Cost Analyst

Job Description

Starting from £33,500, salary dependant on skills and experience

Permanent

Lincoln and or Peterborough Office / Hybrid working

Full time with flexibility for part-time

Anglian Water offers a flexible approach; this role offers you the flexibility to work from home and from an Anglian Water office. We are building new teams both in Lincoln and Peterborough, so based location would be Thorpewood House in Peterborough or Enterprise House in Lincoln.

Central Services is a newly formed team at Anglian Water, committed to delivering safe, professional, collaborative and cost-effective maintenance and engineering support across the business. We play a vital role in helping the company achieve its strategic objectives by providing a wide range of services—from facilities and estate management, to engineering project delivery and technical support for both capital and planned or reactive maintenance projects. Our portfolio also includes fleet and logistics management, plant services, and a strong focus on continuous learning and collaboration. At the heart of everything we do is a commitment to excellence and high standards.

What you’ll be doing?

As a Cost Analyst, you will support the financial, commercial, and performance management of capital projects and planned programmes of work. You’ll assist the Commercial and Cost Mangers in budgeting, forecasting, and cash flow management, ensuring supplier payments and Purchase-to-Pay processes are accurate and compliant.

You will support financial planning, forecasting, and reporting activities, providing accurate and timely insight into costs, risks, and opportunities. This includes applying commercial challenge to pricing, variations, and ad-hoc services to ensure value for money across the portfolio of works.

In this role, you will monitor contractor and project performance, contribute to KPI reporting, audits, and stakeholder engagement, ensuring delivery aligns with agreed programme, cost, and service expectations. You’ll also play a key part in supporting health and safety compliance across the portfolio while maintaining accurate records for reporting, audits, and commercial assurance.

Additional responsibilities include preparing performance and financial information for stakeholder review meetings, supporting commercial assurance processes, and ensuring supplier payments are made in line with contractual agreements. You will help monitor supplier performance against KPIs, manage contract variations, and maintain accurate asset and cost data, all while ensuring compliance with health, safety, and statutory requirements.

You will monitor contractor and project performance, contribute to KPI reporting, audits, and stakeholder engagement, and help ensure delivery meets agreed programme, cost, and service expectations. You’ll also support health and safety compliance across the portfolio and maintain accurate records for reporting, audits, and commercial assurance.

The role also involves supporting stakeholder engagement through the preparation of performance and financial information for review meetings, contributing to commercial assurance processes, and ensuring supplier payments are made in line with contractual agreements. You will assist with monitoring supplier performance against agreed KPIs, managing contract variations, and maintaining accurate asset and cost data, while ensuring all activities comply with health, safety, and statutory requirements.

As a valued employee, you’ll be entitled to:

• Personal private health care

• 25 days annual leave – rising with length of service

• Flexible working

• Competitive pension scheme – Anglian Water double-matches your contributions up to 6%

• Bonus scheme

• Flexible benefits to support your wellbeing and lifestyle.

What does it take to be a Cost Analyst?

• Experience in similar Commercial / Contract Management related role

• Understanding of Commercial Contract Management: service level agreements; pricing schedules & rate cards; risk/reward mechanisms; negotiations - desirable

• Understanding of NEC form of contracts - desirable

• Degree qualification e.g Quantity Surveying or Finance - desirable

• Working towards professional body membership e.g. RICS; CIOB, ICE - desirable

• High degree of numeracy and financial acumen

• Understanding of the Financial processes (budgeting, forecasting, reporting) - desirable

• Familiarity with the (P2P) transactional processes: PR, PO, GRN, AP - desirable

• Previous experience in engaging with stakeholders - desirable

• Relevant Health & Safety knowledge / qualification - desirable

• Sourcing & Procurement process knowledge

• Knowledge of relevant SAP processes - desirable

• A proven track record in assisting managing costs at project level - desirable

• High Proficiency on MS Office especially excel

What We’re Looking For:

We’re looking for a highly organised team player with strong IT skills, particularly in MS Excel, and excellent communication abilities. You’ll be able to prioritise tasks effectively, work independently when required, and integrate seamlessly into collaborative teams, bringing a positive, proactive attitude to everything you do.

Why Anglian Water?

This is a great opportunity to develop your career in finance and commercial management while playing a key role in delivering capital projects that make a real impact. You’ll gain exposure to financial planning, supplier management, and performance monitoring across a diverse portfolio, working closely with colleagues and stakeholders to drive value, efficiency, and continuous improvement.

If you enjoy analysing data, problem-solving, and contributing to high-profile projects within a supportive and collaborative team, this role offers both challenge and development opportunities.

Closing date: 11 January 2026

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