Head of Finance, Impairment

Job title:

Head of Finance, Impairment

Company

Lloyds Banking Group

Job description

End Date Wednesday 31 July 2024Salary Range £130,671 – £153,730Flexible Working Options Flexible / Variable Hours, Job Share, Other Agile Working Arrangements / Open to DiscussionJob Description Summary A fantastic opportunity to join the Group Impairment Finance team (Part of Central Finance) and play an influential role responsible for analysis, insight and explanation, incorporating internal and external reporting and forecasting exercises as the head of FP&A activity within the team, reporting into the Group Impairment Finance Director.Job DescriptionWithin Central Finance, the Impairment team is a Finance centre of excellence, with around 30 colleagues. We work closely with Credit Risk and business partners covering all aspects of Impairment and Expected Credit Losses for the group. This includes modelling, analysis and insight, planning, business partnering and reporting – internally and in external disclosures and messaging.The profile of Impairment and its impact on the Group increased significantly over the last few years and while the economic outlook is improving, the impact of COVID and Cost Of Living pressures on our customers and through to impairment remains of high priority. We therefore expect this will continue to be a very exciting time for us!The Head of Impairment FP&A role covers internal and external reporting, analysis and forecasting. Ledger activity, financial controls and partnering activity are covered by the wider team. The FP&A team is therefore typical of the Group’s approach to a thin business partnering model as it provides support to the two divisional business partners in the team – but also works closely with other Finance teams.The role would therefore be a great fit for an analytical Finance leader who has capabilities across both numerical analysis, bringing insight and clarity from complex and detailed analysis. Leading a team through clear direction and strong influencing capabilities. The role is a fantastic opportunity to develop a deep understanding of a key part of the Group’s financial performance and work with a broad range of teams across the group.Key responsibilities of the role

• Impairment P&L and balance sheet inputs into the respective actuals and forecasting Finance processes. Requiring a deep and technical understanding of the accounting, customer and operational drivers of the charge.
• Producing insight and analysis to understand and explain to others the drivers and implications for impairment and provisioning. These include customer behaviour, economics, Group policy and regulatory and government actions.
• Leading as a subject matter expert on Impairment provisioning, supporting Retail and Commercial partners in the wider team to provide a great service to the business and finance teams we support.
• Helping the team be a fantastic place to work – where colleagues feel motivated, developed and recognised.

What are we looking for?

• Proven analytical strengths in dealing with complex, technical or statistical financial work – an impairment background is not crucial, but the capability and desire to learn certainly are.
• Excellent judgement in terms of understanding the relevant issues and make the right decision. Translating complex and technical concepts into a clear message.
• Ability to influence and align colleagues to make things happen, to build trust and collaborative relationships with others.
• As a people leader, somebody who promotes a sense of team and innovation, who can build the six conditions of Your Best to support colleague development.
• Somebody who demonstrates LBG’s values and behaviours and encourages this across teams, showcasing exemplary behaviours.

This is a superb opportunity to join and be a key part of our ambitious cultural change activity. An opportunity to learn a huge amount – both in this space and to develop great leadership and other transferable skills. Given the team is located in London, we are advertising this role in that location given day to day management of Grade E and Grade F colleagues whom we feel would benefit most from being co-located on office days.At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you’ll have many opportunities to learn, grow and develop.We keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.We’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

Expected salary

£130671 – 153730 per year

Location

London

Job date

Sat, 20 Jul 2024 07:49:18 GMT

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