At a Glance
- Tasks: Lead financial strategy and decision-making for impactful initiatives at Newcastle Building Society.
- Company: Join a member-owned mutual with a commitment to inclusivity and community.
- Benefits: Competitive salary, bonus scheme, flexible working, and generous leave policies.
- Other info: Inclusive environment with opportunities for professional growth and development.
- Why this job: Shape meaningful change and make a lasting impact in a dynamic finance role.
- Qualifications: Strong strategic finance experience and ability to build relationships with senior stakeholders.
The predicted salary is between 70000 - 90000 £ per year.
About the Role
Reporting to the Chief Financial Officer, the Director of Strategic Finance will lead the financial direction, challenge and decision-making across all strategic initiatives for the Newcastle Building Society Group. This role will play a central part in supporting the CFO and wider Group to define and model a range of strategic outcomes, drawing on both internal expertise and external market insight. You will bring thoughtful challenge to the current state and provide strong financial guidance to support the organisation’s journey towards its target future state. This is a unique opportunity to shape meaningful change and make a lasting impact across the Society.
You will also provide leadership across several key finance functions, including Decision Support. In doing so, you will help foster a forward-looking, insight-led culture that enables confident, well-informed and value-focused decision-making across the business.
About You
You will be a trusted strategic finance partner, building strong relationships with a wide range of senior stakeholders and offering clear financial advice alongside constructive and balanced challenge. Working collaboratively with Group Finance colleagues and business leaders, you will help shape and align strategic priorities, ensuring decisions deliver sustainable organisational value while recognising key considerations such as capital and liquidity.
You will contribute significantly to the evaluation of a broad spectrum of strategic options—from incremental change through to more significant transformation—within the Recovery and Resolution Plan, supported by robust financial modelling and scenario analysis. You will also support the creation of clear, insightful reporting and presentations for the Board and senior leadership, helping to build a shared understanding of performance and future direction.
In leading a team of Strategic Finance Partners, you will create an inclusive, high-performing environment where individuals feel supported to grow and succeed. You will develop trusted professionals who can bring strategic thinking to life through practical, actionable plans and strong partnerships across the organisation.
You will work closely with Finance, Commercial and ALM teams to strengthen forecasting, modelling, pricing and corporate planning processes, while continuing to evolve financial tools and scenario analysis within the budgeting and long-term planning cycles. Through thoughtful review of performance and forecasts, you will provide forward-looking insights that inform both immediate decisions and longer-term strategy.
Acting as a deputy to the CFO on strategic initiatives, you will bring confidence and credibility to executive-level discussions and play a key role in shaping plans over a three- to five-year horizon and beyond.
About Us
Group Finance Our functional vision is built on leadership, partnering for value, building specialised teams and ensuring our technology roadmap is based on future focused systems. The Financial Operations & Control function brings together all operational activities and centres of excellence within Finance. This includes everything from closing the ledger, through to regulatory reporting and technical accounting, as well as accounts payable and payroll.
As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return? As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:
- Financial
- Corporate bonus scheme (on target 20%, up to a maximum 30%)
- Pension scheme (up to 9% employer contribution)
- Annual performance related pay reviews
- Colleague mortgage scheme
- Electric car salary sacrifice scheme
- Life assurance (4x salary) and income protection
- Access to our financial advisers
- Access to a range of high street and online discounts
- Work/Life Balance
- A 35-hour weekly contract - We are happy to talk flexible working and welcome discussions
- 30 days’ annual leave + bank holidays
- The option to buy and sell up to 5 days’ holiday
- Hybrid working (typically 3 days’ home based)
- Above statutory family leave entitlement - 3 months full pay, 3 months half pay, regardless of gender or route to parenthood
- Health and Wellbeing
- Private medical insurance
- Access to a health cash plan through a Medicash scheme
- Access to an employee assistance programme
- Free onsite gym at our Cobalt head office and access to discounted gyms
- Two paid volunteering days each year
- Cycle to work scheme
Recognising there’s no one-size-fits-all approach to recruitment, we’re committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you, you can contact your Recruiter for this vacancy at kate.wilkinson@newcastle.co.uk
Director of Strategic Finance in Newcastle upon Tyne employer: Newcastle Building Society
Newcastle Building Society is an exceptional employer that prioritises inclusivity and employee growth, offering a competitive salary and a comprehensive benefits package including a corporate bonus scheme, generous pension contributions, and flexible working arrangements. With a strong focus on fostering a supportive work culture, employees are encouraged to thrive in their roles while contributing to meaningful strategic initiatives that shape the future of the organisation.
Contact Details:
Newcastle Building Society Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Director of Strategic Finance in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who might know someone at Newcastle Building Society. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by diving deep into the company’s values and recent initiatives. Show them you’re not just another candidate; you’re genuinely interested in shaping their financial future.
✨Tip Number 3
Practice your pitch! Be ready to articulate how your experience aligns with their strategic goals. Highlight your ability to provide insightful financial guidance and foster strong relationships with stakeholders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace Director of Strategic Finance in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight how your experience aligns with the Director of Strategic Finance role. We want to see how you can bring value to our team, so don’t hold back on showcasing your relevant skills!
Showcase Your Leadership Skills:Since this role involves leading a team, it’s crucial to demonstrate your leadership experience. Share examples of how you've successfully guided teams in the past and how you foster an inclusive environment. We love seeing candidates who can inspire others!
Be Insightful and Analytical:This position requires strong financial modelling and scenario analysis skills. Use your application to illustrate your analytical thinking and provide examples of how you've used data to inform strategic decisions. We’re all about making informed choices here at StudySmarter!
Apply Through Our Website:We encourage you to submit your application through our website for a smoother process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy to do!
How to prepare for a job interview at Newcastle Building Society
✨Know Your Numbers
As a Director of Strategic Finance, you’ll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how they relate to strategic decision-making. Prepare examples of how you've used financial modelling and scenario analysis in past roles.
✨Build Relationships
This role requires strong relationships with senior stakeholders. Before the interview, think about how you can showcase your ability to build trust and collaborate effectively. Have anecdotes ready that highlight your experience in fostering partnerships across different teams.
✨Showcase Strategic Thinking
Be prepared to discuss your approach to evaluating strategic options. Think about times when you’ve provided thoughtful challenge to existing processes or decisions. Highlight your ability to align financial strategies with broader organisational goals.
✨Prepare Insightful Questions
Interviews are a two-way street! Prepare insightful questions that show your understanding of the company’s strategic direction and challenges. This not only demonstrates your interest but also gives you a chance to assess if the role aligns with your career aspirations.
