Commercial Finance Manager - Costs (5 Month Ftc)

Job Description
What you need to do
• Support & Challenge - representing Finance at the cost centre meetings for the relevant areas, will be responsible for providing financial support and challenge on current and future business performance and plans. Working independently and using judgment and subject matter expertise will work with the business to shape future business performance and strategy. Responsibility will include month end P&L reviews, KPI analysis, cost patterns, new product development / investment appraisals and preparation of relevant papers.
• Planning - Co-ordinate and process information from various sources to ensure the delivery of all aspects of the annual planning cycle and regular forecasting processes. In addition drive the understanding of the ongoing risks and opportunities in the product and how this impacts on the full year out turn projections. Work across all stakeholders to understand and minimise ambiguity in future product performance. Use judgment and expertise to set challenging yet achievable budgets and forecasts within the context of wider Bank strategy
• Challenge assumptions - through analysis of trends and other MI available combine with judgment and product expertise to deliver realistic, challenging and balanced forecasts and budgets. Review outputs for accuracy.
• Scenario planning / desktop forecasts - develop 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 to support the forecasting and planning processes.
• Regulatory Forecasting - Under take analysis in tandem with relevant product, finance and other colleagues to support, 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 SLRP or SREP review meetings. Provide expertise in formulating the business response to multiple scenarios.
• Financial Analysis/Commercial Support - Using output from existing models and developing new models provide cost centre managers with financial information to assist in strategic decision and any business cases. Review and provide challenge to these business cases/decisions. Review and provide challenge to these business cases/decisions ensuring delivery of financial results set out within the Banks wider strategy.
• Ad Hoc - provide ad hoc support across the Finance team as required.
• Relationship Management - act as primary point of contact within finance for your cost areas. You will 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 you need to know and show
• A qualified Accountant with practical experience of financial reporting and management accounting or have strong financial modelling qualifications and commercial experience. A prior knowledge of financial services would be advantageous
• Well organised and able to prioritise workload in line with tight deadlines and work effectively under pressure
• Highly numerate, with excellent analytical and problem solving skills and attention to detail (including excel knowledge).
• Excellent team player demonstrating strong relationship management skills with an ability to work closely with others to deliver results
• Customer focused
• Proven track record of working on own initiative, demonstrating an ability to think and reason logically with the ability to introduce fresh thinking to the role and the wider team.
• Communication: excellent written communication (business and project reports) and an ability to communicate effectively across all levels of the organisation , e.g. able to translate complex / technical issues to meet the audience's competency level
Responsibilities
We'd all like amazing work to do, and real work-life balance. That's waiting for you at Sainsbury's Bank. "Bank by name, Sainsbury's by nature" is the promise line we stand firmly behind, making sure we follow through on this by always offering value, making it easy and being an ally for our customers. We're proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve. Because we know it's by working together, and by bringing new, diverse ideas that creates the best experience for our customers and colleagues. As part of the wider Sainsbury's Group, being one of the UK's most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.
Qualifications
We are committed to being a truly inclusive retailer, so you'll be welcomed whoever you are and wherever you work. Around here, there's always the chance to try something new - whether that's as part of an evolving team or somewhere else across the business - and we take development seriously and promise to support you. We also recognise and celebrate colleagues when they go the extra mile and, where possible, offer flexible working. When you join our team, we'll also offer you an amazing range of benefits. Here are some of them:
Starting off with colleague discount, you'll be able to get 10% off at Sainsbury's, Argos, TU and Habitat after 4 weeks. This increases to 15% off at Sainsbury's every Friday and Saturday and 15% off at Argos every pay day. We've also got you covered for your future with our pensions scheme and life cover. You'll also be able to share in our success as you may be eligible for a performance-related bonus of up to 30% of salary, depending on how we perform.
Your wellbeing is important to us too. You'll receive an annual holiday allowance, and you can buy additional holiday. We also offer other benefits that will help your money go further such as season ticket loans, interest free car loan of up to £10k, cycle to work scheme, health cash plans, pay advance (where you can access some of your pay before pay day) as well access to a great range of discounts from hundreds of other retailers. And if you ever need it there is also an Employee Assistance Programme, you will also be eligible for private healthcare too.
Moments that matter are as important to us as they are to you which is why we give up to 26 weeks' pay for maternity or adoption leave and up to 4 weeks' pay for paternity leave.
Please see www.sainsburys.jobs for a range of our benefits (note, length of service and eligibility criteria may apply).