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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. We celebrate diversity and do not discriminate based on race, religion, colour, nationality, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.
We are Armed Forces-friendly. We welcome applications from ex-Armed Forces personnel, reservists, armed forces veterans, cadet instructors and military spouses/partners.
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