Cost Modelling Manager

TN United Kingdom; Cardiff; On-site; GBP 40,000 - 80,000; Full time

Job summary

An innovative firm is seeking a Commercial Cost Modeller who will play a crucial role in analyzing and developing cost models to support evidence-based decision-making. This role involves working closely with clients to identify efficiencies and drive improvements in their cost structures. You will lead junior staff in delivering high-quality cost models while contributing to solution design and proposal development. If you have a strong background in commercial analysis, excellent communication skills, and a passion for data-driven insights, this opportunity could be your next career move.

Benefits

Flexible working arrangements

Private medical cover

Virtual GP access

Volunteering days

Qualifications

• Experience in commercial analysis and cost modelling in corporate settings.
• Strong analytical skills with the ability to handle large datasets.

Responsibilities

• Support engagement teams by analyzing client and market data.
• Oversee cost modelling delivery by junior staff and ensure quality.

Skills

Commercial Analysis

Cost Modelling

Data Analysis

Report Writing

Communication Skills

Team Leadership

Excel

Power BI

Alteryx

Education

Degree in Finance, Economics, or related field

Certifications in Cost Modelling or Data Analysis

Tools

Excel

Power BI

Alteryx

Job description

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The role

The Commercial Cost Modeller is focused on the interrogation, development, and challenge of commercial data and models, with the objectives of discovering and leveraging useful information that can be used to support evidence-based decision making.

The Commercial Cost Modeller is expected to support clients in the analysis of key commercial data and identify levers to drive efficiencies against their current models.

What your days will look like:

The Commercial Cost Modeller will be required to support engagement teams with tasks supported through review and evaluation of client data, supplier data, market data, and assessment/development of complex cost models. Typical examples include:

1. Cost modelling: analyzing and challenging client/supplier cost models, creating 'should cost' and ‘Cost Transformation’ models to identify and drive efficiency opportunities. Includes cost analysis, assessing cost drivers such as labor rates, indirect/direct costs, and inflation.
2. Performance/Incentive modelling: analyzing how financial and performance incentives (e.g., pain/gain share, KPIs) could influence supplier behavior.
3. Support to client negotiations: identifying variances in “should cost” and supplier proposals to develop negotiation strategies and align costs with contractual terms.
4. Support to business case development: utilizing “should cost” modelling outputs to generate a range of costs for approval.

As a Manager, you will be able to resolve unusual and nonstandard problems, be aware of alternative options, guide others, and anticipate future needs. You will display extensive practical experience and applied knowledge across various situations.

You will oversee the delivery of cost modelling by junior staff, QA their work, and support their development.

You will also contribute to solution design for engagements and help develop proposals to promote the team's work to potential clients.

This role is for you if:

• Experience working as a Commercial Analyst, Cost Modeller, Cost Engineer, or Management Accountant in a corporate setting.
• Knowledge and/or certifications in data models and reporting packages (ideally Excel, Power BI, Alteryx).
• Ability to analyze large datasets.
• Strong commercial awareness and cost modelling skills.
• Excellent report writing and communication skills.
• Possession or willingness to obtain security clearance.
• Experience in expanding a modelling capability within a broader portfolio of commercial services and building a team.

What you’ll receive from us:

Our offerings are designed to support and recognize your contributions, regardless of your career or personal stage.

Benefits include flexible working arrangements, private medical cover, virtual GP access, volunteering days, and more.