Assistant Finance Manager, Lloyds
Financial Control, 12-Month Fixed-Term Contract
£43.8-53.5k
+ an annual performance-related bonus and share schemes including free shares
More information about location
2 days a week in office
Retail and commercial bank
Be an early applicant
Retail and commercial bank
1001+ employees
Be an early applicant
£43.8-53.5k
+ an annual performance-related bonus and share schemes including free shares
More information about location
2 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
- Accountancy qualification – ICAS (or equivalent), ACCA or CIMA
- Passion for Financial control and a curious mindset
- Good analytical skills
- Good stakeholder management skills
- Confidence to challenge
- Desire to embrace and emulate LBG’s Grow With Purpose ethos
- If you’re excited by the thought of becoming part of our team, get in touch! We’d love to hear from you!
What the job involves
- You'll join us in Group Finance Support (GFS), a team of c300 colleagues within the Finance Division, providing centralised support and expertise to the rest of Finance and the Business
- This role sits within the Commercial Banking Financial Control and Reporting team who are responsible for financial control activity for the Commercial Banking division (“CB”) such as income recognition, reconciliation and substantiation of financial data, guardianship of the ledger and ensuring risks are appropriately recorded, escalated and resolved
- We are looking for an enthusiastic and hardworking candidate to support the Finance Manager in leading a Finance team responsible for ensuring the ledger is complete and accurate for our Cardnet and Merchant Services business
- Involves both preparation and review of month end journals, balance sheet substantiation preparation and regular interaction with Finance Business Partners, production of management reporting and other financial control processes
- Supporting the Finance Manager with meeting key deliverables and ensuring the ledger is complete and accurate, reducing key person dependencies as well as driving forward resolution of issues
- Proactively identifying improvements to existing processes, systems and procedures, including the running of debrief meetings and driving continuous improvement initiatives
- Contributing to Governance, Legal Entity & Risk packs, with a focus on strengthening controls to mitigate risks and reviewing these regularly
- Collaborating closely with our third-party joint venture team who support the Cardnet business
- Collaborating closely with a large number of internal teams including; other GFS teams and the CB Finance business partner teams (based primarily in London and Bristol). In addition there may be a requirement to liaise with Accounting Policy, Divisional Business and Operations teams, Finance Platform colleagues, internal and external auditors when required
- Significant contribution to the eventual successful adoption of the new Oracle ledger through regular engagement with Finance Platform, and other Change teams to ensure that Financial Control matters are considered
- Perform daily control and review activity
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 – including for its handling of PPI complaints in 2015, and the 2009 European Commission ruling that forced it to part ways with TSB – but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
Of the company’s 26 million customers, over 18 million of them are online, making it the largest UK digital bank. 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 current 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.
Recently, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on FinTech Action Labs (a FinTech accelerator programme) to bring its industry expertise to early-stage FinTechs. As well as investment in digital transformation and AI, the company is enhancing its wealth product and corporate banking offerings, 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, not founder)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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