Senior Cost Analyst

We have an exciting opportunity for a Senior Cost Analyst who has experience in providing comprehensive financial planning and reporting support to the Retail – Service delivery team (Demand reduction programmes).

What you will be doing as the Senior Cost Analyst:
The role will support the Programme Cost & Financial Planning Manager by producing monthly, quarterly, and annual financial reporting, along with valuable performance insight, to drive efficiency and support the TW turnaround journey. The role also supports the management of the Metering stock control and reporting.
Key responsibilities include but are not limited to:

• Owning and preparing monthly financial results (VOWD), accrual management, and variance analysis against set budgets for management and group finance reporting.
• Prepare and manage detailed budgets and forecasts for the Demand Reduction programme Customer side Leakage, monitoring performance against agreed targets and investigating the operational cause of variances and issues.
• Build and maintain financial cost models for Demand Reduction programmes.
• Manage the lifecycle of capital projects in SAP from creation, and delivery monitoring, to closing down and commission the asset or write-off costs if no asset is created.
• Support Projects Managers is preparing upcoming Investment Papers, providing financial input for review and endorsement ahead of submission for approval.
• Support in improving and maintaining a robust stock management system for Meter stock. From Meter procurement to accurate cost allocation in projects.

What you should bring to the role:

• Strong Finance background – Project Cost Management.
• Strong analytical, Excel and PowerPoint skills, Power BI.
• Experience using and building financial models in Excel.
• SAP ERP.
• Power BI.
• An understanding of stock management would be desirable.
• Strong business and commercial acumen.

We would be particularly interested in those candidates that have a part qualification accountant ACA, ACCA, CIMA or someone working towards a qualification would be viewed favourably but not essential.

Location: Hybrid - Worcester House, Langley SL3 6EY, Occasional travel to Clearwater court or MGJV Stock Warehouses. (Dartford, Wantage, Stoke Newington, Colnbrook)

Hours: 36 hours per week.

What’s in it for you?

• A competitive salary of £48,000 and up to £58,000 per annum depending on skills and experience.
• Annual Leave – 26 days holiday per year increasing to 30 with the length of service. (Plus, bank holidays).
• Contributory pension – Defined Contribution - Maximum of 12% -2x employee contribution.
• Personal Medical Assessments – Open to all once a year.
• Wider benefits scheme including our benefits hub, which is packed full of offers and information to save you money and support your wellbeing.

Who are we?
At Thames Water, our purpose is crystal clear - to deliver life’s essential service so our customers, communities and planet can thrive.

Water is life’s great leveller. Every living thing needs it, every single day. From people to plants, birds to bees, farms to factories, we all need it to thrive, and we’re committed to taking care of it for us all.

But keeping water flowing is becoming harder. From scorching summers to wetter winters, extreme weather affects everything from our pipes to our local rivers. We must keep millions more kettles boiling, public services operating, washing machines spinning, showers running and more, so every drop is more precious than ever. Are you ready to play your part?

Working at Thames Water
At Thames Water, we recognise that people are at the heart of our business. To help us succeed in providing life's essential service, we need a range of skills and capabilities, representative of society throughout our business.

We seek to attract and retain a cultural mix of people who can offer different but complementary attitudes, values, talents, and knowledge. We understand the importance of appreciating and harnessing the unique skills, experiences, backgrounds, and differences that each individual brings.

Our over-arching diversity and inclusion aim is to ensure Thames Water is a diverse and inclusive great place to work. We encourage applications from everyone and offer extra support for those who need it throughout the recruitment process.

Find out more about working at Thames Water.

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business, meet colleagues and earn some extra money along the way.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date. We encourage you to apply as soon as possible to avoid