REED are partnered with a large employer in the South Wales area who are on the lookout for a Commercial Analyst with a keen eye for detail and a strong understanding of commercial contracts. The successful candidate will play a pivotal role in ensuring their business agreements are beneficial and compliant, while also driving efficiency and value in their operations.
Day-to-day Responsibilities:
* Conduct thorough reviews of business agreements to verify their precision and adherence to organisational standards and regulatory mandates.
* Engage in collaborative efforts with various departmental teams to draft, scrutinise, and refine contractual documents and terms, aligning them with the company’s strategic goals.
* Scrutinise and assess the financial components of contracts, including pricing and payment schedules, to enhance value and reduce exposure to risk.
* Contribute to the creation and execution of policies and procedures surrounding contract and supplier relationship management, aiming to bolster process efficiency and regulatory adherence.
* Oversee the contractual performance management, utilising service level agreements, experience level agreements, key performance indicators, and other tools to ensure effective service delivery.
* Keep abreast of market developments and industry standards to inform contract management and negotiation strategies.
* Aid in the crafting of project-related documents, ensuring they reflect the organisation’s strategic direction and client needs.
* Maintain meticulous records of contractual documents, amendments, and correspondences.
* Act as a liaison with business partners to address queries, troubleshoot issues, and negotiate adjustments to ongoing contracts.
* Perform regular checks to ensure compliance with contractual obligations and conduct audits as necessary.
Required Skills & Qualifications:
* Proficient in contract analysis, particularly with IT contracts.
* Effective negotiation skills with a focus on aligning contracts with business objectives.
* Strong financial acumen to assess contract implications.
* Experience with P2P systems for order processing and supplier payments.
* Familiarity with contract management systems for maintaining records.
* Ability to conduct market research and apply industry knowledge.
Benefits:
* Hybrid working 1-2 days required in the office per week (Newport, South Wales Site)
* Flexible working opportunities
* 25 days annual leave plus bank holidays
* Retirement Savings Plan (pension) with Aviva: 5% employee contribution, with employer doubling your contribution at 10% - totalling 15%
* 14 x salary Life Insurance linked to membership of the Retirement Savings Plan
* “Choices” flexible benefit scheme options including corporate gym memberships, dental insurance, and health cash-plans
* Access to our Financial Wellbeing Programme - allowing you to manage your benefits flexibly to suit your financial needs
* Enhanced pay for parental leave
* Retail discounts and cashback scheme
* Annual salary review
* Discretionary annual bonus
To apply for the IT Commercial Analyst position, please submit your CV detailing your relevant experience.