Commercial Analyst

• Support day-to-day commercial management of M&G’s major contracts and supplier relationships
• Ensure regulatory and key control requirements for outsourced supplier services are delivered
• Validate supplier charges, challenge inaccuracies, and ensure invoices are paid within contract timescales
• Provide analytical and reporting support to Commercial Managers
• Provide insight into M&G needs and industry/market trends to identify commercial opportunities and risks
• Challenge the cost base to identify cost-reduction opportunities without detriment to service
• Lead and coordinate formal supplier commercial governance, including production of materials and minutes
• Attend Executive-level governance meetings to record minutes and actions
• Support the development and application of Supplier Management best practice
• Manage the cost validation and forecasting cycle
• Respond to wider business queries regarding contract information
• Independently manage aspects of M&G’s contracts under the direction of the Commercial Manager
• Independently manage smaller project initiatives
• Identify and implement AI opportunities to create efficiencies

• Working knowledge of analytical tools and techniques including AI
• Working knowledge of financial modelling
• Working knowledge of contract management principles and practice
• Experience of providing analytical support in complex business environments
• Some experience of working in a commercial / regulatory environment
• Strong analytical and problem solving skills
• High levels of attention to detail
• Good written and verbal communications skills, with the ability to communicate to 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
• Degree qualified (desirable)
• Relevant professional qualifications such as CIMA, Prince2, or IACCM (desirable)
• Desirable knowledge of commercial negotiation techniques
• Desirable foundation knowledge of contract law
• Desirable foundation knowledge of end-to-end sourcing process
• Desirable experience working with third-party suppliers/outsource arrangements
• Desirable relevant Financial Services industry experience

Demonstrates strong analytical skills and commercial acumen while managing supplier relationships and contract compliance. Capable of providing insights into market trends and identifying cost-reduction opportunities within a regulatory framework.

• Analytical Tools
• Financial Modelling
• Contract Management Principles
• Commercial Acumen
• Supplier Management Best Practices

• Analytical Support
• Cost Validation
• Forecasting Cycle
• Commercial Governance
• Contract Information Management

• Attention to Detail
• Problem Solving
• Written Communication
• Verbal Communication
• Judgement

• CIMA
• Prince2
• IACCM

• Financial Services
• Commercial Environment
• Regulatory Compliance
• Third-Party Suppliers
• End-to-End Sourcing Process

• AI Opportunities