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- Tasks: Lead cost management for IT and cloud transformation, shaping budgets and optimising spend.
- Company: Join OSB Group, a forward-thinking bank on a transformation journey.
- Benefits: Competitive salary, annual bonus, 30 days leave, and enhanced family-focused benefits.
- Why this job: Make a real impact in finance while working with innovative technology and leadership teams.
- Qualifications: Qualified accountant with experience in cost management and strong analytical skills.
- Other info: Dynamic workplace committed to professional development and inclusivity.
The predicted salary is between 72000 - 85000 £ per year.
We are recruiting a Senior Cost Manager to own the end to end cost agenda, including maintaining a concise 'cost narrative' for core IT and the cloud native Transformation programme. This is a new role reporting into the Head of Cost, Reporting and Lending and will also work alongside a small team of Cost Business Partners. The role can be based from Wolverhampton or Chatham.
As Senior Cost Business Manager you will be the senior Finance representative into the IT and Transformation leadership teams, you'll challenge plans, shape spend profiles and tell a clear, evidence-based cost narrative that non-finance and technical stakeholders can act on. Your responsibilities will include:
- Lead cash accounting, capitalisation, depreciation/amortisation and the accuracy of the total cost of ownership across Transformation and Group Technology; partner closely with Group Financial Control.
- Lead the annual budget and a rolling forecast processes; build driver-based models (and identify risks and cost saving opportunities early).
- Implement cloud cost governance and support optimisation.
- Produce and present monthly actuals vs budget/forecast with clear root-cause variance analysis corrective actions and decision requests.
- Prepare materials suitable for SLT, Programme SteerCo and Group ExCo.
- Maintain a concise "cost narrative" that explains how the cost base is composed and how it's evolving.
- Simplify the cost model, shorten close/reporting timelines, automate reconciliations, and raise insight quality analysis.
Base salary from £72,000 - £85,000 dependant upon experience. Enhanced family-focused benefits. Annual bonus opportunity up to 25%. 30 days annual leave + bank holidays.
At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too. Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'. Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.
We are looking for talented individuals who have the experience and knowledge set out below:
- Fully qualified accountant with experience working and influencing Executive stakeholders.
- Track record in cost and/or management accounting within Financial Services, with proven ownership of complex technology cost centres and/or major programmes.
- Hands-on IT cost domain knowledge (infrastructure, software, services, projects; cloud).
- Demonstrable project accounting experience (capex/opex/cash).
- Advanced financial modelling in Excel including Power Query; experience with ERP/General ledger and forecasting tools to build clean, auditable driver-based models from raw data and provide insights and recommendations.
- Experience and knowledge of good financial control hygiene (reconciliations, documentation, segregation of duties).
- Strong analysis and clear communication skills in order to confidently present information and data in a digestible way.
If this sounds like you, please apply now. For internal applications please visit the internal careers page to apply.
We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.
Senior Cost Manager in Wolverhampton employer: OSB Group
Contact Detail:
OSB Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Manager in Wolverhampton
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and IT sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for those interviews! Research the company and its cost management strategies. Be ready to discuss how your experience aligns with their needs, especially around cloud cost governance and financial modelling. Show them you’re not just another candidate, but the right fit!
✨Tip Number 3
Practice your pitch! You’ll want to clearly articulate your cost narrative and how you’ve tackled similar challenges in the past. Keep it concise and impactful, so even non-finance folks can grasp your insights. Remember, clarity is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest roles and updates there. Let’s get you that Senior Cost Manager position!
We think you need these skills to ace Senior Cost Manager in Wolverhampton
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Senior Cost Manager role. Highlight your experience in cost management and financial modelling, and don’t forget to mention any hands-on IT cost domain knowledge you have!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're the perfect fit for this role. Share specific examples of how you've influenced executive stakeholders and managed complex technology cost centres.
Showcase Your Analytical Skills: We love candidates who can present data in a digestible way. In your application, include instances where you've successfully communicated complex financial information to non-finance stakeholders. This will show us you can maintain that concise 'cost narrative' we’re after!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. We can’t wait to see what you bring to the table!
How to prepare for a job interview at OSB Group
✨Know Your Cost Narrative
Make sure you can clearly articulate the cost narrative for IT and cloud transformation. Prepare examples of how you've shaped spend profiles and challenged plans in previous roles. This will show your understanding of the financial landscape and your ability to communicate complex information effectively.
✨Brush Up on Financial Modelling
Since advanced financial modelling is key for this role, practice building driver-based models in Excel. Be ready to discuss your experience with ERP systems and how you've used data to provide insights and recommendations. This will demonstrate your technical skills and readiness for the challenges ahead.
✨Prepare for Stakeholder Engagement
Think about how you've influenced executive stakeholders in the past. Prepare specific examples that highlight your communication skills and ability to present financial data in a digestible way. This will help you connect with the interviewers and show that you're capable of working alongside leadership teams.
✨Showcase Your Project Accounting Experience
Be ready to discuss your hands-on experience with project accounting, including capex and opex. Prepare to explain how you've managed complex technology cost centres and any cost-saving initiatives you've implemented. This will illustrate your practical knowledge and problem-solving abilities in a relevant context.
