alongside relevant vocational qualifications. This role offers a competitive salary and a range of benefits.

Benefits

Competitive pension scheme

Employee share plans

Flexible health and wellbeing benefits

Relocation support packages

Qualifications

• Proven experience in Cost Account Management or Financial Planning.
• Strong working knowledge of SAP and Microsoft Excel.
• Understanding of risk management in relations to cost planning.

Responsibilities

• Maintain cost account systems and ensure compliance.
• Monitor and analyze budget variances with teams.
• Identify and implement cost savings and efficiencies.
• Prepare financial reports for senior management.

Skills

Cost Account Management

Financial Planning

Financial Planning & Analysis

SAP

Microsoft Excel

Risk Management

Education

Relevant vocational qualification (e.g. HNC, Prince2 Foundation)

Job description

Responsibilities

• Maintain cost account systems, procedures, processes and practices to track OpEx costs and ensure compliance with those internal procedures
• Monitor and analyse variances between monthly, quarterly and annual and forecasted budgeted expenses with internal and external teams
• Identify and support the implementation of cost savings and efficiencies within the budget
• Provide financial guidance and support to sub-cost account teams that make up the overall Product Group budget
• Progress risk and opportunity identification, assessment, cost and risk mitigation plans for services outside of the formal budget
• Prepare and articulate monthly, quarterly and annual financial reports for senior management

Qualifications

• Proven experience in Cost Account Management, Financial Planning or Financial Planning & Analysis
• Strong working knowledge of SAP and Microsoft Excel
• Understanding of risk management in relation to cost planning and forecasting
• A relevant vocational qualification (e.g. HNC, Prince2 Foundation, or equivalent experience)

Desirable

• Solid understanding of ITIL4 frameworks and principles
• Experience of supporting or working within an IT function, ideally within large, complex environments

Security and Vetting Requirements

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Salary and Benefits

Salary: Circa £48,000 depending on skills and experiences. As well as a competitive pension scheme, BAE Systems also offers employee share plans, an extensive range of flexible discounted health, wellbeing and lifestyle benefits, including a green car scheme, private health plans and shopping discounts – you may also be eligible for an annual incentive.

About the Role & Why BAE Systems

The Digital Workplace and Infrastructure Services team. You will be joining us in the IT Function within BAE Systems Submarines and your role will play a critical part of a new 'Intelligent Customer' Team that will lead the IT relationship lead into the wider BAE Systems group and Submarine business unit. This is a really exciting time to join us here in the team with our business growth. We offer relocation support packages across all Submarines roles, subject to meeting eligibility criteria.

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 of thought, rewards integrity, and merit, and where you'll be empowered to fulfil your potential. We welcome people from all backgrounds and 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.