At a Glance
- Tasks: Analyse monthly costs and coordinate discussions with Directors to identify savings.
- Company: Join a dynamic team focused on finance transformation and efficiency improvements.
- Benefits: Comprehensive benefits package supporting professional and personal needs.
- Other info: Role involves managing a cost base of approximately £45m by 2026.
- Why this job: Be at the forefront of finance transformation initiatives using AI and automation.
- Qualifications: Experience in management accounts preparation and advanced Excel skills required.
The predicted salary is between 55000 - 65000 £ per year.
The Finance Business Partner – Costs and Finance Transformation is a key role partnering all areas of the business in preparing financial forecasts of operating costs, reporting on performance against set targets, challenging spend, and providing insightful financial analysis for the cost line owners of the business. The role will also support in the design and implementation of finance transformation initiatives, aligning with broader business goals to improve efficiency, agility, and value delivery across the function.
Key Responsibilities
- Ownership of monthly and forward-looking analysis of the growing cost base c. £45m in 2026.
- Ownership of the monthly and annual forecast process, which includes:
- Taking a lead in analysing the monthly cost base and coordinating cost review discussions with company Directors, supporting the Director with those discussions.
- Analysis of the cost base to identify and recommend potential savings for discussions.
- Liaising with business units on expected spend and challenging where necessary; escalating requests for spend where necessary to Director.
- Owning overall submission of the entire cost base into the forecast/budget, ensuring data integrity, robust version control, and single version of the truth.
- Undertaking performance and productivity reviews, including but not exclusive to:
- Costs of originating new products – liaise with Business Partner team to ensure costs are captured.
- Cost of investment in change expenditure – this includes business case appraisal, challenge and assessment of financial returns to ensure optimal value return on each investment.
- Fixed/variable cost analysis, including sensitivity analysis and scenario modelling.
- Finance Transformation
- Identify opportunities to streamline financial processes through automation, standardisation, and adoption of new technologies.
- Support the roll-out of Artificial Intelligence by exploring the capabilities of CoPilot, AI Agentic, and other AI solutions, and applying these to activities undertaken within the team.
- Support the drive to migrate onto a single data warehouse, with clearly defined single data sources, robust and logical data structures.
- Develop Power BI skills to such a level that enables building, configuring and adapting Power BI reporting functionality across Finance and Treasury.
- Participate in market research activities to explore alternative platforms and technologies available to Finance and Treasury banking teams and support the assessment and recommendation of such alternatives to the senior leadership team.
- Collaborate with Finance teams and senior stakeholders to support successful adoption of new systems and ways of working.
- Requirements
- Experience of management accounts preparation.
- Advanced Excel skills.
- Working towards or have an accounting qualification (ACA/ACCA/CIMA).
- Communicates in a constructive, friendly and positive manner that demonstrates respect.
- Collaborates across the organisation by communicating regularly and consistently to peers.
- A high level of determination, willingness and flexibility to deliver to a high standard against tight deadlines.
- Strong analytical skills.
- Be able to present financial data to a high standard in a clear and concise format.
- Attention to detail.
- A desire to learn and self-develop.
Benefits
We offer a comprehensive benefits package to support our employees’ professional and personal needs. Further details can be provided upon application.
Finance Business Partner - Costs and Finance Transformation employer: Vida Bank
This role is based in a forward-thinking organisation committed to finance transformation. Employees benefit from a comprehensive perks package and opportunities for professional development. The team values collaboration and innovation, particularly in adopting new technologies like AI.
