Commercial Business Analyst

Job Summary by the careerbalance.co.uk Team:

111Job Description:This is a fantastic opportunity to be involved with  providing invaluable analytical support to the wider Commercial team, often supporting a portfolio of projects. The successful candidate will be heavily involved in the assessment of opportunities with stakeholders and closely involved in the day-to-day delivery of sourcing projects ensuring that recommendations reflect the best possible value and are in line with business objectives.

What you’ll be doing as Commercial Business Analyst
Your time will predominantly be split between data analytics, supporting sourcing and contract managers with market analysis, and stakeholder engagement.  This will involve:

1. Obtaining, cleansing and analysing large data files to provide insight on our historical spend as well as identifying opportunities in cost and operational efficiency. As part of this process, using the historical data, you may also be required to provide information on our future demand.
2. Attending stakeholder meetings and presenting your findings in front of stakeholder group, which may involve senior level commercial and operational managers.
3. With support from the project team, developing appropriate commercial models and pricing templates/ bid sheets for each sourcing initiative either by using existing templates or creating new models.
4. Supporting the development of sourcing recommendations, by providing commercial analysis of final costs verses budgets and baseline outlined in sourcing strategy and evidencing what additional business value has been enabled.
5. Regularly engaging with stakeholders to elicit information and define scope of analysis.
6. Providing support to internal and external (supplier) meetings to explain data analysis as requested.
7. Supporting the development of sourcing recommendations, by providing commercial analysis of final costs verses budgets and baseline outlined in sourcing strategy and evidencing what additional business value has been enabled.
8. Regularly engaging with stakeholders to elicit information and define scope of analysis.
9. Providing support to internal and external (supplier) meetings to explain data analysis as requested.

What you should bring to the role?

• Degree in a numerical field such as Accountancy, Business Degree, Mathematics or equivalent
• Advanced knowledge of Visual Basic to be able to create macros.
• Experience with Power BI.
• This role requires a self-starter with a proven strong analytical mind set and proven ability to work well under pressure.
• You will be self-sufficient, hold strong communication/stakeholder engagement skills, and be able to prioritise/multitask to produce required deliverables efficiently. Key to this role is also the ability to isolate key issues and draw sound conclusions from various sources of information.
• Ideally a good understanding of a commercial business and experience in the relevant functional area, or at least a high personal drive to gain this capability quickly. Equally, experience with business analysis techniques, data modelling tools would be desirable but is not essential.

What’s in it for you? 

• Competitive salary up to £40,000 per annum.
• Annual Leave – 26 days holiday per year increasing to 30 with the length of service (Plus bank holidays).
• Contributory pension – Defined Contribution – Maximum of 12% -2x employee contribution
• Personal Medical Assessments – Open to all once a year.
• Wider benefits scheme including our benefits hub, which is packed full of offers and information to save you money and support your wellbeing.

Who are we?
At Thames Water, our purpose is crystal clear – to deliver life’s essential service so our customers, communities and planet can thrive.

Water is life’s great leveller. Every living thing needs it, every single day. From people to plants, birds to bees, farms to factories, we all need it to thrive, and we’re committed to taking care of it for us all.

But keeping water flowing is becoming harder. From scorching summers to wetter winters, extreme weather affects everything from our pipes to our local rivers. We need to keep millions more kettles boiling, public services operating, washing machines spinning, showers running and more, so every drop is more precious than ever. Are you ready to play your part?

Working at Thames Water
At Thames Water we recognise that people are at the heart of our business. To help us succeed in providing life’s essential service, we need a range of skills and capabilities, representative of society throughout our business.

We seek to attract and retain a cultural mix of people who can offer different but complementary attitudes, values, talents, and knowledge. We understand the importance of appreciating and harnessing the unique skills, experiences, background, and differences that each individual brings.

Our over-arching diversity and inclusion aim is to ensure Thames Water is a diverse and inclusive great place to work. We encourage applications from everyone and offer extra support for those who need it throughout the recruitment process.

Find out more about working at Thames Water.

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business, meet colleagues and earn some extra money along the way.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.Location: South East, Reading