Bain & Company Inc

Specialist Consultant, Cost Transformations

Job Location US-MA-Boston | US-DC | US-GA-Atlanta | US-IL-Chicago | US-TX-Dallas
Job ID
2021-5446
Posted Date
6/8/2021
Category
Consulting
Type
Regular Full-Time
Location : Location
US-MA-Boston

 

WHAT MAKES US A GREAT PLACE TO WORK 


We are proud to be consistently recognized as one of the world's best places to work, a champion of diversity and a model of social responsibility. We are currently ranked the #1 consulting firm on Glassdoor’s Best Places to Work list, and we have maintained a spot in the top four on Glassdoor's list for the last 12 years. We believe that diversity, inclusion and collaboration is key to building extraordinary teams. We hire people with exceptional talents, abilities and potential, then create an environment where you can become the best version of yourself and thrive both professionally and personally.  We are publicly recognized by external parties such as Fortune, Vault, Mogul, Working Mother, Glassdoor and the Human Rights Campaign for being a great place to work for diversity and inclusion, women, LGBTQ and parents.

 

WHO YOU'LL WORK WITH 

 

As an integral part of Bain’s Performance Improvement (PI) Practice, the Cost Transformations team addresses the need to link strategy with cost management across various client situations, from high urgency to building a vision with executive alignment.  The team serves corporate and private equity clients across all industries globally.

 

The Cost Transformations team works with Bain’s clients to conduct diagnostics on their spend base, establish an aligned-upon ambition, develop strategies to reach full-potential savings and institute programmatic transformation programs. We help our clients evolve their cost management strategy to fuel and fund their overarching strategy. 

 

Bain is investing to accelerate the growth of the Cost Transformations team over the coming years.  This role is part of an ambitious growth plan that will significantly expand our Cost Transformations-affiliated consulting resources.

 

 

WHERE YOU’LL FIT WITHIN THE TEAM

 

Bain & Company is looking to recruit a Consultant based in North America and/or Europe with Cost experience for our “Value Calculator” team, which focuses on Cost Diagnostics.  The position will focus on helping our clients identify cost savings opportunities in all parts of their P&L. The position will include supporting clients in assessing the client’s cost base, identifying areas of value using benchmarks and Bain experience, and developing instances of the Value Calculator, our diagnostic software to visualize the opportunity for client executives.

 

This individual will likely come from a consulting or finance organization with a deep focus on financial data analysis and/or cost strategy, and will have a track record of successfully diagnosing issues, creating hypotheses and executing analyses that have moved the client to action.

 

The Cost Transformations Practice and Value Calculator team are fully integrated within the structure, culture and product offering of Bain and is not a separate product/service organization.

 

The general scope of the role will include approximately 80% of time focused on client diagnostics, performed remotely, with the remaining 20% focused on Cost Transformations capability building and tool development. The position will have a global focus. While not expected to be heavy, this role may include some travel to support our clients.

 

WHAT YOU'LL DO

 

 

This is a role with a broad set of responsibilities. You will contribute to the (a) deployment, (b) development, and (c) commercialization of Bain’s Value Calculator approach. As such, you will have an opportunity to work with the entire span of Bain’s resources – from offshore analytics experts (deployment) to software developers and graphic design experts (development) to Senior Partners (commercialization). You will work closely with client facing teams and may also can work directly with client resources in collecting data and refining our analysis when required.

 

  • Deployment
    1. Manage and execute the ongoing deployments of the Value Calculator by executing financial analysis on our clients’ data
    2. Oversee a team of analytics experts in Bain’s offshore Cost Centre of Excellence who perform much of the analysis on a day-to-day basis
    3. Interact with the senior Bain leaders running the cases or proposals that are using the Value Calculator, helping them to understand the strategic implications of the analysis being performed and how it fits into the “answer” for their case
    4. Help prepare the case teams and account teams to present the output to client executives, explaining the size-of-prize hypothesis and, more broadly, how the analysis demonstrates a Cost program’s ability to deliver shareholder value
    5. Interact directly with client resources where data clarifications are required

 

  • Development
    1. Support the Manager / Senior Manager / Associate Partner in managing the development roadmap for the Value Calculator, including the future-state vision for the tool (1, 2, and even 5 years in the future).
    2. Partner with senior Bain technology resources in sprints to improve the software and visualizations to enhance the tool
    3. Work with internal teams (both Cost Transformation and industry/sector) and the Benchmarking Centre of Excellence to identify and close gaps in our benchmarking datasets and capabilities
    4. Work with internal teams to identify and close gaps in the documentation of Bain’s expertise and experience, to better support cost diagnostics

 

  • Commercialization
    1. Working with the Cost Transformations team and supporting the Manager, manage the pipeline for the Value Calculator to demonstrate the value of the tool to account teams, case teams, and client teams
    2. Continue to refine the model for how VC can drive commercial momentum for Cost Transformations and the PI practice as a whole:
      1. How to “sell” to internal stakeholders
      2. How to work with proposal teams to drive the right level of insight/outcome
  • How to present our digital capabilities to client teams
  1. Etc.

