Forecasting Manager

Cabot Financial; Ware; Hybrid; GBP 50,000 - 75,000; Full time

Job summary

Cabot Financial is seeking a Forecasting Manager to lead ERC forecasting and develop accurate predictive analytics. This hybrid role involves working with finance teams to enhance reporting capabilities and ensure optimal business performance. The ideal candidate will have strong analytical skills, leadership experience, and the ability to translate complex data into actionable insights.

Qualifications

• Preferably a degree in a quantitative field.
• Experience in analytical output and its commercial implications.
• Strong leadership and collaborative experience.

Responsibilities

• Develop and maintain forecasting models for ERC levels.
• Present forecasting reports to senior management.
• Identify risks and opportunities through scenario planning.

Skills

Analytical skills

Quantitative skills

Leadership

Collaboration

Technical communication

Education

Degree in mathematics, science, economics, or engineering

Tools

Power BI

Microsoft Excel

Databricks

Job description

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst

• Industries

  Financial Services and Collection Agencies

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