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Group Costs Manager - Planning & Analysis, Insurance Pensions & Investments (12 Month FTC)

Lloyds Banking Group
Bristol, United Kingdom
Closing date
2 Mar 2024

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Job Details

End Date
Friday 01 March 2024

Salary Range
£61,641 - £68,490

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

Agile Working Options
Job Share, Other Agile Working Arrangements / Open to Discussion

Job Description Summary
This is a 12 month fixed term contract opportunity.

Job Description

JOB TITLE:Group Costs Manager - Planning & Analysis, Insurance Pensions & Investments
SALARY:£61,641 - £68,490

LOCATION(S): Bristol or Edinburgh

HOURS:Full time

WORKING PATTERN:Hybrid, 40% (or two days a week) in either our Bristol or Edinburgh office

About this opportunity:

We're part of the Group Cost & Investment division and have an exciting opportunity for a motivated accounting professional to join the IP&I (Insurance Pensions & Investment) P&A Cost team. The IP&I team is a dynamic, collaborative and hard-working team with responsibility across the following broad categories:
  • Costs reporting including direct and indirect costs as well as the onward cost allocations to Products and Legal Entities
  • Cost forecasting for direct costs and overall cost base, including interaction with senior stakeholders within the Insurance Division, and Group team
  • The annual basis review, including modelling of unit cost assumptions for Insurance propositions

You'll have exposure to multiple areas of the Insurance Pensions and Investments business, and also the wider Banking Group. This provides an excellent opportunity to grow with purpose, and a chance to make a real difference to the way Finance operates. If you enjoy working in a fast paced environment, interacting with a wide range of senior colleagues, want to improve your business understanding and have a desire to continually improve and innovate in a collaborative fashion, you'll be well suited to the role.

Working in the Group Cost & Investment team provides a fantastic opportunity to develop an understanding of the overall Divisional P&L, how this business operates and what influences the financial results, as well as gain exposure across the wider organisation. You'll primarily be focussing on end-to-end cost management for the Insurance Division (direct and indirect costs) including supporting our Insurance Proposition cost allocation process, supporting Business Partners, Chief Operating Office and the wider FP&A team to deliver monthly reporting and forecasting cycles.

This is an extremely high profile opportunity with regular business partners and other stakeholders interactions within the Insurance Pensions and Investments division.

About us:

If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.

What you'll need:
  • Finance professional (actuary or accountant) with a track record of personal growth and achievement;
  • Fantastic stakeholder management skills, with the ability to build and maintain a cross functional network
  • Curiosity and enthusiasm to understand, challenge, influence and agree actions in relation to business financial performance;
  • Good team working ethos and ability to motivate those around you;
  • Ability to inspire continuous improvement in our systems and processes;
  • Understanding of PAX (TM1) an advantage but not essential;
  • Understanding of, and agreement to, LBG's vision and values

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

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.

And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So, if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

A generous pension contribution of up to 15%

An annual bonus award, subject to Group performance

Share schemes including free shares

Benefits you can adapt to your lifestyle, such as discounted shopping

30 days’ holiday, with bank holidays on top

A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that’s interesting and makes a difference to millions of people?Join our journey.

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 keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

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.


We’re creating an organisation that attracts, retains and develops the best talent in the industry, and one that openly embraces diversity too. But more than that – we want to be a great place to work. We invest in our people, offering the best training and coaching, and by encouraging them to contribute to our leading corporate and social responsibility practices. We offer flexible working hours and days, under our Work Options scheme. This means that you can have a challenging and rewarding career, and still have an ideal work/life balance.

Flexible working is at the heart of our strategy. We’re re-imagining where, when, and how our people work, with new approaches designed to meet the ever-changing needs of customers and colleagues. These include increasing our use of remote-working tools and technology, as well as placing less reliance on a 9-to-5 mindset. For many of our office-based colleagues, we work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites.

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