Pricing Analyst

Posted:
11/10/2024, 4:00:00 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom ⋅ Cheltenham, England, United Kingdom

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

UK CITIZENSHIP REQUIRED FOR THIS POSITION: Yes

RELOCATION ASSISTANCE: No relocation assistance available

CLEARANCE TYPE: UK-Security Check (SC)

TRAVEL: Yes, 10% of the Time

Define Possible at Northrop Grumman UK

At Northrop Grumman UK, our mission is to solve the most complex challenges by shaping the technology and solutions of tomorrow. We call it Defining Possible.

This mind-set goes beyond our customer solutions; it’s the foundation for your career development and the impact we have within the community. So, what’s your possible?

Salary: £45,700 - £75,400

Opportunity:

This is more than just a job; it’s a mission.

The Pricing Analyst reports to the Pricing & Estimating Lead and will be accountable for assisting the Lead in establishing best practice and operating procedures within NSS, helping Northrop Grumman UK achieve their growth aspirations, delivering financial and commercial acumen to ensure this is done in a value accretive manner.

The Pricing Analyst will drive a collaborative culture within assigned bid teams, with a commitment to quality, compliance, and internal control.

The role will also provide ad hoc support on other FP&A activities where required.

Responsibilities:

  • Ensure that proposals submitted meet NGUK requirements, including profitability and appropriate cash profiling.
  • Estimating labour, material, and travel costs as appropriate based on Customers’ request for proposal (RFP)
  • Scrutinizing Basis of Estimates for compliance to requirements of the RFP
  • Calculating production costs using labour and material pricing schedules
  • Analysing historical financial performance when available for current opportunities
  • Assisting the Pricing & Estimating Lead in establishing best practice for Pricing proposals in regard to templates that can be adapted for use across the business, with a consistent output of bid information to be presented to approvers within C101 process.
  • Preparing updates to Pricing & Estimating procedures
  • Supporting risk and opportunity assessment, quantification, and analysis during the proposal process.
  • Participating as a member of the contract negotiating team in concert with the relevant OU Business Manager.
  • Understanding the requirements for Supplier price cost analysis

Benefits:

We can offer you a range of flexible and hybrid working options to suit you, including optional compressed working schedule with every other Friday off. Our benefits including private health care, career development opportunities and performance bonuses. For a comprehensive list of benefits, speak to our recruitment team.

We are looking for:

  • Degree educated or equivalent qualification or level of experience in a business field (finance/ business administration / legal etc)
  • Experience with UK Government contracts
  • Excellent analytical skills. with a keen attention to detail and ability to translate into action insight for business leaders
  • Experience of large Bid and Proposal efforts
  • Working understanding of Scheduling, EVM and relevant tools
  • Commercial proficiency, with an appreciation of different contract models and the relative strengths and weaknesses of each

Security clearance:

You must be able to gain and maintain the relevant UK Government security clearance in line with the job role (SC). Our requirement team is on hand to answer any questions and we will guide you through the process: [email protected].

Why join us?

  • Be part of our global team of 100,000 colleagues – The possibilities for your future career are only limited by your drive. Whether you’re looking for a hands-on internship or your next leadership position, we have career opportunities across the world. Northrop Grumman continues to expand and broaden our presence in global markets and strengthen our partnerships with local industry.
  • A mission to believe in Every day we contribute to building a more secure and connected world, expanding our reach from land, sea, and air to space and cyberspace. From engineering data and intelligence solutions, to developing maritime navigation and control systems and innovating command and control systems for the UK and NATO, what we do together matters.
  • A place to belong and thrive Every voice matters at our table meaning you can bring your authentic self to work. From our Employee Resource Groups backed by thousands of employees, to sponsoring Cheltenham Pride and our partnerships with Association For Black and Minority Ethnic Engineers, Forces Transition Group, Mind, and Women in Defence – we are passionate about growing and supporting our inclusive community where everyone can belong.
  • Your career, your way - Shape your career journey with diverse roles, mentorship, and development opportunities that fuel your curiosity, channel your expertise and nurture your passion. Looking for flexibility? Balance your professional career with your personal life, health and wellbeing benefits, discount schemes, pension benefits and investment in your future development. Speak to our team to find the balance that’s right for you.

Ready to apply?

Yes – Submit your application online. Your application will be reviewed by our team and we will be in touch.

Possibly, I’d like to find out more about this role – Reach out to our team for more information and support: [email protected].

No, I don’t think this role is right for me – Our extensive UK growth means we have exciting, new opportunities opening all the time. Speak to our team to discuss your career goals.

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Northrop Grumman is committed to hiring and retaining a diverse workforce, and encourages individuals from all backgrounds and all abilities to apply and consider becoming a part of our diverse and inclusive workforce.