Assistant Technology Cost and Commercial Manager

Lloyds Banking Group; West of England; Hybrid; GBP 45,000 - 50,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounted shopping

28 days + holidays

Wellbeing initiatives

Parental leave policies

Job summary

Lloyds Banking Group in Bristol is seeking an Assistant Technology Cost and Commercial Manager to join the Private Cloud Finance and Optimisation Team. You will help understand and manage costs for one of the Group's largest technology platforms, partnering with Technology, Finance, Sourcing and Commercial colleagues.

The role focuses on ensuring accurate cost forecasting, month-end activities, contract reviews, and supplier financial management.

Qualifications

• Relationship management across colleagues and suppliers.
• Experience identifying financial or commercial risks and opportunities.
• Managing costs, budgets, forecasting and explaining variances.
• Using Excel to analyse data and turn it into actionable insight.
• Knowledge of finances and contracts to inform decisions.
• Interest or experience in technology platforms, cloud hosting.
• Understanding financial controls, accruals and prepayments.
• Experience supporting FP&A, business cases, and investment decisions.

Responsibilities

• Build and manage cost forecasts and models for technology costs.
• Review contracts and pricing to inform commercial decisions.
• Record costs accurately and support month-end close.
• Manage supplier financial activity including POs, invoices, payments.
• Translate demand into financial forecasts for business cases.
• Collaborate with Technology, Finance, Sourcing and suppliers.
• Provide financial insight for renewals and investments.
• Support budgeting and scenario planning across the platform.

Skills

Relationship Management

Risk Management

Financial & Budget Management

Data Literacy

Business & Commercial Insight

IT Platforms & Hosting

Financial Control

FP&A

Tools

Excel

Job description

Assistant Technology Cost and Commercial Manager

Employer:

Lloyds Banking Group

Location:

Bristol, Bristol, BS1 5LF

Pay:

£44,901 to £49,890 per year,

Contract Type:

Permanent

Hours:

Full time

Disability Confident:

No

Closing Date:

16/11/2026

About this job

Assistant Technology Cost and Commercial Manager LOCATION: Bristol SALARY: £44,901 - £49,890 HOURS: Full time WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of your time, at our Bristol office.

About this opportunity We're looking for an Assistant Technology Cost and Commercial Manager to join our Private Cloud Finance and Optimisation Team.

It's a great opportunity to build your experience across finance, technology and commercial management, while helping us understand and manage the costs of one of the Group's largest technology platforms.

You’ll work with colleagues across Technology, Finance, Sourcing and Commercial, as well as our suppliers.

Together, you’ll help make sure technology costs are understood, forecast accurately and managed effectively.

You’ll support month-end activities and make sure costs are recorded accurately, build forecasts and cost models to help identify changes, risks and opportunities, and manage supplier financial activity including purchase orders, goods receipts, invoices and payments.

You’ll also review contracts and pricing, translate technology demand and sourcing plans into financial forecasts, and provide financial insight to support business cases, contract reviews, renewals and investment decisions.

You don't need to be a technology expert.

This is an opportunity to bring your financial and cost management experience to a technology environment and continue building your commercial and technology knowledge.

Why join us We're on an exciting journey to transform our Group and the way we're shaping finance for good.

We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

What you’ll need Relationship Management: Experience building effective working relationships with colleagues and stakeholders, including working across different business areas and with suppliers.

This is mapped as an essential skill for Technology Service Enablement at this level.

Risk Management: Experience identifying financial or commercial risks and opportunities, investigating issues and supporting appropriate actions.

This is also mapped as an essential skill for Technology Service Enablement at this level.

Financial & Budget Management: Practical experience managing costs or financial information, including budgeting, forecasting, analysing spend and explaining variances.

The LBG Skills Taxonomy defines this skill around planning and controlling finances, preparing budgets, analysing spend and forecasting future requirements.

Data Literacy: Experience using financial data and Excel to produce accurate analysis and turn information into useful insight for decision-making.

The Skills Taxonomy defines Data Literacy as analysing, understanding and communicating data as insight to support effective business decisions.

Business & Commercial Insight: Experience using financial or commercial information to understand business impacts and inform practical decisions, including costs, contracts or supplier activity.

And any experience of this would be really useful IT Platforms & Hosting: An interest in, or experience of, technology platforms, infrastructure services or cloud technologies.

IT Platforms & Hosting is mapped within the Technology Service Enablement job family.

Financial Control: Knowledge of accounting concepts or financial processes such as accruals, prepayments, capital and operating expenditure, lease accounting or financial journals.

Financial Planning and Analysis (FP&A): Experience supporting business cases, forecasts, financial analysis or investment decisions.

This is a place for you...

Our ambition is to be the leading UK business for diversity, equity and inclusion, supporting our customers, colleagues and communities.

We are committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and launch a dedicated Working with Cancer initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns.

As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role and have a disability, long-term health or neurodivergent condition, through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers

• just let us know what you need.

Benefits We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies