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- Tasks: Lead financial insights and cost management strategies to shape our business's future.
- Company: Join Royal London, the UK's largest mutual life and pensions company.
- Benefits: Enjoy 28 days annual leave, a generous pension scheme, and private medical insurance.
- Why this job: Be part of a culture that values inclusion, collaboration, and personal growth.
- Qualifications: Qualified Accountant or Actuary with experience in Commercial Finance or Management Accounting.
- Other info: Hybrid working model with a mix of home and office-based work.
The predicted salary is between 36000 - 60000 £ per year.
This job is brought to you by Jobs/Redefined, the UK’s leading over-50s age inclusive jobs board.
Job Title: Cost Manager
Contract Type: Permanent
Location: Edinburgh, Alderley Park, & London
Working style: Hybrid 50% home/office based
Closing date: 17th March 2025
Are you a strategic thinker with a passion for financial insight and cost management? Join our team as a Cost Manager and play a pivotal role in shaping the financial future of our business.
In this role, you will:
- Provide financial insight and challenge to aligned business areas or change portfolios to deliver strategic cost strategies and benefit realisation.
- Act as the main point of engagement between Finance and the functional leadership team for cost base matters.
- Ensure cost drivers and allocations remain appropriate and provide insightful analysis to explain movements and implications.
- Oversee and manage the cost base and predicted outturn within the aligned business units with clear risks and opportunities.
- Encourage a culture of cost efficiency and drive change in behaviours across the Group.
- Facilitate and collaboratively challenge inputs for investment cases, business planning and forecasting processes.
- Continuously review and improve cost management processes.
About You:
We are looking for a qualified Accountant or Actuary with experience in Commercial Finance, Business Control, or Management Accounting. You should have a strong business curiosity and the ability to provide clear, effective communication of financial outcomes.
About Royal London:
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values: Empowered, Trustworthy, Collaborate, Achieve.
We’ve always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.
Inclusion, diversity and belonging:
We’re an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.
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Cost Manager employer: Royal London Mutual Insurance Society
Contact Detail:
Royal London Mutual Insurance Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Manager
✨Tip Number 1
Familiarize yourself with the financial landscape of the company. Research Royal London’s recent financial reports and understand their cost management strategies. This knowledge will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with current or former employees of Royal London on platforms like LinkedIn. Ask them about their experiences and insights regarding the company culture and the role of a Cost Manager. This can provide you with valuable information to tailor your approach.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully managed costs or improved financial processes. Highlight your strategic thinking and how it led to tangible benefits for your previous employers.
✨Tip Number 4
Showcase your understanding of the importance of collaboration in cost management. Be ready to explain how you would work with different teams to drive cost efficiency and foster a culture of accountability within the organization.
We think you need these skills to ace Cost Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Cost Manager position. Understand the key responsibilities and required qualifications, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in Commercial Finance, Business Control, or Management Accounting. Use specific examples that demonstrate your strategic thinking and financial insight.
Showcase Communication Skills: Since effective communication is crucial for this role, make sure to highlight instances where you've successfully communicated financial outcomes or collaborated with leadership teams in your previous roles.
Align with Company Values: Familiarize yourself with Royal London's Spirit of values: Empowered, Trustworthy, Collaborate, Achieve. Reflect these values in your application to show that you are a good cultural fit for the company.
How to prepare for a job interview at Royal London Mutual Insurance Society
✨Showcase Your Strategic Thinking
As a Cost Manager, you'll need to demonstrate your ability to think strategically about financial insights. Prepare examples from your past experiences where you successfully implemented cost strategies or improved financial processes.
✨Communicate Clearly and Effectively
Effective communication is key in this role. Practice explaining complex financial concepts in simple terms, as you will need to engage with various stakeholders. Be ready to discuss how you've communicated financial outcomes in previous roles.
✨Highlight Your Analytical Skills
The role requires insightful analysis of cost drivers and allocations. Be prepared to discuss specific tools or methodologies you've used for financial analysis and how they contributed to decision-making in your previous positions.
✨Emphasize Your Collaborative Approach
Collaboration is essential in this position. Think of examples where you've worked closely with cross-functional teams to drive cost efficiency or improve business planning processes. Highlight your ability to challenge inputs constructively.
