Forecasting Manager

JR United Kingdom; Tonbridge and Malling; Hybrid; GBP 50,000 - 75,000; Full time

Job summary

A leading company in financial solutions is seeking a Forecasting Manager to lead forecasting and predictive analytics. The successful candidate will develop forecasting models, analyze business trends, and work cross-functionally to enhance overall business planning and performance. This hybrid role requires travel to the Kings Hill office and a strong background in quantitative analysis and leadership.

Qualifications

• Highly numerate and detail oriented.
• Experience in data analysis and commercial implications.
• Ability to manage and lead a technical forecasting team.

Responsibilities

• Lead ERC forecasting and predictive analytics efforts.
• Develop forecasting models and report findings to stakeholders.
• Analyze trends and provide insights for business planning.

Skills

Analytical skills

Leadership

Communication

Quantitative analysis

Education

Degree in a quantitative field

Tools

Microsoft Excel

Power BI

Databricks

Job description

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Cabot Financial are currently recruiting a Forecasting Manager for their Forecasting team. This is a hybrid role with travel to our Kings Hill office required.

Job Purpose

You will be responsible for leading ERC forecasting and predictive financial analytic efforts within our organisation. You will also be responsible for developing accurate forecasts, analysing trends, and providing insights to support business planning and decision-making. You will work cross-functionally with finance & the core business units to ensure optimal business performance.

Key Accountabilities & Responsibilities

• Develop and maintain forecasting models to predict future ERC levels based upon key business metrics. Being the departmental lead for reporting and analysis to support quarterly outputs, including drafting of presentation packs for review meetings.
• Working with the business to identify, analyse and quantify areas requiring manual adjustment in the quarterly reforecast process
• Present forecasting reports and recommendations to senior management and key stakeholders
• Enhance Forecasting team reporting capabilities and implement new forecasting tools and software to automate and optimize predictive analytics, identifying hidden trends, anomalies, and relationships within the data to highlight areas of improvement within the models.
• Utilise analytics to enhance forecasting processes by working with Head of Forecasting, DS team and other core business areas to provide improved forward-looking assessments of PCL expectations
• Working with Head of Forecasting, DS team and other core business areas to support the periodic parameter update exercise and to ensure understanding by way of analysis of impact
• Identify risks and opportunities through scenario planning and sensitivity analysis.
• Ensuring delivery of SOx and governance requirements around this process – including delivery of Group risk requirements
• Ownership of ABC model, working with finance, pricing and strategy teams to ensure that this supports business needs
• Oversight of ABL reporting process
• Stay up to date with industry trends, economic indicators, and forecasting best practices
• Other ad-hoc requests

Formal Education & Certification

• Highly numerate and detail oriented, preferably with a degree in a quantitative field such as mathematics science subjects, economics or engineering or equivalent experience.

Knowledge & Experience

• Experience in transferring analytical output to commercial implications
• Leadership of a team especially highly technical individuals
• Collaborative and consultative - able to work with others to develop cross business solutions
• Strong analytical and quantitative skills
• Extensive experience in an industry that deals with high volumes of data
• PC literate. Microsoft Excel, Word and PowerPoint is required
• Understanding of debt purchase processes and collections strategies
• Knowledge of statistical sampling techniques such as Stratified sampling as distinct advantage
• Proficient in Databricks for data querying/ programming and an understanding of relational databases
• Ability to build reporting within PowerBi application would be beneficial

Personal Attributes

• Ability to self start and work with little supervision with a clear delivery focus
• Ability to effectively communicate complicated technical issues to a non-technical audience

Ability to think creatively - to challenge the norm

What happens next?

If this sounds like you and you’d like to join our rapidly expanding company that offers excellent career progression, then apply now, a member of our Talent Acquisition team will then be in touch with you!

Working for Cabot:

You’ll be working for an award winning; Investors in People Gold accredited organisation. We are passionate about the ethical treatment of our customers and employees. Our mission is to create pathways to economic freedom. Our vision is to make credit accessible by partnering with our consumers to restore their financial health.

Diversity and inclusion are very important to us at Cabot, and we value a multitude of diverse talent within our business. We want everyone to be themselves at work and encourage a culture that includes everyone. Our policies ensure that every candidate and employee are treated fairly and with equal opportunities.

**At Cabot we are highly regulated by our clients, as such, any successful candidates will have to undergo a basic credit check and criminal background check. Please note that we are unable to proceed to interview stage if a CCJ, IVA or Bankruptcy appears on a credit file, or if you do not have full right to work in the UK – we are unfortunately unable to offer sponsorship.