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About the Role

The Commercial Analyst role will support the day-to-day commercial aspects of managing M&G’s major contracts and relationships, ensuring M&G Life meets regulatory and key control requirements for outsourced supplier services.

Responsibilities

• Ensure regulatory and key control requirements associated with outsourced supplier services are delivered.
• Ensure supplier charges are accurate, challenged where appropriate, and 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.
• Continually challenge and question the cost base to identify opportunities for cost reduction without detriment to service.
• Lead and coordinate formal supplier commercial governance, including producing materials and minutes, and attending 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 queries from the wider business for contract information.
• Independently manage some aspects of M&G’s contracts under the direction of the Commercial Manager.
• Independently manage smaller project initiatives.
• Identify and implement AI where appropriate to bring efficiencies.

Requirements

• Working knowledge of analytical tools and techniques including AI.
• Working knowledge of financial modelling.
• Working knowledge of contract management principles and practice.
• Experience providing analytical support in complex business environments.
• Some experience working in a commercial/regulatory environment.

Skills

• Strong analytical and problem-solving skills.
• High attention to detail.
• Good written and verbal communication skills.
• Ability to communicate to a range of stakeholders at all levels of the organization.
• Demonstrated commercial acumen.
• Pragmatic with good judgment.
• Capable of independent working.
• Ability to work effectively across a wider team.
• Ability to work effectively in an ambiguous environment.

Location

• Flexible working arrangements considered

Work Type

• 8-9 month Fixed Term Contract

Experience Level

• Entry level to mid-level

Education Level

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

Benefits

• Pension scheme up to 18% (13% employer, 5% employee)
• Share Save and Share Incentive Plan
• Financial wellbeing and support services
• 38 days annual leave (including bank holidays)
• Opportunity to purchase up to five extra days of leave
• Time Off When You Need It policy
• Market-leading Inspiring Families policy with comprehensive support and paid parental leave
• Private Healthcare
• Critical Illness cover
• Life Assurance
• Additional family options for Health & Protection cover

About the Company

• M&G has a heritage dating back more than 175 years with a long history of innovation in savings and investments.
• Combines asset management and insurance expertise to offer a wide range of solutions.
• Operates through two distinct segments: Asset Management and Life.
• Focuses on providing access to balanced, long-term investment and savings solutions.
• Values telling it like it is, owning it now, and moving it forward together with care and integrity.
• Creating an exceptional place to work for exceptional talent.

Equal Opportunity

• Strives to have a diverse workforce and an inclusive culture.
• Policies and employee-led networks offer networking, support, and development opportunities.
• Welcomes applications from people of all backgrounds, including neurodivergent individuals, career returners, and those with military service experience.
• Proud to be Level 3: Disability Confident Leader.
• Welcomes applications from candidates with disabilities and long-term health conditions.
• Committed to providing an inclusive recruitment process.
• Candidates can request reasonable adjustments when applying.
• Contact careers@mandg.com for additional support.