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Finance Transformation Lead

  • Location: Wolverhampton
  • Salary: £85,000 - £110,000 per year
  • Job Type:Permanent

Posted 27 days ago

  • Sector: Finance & Audit
  • Contact: Gemma Cardew
  • Contact Email: gcardew@merje.com
  • Contact Phone: 0161 883 2816
  • Expiry Date: 05 October 2023
  • Job Ref: GC/10797

We are looking for a Finance Transformation Lead to work within the Finance team and in unison with the Transformation team in the development and implementation of the bank's transformation strategy; working closely with Finance and Business management to provide financial requirements, structure and controls, governance, guidance and support to the Modernisation programme in addition to playing a key role representing Finance interests in the delivery throughout the multi-year programme. 

This is a unique opportunity to immerse yourself in our modernisation campaign, playing a lead role in enabling us to achieve our vision of becoming the UKs leading specialist bank.

In this role you will have the opportunity to partner with the Chief Transformation Officer in the development and implementation of the bank's transformation strategy; working closely with Finance and Business management to provide financial guidance and support to the Modernisation programme in addition to playing a key role representing Finance interests in the delivery throughout the multi-year programme.

This role will be the connection point between Finance and the modernisation programme, overseeing the cost and benefit reporting as they develop and ensure accuracy in all reporting of financials relating to the programme.  In parallel they will develop a deep understanding of the projects through engagement with all the work-stream leads and will link up with Finance management and colleagues to anticipate requirements and resource the demand required for future project support.  This is a brand new role so you will have the scope to start fresh and bring your own ideas to the team. You will get to present to senior stakeholders and have visibility across the entire organisation.

Your responsibilities will include...

  • Work closely with the Transformation team; constantly consider how Modernisation will impact all Finance processes, systems and ways of working. Ensure these are considered by the programme and engage with the relevant Finance expert to involve them as needed to ensure high quality requirements are raised and new ways of working are thoroughly considered, tested and implemented. Pre-empt future demand on Finance and work with the Programme and Finance management to resource and support sufficiently.

  • Work with Finance colleagues to understand the financial plans and how modernisation will impact these over time. Influence the development of future plans to incorporate benefits of the programme and the future cost trajectory.

  • Collaborate with Finance and other teams to provide meaningful financial and operational metrics and reports to senior management.

  • Ensure the programme accounting complies with IFRS accounting standards through working with the Head of Accounting Policy and the Cost team.

  • Own the communication around Modernisation in Finance at all levels. This will range from ensuring the CFO and Deputy CFO are appraised of the status and any escalations before steering and board committees through to providing regular updates to all colleagues to sell the future and their part in the future along with improving the understanding of the entire function of the programme and its benefits.

  • Identify opportunities that arise through modernisation that can be deployed to increase efficiencies and processes in our existing infrastructure.

  • Lead as required financial analysis, guidance and insight to the programme to support decision making for the Transformation team and senior management. Take ownership of the quality of reporting that will leverage the broader Finance BAU teams. Act as a point of challenge on process design and ensure comfort with the programmes financial narrative and deliverables.

  • Support the development of business cases for the programme and lead on the finance and process initiatives, including evaluating costs and benefits, assessing risks and identifying potential savings or revenue opportunities.

Could you be the one?

We are looking for talented individuals who have the experience and knowledge set out below:

  • Previous experience within Finance in roles that involve close partnering with business or functional teams to support in delivery of financial results, cost efficiency or change projects is essential 

  • Previous experience of dealing with senior stakeholders is essential

  • Previous finance project delivery is essential.

  • Previous experience of the design and operation of Finance processes and controls is essential

  • Specialist  knowledge of the structure of a Bank is essential including the roles and responsibilities of business lines, COO, IT and Functions is essential

  • Exceptional communication and stakeholder management skills are essential

  • Advanced skills with respect to defining quality management reporting and the ability to mould output to the right level is essential. 

  • Strong collaboration skills are essential

  • Professional Finance Qualification is essential (ACA, ACCA, CIMA)

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