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For Companies At a Glance
- Tasks: Lead cost management and budget control across the organisation, ensuring financial efficiency.
- Company: Join Nest, the UK's largest workplace pension scheme, committed to inclusivity and innovation.
- Benefits: Flexible working, generous training budget, and a supportive team environment.
- Why this job: Make a real impact on financial strategies while developing your leadership skills.
- Qualifications: Experience in cost management within financial services and strong analytical skills required.
- Other info: Exciting opportunities for career growth in a dynamic finance team.
The predicted salary is between 36000 - 60000 £ per year.
Role Overview
Reporting into the Director of Financial Control, this new role within the Finance Directorate will be responsible for cost management across the Corporation (expenditure within Nest Corporation associated with the Nest Scheme and the Trustee). The role will engage with stakeholders across the business, promoting budgetary control, cost synergies, value for money - helping to maximise outcomes for our members and meeting our Managing Public Money (MPM) obligations. The role will incorporate management and oversight of the accounts payable team (2-3) and cost control resource (1); and assume responsibility for operational tax matters i.e. PSA and VAT returns. The role will also have an element of change responsibility to implement new cost control related enhancements. A key responsibility is to ensure strong working relationships with strategic partners and all suppliers.
The minimum criteria for this role are:
- Proven experience as a Senior Cost Manager within the Financial Services industry.
- Good IT skills particularly with MS Office (Outlook, Excel, Word, PowerPoint etc.).
- Strong analytical and problem‑solving skills with the ability to interpret complex financial data and identify cost drivers.
- An attention to detail with strong organisation skills.
- People management skills, with proven experience in supporting the development of team members.
Don’t worry if you think you don’t have all the key skills, it might be worth taking the few minutes to apply as we’re good at spotting potential and offer a generous training budget.
Flexible and agile working
Everyone’s personal situation is different. To make the most out of hybrid working, we’ve introduced different ways of working, which include (subject to role requirements): hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office, once - twice a week, or more, as required).
Directorate/Department Overview
The Finance Directorate, led by the Chief Financial Officer and their leadership team, is made up of three distinct teams: Within the Finance team there are multiple disciplines including the core financial control activities, including cost control, for which this role would be responsible. It is an exciting time to join the Finance function as the CFO is looking to make a significant amount of change and enhancement in each of the areas but also looking for synergies and alignment across the Directorate.
Organisational Overview
Nest is an award‑winning workplace pension scheme, the largest in the country. Set up by the government to give every worker in the UK somewhere to save, our first‑class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.
Diversity, Equity and Inclusion
Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, race, religion/belief, sex, sexual orientation or socio economic background. We also recognise the importance of diversity of thought and other forms of neurocognitive variation. Nest is a Disability Confident Leader, which is the highest level of the Disability Confident Scheme. If you have a disability, please declare that you’re applying through the scheme. We aim to offer an interview to those applicants who apply through the Disability Confident Scheme and best meet the minimum criteria. However, there may be some circumstances where this is not possible due to the volume of applications.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications. If you have any difficulty in sending your application or need the application pack in an alternative format, or you require any reasonable adjustments please contact: careers@nestcorporation.org.uk.
Head of Cost Control employer: Nestpensions
Contact Detail:
Nestpensions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Cost Control
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance industry, especially those who might know someone at Nest. A friendly chat can open doors and give you insider info about the role.
✨Tip Number 2
Prepare for the interview by brushing up on your cost management knowledge. Be ready to discuss how you've tackled budgetary control and cost synergies in your previous roles. We want to see your analytical skills in action!
✨Tip Number 3
Show off your people management skills! Think of examples where you've developed team members or improved team dynamics. This is key for the Head of Cost Control role, so make sure to highlight it.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re all about spotting potential, so even if you don’t tick every box, we want to hear from you!
We think you need these skills to ace Head of Cost Control
Some tips for your application 🫡
Show Off Your Experience: Make sure to highlight your proven experience as a Senior Cost Manager in the Financial Services industry. We want to see how your background aligns with the role, so don’t hold back on showcasing your achievements!
Be Detail-Oriented: Attention to detail is key for this role. When you’re writing your application, double-check for any typos or errors. A polished application shows us that you take pride in your work and can manage complex financial data effectively.
Connect with Our Values: We’re all about diversity, equity, and inclusion at Nest. In your application, feel free to share how your personal values align with ours. This helps us see how you’d fit into our culture and contribute to our mission.
Apply Online!: Remember, we only accept online applications, so make sure to submit yours through our website. It’s quick and easy, and it ensures your application gets to the right place without any hassle!
How to prepare for a job interview at Nestpensions
✨Know Your Numbers
As a Head of Cost Control, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've managed costs in previous roles. Prepare examples that showcase your analytical skills and ability to interpret complex data.
✨Engage with Stakeholders
This role involves engaging with various stakeholders across the business. Think about how you can build strong relationships and promote budgetary control. Be prepared to share experiences where you've successfully collaborated with others to achieve cost synergies.
✨Showcase Your Leadership Skills
You'll be managing a small team, so highlight your people management experience. Discuss how you've supported team development and fostered a positive working environment. Share specific examples of how you've led change or implemented enhancements in cost control.
✨Be Ready for Change
The Finance Directorate is looking for someone who can drive change. Prepare to discuss your experience with implementing new processes or systems. Think about challenges you've faced during transitions and how you overcame them to ensure successful outcomes.
