Job Title

JOB TITLE: Head of Group Cost InsightsScroll down to find an indepth overview of this job, and what is expected of candidates Make an application by clicking on the Apply button.SALARY: 114,810 - 135,070LOCATION(S): Edinburgh, Bristol and LondonHOURS: Full TimeWORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.About this opportunityAn exciting opportunity has arisen as the Head of Cost Insights reporting to the Group Financial Planning and Analysis Finance Director. Youll work across Lloyds Banking Group, providing vital scrutiny and challenge across our 9bn cost base and contributing to the Groups ability to deliver our target cost shape.This role is responsible for the leadership of a team of c.10 finance professionals, delivering analysis and insight to optimise costs, shape operating models, influence key partners and contribute to broader strategic plans and business decision making.As the Head of Cost Insights, youll have a strong sense of purpose, the diplomatic skills to influence senior people and the relationship skills needed to quickly build rapport to have meaningful conversations.Collaborating with COO and Finance teams, youll find ways to improve efficiency, drive value and deliver cost savings. Leading on cost category insights and governance into Group Cost Management Committee, youll provide insights and identify new cost opportunities as they emerge.Day to day youll be:Leading the Group Cost Insights team to provide cost leadership, challenge and insight developmentCost Category Lead for several key areas including Professional Services, Negative Income and OperationsUtilising your deep understanding of costs to identify saving opportunities, based on data and analysis and other tools e.g. benchmarking, best practice case studiesWorking with partners across the Group to progress cost saving, or unit cost efficiency ideasDeveloping and supporting delivery of the Group cost strategy, working closely with Group Strategy, Group Cost & Investment, Group Cost & Conduct, as well as Business Unit Finance and COO teamsLeading key Group-wide cost related programmes e.g. indirect costsManaging relationships with strategic internal customers, collaborating to deliver business valueMaking authoritative technical and/or professional recommendations that have significant short-term and long-term impacts on the businessTaking ownership for crafting and delivering change management plans and achieving outcomes that support the organisation's overall strategyProviding integrated long-term solutions and strategies for a significant area of responsibility, e.g. a function to support the execution of business strategyBuild and maintain a high performing team to ensure colleagues are led and developed effectively, utilising the Groups Your Best principlesPart of the Financial Planning & Analysis Leadership Team, contributing to establishing a clear common purpose across the team of c.50 colleaguesAbout usWere on an exciting journey to transform our Group and the way were shaping finance for good. Were focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.What youll need:Strong financial and commercial mindset, with experience of identifying and progressing cost saving initiatives.Extensive cost management experience and associated cost subject matter expertise.Outstanding interpersonal skills, with a proven track record of presenting to and engaging with senior audiences at Group ExCo level in a clear, concise way.Strong stakeholder management and influencing abilities, adept at managing relationships in a matrix-led environmentStrong technical, data analytical skills with clear ability to disseminate complex information into digestible and easy to understand reporting for multiple audiences.Excellent leadership capabilities, able to motivate, drive delivery and empower teams to deliver in line with our cultural values.Collaborator who can initiate and lead conversations to understand and challenge and thus advise on emerging issues and opportunitiesBuilding strong working relationships across diverse partners, senior stakeholder management with a collaborative approach to delivery, but retaining willingness and ability to challengeBreadth of knowledge across the relevant businesses of Lloyds Banking Group and wider Financial Services industry, including understanding economic, regulatory and social trendsAnd any experience of these would be really usefulDemonstrate resilience, adaptability, and openness to innovate and test new ideas.Effective at managing trade-offs and conflicting objectives within the broader Group strategy.Role models a desire to develop skills and experience, creating space to learn and collaborate.Qualified Accounting/Finance professional with proven track record in financial analysis, demonstrating a strong understanding of commercial business driversAbout working for usOur ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and were committed to creating an environment in which everyone can thrive, learn and develop.We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.We also offer a wide-ranging benefits package, which includes:A generous pension contribution of up to 15%An annual performance-related bonusShare schemes including free sharesBenefits you can adapt to your lifestyle, such as discounted shopping30 days holiday, with bank holidays on topA range of wellbeing initiatives and generous parental leave policiesIf youre excited by the thought of becoming part of our team, get in touch! Wed love to hear from you!#J-18808-Ljbffr