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Cost Analyst - Economics TeamLondon, United Kingdom

Posted 04 March 2021

The Opportunity

We are looking to recruit a talented and motivated Cost Analyst to join our Economics team in London. The Economics team’s brand is ‘Where macroeconomics meets commodities’, which means our focus is on linking developments in the wider economy to sectors and countries that matter to our clients in the global mining, metals and fertilizer industries.

Reporting into our Chief Economist, the Cost Analyst will be the team’s cost expert, and they will be accountable to colleagues and CRU clients for the Cost Macro. The Cost Macro consists of a large data file and report, together they underpin our view of the macroeconomic drivers of mining and metal production costs. The data file is uploaded into a Cost Macro Module, that in turn feeds all of CRU’s Cost Models.  The Cost Analyst will be responsible for ensuring our methods are robust and our data of high quality. The individual will also be Editor of CRU’s quarterly Cost Macro report, and a contributor to the team’s Global Economic Outlook each month.

This is a high-profile role within CRU. It involves collaboration and coordination across business units and geographies. The successful candidate will need to be comfortable with handling large datasets and telling stories about the economic factors driving the underlying data. Our Cost Analyst will be responsible for assisting CRU Cost Modellers to understand and maximise the value of the Global Cost Macro Module, and, there will also be a role in growing direct contact with our customers.

We require an Analyst that has proven working experience, and a good understanding of the Metals and Mining or Energy industry. Candidates should have a degree (Undergraduate and Masters) in a quantitative subject, for example in Economics or Engineering. The undergraduate degree (first or 2:1), should be from a top British university, or equivalent level qualification from a leading university outside of the UK. As a global Company we work across multiple time zones, so a degree of flexibility will be needed.  

Responsibilities will include:


  • Work collaboratively with all internal stakeholders to implement the Economics Team strategy

Editor of the Cost Macro report

  • Responsibility for the production and timely delivery of the quarterly cost macro report
  • Continually develop the report with changes evidenced by colleagues and client needs
  • Responsibility for producing scenarios and writing special features and topical insights

Manage the collection of data with input from other CRU teams

  • Manage quarterly data collection from outside sources
  • Ensure up-to-date documentation of sources
  • Identify and implement improvements to data quality and sourcing

Timely delivery of Cost Macro data file

  • Create and communicate schedule for Cost Macro delivery in conjunction with CRU analysis and IT teams
  • Engage with Cost Modellers on a regular basis to understand needs and priorities
  • Maintain and improve overall the Cost Macro; support the redesign and testing of new model versions

Timely delivery of China Cost Macro

  • Create and communicate schedule for delivery in conjunction with the Beijing office
  • Engage with the Beijing office to ensure Chinese cost drivers are consistent with the global Cost Macro
  • Maintain/improve process for delivery/dissemination of the forecast

Become a recognised expert in the following areas

  • Crude oil (utilising EIA), diesel, HFO and bunker fuel
  • Carbon and power prices
  • Freight, capital/equipment costs, supplies and cost of capital
  • Mining, Metals and Fertilizer Labour cost inflation

About you – What additional experience are we looking for?

  • An enthusiastic team player with good communication skills
  • An analytical mind-set and a strong aptitude for working with data
  • Delivery focused with a passion for quality and innovation
  • A desire to develop external client relationships
  • Highly proficient in MS Excel
  • Strong proficiency in MS Word, PowerPoint, and Outlook
  • Fluent written and spoken English
Apply for this role here