At a Glance
- Tasks: Lead the Retail indirect costs programme and drive business accountability for cost reductions.
- Company: Join Lloyds Banking Group, a fast-changing bank shaping finance for good.
- Benefits: Enjoy a generous pension, performance bonuses, 30 days holiday, and flexible working.
- Other info: Inclusive workplace with diverse initiatives and excellent career growth opportunities.
- Why this job: Make a real impact in finance while collaborating with senior colleagues and stakeholders.
- Qualifications: Strong leadership and communication skills; accounting qualification preferred but not essential.
The predicted salary is between 50000 - 60000 £ 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.
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:
- 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 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.
As an inclusive employer, we offer Workplace Adjustments for colleagues with a disability (which may include long-term health and neurodivergent conditions) where it is reasonable to do so. This could include flexibility with regards to office attendance, location, and working pattern.
We are proud to be a Disability Confident Leader. If you have a disability, you can also apply via our Disability Confident Scheme (DCS). Through the DCS, we guarantee to interview a fair and proportionate number of applicants with a disability, whose application meets the minimum criteria for the advertised job role.
We also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health condition or neurodivergent condition. If you'd like an adjustment to the recruitment process just let us know.
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.
Retail Finance Business Partner - Indirect Costs in Halifax employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer that champions innovation and inclusivity, making it a fantastic place for professionals seeking to make a meaningful impact in the finance sector. With a hybrid working model, generous benefits including a substantial pension contribution, and a commitment to employee growth and diversity, you will thrive in a supportive environment that values your contributions and encourages personal development. Join us in Halifax, where you can be part of a forward-thinking team dedicated to shaping finance as a force for good.
StudySmarter Expert Advice🤫
We think this is how you could land Retail Finance Business Partner - Indirect Costs in Halifax
✨Tap into Campus Networks
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We think you need these skills to ace Retail Finance Business Partner - Indirect Costs in Halifax
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 LLOYDS BANKING GROUP.
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Research and Reflect:Before hitting that 'apply' button on LLOYDS BANKING GROUP'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 LLOYDS BANKING GROUP
✨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 LLOYDS BANKING GROUP.
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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 LLOYDS BANKING GROUP 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 LLOYDS BANKING GROUP 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.
