At a Glance
- Tasks: Lead the production of consolidated financial results and manage a team of finance specialists.
- Company: Join Virgin Money, a pioneering mutual bank dedicated to fairer banking for all.
- Benefits: Enjoy 38.5 days annual leave, flexible benefits, and market-leading pension from day one.
- Why this job: Be part of a collaborative team making a positive impact on society through finance.
- Qualifications: Qualified Chartered Accountant with experience in consolidation and financial analysis.
- Other info: Hybrid working with occasional travel to Glasgow; apply early as roles may close quickly.
The predicted salary is between 46800 - 56800 £ per year.
Business Unit: Group Finance
Salary Range: £56,800 – £71,000 per annum DOE + red-hot benefits
Location : UK Hybrid – occasional travel to Glasgow hub
Contract Type: Permanent
Our Team
We have a fantastic opportunity within the Consolidation & Control team, which sits within our Financial Control function and is responsible for the production of the Virgin Money UK Group’s consolidated financial reporting and reporting to our parent, Nationwide. Our team makes sure that the financial month end process runs smoothly and is crucial in delivering accurate and reliable financial results to key internal and external stakeholders. If numbers and control are your thing, and you share our passion to make banking better, then this could be the role for you. We're looking for genuine self-managing professionals here – people who understand what might be possible.
What you’ll be doing
- Leading on the production of consolidated financial results for the VMUK Group each month, feeding into the Nationwide month end process as well as the External Reporting process at quarter ends
- Responsible for the financial consolidation activity within the VMUK Group and correct eliminations
- Managing a team of finance specialists
- Leading on ad hoc technical accounting processes and queries
- Responsible for completion of interim and full year primary statements and preparation of notes
- Collaborating with a range of stakeholders across the financial landscape to drive continuous process improvements
We need you to have
- Qualified Chartered Accountant (ICAS or equivalent professional accounting qualification)
- Proven experience in a consolidation role within Banking or Financial Services is preferable or a large corporation.
- Experience in statutory reporting
- Significant experience in financial analysis and interpretation of financial results, metrics and trends. Working with big numbers and high volumes of data.
- Experience of managing a team
- Advanced Excel skills
- Demonstrable verbal and written communication skills
- Proven track record of effective stakeholder management and influencing capability
- Initiative and drive for consistently achieving goals and delivering on expectations
- A natural curiosity and drive to know more. Also be hardworking, with a real eye for detail.
It’s a bonus if you have but not essential
- Understanding of existing Finance processes
- High level knowledge of the VMUK PLC organisation to develop and build value from key stakeholder relationships
- Good working knowledge of the Bank’s financial systems including FCCS, Oracle and Microsoft packages
Red Hot Rewards
- Generous holidays – 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
- Up to five extra paid well-being days per year .
- 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
- Market-leading pension.
- Free private medical cover, income protection and life assurance.
- Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there's no waiting around, you'll enjoy these benefits from day one.
If we’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.
Say hello to Virgin Money
Virgin Money is so much more than just a bank. As part of the Nationwide group, together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose; Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.
Be yourself at Virgin Money
At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking – but fairer, more rewarding, and for the good of society. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.
Now the legal bit
Although some of our roles allow you to be based anywhere in the UK, we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.
Finance Consolidation Manager employer: Virgin Money
Contact Detail:
Virgin Money Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Consolidation Manager
✨Tip Number 1
Familiarise yourself with Virgin Money's values and mission. Understanding their commitment to making banking fairer and more rewarding will help you align your responses during interviews, showcasing how your personal values resonate with theirs.
✨Tip Number 2
Network with current or former employees of Virgin Money, especially those in finance roles. They can provide insights into the company culture and expectations, which can be invaluable when preparing for interviews.
✨Tip Number 3
Brush up on your technical accounting knowledge, particularly in consolidation and statutory reporting. Being able to discuss specific examples of your experience in these areas will demonstrate your expertise and readiness for the role.
✨Tip Number 4
Prepare to discuss your experience in managing teams and stakeholder relationships. Highlighting your leadership style and how you've successfully influenced others will show that you're a good fit for the collaborative environment at Virgin Money.
We think you need these skills to ace Finance Consolidation Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial consolidation and statutory reporting. Emphasise your qualifications as a Chartered Accountant and any relevant roles in banking or financial services.
Craft a Compelling Cover Letter: In your cover letter, express your passion for finance and detail how your skills align with the responsibilities of the Finance Consolidation Manager role. Mention your experience in managing teams and stakeholder relationships.
Showcase Your Technical Skills: Highlight your advanced Excel skills and any familiarity with financial systems like FCCS or Oracle. Provide examples of how you've used these tools to analyse financial data and drive process improvements.
Demonstrate Your Communication Skills: Since effective communication is key for this role, include examples of how you've successfully communicated complex financial information to stakeholders. This could be through reports, presentations, or team meetings.
How to prepare for a job interview at Virgin Money
✨Showcase Your Technical Skills
As a Finance Consolidation Manager, you'll need to demonstrate your advanced Excel skills and understanding of financial consolidation processes. Be prepared to discuss specific examples of how you've used these skills in previous roles, especially in managing large volumes of data.
✨Highlight Your Leadership Experience
Since the role involves managing a team of finance specialists, it's crucial to showcase your leadership experience. Share examples of how you've successfully led teams, resolved conflicts, and driven performance improvements in past positions.
✨Prepare for Stakeholder Management Questions
Effective stakeholder management is key in this role. Be ready to discuss your experience in collaborating with various stakeholders, how you’ve influenced decisions, and any challenges you've faced in these interactions. Use specific examples to illustrate your points.
✨Demonstrate Your Curiosity and Initiative
The job description mentions a natural curiosity and drive to know more. Prepare to discuss how you've taken the initiative in your previous roles to improve processes or learn new skills. This will show your potential employer that you're proactive and eager to contribute.