Cost Analytics Manager | S3 | Procurement & Cost Management | Multiple Locations | Internal Mobility
Santander · Milton Keynes ·
- Work mode
- Hybrid
- Employment
- Part time
- Category
- Operations
IT STARTS HERE
Santander () is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.
This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.
Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
The Procurement & Cost Management function plays a critical role in ensuring that our spend, investments and cost base align with our strategic goals, deliver sustainable value, and support operational excellence. It focuses on partnering the business, optimising cost, and shaping commercial decisions to drive long-term profitability and resilience.
By working closely with internal stakeholders, Procurement & Cost Management bridges strategic objectives and financial outcomes, ensuring that decisions on cost, investment and change directly contribute to business performance, innovation and sustainability.
THE DIFFERENCE YOU MAKE
Santander UK is looking for a Cost Analytics Manager, based at Milton Keynes or Glasgow.
Your role will be to strengthen our enterprise-wide cost intelligence capability within Procurement & Cost Management.
In this role, you will help leaders understand, challenge and optimise the underlying cost base. You will combine financial, operational, workforce, supplier and activity data to explain where money is spent, what drives cost and where focused review can create sustainable value.
You will turn complex analysis into clear, decision-focused insight for senior stakeholders. Through cost-driver modelling, productivity and unit-cost analysis, benchmarking and strategic scenarios, you will identify structural opportunities and risks, challenge assumptions and support choices on operating model, investment, transformation and resource allocation.
We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:
Owning and developing an enterprise view of the underlying cost base, distinguishing structural change from timing effects, accounting movements and one-off items.
Building cost-driver, income, productivity and unit-cost analysis that connects expenditure to volumes, capacity, service levels, operating activity and business outcomes.
Leading Group, internal and relevant external benchmarking, applying robust normalisation and comparability tests, and translating performance gaps into prioritised hypotheses and targeted recommendations.
Developing transparent strategic scenarios and decision support, while improving cost taxonomies, data quality, analytical methods, model governance, reporting and automation across the cost intelligence capability.
WHAT YOU’LL BRING
Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We’re enabling teams to go beyond by valuing who they are and empowering what they bring.
The following requirements represent the knowledge, skills and abilities essential for success in this role. Reasonable adjustments may be made to enable individuals with disabilities to perform the essential functions.
Professional Experience:
Significant experience in cost analytics, commercial finance, FP&A, management information, strategic finance or a comparable analytical role, with a track record of analysing complex cost bases and turning evidence into practical recommendations (Required)
Excellent knowledge of cost-driver analysis, productivity measures, unit economics, scenario modelling, forecasting, variance analysis and benchmarking, including the ability to explain assumptions and limitations (Required)
Experience influencing senior stakeholders, structuring ambiguous questions, forming testable hypotheses and delivering high-quality analysis through cross-functional collaboration in a complex organisation (Required)
Languages:
English (Required)
Hard Skills:
Advanced analytical and modelling capability, with good attention to data quality, definitions, controls, documentation and reproducibility. Experience with data visualisation, business-intelligence tools or automation of recurring analysis is desirable (Required)
Ability to connect finance, workforce, supplier, technology and operational data, critically interpret internal and external benchmarks, and communicate complex findings as concise options, trade-offs and recommendations (Required)
Soft Skills:
A trusted, curious and constructive adviser who builds solid relationships, speaks up when evidence requires challenge and aligns colleagues around clear priorities and next steps (Preferred)
A collaborative and improvement-focused approach, with the ability to coach others, raise analytical standards and manage multiple priorities while maintaining pace, rigour and decision impact (Preferred)
WE VALUE YOUR IMPACT
At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.
Here, recognition goes beyond pay. It’s about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive — personally and professionally.
Salary Range:
£53,500.00 - £80,250.00 per annum (depending on experience)
This salary range represents the expected remuneration for the role. Annual salary is based on a standard 35-hour working week. Actual salary offered will depend on skills, experience, qualifications and location.
Competitive rewards that reflect the real impact you make and the value you bring.
Wellbeing that goes beyond work — we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
Support for every life stage — from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.
Time to give back through volunteering opportunities that let you make a difference in the communities we serve.
Global growth opportunities to shape your career, learn new skills and explore what’s possible across our international network.
Ready to be recognised? It starts with you.
LOCAL COMPLIANCE
At Santander, we’re proud to be an inclusive organisation that provides equal opportunities for everyone — regardless of age, gender, disability, civil status, race, religion or sexual orientation.
We’re committed to creating a recruitment experience that’s accessible, fair and welcoming for all candidates.
We want our people to thrive — at work and at home — while delivering the best outcomes for our customers and supporting each other to grow.
To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles).
When applying, please consider the travel distance, time and cost to your chosen office locations.
We welcome applications on the understanding that, should you be offered this role, there may be no relocation package available. Santander will pay the employer mandatory government fees that are required to pay in connection with visa sponsorship. You may be liable for your own personal employee immigration and relocation costs.
WHAT TO DO NEXT
If this sounds like a role you are interested in, then please apply.
For further Guidance please visit Internal Mobility - Candidate Guidance.
If you want to know more about the opportunity:
Please contact Vincent Naylor - [email protected]
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