Senior Analyst - BCG Vantage, Zero-Based Budgeting

Boston Consulting Group • Dallas, TX

4d

About The Position

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive. As a Senior Analyst – BCG Vantage on our Client Focus path within BCG's Zero Based Budgeting (ZBB) topic, you will work in a growing global team, providing functional expertise and insights, working together with BCG case and proposal teams to deliver expert Zero Based Transformation advisory to our clients. This will also include case delivery support and the creation of customized knowledge assets. You’ll be deployed in client engagements with core consulting teams, actively engaging with clients to understand their needs, developing tailored solutions, and presenting insights and recommendations with clarity and confidence. In addition, you will support business development, go-to-market efforts and development of intellectual property & knowledge assets of the ZBB business, as opportunities arise, contributing to research and analysis & marketing efforts. ZBB is a fast-growing sub-unit within CFS that supports CEOs, CFO's and leaders to win the “next game”- and how to maximize value creation while doing it. ZBB provides the visibility needed to rigorously review and challenge ways of working and ultimately resetting the cost base in a way that guarantees the business is kept lean for a long-term. BCG Vantage is a powerhouse of expertise, seamlessly embedded within Practice Areas and markets to drive extraordinary impact. It equips BCG case teams and clients with cutting-edge expertise, proprietary assets, actionable data, and transformative insights that empower our case teams and enable our clients to achieve their aspirations. With global experts across 20 Practices, covering more than 100 topics, sectors and offers, plus four focused geographic markets, BCG Vantage delivers unparalleled depth and breadth of insight & expertise. BCG Vantage consists of three career paths, each playing a crucial role in delivering value to clients, case teams and practice teams. Client Focus (Embedded Expertise) Integrates into client-facing teams to deliver direct client impact through expertise, know-how, and proprietary tools and assets Topic Activation (Sector Expertise with Proprietary Tool & Data Solutions) Combines deep domain insights with our know-how and proprietary assets to address targeted challenges directly with clients and project teams; co-creates insights on industry trends and functional topics, proprietary data and tools, and teams to codify IP that all enables BCG to deliver excellent business value with its clients Research (Practice Topic and Sector-Aligned Research and Insights) Delivers actionable research and insights tailored to the client project’s needs; works with qualitative and quantitative data, conducts research and provides synthesized results from sources including commercial data, public and open source, company and industry research, macro-economic, commodities and trade data.

Requirements

• 5+ years of relevant work experience in cost restructuring required; candidates with consulting experience preferred
• Minimum 2+ years of consulting experience strongly preferred, and 2-4+ years of industry experience in lieu of consulting experience
• Master’s degree in business administration, corporate finance, accounting, mathematics etc. with very good academic achievements and / or Qualified Chartered Accountant and / or ACCA and / or CMA, with a management consulting background
• Outstanding analytical skills / comfortable working with large data sets to distill data driven insights
• Outstanding interpersonal and communication skills to interact with internal and external stakeholder while working in a global collaborative team environment
• Fluency in English

Nice To Haves

• Knowledge of data analysis and visualization tools (e.g., Alteryx and Tableau) will be an added advantage

Responsibilities

• Detailed cost baselining and spend analysis with strong understanding of cost categories at a granular level
• Analysing large datasets of client financial and non-financial data utilizing advanced data analysis techniques to generate high value insights
• Understanding and optimizing Chart of Accounts (CoA), general ledger systems and cost centers, providing insights to support cost management
• Conducting internal and external benchmarking of costs to develop initial savings hypothesis
• Identifying cost optimization levers to quantify savings potential and determining reinvestment opportunities
• Conducting stakeholder interviews and facilitating challenger workshops with clients, supported with high quality analyses and your knowledge of optimization levers
• Adapting the planning & budgeting process to sustainably incorporate the ZBB ways-of-working and savings ambitions
• Defining governance policies for steering a ZBB program and implementing optimization initiatives
• Monitoring savings realization and developing change management and communication for organization wide alignment
• Working collaboratively and contributing effectively to team discussions; often leading discussions on alternative approaches and deliverables
• Staffed as topic champion along with core consulting teams in client engagements by bringing in core domain expertise
• Own and drive successful completion of a module in client projects
• Provide insight generation expertise during team discussions to frame and structure client issues
• Provide problem solving and solutioning to drive improvements across client organization
• Enhance client deliverables by conducting high-quality analyses and applying business judgement
• Suggests alternative or additional analyses to expand original scope and provide new insight
• Demonstrate good slide-writing and story-lining skills to generate client ready materials
• Concise, synthesized and confident during discussions with project teams, running workshops with client teams and presenting analysis & findings to clients
• Develop effective relationships with senior project leadership to build strong demand as a topic champion for repeat staffing
• Demonstrating adaptability and resilience, quickly adjusting to changing priorities and maintaining composure under pressure
• Support proposal development by guiding consulting teams on transformation approach, BCG capabilities, past case credentials and experts
• Build and update new topic-related customized knowledge products
• Control the consistency of knowledge management databases
• Reviews knowledge products and ensures they are current and relevant and updates when appropriate
• Writes abstracts and indexes for projects and practice documents
• Assisting in Practice Area intellectual capital development projects (studies, articles and other publications

Benefits

• Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children
• Low $10 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs
• Dental coverage, including up to $5,000 in orthodontia benefits
• Vision insurance with coverage for both glasses and contact lenses annually
• Reimbursement for gym memberships and other fitness activities
• Fully vested Profit Sharing Retirement Fund contributions made annually, whether you contribute or not, plus the option for employees to make personal contributions to a 401(k) plan
• Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement
• Generous paid time off including 12 holidays per year, an annual office closure between Christmas and New Years, and 15 vacation days per year (earned at 1.25 days per month)
• Paid sick time on an as needed basis

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees