Finance Manager

Milton Keynes, Buckinghamshire, United Kingdom, United Kingdom
Competitive salary
30 Aug 2021
28 Sep 2021
Approved employers
Approved employer
Job role
Finance manager
Experience level
Location - Milton Keynes or London

In a nutshell

Working as part of the Argos Financial Services (AFS) Commercial Finance Team, as the Finance Manager you'll act as the primary interface between Finance and product teams. You'll work closely with the product teams and offer a high degree of financial analysis and challenge, ensuring the preparation of reliable and timely financial plans to support business planning, pricing decisions, business cases and ad hoc papers.

You can be based from our Milton Keynes or London offices in addition to regular remote home-working. Occasional travel (up to 2 days a week) to your office location will be required weekly.

What you need to do
  • R epresenting Finance at the Product Management Committees, you'll be responsible for providing financial support and challenge on current and future business performance and plans. Working independently and using judgment and subject matter expertise you will work with the business to shape future business performance and product strategy. Responsibility will include month end P&L reviews, KPI analysis, income patterns, & new product development / investment appraisals.
  • Co-ordinate and process information from various sources to ensure the delivery of all aspects of the annual planning cycle and regular forecasting processes. In addition, drive the understanding of the ongoing risks and opportunities in the product and how this impacts on the full year out turn projections. Work across all stakeholders to understand and minimise ambiguity in future product performance. Use judgment and expertise to set challenging yet achievable budgets and forecasts within the context of wider AFS strategy.
  • Challenge assumptions through analysis of trends and other MI available to deliver realistic, challenging and balanced forecasts and budgets. Review outputs for accuracy.
  • Develop models and best practice to assist the business in measuring impact of changes to the budgeted balance sheet and P&L positions. Working with other finance teams, update and reforecast changes to products as a result of margin, commission or cost changes to support the forecasting and planning processes.
  • Undertake analysis in tandem with relevant product, finance and other colleagues to support, where relevant, the production of the Individual Liquidity Adequacy Assessment (ILAA) and Individual Capital Adequacy Assessment Process (ICAAP) in terms of analysing the financial impact of stress scenarios and supplying commentary for inclusion in the PRA submitted documentation and to support SLRP or SREP review meetings. Provide expertise in formulating the business response to multiple scenarios.
  • Using output from existing models (and developing new models) provide product managers with financial information to assist in strategic or pricing decisions and any business cases. Review and provide challenge to these business cases/pricing decisions ensuring delivery of financial results set out within the Banks wider strategy.
  • Work with other parts of Finance and Treasury, where applicable, to ensure capital and liquidity plan forecast model updated to reflect actuals and highlight impact of any significant movements
  • Act as primary point of contact within finance for your product area. You will be responsible for ensuring that business developments are shared with appropriate finance colleagues and are financially robust.

What you need to know and show
  • You must be a qualified Accountant of 3+ years experience with practical experience of financial reporting and management accounting or have strong financial modelling qualifications and commercial experience. A prior knowledge of financial services would be advantageous
  • Well organised and able to prioritise workload in line with tight deadlines and work effectively under pressure
  • Highly numerate, with excellent analytical and problem-solving skills and attention to detail (including excel knowledge).
  • Excellent team player demonstrating strong relationship management skills with an ability to work closely with others to deliver results
  • Excellent written communication (business and project reports) and an ability to communicate effectively across all levels of the organisation, e.g. able to translate complex / technical issues to meet the audience's competency level

Our benefits

In addition to the all-important competitive salary, pension & bonus offering, we totally get that life outside work is important to us all. So we want to shout out some of our other great benefits...
  • We offer flexible working to help you achieve a good work/life balance.
  • Opportunity to buy extra holidays is on the table.
  • Discounts on your weekly shop, buying a laptop or sofa? We've got it covered through your Sainsbury's, Argos and Habitat store discount card.
  • Cycle to work scheme and great coffee and cake!

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 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.

Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.

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! We'd also be happy to discuss more flexible working options such as job shares and part time working.

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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