JOB TITLE:
Head of Cost Financial Control
SALARY:
£114,810 - £135,070
LOCATION(S):
Edinburgh & Bristol
HOURS:
Full time
WORKING PATTERN:
Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About this opportunity
This exciting leadership role offers the opportunity to lead, build and motivate a team of c.90 finance professionals in the Cost Centre of Excellence. This role provides leadership to the Invoice & Expenses, Cost Journals and Control & Reporting Teams, partnering with cost stakeholder aligned teams and other parts of Finance to deliver a robust control environment.
You'll join us in Group Cost Management (part of Group Cost & Investments), a key function within the Finance community of LBG and end to end cost management. We're c.300 colleagues based across 4 main hubs, with responsibilities including cost planning & forecasting, investment management, cost reporting and cost charging covering c£9.7bn P&L and £3bn Investment.
The team has begun a significant Transformation journey, and you will be part of influencing, designing and implementing this over the long term to deliver an improved colleague and customer experience.
Day to day you'll:
* Lead and develop a high-performing and resilient team of c 90 people. Provide oversight, guidance and training support as needed to deliver on the objectives of the team.
* Oversee and lead the day-to-day operations ensuring accuracy, timeliness and compliance with internal SLAs and regulatory requirements
* Responsible for ensuring robust risk and controls management processes, including SOX and RCSA, are embedded within the team, and instil a 'no-surprises' high quality Financial Control environment. This includes appropriate monitoring of compliance and engagement with Internal and External audit teams.
* Ownership of the Oracle cost dashboards, development and access management including prioritisation of the reporting backlog with the Platform
* Coordinate the monthly processes and associated reconciliations and analysis to ensure cost journals and balances are substantiated to appropriate standards
* Own and be accountable in driving resolution of issues at pace, collaborating effectively across internal and external stakeholders to get the best solution for LBG.
* Drive an environment of curiosity, continuous improvement and automation initiatives to enhance efficiency and effectiveness across the team
* Ensure compliance with the relevant consumer codes of practice such as PPP, continually driving better results.
* As a key member of the Leadership team, drive the cultural change to ensure that GC&I is well placed to deliver for now and for the future
* Drive and positively influence key GC&I partners including Platform, Sourcing, Finance Directors, Risk Partners, External auditors and Suppliers
Why Lloyds Banking Group
If you think all banks are the same, you'd be wrong. We're an innovative, fast-changing business that's shaping finance as a force for good. A bank that's empowering its people to innovate, explore possibilities and grow with purpose.
What you'll need
* A qualified accountant with significant PQE preferably in the financial services industry
* Experienced leader with drive, energy and a growth mindset, who leads by example and has led a large team
* Proficient in P2P, AR, reconciliation and controls processes and tools; combined with team leadership experience in this area
* Ability to attract, inspire and lead a successful, diverse professional team actively managing performance to realise potential and retain talent.
* Strategic thinker, with a passion for creating and driving future transformation and continuous improvement within Finance teams
* Strong experience in Risk and Control frameworks, including LBG ORSCA and SOX, and liaising with External Auditors
* Prior experience of leading through system, process or cultural change
* Excellent communicator, able to influence and articulate complex issues at all levels across LBG, building strong diverse working relationships across different parts of the Group
About working for us
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we're committed to creating an environment in which everyone can thrive, learn and develop.
We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.
We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
We also offer a wide-ranging benefits package, which includes:
* A generous pension contribution of up to 15%
* An annual performance-related bonus
* Share schemes including free shares
* Benefits you can adapt to your lifestyle, such as discounted shopping
* 30 days' holiday, with bank holidays on top
* A range of wellbeing initiatives and generous parental leave policies
With our breadth, reach and diversity, we provide excellent opportunities for career growth and development. You'll get plenty of support, and you'll be surrounded by people who empower you to take the initiative, form relationships and make it happen. Together we can make a positive difference to our customers, our colleagues and our communities
If you're excited by the thought of becoming part of our team, get in touch
We'd love to hear from you