Assistant Finance Manager - IP&I Scottish Widows Workplace Savings

End Date
Sunday 07 August 2022

Salary Range
£29,712 - £37,140

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

Agile Working Options
Other Agile Working Arrangements / Open to Discussion

Job Description Summary
Please see full job description below

Job Description

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.

Insurance, Pensions and Investments Chief Operating Office (IP&ICOO) provides critical services to the Group's customers, supporting them with their Insurance and Wealth needs. We're responsible for delivering exceptional service to our Life, Pensions and Investments (LP&I), General Insurance (GI) and Wealth customers.

Scottish Widows Workplace Savings (SWWS) within IP&ICOO is made up of Corporate Savings and Pensions business. This builds on Scottish Widows' growth to date, providing opportunities to accelerate our strategy to become a market leading UK pensions and savings business. This proposition complements our current offering with new products and a modern, flexible workplace savings platform. SWWS is an end - to - end business based in Gloucester, servicing over 700, 000 members with around £21bn of assets under management (AUM).

An exciting opportunity has arisen to join our team as a Finance Manager!

Job Description

The role holder will require a broad range of finance skills and knowledge, and be able to work collaboratively across functional boundaries.

The key objectives of the role are:

• Have responsibility for a number of reporting processes and become a subject matter expert for other teams to refer to
• Produce timely and accurate financial reporting
• Deliver continuous improvements to processes
• Own engagement with and build a good working relationship with the key internal and external stakeholders, service providers and customers

Key knowledge/skills/experience

• Part qualified, passed finalist or qualified finance professional with a good track record of personal growth and achievement
• Good understanding, and experience of using Finance systems and processes
• Product/Specialist pensions knowledge
• Analytical skills
• Ability to form relationships and communicate
• Good organisational and prioritisation skills and ability to work successfully without constant supervision and management oversight
• Great team working ethos and understanding of LBG's vision and values

Key accountabilities

• Month end close and associated reporting
• Production of key monthly, quarterly and annual reports (statutory accounts and regulatory reporting)
• Operating and enhancing financial controls (including balance sheet reconciliations)
• Understanding of impact of operational processes on Finance (this could be Treasury / Financial Reporting / investment ops etc.)
• Journal skills & knowledge of double entry / accounting signage
• Knowledge / importance of operational controls to mitigate risk to downstream finance processes/reporting.
• Ability to complete platform cash reconciliations to ledger and clear unreconciled items promptly
• Understanding of accounting systems and Balance Sheet attestation governance
• Support and development of other team members
• Supporting the delivery of small scale projects and continuous improvements
• Supporting strategic change projects
• Undertaking ad hoc analysis
• Gain experience of all key aspects of the team
• Establish and build excellent working relationships and networks
• Acts as a deputy to the team manager, or may supervise the day to day activities of a small team
• Identifies shortcomings in existing processes, systems and procedures, uses established change management programmes to deliver prescribed outcomes and/or provide support services
• Provides input into the development of procedures for an area within the organization, then monitors the implementation of those procedures
• Provides advice on designing new processes and systems to achieve professional standards and desired outcomes
• Analyses specified problems and issues to find the best technical and/or professional solutions

In return for your hard work, we offer a competitive and award-winning benefits package with a flexible option that allows you to choose cash or pick from a wide range of benefits. These include a contributory pension scheme, private medical insurance and retail discount vouchers. You'll also enjoy all the support, training and opportunities you need for your personal and professional development.

We're an equal opportunity employer and deeply value diversity within our organisation.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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'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.