Commercial Business Analyst

  • Job Reference: 10903
  • Date Posted: 15 September 2020
  • Employer: Thames Water
  • Location: Reading
  • Salary: £30,000 to £37,000
  • Sector: Accounting & Finance
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

About the role:
 
To provide 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.
As a 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. Support the Analytics team to promote and imbed our technology through championing our systems and running training sessions for the Commercial and wider business.
 
To be successful you will have the following skills and experience:
 
  • Degree in a numerical field such as Accountancy, Business Degree, Mathematics or equivalent
  • At least 2 years of experience in a previous organisation in a similar role.
  • 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, the Business Analyst will already have 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:
 
You will be joining at a time when the entire Water industry is transforming towards a more competitive market - the biggest change since privatisation.
Commercial at Thames Water will be looking to deliver against strong savings targets across this and the next period, as well as delivering value over and above the pound sign. Working within a matrix environment, the successful candidate will gain great exposure to a huge range of projects, business stakeholders, suppliers and wider business streams. The Commercial team at Thames Water is currently responsible for £1.5 billion worth of spend per year, with contract values ranging between circa £100,000 through to hundreds of million pounds.
This role is within Thames Water Commercial which is an excellent development opportunity and will suit candidates with some relevant commercial experience and a strong numerical background. Opportunity to move into the wider business at Thames Water is actively encouraged, and those joining analytical positions are seen as a great talent pool to other business streams.
 
Our competitive salary package includes an excellent contributory pension, 26 days holiday per year increasing to 30 with length of service and a wider benefits scheme. This includes an annual pay review, season ticket loans, voucher scheme giving you money off in major retail outlets, loyalty awards for continuous service plus much more, including our referral scheme, where you can receive £750 for helping someone get a permanent position within the company. 
We’re also proud to be here for our local community, offering everyone two days paid volunteer leave a year, as well as proudly supporting a lot of local events and charities.