Commercial Analyst - Fixed Term Contract

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. 

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role: Commercial Analyst - 8-9mth Fixed Term Contract

M&G outsources a significant part of its operational business to suppliers and therefore must ensure the successful commercial management of these supplier relationships. Due to the size and complexity of these contracts, analytical support is required both for business and regulatory purposes.

The Commercial Analyst role will support both the day to day commercial aspects of managing M&G’s major contracts and relationships as well as ensuring that M&G Life meet the regulatory and key control requirements associated with outsourced supplier services.

Key Responsibilities:  

The Commercial Analyst role works in partnership with Commercial Managers who have commercial responsibility for multiple  major suppliers. Key areas of Commercial Analyst responsibility;

• To ensure the regulatory and key control requirements associated with outsourced supplier services are delivered
• To ensure that supplier charges are accurate and challenged where appropriate and the invoices are paid in line with contract timescales
• To provide analytical and reporting support to Commercial Managers
• To provide insight around M&G needs and industry / market trends to enable identification of commercial opportunities and risks
• Continually challenge and question cost base with a view to identify opportunities to reduce cost without detriment to service
• To lead and coordinate formal supplier commercial governance including production of materials and minutes and to attend Executive level governance meetings to record minutes and actions
• To support the development and application of Supplier Management best practice
• To manage the cost validation and forecasting cycle
• To respond to queries from the wider business for contract information
• To independently manage some aspects of M&G’s contracts, under the direction of the Commercial Manager
• To independently  manage smaller project initiatives
• To look for and implement AI where appropriate to bring efficiencies

Key Knowledge:

• Essential - Working knowledge of analytical tools and techniques including AI
• Essential - Working knowledge of financial modelling
• Essential - Working  knowledge of contract management principles and practice
• Desirable - Working  knowledge of commercial negotiation techniques
• Desirable - Foundation  knowledge of contract law
• Desirable - Foundation knowledge of end to end sourcing  process

Key Experience:

• Essential – experience of providing analytical support in complex business environments

• Essential  -  some experience of working in a commercial / regulatory environment
• Desirable – some experience of working with third party suppliers/outsource arrangements
• Desirable  – some relevant industry ( Financial Services ) working experience

Personal Attribute/Skills :

• Strong analytical and problem solving skills
• High levels of attention to detail
• Good written and verbal communications skills, the ability to communicate to a range of stakeholders at all levels of the organisation
• Demonstrated commercial acumen
• Pragmatic, with good judgement
• Capable of independent working and working effectively across a wider team
• Ability to work effectively in an ambiguous environment

Qualifications:

• Desirable: Degree qualified
• Desirable : Relevant professional qualifications ( CIMA , Prince2, IACCM)

Recruiter: Sarah Mathers

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: [email protected]