Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the Retail indirect costs programme and drive business accountability for cost reductions.
- Company: Join Lloyds Banking Group, a pioneering bank shaping finance for good.
- Benefits: Enjoy flexible working, generous pension contributions, 30 days holiday, and wellbeing initiatives.
- Why this job: Make a significant impact in a fast-paced environment while growing your skills and career.
- Qualifications: Strong leadership, communication skills, and an accounting qualification preferred but not essential.
- Other info: We celebrate diversity and offer adjustments for applicants with disabilities.
The predicted salary is between 70000 - 85000 £ per year.
An exciting and unique opportunity has arisen to join the Retail Finance team to lead Indirect Costs for the largest Retail Banking Business in the UK. This role offers a fantastic opportunity to build a deep understanding of the Retail cost base, work closely with senior colleagues within Finance, and to use your skills to make a significant impact with a range of stakeholders across Finance and the Retail business units.
What you'll be doing:
- Lead the Retail indirect costs programme aligned to the workstreams agreed by Group Cost Management Committee (GCMC), driving momentum and ensuring key stakeholders are updated as required.
- Build a deep understanding of indirect costs including the composition of Group Function costs, allocation methodologies and drivers, and impact on Product Profitability and Returns.
- Increase visibility, understanding and transparency of indirect costs through regular engagement with our business stakeholders. Lead improvements in how indirect cost information is presented to enable greater transparency and insight.
- Drive business accountability for indirect costs, supporting the business to drive reductions in indirect costs, facilitating discussions between supplier and product areas.
- Shape & develop an indirect cost reporting process to provide driver & performance-based insight combined to improve efficiency and productivity.
- Manage the implications of strategic and transformation decisions, and new approaches including dynamic charging, ensuring the indirect cost implications are understood and considered.
What you'll need:
- Strong leadership skills, comfortable taking ownership and leading through others, along with responsibility for your own work.
- Effective verbal and written communication skills, with a consistent track record in creating and sharing clear and tailored communications with a range of stakeholders.
- Ability to influence, using compelling arguments to gain the support and dedication of others to drive forward actions.
- Experience in building and establishing positive relationships.
- Upbeat and pro-active approach, with the ability to act on your own initiative.
- Aptitude to thrive in a fast-paced environment and under pressure, whilst delivering accurate outputs.
- Eager to learn and have a curious attitude, enjoying being challenged by new opportunities that arise.
- Accounting qualification (ACCA, CIMA, ACA) preferable but not essential.
About working for us:
Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We’re committed to creating a consciously inclusive workplace where our colleagues can be themselves, thrive and perform at their best.
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
If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.
Contact Detail:
Lloyds Bank plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Finance Business Partner – Indirect Costs
✨Tip Number 1
Familiarise yourself with the key responsibilities of the Retail Finance Business Partner role. Understand the importance of indirect costs and how they impact profitability. This knowledge will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with current or former employees in similar roles. Use platforms like LinkedIn to connect and ask about their experiences. This can provide valuable insights into the company culture and expectations, which you can leverage in your discussions.
✨Tip Number 3
Prepare to demonstrate your leadership skills and ability to influence stakeholders. Think of specific examples from your past experiences where you've successfully led a project or influenced a decision, as these will be crucial in showcasing your fit for the role.
✨Tip Number 4
Stay updated on industry trends related to finance and retail banking. Being knowledgeable about current challenges and innovations in the sector will not only impress your interviewers but also show your genuine interest in the field.
We think you need these skills to ace Retail Finance Business Partner – Indirect Costs
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Retail Finance Business Partner position. Tailor your application to highlight how your skills and experiences align with the job description.
Highlight Relevant Experience: In your CV and cover letter, focus on your leadership skills and experience in finance. Provide specific examples of how you've influenced stakeholders and driven cost reductions in previous roles.
Craft a Compelling Cover Letter: Your cover letter should not only express your enthusiasm for the role but also demonstrate your understanding of indirect costs and their impact on profitability. Use clear and concise language to convey your points.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in finance roles.
How to prepare for a job interview at Lloyds Bank plc
✨Understand the Role
Before the interview, make sure you have a solid grasp of what the Retail Finance Business Partner role entails. Familiarise yourself with indirect costs and how they impact profitability. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Leadership Skills
Since this role requires strong leadership abilities, prepare examples from your past experiences where you've successfully led a team or project. Highlight how you took ownership and drove results, as this will resonate well with the interviewers.
✨Prepare for Stakeholder Engagement
The ability to communicate effectively with various stakeholders is crucial. Think of instances where you've influenced decisions or built positive relationships. Be ready to discuss these experiences and how they relate to the role you're applying for.
✨Demonstrate a Proactive Attitude
Employers are looking for candidates who can thrive in fast-paced environments. Share examples of how you've taken initiative in previous roles, tackled challenges head-on, and adapted to changing circumstances. This will show that you're the right fit for their dynamic workplace.
