Financial Planning & Capital Analyst

at  Newbury Building Society

Location: Head office, Newbury
Hours: Monday - Friday, 9.00am - 5.00pm
Starting salary: £37,000
Target salary: £46,000
Interview date: 1st interviews starting from 13 June 2024 and 2nd interviews to be confirmed
(Feedback will be provided regardless of outcome. We reserve the right to close this vacancy at any point).

EVERY EMPLOYER IS NOT THE SAME AND WHO YOU WORK FOR AND WHAT THAT ENVIRONMENT LOOKS LIKE IS THE DIFFERENCE BETWEEN ANY JOB AND A GREAT JOB.

Working for the Newbury Building Society, we are committed to ensuring that we have a first-class Finance team and are recruiting for a Financial Planning & Capital Analyst. The role is new to the business, and we are looking for a highly numerate individual who has strong modelling skills and wants to forge a career within a strategic financial planning and analytical role.

KEY SKILLS & EXPERIENCES:

• Academic background in Mathematics or Economics or similar highly numerate subject, you will have the ability to highlight areas for improvement and a passion for the interrogation of financial information.
• Proven practical background in an analytical role within the financial sector, or similar.
• Excellent written and verbal communication skills with proven ability to build relationships and manage stakeholders up to Board level.
• Advanced Excel skills
• It would be advantageous (but not essential) if you were working toward (or obtained) a professional finance qualification and had some knowledge of capital planning.

The purpose of the role is to support the Head of Treasury with production of the Society Corporate Plan and quarterly reforecasts, and development of forecast scenarios, and to complete stress testing for inclusion within the ILAAP and ICAAP. The role will include ownership and development of the Society’s forecasting model and involve engaging with stakeholders across the business to share insights and support business decision making.

Responsibilities include:

• Corporate Plan and Reforecasting: Completing monthly forecast actualisation and quarterly corporate plan reforecasts, maintain and developing the models used for planning and forecasting.
• Scenario Forecasting: Support in development of a suite of forecast scenarios, producing insight and analysis presented to the Assets and Liabilities Committee.
• Stress Testing: Own and develop the Society stress testing models, developing a suite of ad hoc stress scenarios, using analysis from Corporate Plan, the ICAAP, and the ILAAP, and provide detailed insight and analysis on learnings.
• Treasury Support: Provide wider ad hoc support to the Head of Treasury, as appropriate, developing understanding of core Treasury activities to be able to act as cover for absence, when required.