Job Description

At M&G, our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Role: Commercial Analyst - 8-9mth Fixed Term Contract

M&G outsources a significant part of its operational business to suppliers and therefore must ensure the successful commercial management of these supplier relationships. Due to the size and complexity of these contracts, analytical support is required both for business and regulatory purposes.

The Commercial Analyst role will support both the day to day commercial aspects of managing M&G’s major contracts and relationships as well as ensuring that M&G Life meet the regulatory and key control requirements associated with outsourced supplier services.

Key Responsibilities:

The Commercial Analyst role works in partnership with Commercial Managers who have commercial responsibility for multiple major suppliers. Key areas of Commercial Analyst responsibility;

• To ensure the regulatory and key control requirements associated with outsourced supplier services are delivered
• To ensure that supplier charges are accurate and challenged where appropriate and the invoices are paid in line with contract timescales
• To provide analytical and reporting support to Commercial Managers
• To provide insight around M&G needs and industry / market trends to enable identification of commercial opportunities and risks
• Continually challenge and question cost base with a view to identify opportunities to reduce cost without detriment to service
• To lead and coordinate formal supplier commercial governance including production of materials and minutes and to attend Executive level governance meetings to record minutes and actions
• To support the development and application of Supplier Management best practice
• To manage the cost validation and forecasting cycle
• To respond to queries from the wider business for contract information
• To independently manage some aspects of M&G’s contracts, under the direction of the Commercial Manager
• To independently manage smaller project initiatives
• To look for and implement AI where appropriate to bring efficiencies

Key Knowledge:

• Essential - Working knowledge of analytical tools and techniques including AI
• Essential - Working knowledge of financial modelling
• Essential - Working knowledge of contract management principles and practice
• Desirable - Working knowledge of commercial negotiation techniques
• Desirable - Foundation knowledge of contract law
• Desirable - Foundation knowledge of end to end sourcing process

Key Experience:

• Essential – experience of providing analytical support in complex business environments

• Essential - some experience of working in a commercial / regulatory environment
• Desirable – some experience of working with third party suppliers/outsource arrangements
• Desirable – some relevant industry ( Financial Services ) working experience

Personal Attribute/Skills :

• Strong analytical and problem solving skills
• High levels of attention to detail
• Good written and verbal communications skills, the ability to communicate to a range of 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

Qualifications:

• Desirable: Degree qualified
• Desirable : Relevant professional qualifications ( CIMA , Prince2, IACCM)

Recruiter: Sarah Mathers

What we offer:

We’re dedicated to supporting your wellbeing and helping you thrive, both at work and beyond. Our benefits are designed to help you balance your professional and personal life , and financially plan for the future. Our UK benefits include

• A valuable pension scheme of up to 18% (13% made up of employer contributions and 5% employee contributions).
• Access to our Share Save and Share Incentive Plan, alongside financial wellbeing and support services to help give you real confidence to put your money to work.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days. Our Time Off When You Need It policy gives you the flexibility - to balance work and personal commitments.
• Our market-leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - because supporting families is an important part of our inclusive culture.
• Health & Protection cover includes Private Healthcare, Critical Illness cover and Life Assurance for you, with additional family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

At M&G we strive to have a diverse workforce and an inclusive culture, underpinned by our policies and employee-led networks that offer networking, support and development opportunities for the diverse communities our colleagues represent. We welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.

M&G is proud to be Level 3: Disability Confident Leaderunder the UK Government Disability Confident employer scheme, and we welcome applications from candidates with disabilities and long-term health conditions. If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.

We are committed to providing an inclusive recruitment process. All candidates have the opportunity to request reasonable adjustments when applying. If you need any additional support at any stage, please contact us at: careers@mandg.com