At a Glance
- Tasks: Analyse costs and drive cost-saving initiatives for Lloyds Banking Group.
- Company: Join a leading financial services group focused on innovation and transformation.
- Benefits: Generous pension, performance bonuses, share schemes, and 30 days holiday.
- Other info: Flexible working options and commitment to accessibility and inclusion.
- Why this job: Be part of a bold team making impactful decisions at the executive level.
- Qualifications: Strong analytical skills and experience in product/P&L management.
The predicted salary is between 85493 - 100580 £ per year.
Salary: £85,493‑£100,580
Location: Edinburgh & Bristol
Hours: Full‑time
Working pattern: Hybrid; at least two days per week at an office.
About this opportunity
We are a team that plays a meaningful role in cost leadership for Lloyds Banking Group, striving to provide valuable insights, drive cost‑saving initiatives, and ensure the effective use of the Group’s resources, including our colleague reward package. Our team of 12 colleagues is based across Edinburgh, Bristol, and London. We are part of the Group Financial Planning & Analysis (FP&A) team within Central Finance, giving us a unique opportunity to work across the Group and collaborate with teams across the organization. The work you do and the ideas you develop will inform conversations up to Group Executive Committee (GEC) level. This is a terrific opportunity for someone bold and ambitious.
What you’ll be doing
- Develop a deep understanding of costs through data, analysis, benchmarking, and best‑practice case studies.
- Use insights, trends, and data to identify cost opportunities and the structural changes needed for Lloyds Banking Group to remain a cost leader in financial services.
- Proactively build relationships and engage widely with colleagues to develop narratives, evidence, and advocacy to effect cost‑out/optimisation benefits.
- Review and challenge 4YOP submissions and cases with a strategic cost‑optimisation mindset.
- Identify and drive cost‑saving or unit‑cost efficiency initiatives, working with stakeholders across the Group.
- Challenge material contracts en route to the Group Cost Management Committee (GCMC) as the first reviewer.
- Support the running of GCMC meetings and the production of excellent papers to enable effective decision‑making.
Why join us
We’re on an exciting journey to transform our Group and redefine how we shape finance for good. We focus on the future, investing in technology, workplaces, and colleagues to make our Group a great place for everyone.
What we’re looking for
- Strong analytical background with the ability to understand data relationships, conduct trend analysis, and create effective modelling.
- Ability to coordinate multiple pieces of work simultaneously without compromising timescales or quality.
- Proactivity and restless curiosity.
- A growth mindset and commercial edge.
- Ability to influence and engage across a range of partners on potential opportunities and shape thinking.
- Ability to adapt and course‑correct based on feedback.
- Desire to take responsibility for efficient and effective production of high‑quality output and written work with attention to detail, often working independently.
- Product / P&L experience.
Accessibility and Inclusion
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location, and working patterns. As a Disability Confidence 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 Confidence Scheme.
Benefits
- Generous pension contribution of up to 15%
- Annual performance‑related bonus
- Share schemes, including free shares
- Benefits that can adapt to your lifestyle, such as discounted shopping
- 30 days’ holiday, plus bank holidays
- Range of wellbeing initiatives and generous parental leave policies
Ready to make an impact? Apply today.
Senior Manager - Group Cost Insights employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment in Edinburgh and Bristol where innovation and collaboration thrive. With a strong focus on employee growth, generous benefits including a substantial pension contribution and flexible working arrangements, we empower our team to make meaningful contributions while enjoying a healthy work-life balance. Join us in shaping finance for good and be part of a forward-thinking organisation that values your insights and ambitions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager - Group Cost Insights
✨Tap into Campus Networks
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Don’t shy away from reaching out directly to firms like LLOYDS BANKING GROUP. 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 Senior Manager - Group Cost Insights
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.
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 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.
✨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 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.
