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- Tasks: Lead budgeting, forecasting, and performance analysis in a dynamic financial services environment.
- Company: Join a well-established UK lender with a focus on innovation and transformation.
- Benefits: Enjoy a competitive salary, bonus, pension, and additional benefits.
- Why this job: Shape financial strategies and make a real impact in technology investments.
- Qualifications: 5+ years in cost accounting and strong Excel skills required.
- Other info: Gain visibility and influence in a forward-looking financial services group.
The predicted salary is between 75000 - 85000 £ per year.
A well-established UK lender is looking for a Senior Cost Manager to take ownership of the cost agenda across both their on-premise IT estate and their cloud-native Transformation programme. It’s a role with real breadth covering budgeting, forecasting, performance reporting, and cost governance across a large and fast-evolving technology landscape.
This is a chance to step into a senior role that combines hands‑on financial ownership with strategic business partnering. You’ll lead the end‑to‑end cost process, from budgeting and forecasting through to cash accounting, capitalisation and depreciation. You’ll also be the key Finance voice within IT and Transformation, working closely with leadership to shape spend profiles, challenge plans, and tell a clear cost story that senior stakeholders can act on.
It’s not just about managing numbers – it’s about helping the business understand them. You’ll build driver‑based models, explain variances, identify cost‑saving opportunities, and make complex financial data accessible to both technical and non‑technical audiences. You’ll also play a central role in developing FinOps capabilities, simplifying models, and improving insight quality across the function.
Responsibilities- Owning budgeting, forecasting, reporting and performance analysis across IT or Transformation cost centres
- Managing project accounting and headcount, including capex, opex and cash reconciliation
- Partnering closely with IT and programme leaders to shape spend and challenge assumptions
- Building driver‑based models and analysing variances to explain risks and opportunities
- Leading on cloud cost control and supporting FinOps governance and optimisation
- 5+ years’ experience in cost or management accounting within financial services
- Proven background as a Finance Business Partner working with executive stakeholders
- Solid technical accounting knowledge (IFRS, IAS 16/38, capitalisation and amortisation principles)
- Strong Excel modelling skills, with experience using ERP, GL or forecasting tools (Anaplan a plus)
- Full accounting qualification (ACCA/CIMA/ACA or equivalent) and a hands‑on, detail‑driven mindset
This role gives you visibility, influence and the chance to shape how one of the UK’s most forward‑looking financial services groups manages its technology and transformation investment. If you’re looking for a position where finance truly partners with the business, this is it.
Seniority level: Mid‑Senior level
Employment type: Full‑time
Job function: Finance, Accounting/Auditing, and Management Banking and Financial Services
Senior Cost Manager – IT & Cloud (Financial Services) | £75k-£85k + 25% Bonus in England employer: Skillful
Contact Detail:
Skillful Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Manager – IT & Cloud (Financial Services) | £75k-£85k + 25% Bonus in England
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those in IT and transformation roles. A friendly chat can lead to insider info about job openings that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical accounting knowledge and Excel skills. Be ready to discuss how you've managed budgeting and forecasting in past roles, as this will show you're the right fit for the Senior Cost Manager position.
✨Tip Number 3
When you get an interview, don’t just talk numbers – tell a story! Explain how your financial insights have helped businesses make better decisions. This will demonstrate your ability to partner with leadership and shape spend profiles effectively.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Senior Cost Manager – IT & Cloud (Financial Services) | £75k-£85k + 25% Bonus in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Senior Cost Manager. Highlight your experience in cost management and financial ownership, especially in IT and cloud environments. We want to see how your skills align with the job description!
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 partnered with stakeholders and managed budgets in previous roles. Keep it engaging and relevant!
Showcase Your Technical Skills: Don’t forget to mention your technical accounting knowledge and Excel modelling skills. If you’ve worked with ERP or forecasting tools like Anaplan, let us know! We’re keen to see how you can bring these skills to our team.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you in front of the right people quickly. Don’t miss out on this opportunity!
How to prepare for a job interview at Skillful
✨Know Your Numbers
As a Senior Cost Manager, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've managed budgets and forecasts in previous roles. Be prepared to explain complex financial data in simple terms, as this will show your ability to communicate effectively with both technical and non-technical stakeholders.
✨Showcase Your Strategic Thinking
This role is all about strategic business partnering. Think of examples where you've influenced decision-making through financial insights. Prepare to discuss how you've shaped spend profiles and challenged assumptions in past projects. This will highlight your capability to not just manage numbers but also drive business outcomes.
✨Familiarise Yourself with FinOps
Since the role involves cloud cost control and FinOps governance, make sure you understand the principles behind these concepts. Research best practices in cloud cost management and be ready to share your thoughts on how to optimise costs in a cloud environment. This will show that you're proactive and knowledgeable about current trends in financial management.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare insightful questions about their IT and Transformation programmes, especially regarding their cost management strategies. This not only shows your interest in the role but also gives you a chance to assess if the company aligns with your career goals. Plus, it demonstrates your strategic mindset and engagement.
