Job Description Summary
The Proposals Cost & Pricing Analyst owns the financial model and the assumptions used to underpin any long-term product support offering made to a customer. This can be in the form of standalone aftermarket models (supporting single customers), or complete aftermarket models used alongside a Production business case for New Product Introduction (NPI) deals. In addition, this person will also be responsible for the recurring cost estimating (RCE) and will utilize their skills and experience to develop internal costings for Dowty hardware supporting Sales; New Product Introduction programs; Momentum and Spares requirements.
They will work with a wide network of functions, sites & businesses to obtain, understand and scrutinize inputs and assumptions. This will result in a robust business case with documented assumptions and an ability to articulate financial contract risk to the business in the deal review forum.
They will be responsible for modelling and providing commercial insight through all stages of the bid process, from identification, through to negotiation. They will also be responsible for elements of measuring the effectiveness of existing contracts through the contract margin review (CMR) process.
In addition, this person will also be responsible for the recurring cost estimating (RCE) and will utilize their skills and experience to develop internal costings for Dowty hardware supporting Sales; New Product Introduction programs; Momentum and Spares requirements.
Job Description
Roles and Responsibilities
Focusing on business strategic captures while creating and maintaining models based on both commercial and technical inputs from multiple business functions.Outputting a robust business case and being able to articulate areas and levels of risk within the financials.Liaising with multiple business functions, sites & customers to build accurate, efficient models which create value for the customer and identify risk to the business.Providing commercial expertise around competitive landscape, market dynamics, value upselling, supplier dynamics & other cost and price drivers.Achieving required approvals from the business for submission of proposals to customer and then working with the bid team through the negotiation stage of the proposal to arrive at a contract award.Completing sensitivity analysis to quantify the impact of acknowledged risks triggering and understanding the likelihood of them triggering.Contributing to the building of customer offer letters and completion of customer pricing volumes to ensure the models translate into the price the customer sees and pays accurately.Engaging with the bid team and the customer to understand first hand what the customer values and how the business can provide the most impact and protect its operations.Participating in tollgate three handovers ensuring program teams understand the construct of the contracted service and the risks identified through the modelling process.Contributing to the CMR process where required to understand existing contract performance and update forecasts to create annually refreshed views of contracts.Completing Product Platform Reviews (PPR's) on strategic platforms to produce an agreed reliability and cost base for use in deals.Driving continuous improvement through process and tool upgrades in particular management and improvement of the common model tool used for modelling deals.Creating and maintaining accurate records of models, including storage, configuration control and documentation of assumptions & their sources.Own the recurring estimate generation for New, Momentum and Spares hardware, in accordance with ITO and NPI processes in support of Power opportunities based at the Dowty businessLiaise with program managers and engineering teams to develop recurring estimatesDirect engagement with Vendors to obtain quotes in accordance with current procedures and delegated authorityEngage with Supply Chain to obtain/confirm labor estimatesOngoing review of ERP cost base - drive / facilitate updates with functional stakeholders as identified to ensure accurate and current historical cost informationEngage and work with Sourcing to challenge the prices submitted by vendorsContribute to and drive process improvements and identify opportunity areas where analysis may help improve business decisionsProvide support to Pricing teams, including Military PricingUnderstand the make-up of vendors over long term plans based on business projectionsWork with Sourcing to leverage longer-term business value projectionsCollaborate with the manufacturing cells regarding actual data v standards and implement the necessary controls to review weekly / monthly reportsPrepare comprehensive reports, and perform analysis of business dataLead implementation of cost estimating simplification projects and best practices
Required Qualifications
For roles outside of the USA- This role requires advanced experience in the Sales & Technical Proposals. Knowledge level is comparable to a Bachelor's degree from an accredited university or college ( or a high school diploma with relevant experience).For roles in USA - Bachelor's degree from an accredited university or college (or a high school diploma/GED with a minimum of 7 years of experience in Cost Analysis and/or Financial Modeling). Minimum of 3 years of experience in Cost Analysis and/or Financial Modeling. This role is restricted to U.S. persons (i.e., U.S. citizens, permanent residents, and other protected individuals under the Immigration and Naturalization Act, 8 U.S.C. 1324b(a)(3)) due to access to export-controlled technology. GE will require proof of status prior to employment.
Desired Characteristics
Advanced MS Excel experienceDemonstrated ability to analyze and resolve problems.Ability to document, plan, market, and execute programs.Established project management skills.Demonstrated ability to communicate and work effectively with all levels of the organizationAbility to identify and lead simplification and process improvement within a matrix organizationStrong written and oral communication skillsStrong analytical and proven problem-solving skillsAn ability to anticipate, identify and resolve issuesRobust interpersonal and leadership skillsEffective team building skillsDetail oriented and accountable for completion of work assignmentsStrong proficiency with Microsoft Office applications and formulaAbility to draw upon experiences and adapt through difficult business cycles.Possess an understanding of the Federal Acquisition RegulationsLean, process improvement mindset
Additional Information
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: No
#LI-Remote - This is a remote position