Our client is looking for a Decision Support Cost Manager to act as the primary interface between Finance and cost centre owners within their business. You’ll provide support and challenge, ensuring the preparation of reliable and timely financial plans to support business planning, driving cost saving initiatives or efficiency proposals and providing financial analysis for business cases and ad hoc papers. This role is a 6-month Fixed Term Contract.
What you’ll be doing:
· Representing Finance at the cost centre meetings, responsible for providing financial support and challenge on current and future business performance and plans.
· Month end P&L reviews, KPI analysis, cost patterns, new product development / investment appraisals and preparation of relevant papers.
· Ensuring the delivery of all aspects of the annual planning cycle and regular forecasting processes.
· Driving the understanding of the ongoing risks and opportunities in products and how these impact on the full year out turn projections.
· Working across all stakeholders to understand and minimise ambiguity in future product performance.
· Setting challenging yet achievable budgets and forecasts.
· Developing models and best practice to assist the business in measuring impact of changes to the budgeted balance sheet and P&L positions.
· Working with other Finance teams, update and reforecast changes to produce a monthly desktop forecast.
· Supporting, where relevant, the production of the Individual Liquidity Adequacy Assessment (ILAA) and Individual Capital Adequacy Assessment Process (ICAAP) in terms of analysing the financial impact of stress scenarios and supplying commentary for inclusion in the PRA submitted documentation and to support review meetings.
· Acting as the primary point of contact within Finance for your cost areas.
· You’ll be responsible for ensuring that business developments are shared with appropriate Finance colleagues and are financially robust.
· Lead, manage and coach across wider team.
What skills you’ll need:
· You must be an experienced qualified Accountant with practical experience of financial reporting and management accounting or have strong financial modelling qualifications and commercial experience.
· Be able to prioritise workload in line with tight deadlines and work effectively under pressure.
· Excellent analytical and problem-solving skills (including Excel knowledge).
· Strong relationship management skills.
· You’ll have a customer-focused outlook.
· Excellent written communication, for business and project reports, as well as the ability to communicate effectively across all levels of the organisation and to translate complex technical issues to meet the audience's competency level.