At a Glance
- Tasks: Lead cost reporting and financial planning for a dynamic finance team.
- Company: Join Coventry Building Society, a trusted ethical organisation with a strong community focus.
- Benefits: Enjoy 28 days holiday, a bonus scheme, and private medical insurance.
- Other info: Flexible working options available; be part of a diverse and inclusive workplace.
- Why this job: Shape the future of cost management while driving innovation and efficiency.
- Qualifications: Qualified accountant with strong FP&A experience and advanced analytical skills.
The predicted salary is between 80000 - 80000 £ per year.
As part of the transformation of the Finance function, the Cost Reporting Lead role has been created to develop and manage consolidated cost reporting, forecasting and planning for the Group. The role leads the strategic financial planning, budgeting and forecasting processes, acting as the central point of contact for all cost reporting across the Cost team and wider FP&A function. By bringing strong commercial insight and an understanding of the external environment, the role identifies risks and opportunities, enabling better decision making and influencing stakeholders to maintain a sharp focus on cost.
The Cost Reporting Lead is responsible for producing high quality executive level reporting that clearly articulates key messages and drives action. Working closely with Lead Finance Business Partners, FP&A colleagues and senior stakeholders, the role ensures a deep understanding of business areas, cost drivers and key risks and opportunities, while supporting partnering teams through centralised reporting, structured planning cycles and clear ownership of actions. The role collaborates closely with the Head of Cost Management, directs a small team, and ensures strong governance, controls and version management across all planning and forecasting activities in line with regulatory and risk management frameworks.
The role also plays a key part in shaping the future of cost management by embedding new systems such as Workday and Adaptive, driving automation, standardisation and continuous improvement to deliver a single version of the truth. Acting as the recognised subject matter expert in financial planning and forecasting, the Cost Reporting Lead leads scenario analysis, modelling and strategic insight, develops planning assumptions, and incorporates internal and external market trends into forecasts and budgets. Through strong cross functional relationships with HR, Procurement and the wider business, the role champions efficiency, robust cost control and forward-looking insight that supports the organisation’s strategic priorities.
Location: We operate on a team-led hybrid approach with at least 2 days a week in the Coventry & / or Manchester office.
Our benefits include:
- 28 days holiday a year plus bank holidays and a holiday buy/sell scheme.
- Annual discretionary bonus scheme
- Personal pension with matched contributions
- Life assurance (6 times annual salary)
- Company car allowance
- Private Medical Insurance
For this role you’ll need to have:
- Qualified accountant (ACA / ACCA/ CIMA)
- Experience of leading financial planning activities within a Financial Services organisation.
- Experience of using planning tools
- Strong FP&A or Business Partnering experience, ideally with a focus on cost analysis and planning.
- Advanced analytical and modelling skills, an expert in contributing insights into drivers of cost, risk and value and presenting complex information in a simple and compelling way.
- Financial acumen with the ability to gather and analyse data, financial and non-financial, from a wide range of sources to drive commercial insight.
Experience in these areas would be helpful:
- Experience of using Adaptive Planning
- A degree in Finance, Accountancy, or related field.
We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.
Cost Reporting Lead in Coventry employer: Coventry Building Society
Coventry Building Society is an exceptional employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and development. With a strong commitment to flexibility, comprehensive benefits including a generous holiday allowance, annual bonus scheme, and private medical insurance, employees are empowered to thrive both personally and professionally. Located in the vibrant cities of Coventry and Manchester, the role of Cost Reporting Lead not only provides a competitive salary but also the opportunity to shape the future of financial planning within a purpose-driven organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Reporting Lead in Coventry
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Coventry Building Society. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Cost Reporting Lead in Coventry
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Coventry Building Society.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Coventry Building Society's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Coventry Building Society
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Coventry Building Society.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Coventry Building Society will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Coventry Building Society employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
