Commercial Finance Analyst

Edinburgh, City of Edinburgh, United Kingdom
Competitive salary
03 Mar 2021
11 Mar 2021
Approved employers
Approved employer
Experience level
Part qualified
In a nutshell

Our Finance team are looking for a Commercial Analyst to provide the analysis and financial information required to support the product teams. You'll ensure the preparation of reliable and timely financial plans to support business planning, decision making and providing financial analysis for business cases and ad hoc papers.

What you'll be doing
  • Assisting in providing financial support and challenge on current and future business areas, including appropriate ledger forensic analysis to ensure accuracy of financial information, completing month end P&L reviews, preparation of regular NPV data and updating of Management Committee papers for the relevant Product areas.
  • Supporting the co-ordination and driving forward of the budgeting and forecast process for designated products, with a view to understanding key issues and opportunities, through analysis of trends and other MI available, to deliver realistic and balanced outputs.
  • Completing all financial modelling required and populate templates within agreed timescales aiding the challenge of product and business assumptions.
  • Assisting in communication of risks and opportunities to full year out turn projections.
  • Maintaining models to assist the business in measuring impact of changes to the budgeted balance sheet and P&L positions.
  • Working with other team members to develop commercial insight to enhance robust scenario modelling and accurately prepare/present scenario output (profit and loss and balance sheet where applicable). This will aid the decision-making process e.g. pricing and income levels.
  • Assisting in stress testing of designated products to ascertain capital impact for production of Internal Capital Adequacy Assessment Process (ICAAP) and Individual Liquidity Adequacy Assessment (ILAA).
  • Maintaining existing models and developing new models to provide Finance Managers with financial information, to assist in strategic or pricing decisions and any business cases.

What skills you'll need
  • You must be a part-qualified or newly-qualified Accountant.
  • Good communication skills with the ability to present to both financial and non-financial stakeholders.
  • Excellent MS Excel skill.
  • Well-organised and able to prioritise workload in line with tight deadlines and work effectively under pressure.
  • Excellent analytical and problem-solving skills and attention to detail.
  • Be a customer-focussed team player with ability to work closely with others to deliver results quickly.

Our benefits

In addition to a competitive salary, pension & bonus offering, we understand that life outside work is important to us all. So, some of our other great benefits include...
  • We offer flexible working to help you achieve a good work/life balance.
  • Opportunity to buy extra holidays.
  • Discounts on your weekly shop, buying a laptop or sofa? We've got it covered through your Sainsburys, Argos and Habitat store discount card.
  • We will support you in developing your skills to build the career you want through a ccess to personal development tools.

A little about us & our culture

We're proud of our heritage as the UK's first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore we need innovators to join us and drive the next phase of our evolution.

We're a friendly bunch who collectively share a passion to make our customers' financial lives easier. As part of the wider Sainsbury's Argos 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.

Everyone is welcome at the Sainsbury's Group, and 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. If you're interested in applying and are excited about working with us but are unsure if you have the right skills and experience - we'd still love to hear from you! Apply today and we'll be in touch (we're also happy to discuss flexible working options (including part time)).

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

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