Financial Planning and Analysis Manager (200845)

  • Location: Gloucester
  • Duration: Permanent
  • Working hours: 35 hours per week, Monday to Friday
  • Application end date: 14/10/22

About the role:

We are looking for a Group Financial Planning and Analysis Manager to join our team. This is a key role in the Group’s monthly executive board reporting and annual planning cycle and a great opportunity for a self-starter to shape the planning and analysis function within a diverse financial services group. The role would involve supporting the wider business in the planning process and assisting with rating agency and capital management.

Key accountabilities:

Develop and manage Group planning, budgeting and forecasting process
  • Co-ordinate the annual planning process, contribute to setting and communicating top-down objectives and targets, building relationships with strategic business units (SBUs) and challenging them to help deliver plans that support delivery of the Group’s return on capital requirements
  • Working collaboratively with the group strategy team to develop committee and board presentations
  • Develop and implement a regular in-year forecasting process
  • Manage and develop the planning, budgeting and forecasting process, including a more consistent driver based planning approach across the Group, capturing and validating key assumptions and quantifying sensitivities
Expense management
  • Monthly Group expense and employee (FTE) reporting vs budget and forecast
  • Work with SBUs and Group Functions to ensure variances are surfaced, explained and have action plans to address where required
  • Develop a partnering model with Group functions, working with and challenging these functions to spend optimally and within budget
  • Simplify and expand expense allocations process to ensure external reporting and internal performance management information demands are satisfied simply and clearly
  • Develop and manage transfer pricing policy and process to ensure compliance with current UK and EU requirements
Performance reporting
  • Manage and develop the monthly Group performance reporting cycle, engaging with SBU finance leaders to deliver timely value adding performance data and meaningful commentary
  • Deliver monthly performance reports, analysis and commentary to the Group Management Board (GMB), ensure budget variances are explained and understood, highlight key issues and develop actions with SBUs and GMB as required to deliver the Group plan
  • Review and broaden the monthly reporting pack with input from relevant subject matter experts to cover a full suite of performance metrics, focussing on drivers of performance, and impact on future outlook of the group
  • Rationalise and improve the reporting process to produce the right level of management information to the GMB earlier in the month, building analytic capability with the aim of migrating to a more self-serve model
Rating agency relationship
  • Manage annual ratings cycle and relationships with rating agencies (Currently S&P and AM Best)
  • Produce regular information and reporting packs to support regular meetings with rating agencies, co-ordinate information and narrative to present the Group in the most effective way
  • Develop modelling capability to optimise the Group’s rating position and support decision making
  • Work closely with Actuarial department and senior finance management with the aim of optimising our ratings position and to support sound financial decision making by reference to capital and ratings constraint and ultimately to ensure best use of capital

Key performance indicators:

  • Successful delivery of board approved annual plan
  • Closely controlled management of expense base with clear and concise commentary on variations to budget
  • Timely delivery of a monthly performance report covering key performance indicators and insightful commentary
  • Efficient and effective management of relationship with rating agencies

Knowledge, skills and experience:

  • Qualified accountant with experience in managing planning and budgeting process
  • Commercial acumen overlaid on a strong technical base
  • Self-starter and able to pro-actively influence senior stakeholders toward financially sound decisions
  • Skilled at stakeholder management, internal and external within a commercial environment
  • Proven ability to build strong relationships whilst maintaining objectivity, challenge and influence
  • Excellent communicator with ability to converse across various specialisms at all levels
  • Skilled modeller, whilst having the ability to distil into pragmatic recommendations
  • Able to operate on a wide variety of fronts from monthly reporting cycles to complex long term projects
  • Experience using and implementing budgeting and planning / reporting systems would be an advantage
  • Experience of managing process change

What we offer:

  • A competitive salary
  • Flexible working
  • Competitive Group Personal Pension
  • Annual Bonus scheme up to 30% 
  • 28 days annual leave plus bank holidays
  • A holiday buy and sell scheme
  • An array of health and wellbeing benefits
  • Company support for those studying for financial services qualifications