Head of Cost Accounting & Payables (11997)

Investec; London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading company seeks a Head of Cost Accounting & Payables to inspire a team while overseeing accounts payable activities. The successful candidate will ensure accuracy in financial reporting and work collaboratively to drive efficiencies. Applicants should possess strong analytical and leadership skills, and demonstrate knowledge of banking products and processes.

Benefits

Wellbeing Subsidy

Corporate Gym Membership

Virtual GP

Optional Private Medical & Dental Insurance

Non-contributory Pension

Discretionary Bonus

Life Assurance

Critical Illness & Income Protection

Season Ticket Loan

Electric Vehicle Scheme

Qualifications

• Demonstrable knowledge of cost drivers in a banking context.
• Strong operational finance understanding.
• Excellent leadership and coaching skills.

Responsibilities

• Develop and lead a team of 17 to drive business forward.
• Ensure accuracy and integrity of all cost accounting.
• Influence executive committee members with financial support.

Skills

Excel

PowerPoint

Leadership

Analytical Skills

Stakeholder Management

Commercial Acumen

Job description

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Team description

The Head of Cost Accounting & Payables will lead the Cost Accounting team and oversee the delivery of the accounts payable activities offshored to Investec Ltd in South Africa.

The Cost Accounting team are located across London, Mumbai and South Africa, and are collectively responsible for the budgeting, reporting and accounting activities for Technology, Operations, Risk, Finance, HR, Marketing and all other business enablement functions.

The Accounts Payable team are based in South Africa and fulfil our obligations to vendors/suppliers through timely onboarding, invoice processing and arranging settlements, in compliance with internal policies. In addition, the team also facilitates the reimbursement of staff expenses and manages the corporate credit card scheme.

This role reports to the Head of Planning, Analysis and Strategy.

What will you be doing?

• Developing a team of 17 in partnership with local leaders, inspiring confidence and generating excitement, enthusiasm and commitment to drive the business forward
• Building an inclusive environment, setting clear objectives, and ensuring the UK growth strategy is understood and people feel connected to it
• Ensuring accuracy and integrity of all cost accounting in line with relevant accounting standards and tax laws
• Overseeing the cost allocation methodology and associated processes
• Delivering regular reporting, strategic reviews and creating financial narratives on costs
• Influencing Executive Committee members for all business enablement areas through strategic level finance support as required
• Operating as a financial partner to proactively identify opportunities to drive efficiencies to optimise costs
• Playing a key role in transforming existing processes, partnering with Technology to deliver scalable, flexible and resilient solutions, including modern technologies such as Power platforms and AI
• Understanding market dynamics and industry trends affecting business support areas.

What are we looking for in the successful candidate?

• Demonstrable knowledge of cost drivers in a banking context
• Demonstrable knowledge of banking products and processes
• Strong Excel & PowerPoint skills
• Knowledge of data visualisation best practice
• Strong analytical capabilities
• Strong operational finance understanding
• Excellent leadership and coaching skills
• Strong business and commercial acumen
• Great attention to detail
• Strong stakeholder management skills
• Strong analytical skills
• Strong business partnering

If this is the role for you, click apply today and the team will be in touch shortly

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

Wellbeing

Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Travel

Season Ticket Loan & Electric Vehicle Scheme

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same - if the role excites you, please don't let our person specification hold you back. Get in touch!

Recite Me

We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the 'Accessibility Options' link at the top of the page.

The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.

If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist.