Cost Delivery Manager

Lancashire  ‐ Onsite
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Description

Role Title: Cost Delivery Manager

Contract Length: 6 months

Location: Manchester

Role Purpose:

To facilitate the day-to-day management of cost and the delivery of the IT 'Run' budget, including provision of financial support to functional leaders and budget holders, managing the division's relationship with Finance department, ensuring delivery of budget targets, managing the cost allocation process, and ensuring the impact of project delivery on the IT cost base is understood.

Dimensions:

  • Oversees the overall "Run" financial framework for IT. The 2018 Run budget for IT that this function is responsible for collating, tracking, challenging and reporting is £103m.
  • A broad and highly visible role that involves significant stakeholder management activities with the ITLT, senior managers, cost centre managers and with Finance.
  • Leading on initiatives that form the cost reduction plan with committed savings Embedded in the budget
  • Creation of new ideas and initiatives to take further cost out of IT&C.
  • Assurance of spend and deep dives into 3rd party costs and payment schedules to ensure the Bank is receiving all services it is paying for in the most cost effective way
  • Provides specialist guidance by analysing, interpreting and modelling complex financial data, utilising technical expertise to inform key policy decision makers.
  • Requires a broad understanding of the "Run" part of IT and its cost impact on the organisation.

Areas of Accountability:

  • Supports the development and management of annual "Run" budgets (currently £103m for 2018), liaising with Finance Business Partners, Cost Insight, appropriate functional leaders and cost centre managers.
  • Manages the day-to-day relationship with Finance department to ensure IT receives appropriate level of support and representation within central Finance.
  • Provide IT colleagues with day-to-day support in relation to management of the IT budget and guidance on the mechanisms used centrally to manage the IT finances.
  • Supports periodic reviews with all cost centre managers to ensure high level of focus and challenge on provision of value for money service.
  • Maintain relationship with Group/CFSMS in relation to payment of costs arising from remaining shared services eg GSS MSA.
  • Support tracking of budget risks and opportunities to ensure annual and 'stretch' targets are delivered, assisting in the delivery of budget re-forecasts as and when required.
  • Facilitate the review of the IT allocation model to ensure that mechanisms for 'charging' Bank profit centres are fair and accurate, supporting the delivery of an enhanced IT-to-business charging strategy.
  • Owns the IT Finance RCSA process, performing quarterly/annual reviews as appropriate and recommending changes/improvements as required.
  • Produce MI to support budget management and delivery of stretch targets, including contributions to the IT scorecard, Exec and Board reporting as required.

Decision Making Authority:

  • Spend approval authority up to £25k.

Dependencies & Key Relationships:

  • This is a highly visible role across IT. The role holder will need to develop and maintain effective relationships with the ITLT, senior managers and all cost centre managers across IT.
  • The role holder will also need to develop effective relationships with Finance such that appropriate Finance business partner support is provided to IT, but that ultimately IT owns and understands its own budgets.

Knowledge, Skills and Experience Required:

  • Broad understanding of the IT function.
  • Sound understanding of Bank Finance principles, the budget process, and how IT's finances are defined and operated.
  • Educated to minimum of degree level in a relevant discipline.
  • Detailed understanding of the organisation in relation to IT cost impacts on the profit centres.
  • Proven experience of supporting non-accounting managers in complex financial analysis and of implementing and enhancing financial control.
  • Excellent written and verbal communication skills.
  • Strong interpersonal and collaborative skills.
  • Critical thinker, able to analyse data and determine overall messages and trends to ensure IT manages against its operating plans and gets its messages across.
  • Proven experience of managing multiple stakeholders.
Start date
ASAP
Duration
6 months
From
Pontoon
Published at
17.08.2018
Project ID:
1616652
Contract type
Freelance
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