Senior Commercial Analyst

Procurement at Thames Water plays a key role in delivering significant cost savings while driving wider commercial value across the business. Operating within a dynamic matrix environment, the role offers exposure to a broad range of high-value projects, stakeholders, suppliers, and business functions. The team manages approximately £1.5 billion in annual spend, overseeing contracts ranging from £100,000 to several hundred million pounds.

The purpose of this role is to provide analytical and commercial support to the wider Commercial team across multiple concurrent projects. The successful candidate will help assess procurement opportunities with stakeholders and support the end-to-end delivery of sourcing activities, ensuring recommendations deliver best value and align with business objectives.

What you’ll be doing as a Senior Commercial Analyst
As a Senior Commercial Analyst, your time will predominantly be split between data analytics, market analysis, and stakeholder engagement. This will involve:
Obtaining, cleansing and analysing large and complex data files to provide insight on our historical spend as well as identifying opportunities in cost and operational efficiency using historic and forecast information
Leading and supporting stakeholder (project) meetings and presenting findings in front of stakeholder groups, which may involve senior-level commercial and operational managers, to drive decision-making
Demonstrating a thirst for knowledge to understand the macro and micro trends in the wider supply chain and applying these to commercial strategy
Taking ownership for our commercial data, including proactively cleansing our historic and forecast data to ensure it is as accurate as possible and available to the wider team through our commercial tools
Regularly engaging with stakeholders to elicit information and define the scope of analysis, and providing support to internal and external (supplier) meetings to explain data analysis as requested
Meeting time, cost and quality milestones at all times with proactive risk escalation to prevent any potential issues
Meeting time, cost and quality milestones at all times with proactive risk escalation to prevent any potential issues
Proactively identify further opportunities for the analyst team to support the commercial process and embrace these new opportunities

Base location – Hybrid – Clear Water Court Reading

Working pattern – Monday to Friday 36 hours
Requirements for the role – A Degree in a numerical field

What you should bring to the role
To thrive in this role, the essential criteria you’ll need are:
Degree-qualified in a numerically focused discipline such as Engineering, Accounting, Mathematics, Finance, Economics, or a related field.
Proven experience in a similar analytical or commercial role within a fast-paced organisation.
Confident and proven experience in presenting business cases, insights, and recommendations to senior stakeholders and influencing decision-making
A proactive self-starter with a strong analytical mindset and the ability to perform effectively under pressure and across multiple priorities.
Advanced technical skills in Excel, VBA, Power BI, Power Query and PowerPoint, with the ability to turn complex data into clear and actionable insights.
Excellent communication and stakeholder management skills, with the ability to work independently, prioritise competing demands, and deliver high-quality outputs efficiently.
Strong problem-solving capability, including the ability to identify key issues, analyse information from multiple sources, and draw clear, commercially sound conclusions.
Good understanding of commercial business operations, with practical experience using business analysis methodologies and data modelling tools

What’s in it for you?

Competitive salary of up to £60,000 per annum depending on experience
Annual Leave - 26 days holiday per year increasing to 30 with the length of service (plus bank holidays)
Performance-related pay plan directly linked to company performance measures and targets
Generous Pension Scheme through AON
Access to lots of benefits to help you take care of you and your family’s health and…