Commercial Coordinator / Commercial Assistant in Warwickshire, Warwickshire, United Kingdom
Job Title: Commercial Coordinator / Commercial Assistant
Location: Warwickshire
Salary: £25,000 - £30,000 + Benefits
Duration: Permanent
PURPOSE OF THE JOB
To provide commercial support to the organisation's contracts; ensuring accurate recognition of revenue and cost is managed and reported through the monthly CVR process. This will be achieved through the management of internal and external customers and a thorough understanding of contract commercial deliverables, revenue recognition, risk, WIP and accruals.
KEY ACCOUNTABILITIES
- Manage the day to day commercial administration of the contracts, including preparing internal and external reports and representing the company at client meetings.
- Build and maintain a good working relationship with internal and external clients.
- Manage and report on costs, opportunities and contract performance.
- Identify cost savings on existing contracts and feed these back to the Contract Manager
- Ensure that all due revenue is correctly billed and collected in a timely manner.
- Identify and manage risk on the contracts.
- Manage the record keeping process to support contracts delivered by the division required for financial cost control and reporting, measuring and valuing work.
- Provide timely and accurate contract reports on period results and full life projection, including reports on un-agreed amounts included in end life forecast.
- Raise applications for payment and invoices in accordance with contractual requirements.
- Manage cash flow of contracts including cash receivable from clients and payments due to suppliers.
- Produce weekly cash flow forecasts and reconcile with weekly cash receipts, identifying any variance with full explanation and action to close out.
- Monitor contract results against budget, identifying and reporting on major factors causing material differences.
- Manage the aged debt process and escalate any monies due to ensure a timely resolution to any issues.
- Calculate WIP for the contract on a monthly basis and reconcile revenue to ensure that the management accounts are accurate
- Ensure that accruals are complete and accurate and reflect the correct recognition of costs.
- Ensure that risk and opportunities are correctly identified and reported through the monthly CVR process.
- Deal with insurance claims and divisional insurance management issues.
- Provide advice to commercial, engineering and operational staff to ensure corporate governance requirements are not breached.
- Ensure contract deliverables and requirements are fully understood by all stakeholders including admin, operations, planning engineering and commercial.
- Assist with new business mandates, tenders, contract VIs, PQQs and RFQs as required.
- As you will expect the organisation may change from time to time and you will be expected to meet the operational requirements.
- Any other reasonable duties as required from time to time.
PRINCIPLE CONTACTS
Contact with Directors, Managers and Staff at all levels.
Frequent contact and interaction with operating staff
Requirements
The ideal candidate will possess:
- A thorough knowledge of contract procedures, finance and administration.
- Strong numeric and analytical skills.
- Organisational ability with proven communication and motivation skills. Ability to meet tight reporting deadlines.
- Ability to express views and explain concepts to clients, suppliers and colleagues.
- Good and proven negotiation skills.
- A comprehensive understanding of contract reporting methodology, which determine the financial results for the division.
- Good commercial acumen with the ability to constantly improve systems, processes and reporting standards.
- The ability to explain commercial concepts to others, including non-commercial managers.
If you are interested, please get in touch ASAP by sending your CV and if you have any questions about the position then feel free to get in touch by calling me on <phone number removed>
I look forward to hearing from you!
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