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TRAC Consultant
Job Posted: a day ago
Salary: £ 300 - 350 / Day
Job Type: Contract
Location: Somerset
Expire in: a month
Job Description
We are looking for an experienced TRAC Consultant to support a UK university during a critical stage of its annual Transparent Approach to Costing (TRAC) cycle. This is a fully remote, short-term assignment ideal for someone with strong sector knowledge who can deliver high-quality outputs at pace.
In this role, you will lead and advise on all aspects of TRAC preparation, including cost pool validation, cost driver review, TAS data processing and model updates. You will work closely with finance teams to ensure the university's TRAC and TRAC(T) returns are robust, compliant, and supported by clear documentation and audit trails. You will also help strengthen internal processes, improve data integrity and provide guidance on best practice in line with OfS, UKRI and TRAC guidance.
Key responsibilities include:
Reviewing TRAC methodologies and cost allocation structures
Ensuring all cost pools, drivers and TAS outputs are accurate, documented and compliant
Preparing or supporting final TRAC and TRAC(T) submissions
Advising on improvements to the TRAC model or supporting spreadsheets
Providing expert guidance to finance teams and other stakeholders
Strengthening audit trails and responding to TRAC-related queries
Ensuring deadlines are met and that outputs are clear, high-quality and fully audit-ableRequirements:
Extensive hands-on TRAC experience within UK Higher Education
In-depth understanding of TRAC, TRAC(T), TRAC(R), fEC and sector costing guidance
Strong analytical and Excel skills, including working with large data sets
Ability to work independently and deliver high-quality outputs under tight time frames
Excellent communication skills and confidence engaging with stakeholders remotelyBefore You Apply
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