Cost Analyst

Job Description

Salary: Circa £35,000 depending on experience

Location: Flexible across the Anglian Water Region, with regular travel to various offices
Working Pattern: Hybrid working – 2–3 days per week in the office
Contract Type: Full-time, Permanent (With opportunities for part-time)

About the Role

Anglian Water is seeking a highly analytical and commercially focused Cost Analyst to join our Supply Maintenance Delivery Team. This is a fantastic opportunity to be part of a small team of commercial professionals and play a pivotal role in managing the financial performance of our Supply Maintenance Delivery programme.

Join us at a pivotal moment as we launch a cornerstone of our Asset Management Strategy that touches every part of Water Supply in our region. This high-profile initiative is driven by essential regulatory and statutory requirements, making its successful delivery more important than ever.

As we embrace a new way of working, our newly formed Supply Maintenance Delivery Team is building a fresh inspection and delivery framework, embedding innovative processes, and forging strong partnerships with our partners. It’s an exciting time to be part of one of Water Supply’s largest capital programmes, where safety, efficiency, and collaboration are at the heart of everything we do.

What You’ll Be Doing

• Analysing contractors’ actual cost submissions to ensure compliance with contractual terms and agreed accounting rules
• Completing detailed desktop audits to identify anomalies, inefficiencies, or potential disallowed costs
• Supporting quarterly and annual actual cost audits, working closely with Contract Managers and auditors
• Analysing and reviewing accuracy of cost capture data through Asset Plus
• Benchmarking costs against internal partners and external market data to ensure best value
• Identifying and escalating adverse financial impacts to enable timely commercial action
• Developing and producing consistent unit cost and expenditure reports across water contracts

• Trending Target Unit Prices, productivity outputs, and contractor performance against tender baselines
• Analysing material usage against agreed material footprints
• Supporting cost reconciliation and financial project planning within SAP

• Providing analytical and SAP support to Contract Managers, Cost Auditors, and Senior Cost Auditors
• Producing tailored reports to meet the needs of a wide range of stakeholders
• Supporting carbon footprint reporting and wider commercial data requirements
• Assisting with timesheets, issue and action logs, and month‑end activities

What We’re Looking For

• Educated to A‑Level standard (or equivalent), ideally including Mathematics or Accounting
• Strong analytical and data‑handling skills, including complex financial analysis
• Advanced Microsoft Excel skills, with the ability to manipulate and interpret large datasets
• Excellent communication skills, able to present findings clearly to technical and non‑technical audiences
• Ability to work effectively with colleagues and contractors at all levels

• Degree‑level qualification, AAT, or equivalent relevant experience
• Experience in cost analysis, cost auditing, or corporate financial management
• Knowledge of target cost, unit cost, or incentive‑based commercial models
• Working knowledge of SAP financial and job management modules
• Experience within utilities, infrastructure, or other regulated environments

• Strong attention to detail with a commitment to data accuracy
• Confident challenging data and asking the right questions

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

• Personal private health care including physiotherapy

• 24-hour Virtual GP service for you and your household

• 26 days annual leave – rising with length of service

• Competitive pension scheme – Anglian Water double-matches your contributions up to 7%

• Bonus scheme

• Flexible benefits to support your wellbeing and lifestyle

• Life Assurance at 8 times your salary

• Personal Accident cover – up to 5 times your salary

• Paid time off if you’re physically or mentally unwell

• An excellent Family Leave package – to help you support your family including enhanced maternity, paternity, and shared parental leave policies

Why Join Us?

At Anglian Water, we’re committed to delivering sustainable water services and investing in our people. You’ll be part of a forward-thinking organisation that values innovation, integrity, and continuous improvement.

Ready to make a difference?

Apply now and help shape the future of water management with Anglian Water.

Closing date: 29/05/2026
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