Senior Finance Manager - Insurance & Wealth Costs

Last updated an hour ago
Job Type:Full Time

End Date

Thursday 04 March 2021

Salary Range

£60,600 - £80,800

We support agile working – click here for more information on agile working options.

Agile Working Options

Other Agile Working Arrangements / Open to Discussion

Job Description Summary

As below

Job Description

At Lloyds Banking Group (LBG), we’re driven by a clear purpose - to help Britain prosper. Across the Group, our colleagues are passionate about making a difference to customers, businesses, and communities.

We support the Insurance and Wealth (I&W) business to craft the financial strategy & implement quality systems and processes to deliver strong returns on capital. We also maintain and improve financial controls to help us work cost effectively and efficiently across the business

What you'll be doing...

Join us in this insightful role where you'll oversee all Reporting, Month End and Control activities across the Insurance Costs Centre of Excellence including but not limited to:

  • The production of standard reporting, monthly management reporting (including Flash) and Management Information packs i.e., including but not limited to Flash, FTE reconciliations and reporting, month end reporting, standard cost reporting, quarterly reporting and scoping new management reporting
  • Experts in the cost ledger for I&W and accountability for executing a strong control framework in line with LBG standards
  • Operating an efficient month end process, aligned to deliver into I&W Divisional team
  • SMEs in the cost management reporting system (TM1), improving the quality of reporting, coordinating forecast submissions and
  • Ensure that all SLAs are tracked and met each month
  • Continuously evaluate/promote a culture of Process Improvement within the team

Team Management

  • Actively lead, develop, and empower colleagues to create a robust and engaged team to achieve objectives and deliver above expectations
  • Review and oversight of all team output and deliverables, and timely escalation to appropriate management for issue resolution
  • Develops a commercially minded team that can understand customer needs of the Insurance & Wealth Finance Commercial Business Partners and the wider Insurance & Wealth business they support
  • Role model the Lloyds values of Putting customers first, making a difference together and Keeping it simple

Stakeholder Management

  • Represent the GCM Planning & Analysis Team across all key partners, including but not limited to the I&W Divisional Finance, Costs CoE Reporting & Controls teams, I&W Commercial / Business Partner teams and Group Finance Support teams
  • Build and maintain regular contact and strong working relationships with key partners
  • Provide insightful information, guide, and advice to influence and aid partner decisions

What we're looking for...

Are you passionate about financial planning and analysis and looking to take your career to the next level? If yes, we value the following


  • Accountancy qualification (ACA, ACCA, CIMA or other)
  • Validated commercial experience with insurance costs and associated technical cost accounting policies, insurance cost systems & processes (at Finance Manager level)
  • Leadership experience of management reporting, planning / forecasting, and decision support
  • Systems and IT (understanding of using general ledger, strong data manipulation, experience of core trading systems)
  • Experience of continuous improvement and/or change projects


  • Other finance qualification(s) are desirable (i.e., CFA, IMC, ACT)
  • Strong Excel & PowerPoint skills

So, if you have the skills we’re seeking and you’re looking for your next step, we’d love to hear from you.

Together we make it possible

In return, you’ll learn new skills, technologies, and approaches to software development. As a multi-brand, multi-channel business, we have the scale and reach to give you a diverse range of opportunities to learn, grow and develop and to help you achieve a rewarding and fulfilling career!

You'll also receive a benefits package which includes:

  • A performance related award
  • Generous pension contribution
  • 30 days leave plus bank holidays
  • A flexible cash pot (4% of base salary) to spend on benefits

We’re committed to building a workforce which reflects the diversity of the customers and communities we serve. Join us and be part of an inclusive, values-based culture focused on making a difference.

So, if joining us at a critical and exciting time for our Cloud transformation appeals and this role sounds like it could be for you, click apply below!

We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.