Cost Business Partner, Lloyds
Commercial Banking (12-month Fixed-Term Contract)
£67-74.5k
+ Bonus
2-5 days a week in office
Retail and commercial bank
Be an early applicant
Retail and commercial bank
1001+ employees
Be an early applicant
£67-74.5k
+ Bonus
2-5 days a week in office
1001+ employees
Company mission
To support families and businesses, helping them to take the next step, whatever that may be.
Role
Who you are
- Qualified accountant (ACA, ACCA, CIMA or equivalent) or able to demonstrate equivalent relevant experience
- Strong business partnering, with the ability to build trusted relationships across a wide range of partners
- Experience supporting financial planning, forecasting, budgeting and performance management within a large and complex organisation
- Ability to provide constructive challenge, influence decisions and communicate financial insight effectively to senior partners
- Strong commercial awareness and financial acumen, with the ability to translate complex data into clear business recommendations
- Excellent analytical, problem-solving and storytelling skills
- Experience driving cost efficiency, operational improvement and performance enhancement initiatives
- Experience working with senior leadership teams and supporting strategic business decision-making
Desirable
- Strong Excel skills, with experience of analytical and reporting tools such as Power BI, Power Query and SmartView, alongside financial planning and reporting systems (e.g. Oracle)
- Experience of workforce planning, investment appraisal and business case development
- Experience identifying and implementing process automation or reporting improvements
- Experience working in a large financial services organisation
What the job involves
- Our Business Partners are Group Finance’s front line into the business. They think strategically and are trusted advisors to the group and its leadership teams. Business Partners provide challenge and insight and champion a culture of curiosity in order to truly understand the businesses they're supporting
- The team focuses on financial planning, forecasting, performance management and commercial insight, supporting senior partners across Business & Commercial Banking and Corporate & Institutional Banking. Through effective business partnering, we help the business understand performance, identify risks and opportunities and drive sustainable outcomes
- We actively encourage colleagues to broaden their experience through job rotation opportunities, exposure to new challenges and collaboration across Finance and the business. This provides a unique opportunity to build a diverse skillset, strengthen your network and gain exposure to a wide range of strategic, commercial and financial topics
- Act as a trusted business partner and key Finance contact for leadership teams across Business & Commercial Banking and Corporate & Institutional Banking
- Support and challenge business areas on financial performance, investment decisions, workforce planning and cost management
- Lead forecasting, planning and performance analysis activities, ensuring plans are realistic, deliverable and aligned to strategic objectives
- Provide effective challenge to business plans, forecasts and investment proposals, helping ensure risks and opportunities are clearly understood
- Provide insight and challenge on cost allocations, ensuring interested parties have a clear understanding of how distributed costs impact financial performance and decision making
- Translate financial data into clear, actionable insight that influences decisions and drives measurable outcomes
- Support sustainable performance through disciplined cost management, optimisation of resources and informed investment decisions
- Identify and communicate emerging risks, opportunities and trends, partnering with stakeholders to deliver effective actions
- Drive operational improvement, automation and innovation opportunities that improve efficiency and strengthen decision support
- Build trusted relationships across Finance, the Business and Centres of Excellence, collaborating to deliver improved business outcomes
- Present clear, concise and commercially focused recommendations and financial narratives to support senior partners and governance forums
- Take ownership for outcomes, proactively identifying risks, opportunities and actions required to improve financial performance
Application process
- End Date
- Thursday 22 October 2026
Our take
Lloyds Bank, part of Lloyds Banking Group, began operations back in 1765 and is nowadays one of the UK’s leading retail and commercial banks. As with many leading banks, the company has dealt with its share of controversy, but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
As part of its ongoing digital transformation, the company is seeking to put the cloud at the front of its services and systems, and has cited intentions to invest heavily in overhauling its technology infrastructure. All this seeks to serve the modern banking customer, and to compete with the fast-increasing number of alternative banking options appearing on the market.
On top of this, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on "FinTech Action Labs" to bring its industry expertise to early-stage FinTechs. The company continues to enhance its online and mobile services (it is the UK's biggest mobile bank), as well as expanding its partnerships with digital banking companies.
Steph
Company Specialist at Welcome to the Jungle
Insights
-1% employee growth in 12 months
Company
Company benefits
- Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
- A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
- A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
- Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
- Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
- Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
- Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
- Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
- Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.
Company HQ
City of London, London, UK
Leadership
Charlie Nunn
(Group Chief Executive)Spent nine years at HSBC, including as Group Head of Wealth Management and Digital, and as CEO of Wealth and Personal Banking.
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