Senior Cost Manager (IT & Transformation) at OneSavings Bank PLC

Wolverhampton, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

25 Apr, 26

Salary

85000.0

Posted On

25 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Qualified Accountant, Cost Accounting, Management Accounting, Financial Services, IT Cost Domain Knowledge, Project Accounting, Financial Modelling, ERP, General Ledger, Forecasting Tools, Financial Control Hygiene, Analysis Skills, Communication Skills

Industry

Financial Services

Description

About the team We are recruiting a Senior Cost Manager to own the end to end cost agenda, including maintaining a concise ‘cost narrative’ for core IT and the cloud native Transformation programme. This is a new role reporting into the Head of Cost, Reporting and Lending and will also work alongside a small team of Cost Business Partners. The role can be based from Wolverhampton or Chatham. What you will be doing? As Senior Cost Business Manager you will be the senior Finance representative into the IT and Transformation leadership teams, you’ll challenge plans, shape spend profiles and tell a clear, evidence-based cost narrative that non-finance and technical stakeholders can act on. Your responsibilities will include… Lead cash accounting, capitalisation, depreciation/amortisation and the accuracy of the total cost of ownership across Transformation and Group Technology; partner closely with Group Financial Control Lead the annual budget and a rolling forecast processes; build driver-based models (and identify risks and cost saving opportunities early Implement cloud cost governance and support optimisation Produce and present monthly actuals vs budget/forecast with clear root-cause variance analysis corrective actions and decision requests. Prepare materials suitable for SLT, Programme SteerCo and Group ExCo Maintain a concise “cost narrative” that explains how the cost base is composed and how it’s evolving Simplify the cost model, shorten close/reporting timelines, automate reconciliations, and raise insight quality analysis What's in it for you? Base salary from £72,000 - £85,000 dependant upon experience Enhanced family-focused benefits Annual bonus opportunity up to 25% 30 days annual leave + bank holidays Please use this link to see the fantastic benefits available at OSB: https://www.osb.co.uk/careers/overview About us At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’. Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace. Do you have the skills? We are looking for talented individuals who have the experience and knowledge set out below: Fully qualified accountant with experience working and influencing Executive stakeholders Track record in cost and/or management accounting within Financial Services, with proven ownership of complex technology cost centres and/or major programmes Hands-on IT cost domain knowledge (infrastructure, software, services, projects; cloud) Demonstrable project accounting experience (capex/opex/cash) Advanced financial modelling in Excel including Power Query; experience with ERP/General ledger and forecasting tools to build clean, auditable driver-based models from raw data and provide insights and recommendations Experience and knowledge of good financial control hygiene (reconciliations, documentation, segregation of duties) Strong analysis and clear communication skills in order to confidently present information and data in a digestible way Next steps If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply. Still on the fence? Hear from our team or explore our process: OSB Careers Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you! Diversity, Equity & Inclusion Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally. We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.

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Responsibilities

The Senior Cost Manager will lead cash accounting, capitalisation, and the accuracy of total cost ownership across Transformation and Group Technology. They will also produce and present monthly actuals versus budget/forecast with variance analysis and corrective actions.