Finance Manager - Credit Cards

Edinburgh, City of Edinburgh, United Kingdom, United Kingdom
Competitive salary
06 Sep 2021
03 Oct 2021
Approved employers
Approved employer
Job role
Finance manager
Experience level
Location - Edinburgh

In a nutshell

As the Finance Manager, you'll act as the primary interface between Finance, Product and Credit Risk teams. You'll provide support to the product teams and 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.

What you need to do
  • You'll represent Finance at the Product Management Committees for relevant Product areas, will be responsible for providing financial support and challenge on current and future business performance and plants. Responsibility will include month end P&L reviews, NPV preparation and analysis, KPI analysis, income patterns, new product development / investment appraisals and preparation of relevant PMC papers.
  • 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 the full gear out turn projections. Work across all stakeholders to understand and minimise ambiguity in future product performance. Use judgment and expertise to set challenging get achievable budgets and forecasts within the context of wider Bank strategy.
  • Challenge assumptions through analysis of trends and other MI available combine with judgment and product expertise to deliver realistic, challenging, and balanced forecasts and budgets.
  • 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 because of margin, commission, or cost changes to support the forecasting and planning processes.
  • Regulatory Forecasting
  • 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.
  • Model Development - initially the role will focus on completing a re-build of the Cards models to be more data driven; less Excel driven. Once the models are rebuilt the focus will move back to Business Partnering while ensuring that the models evolve to meet Business needs, as and when required.
  • Act as the primary point of contact within Finance for your product area. You'll be responsible for ensuring that the business developments are shared with appropriate finance colleagues and are financially robust.

What you need to know and show
  • 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 Cards would be advantageous.
  • Previous experience of model development and strong PC skills e.g., SAS, Python, Power BI, Power Query, as an initial key deliverable for the role holder will be to deliver the rebuild of the Cards models.
  • Well organised and able to prioritise workload in line with tight deadlines and work effectively under pressure.
  • Customer focused and an excellent team player, you'll be able to demonstrate strong relationship management skills with an ability to work closely with others to deliver results.
  • Excellent written communication and an ability to communication 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.

It's important that our colleagues reflect the diversity of the communities we serve. Our inclusive recruitment policy means we're committed to training and developing all our colleagues, treating everyone fairly and equally when they come and work with us.

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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