Description
JOB TITLE: Finance Manager – Cost Management
SALARY: £65,385 - £79,915
LOCATION(S): Bristol, Cardiff & Newport
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
We have an exciting opportunity for a passionate and detail-oriented accounting professional to join our Insurance, Pensions & Investments (IP&I) Planning & Analysis Cost team. This team sits within our Group Costs & Investments division and plays a critical role in shaping cost strategy and insight across the Insurance Division.
This is a fantastic opportunity to be part of a forward-thinking, data-driven team that plays a key role in delivering insightful, high-quality analysis tailored to the needs of senior partners — helping shape smarter decisions and drive real impact across the business.
Day to day you’ll be working on:
1. Cost Reporting: Deliver accurate and insightful reporting on direct and indirect costs, including cost allocations to products and legal entities.
2. Forecasting & Planning: Support cost forecasting for the Insurance Division’s full cost base, working closely with senior partners across the business and Group Finance.
3. Annual Basis Review: Contribute to modelling unit cost assumptions that underpin our Insurance propositions.
Why this role stands out:
4. Broad Business Exposure: You’ll gain insight into multiple areas of the IP&I business and the wider Banking Group — a unique opportunity to understand how Finance drives strategic decisions.
5. End-to-End Cost Management: From monthly reporting to supporting the Insurance Proposition cost allocation process, you’ll be at the heart of how we manage and optimise costs.
6. High-Profile Stakeholder Engagement: Regular interaction with Finance business partners, and the wider FP&A team means your work will be seen, valued, and impactful.
What’s in it for you:
7. A chance to grow with purpose in a role that blends technical expertise with strategic influence.
8. A fast-paced, supportive environment where innovation and continuous improvement are part of the culture.
9. The opportunity to develop a deep understanding of a divisional P&L, business operations, and the financial levers that drive performance.
About us
We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.
What you’ll need
10. Qualified Finance Professional – Actuary or accountant with a strong track record of personal development and delivering results.
11. Experience of cost management would be ideal.
12. Strong organisation skills - Plans ahead and organises work in a systematic and organised way to ensure that personal, team and functional objectives are achieved.
13. Outstanding Stakeholder Management – Proven ability to build, influence, and maintain effective cross-functional relationships.
14. Commercial Curiosity & Drive – Enthusiastic about understanding and challenging financial performance, with a proactive approach to driving actionable insights.
15. Collaborative Teammate – Committed to fostering a positive team environment and motivating those around you.
16. Continuous Improvement Mentality – Passionate about enhancing systems and processes to drive efficiency and effectiveness.
17. Technical Skill – Familiarity with PAX, Oracle and SAP and excellent excel skills is advantageous, though not essential.
18. Values-Driven – Alignment with Lloyds Banking Group’s vision and values is essential.
If you're someone who thrives on variety, enjoys working with senior partners, and wants to make a meaningful difference in how Finance operates — we’d love to hear from you.
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:
19. A generous pension contribution of up to 15%
20. An annual performance-related bonus
21. Share schemes including free shares
22. Benefits you can adapt to your lifestyle, such as discounted shopping
23. 30 days’ holiday, with bank holidays on top
24. A range of wellbeing initiatives and generous parental leave policies
If you’re excited by the thought of becoming part of our team, get in touch! We’d love to hear from you!
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.