Job Description - Cost Improvement Manager (047611)
Organisation
TRACK MAINTENANCE AND RENEWALS
Job
General Finance
Position Type: Full Time
Job title: Cost Improvement Manager
Grade: MMG0
Salary: Circa £68K
Location: Various Head Office Locations
Contract Type: Permanent – London Underground
Overview of project/role: To provide cost management services for asset areas within Asset Performance & Capital Delivery ensuring that all costings, reporting, data, and financial processes for operational management are delivered according to the organisation’s policies, standards, and procedures. Operational Management includes recharges, staff, materials costings, allocations, and Modernisation / Continuous Improvement activities.
Key Accountabilities
* Become a consistent interface between Business Stakeholders, Finance, and Modernisation Manager to ensure consistent review and focus on savings challenge; identifying and updating risk and opportunities; increase awareness of cost drivers impacting their budget performance and reduce them as far as possible through collaborative working.
* Using and interpreting financial and systems data to provide an overview of budget spend, helping to develop financially secure/challenging business plans and relevant forecasts that drive and deliver in-year savings with further opportunities to improve budgets over 1-3yrs.
* Supporting maintenance and management for the SAP system hierarchy to ensure effective budget planning and cost control management, this will be pivotal to ensure performance data is trusted and helps drive the right behaviours.
* Supporting the savings agenda by establishing and sharing weekly and periodic tracking reports to drive out excess spend, ensuring all rechargeable costs are correctly administered to ensure income aligns with or exceeds budget expectations.
* Drive continuous improvement and compliance across all areas of remit by analysis of data to establish accurate baselines and then working with stakeholders to establish the scope; targeted improvement and project manage the steps to deliver improvement within a 6wk to 6-month period.
* Ensure that process confirmation checks are in place for all improvement activities to ensure they are fully embedded and employ LEAN techniques to ensure waste is eliminated and Plan Do Check Act principles are consistently deployed.
* Create standardised and automated reports to support business self-service with the Business Service Function.
* Track 3rd party spend and support the business in its supplier and contract management activities, in particular flagging spend deviation and savings opportunities.
Skills, Knowledge & Experience
Skills
* Advanced level of numeracy and data analysis skills (Essential).
* Excellent Influencing skills, being able to persuade others using simple techniques and constructive challenges.
* Excellent Planning & Organising - uses available resources to plan activities well in advance and flagging risks to delivery.
* Problem Solving and decision making – uses a range of information and multiple analytical and problem-solving techniques.
* Results focused - must demonstrate a ‘can do’ attitude to performance and put drive and energy into achieving results; set challenging performance standards and take action to exceed goals and expectations and to continually improve performance.
* Customer Focused and Collaboration - understands customer needs and takes actions to respond constructively to feedback, providing up-to-date information and ensuring that commitments to customers are delivered.
Knowledge
* Be proficient with estimating and cost planning processes and techniques and interfaces with Finance systems.
* Proficient in data management, collation, and interface with SAP.
* Be aware of value engineering in maintenance, materials, and maintenance environments.
* Be aware of commercial management and commercial compliance.
* Be aware of health, safety, quality and environmental management.
* Hold a professional qualification in a Cost / Accounting discipline or equivalent or recognised length of service delivering.
* Be aware of LEAN, continuous improvement and process confirmation principles and have experience applying them.
* Understanding of financial governance and its application at all levels of the business.
Experience
* Proficient in Excel to support financial and data analysis and reporting.
* Experience of driving through process improvements to support cost management objectives.
* Experience of working with materials management, cost recharging and allocation models.
* Experience of working in large complex organisations with multiple stakeholders.
* Experience of SAP, project management or similar enterprise systems.
* Experienced in project controls within the maintenance / materials / manufacturing Industry (Desirable).
Equality, Diversity and Inclusion
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.
Application Process
* Please apply using your CV. PDF format preferred and do not include any photographs or images.
* Please apply using your CV and a one-page covering letter. PDF format preferred and do not include any photographs or images.
The closing date for applications is Thursday 27th February @ 23:59. We may close this advert early if we receive a high volume of suitable applications.
NPL Applications
Applications to internally advertised roles can only be accepted from temporary workers who are on PAYE terms via agency, or PAYE via Umbrella Companies. Temporary workers who are paid through their own limited companies are not covered by the Agency Worker Regulations and are ineligible to apply.
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:
* Final salary pension scheme
* Free travel for you on the TfL network
* Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
* 29 days annual leave plus public and bank holidays
* TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
* Tax-efficient cycle-to-work programme
* Retail, health, leisure and travel offers
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