ABOUT YOU

The successful Specialist Consultant candidate will have a track record of successful financial data analysis leading to strategic insights. Software development or experience executing cost transformations in a consulting-environment is a nice-to-have. Experience working with global clients or organizations is a plus.

 

Technical Expertise

  • Proven financial analysis capabilities, with a familiarity of company general ledgers, balance sheets, and income statements
  • Ability to lead a small team in executing business analysis
  • Ability to work closely with other cross-specialty internal support teams and resources

       Nice to have technical expertise:

      • Experience in executing Cost Transformations (corporate, consulting, or private equity)
      • Experience in the development and deployment of digital tools / software
      • Knowledge of and experience working with Finance function
      • Experience using tools to analyze and visualize large data sets (e.g. Alteryx, Tableau)

 

Commercial Acumen

  • Ability to build strong and collaborative relationships both inside and outside of Bain
  • Strong presence in meetings and high caliber communications skills. ‘Holds own’ with Finance and Cost experts
  • Broad understanding of business strategy, organization and capability development issues and answers across industry and functional domains
  • Experience supporting client and internal team workshops and brainstorms

        Nice to have commercial acumen:

  • Experience working with large-scale clients

 

Additional Qualifications

  • Passion to build deep expertise in Cost Transformation diagnostics and analytical software
  • Deadline-driven, organized, and able to multitask
  • Strong verbal, written and presentation skills with ability to produce “client-ready” materials
  • Strong analytical skills and problem-solving capabilities
  • Mindset and adaptability for integration

 

Irrespective of an individual’s specific background, the successful candidate will be:

  • Credible in steering internal and external clients on Cost Transformation-related topics
  • Able to step back and frame Cost Transformations issues in a bigger picture
  • Pragmatic with a practical, “real-world” sense of what is actually “do-able.” Will have a bias to approach problem solving in a structured way, and combine it with sound practical business judgment to arrive at realistic solutions
  • Entrepreneurial, proactive, and productive
  • Able to forge strong people relationships at all levels
  • A solid team player who's also an independent thinker
  • A great colleague and teammate; passionate about the task at hand and fun to be around; someone with whom Bainies and clients go out of their way to work
  • Able to self-manage time, balance across competing demands

 

Bain & Company’s “DNA”

Bain’s culture and core values are distinctive and may be summarized as follows:

  • Client and external focus: we are totally focused on helping clients succeed, as companies and as individuals. We measure our own success by that of our clients. Our heroes are those who help their clients achieve and sustain the greatest impact over time. We aspire to build deep, lasting relationships, earning the right to be our clients’ true business partners with shared aspirations, values and, where appropriate, risks and rewards. We channel our energy externally, with no tolerance for internal politics or bureaucracy.
  • Emphasis on practical results: we aim to help our clients make their businesses significantly more valuable. We are typically impatient to help drive action, but we recognize that real success is measured over the long term. We celebrate impact and pragmatism, not activity or intellectual elegance. We place strong emphasis on obtaining and analyzing the relevant facts, but as a means to insight and action, not an end to themselves. We run ourselves as a business, not an institution.
  • Fundamentally dissatisfied with the status quo: we are passionate about making a difference. We have high aspirations for our clients and ourselves. We continuously seek to improve, innovate, and redefine. We look for the upside and are willing to take appropriate risks to achieve it, including putting our money where our mouth is.
  • Team Values: we place high value on effective teaming. “A Bainie never lets another fail”. We expect all our managers to provide personal leadership of our business and our people, and to behave as members of the leadership team at all times.
  • True North: we say what we really think, and try to do the right thing not just the easy thing. We act with total integrity, always. As far as possible, our internal processes are based on “principles” rather than “rules”. We trust and require our people to apply good judgment in interpreting them in their everyday decision-making and behavior. We try to communicate clearly and simply.
  • Meritocracy: we respect and care for all our people as individuals, but recognition and reward are entirely performance-based. We do everything we can to help people learn, grow and succeed. We value “at cause” behavior, where individuals strive to help provide constructive solutions to problems rather than tolerate or complain about them.
  • Enjoyment and fulfilment: we are not afraid of hard work so long as it is productive, but we try to take a balanced perspective, enjoy what we do, and make time to laugh. We celebrate success with our clients.
  • Humility: we are proud of what we do but don’t take ourselves too seriously. We are irreverent towards authority without seeking to undermine it. We never forget that as individuals and as a firm we earn our success each and every day. We have the mindset of a number two – and will have even when we’re number one”

 

 

ABOUT US

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.

Across 61 offices in 38 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% among other consulting firms. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.

 

#LI-JC4

 

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