Head of Costs

Monzo Bank; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Group Head of Cost Efficiency to enhance financial operations and supplier management. This pivotal role involves leading a finance team to drive efficiency initiatives across various functions, ensuring optimal supplier selection and cost management. The ideal candidate will possess deep analytical skills and a customer-centric mindset, along with a passion for team leadership. This innovative firm offers a competitive salary, stock options, and a flexible working environment, making it an exciting opportunity for those looking to make a significant impact in a hypergrowth business.

Benefits

Competitive salary

Stock options

Flexible working hours

£1,000 learning budget

Macbook provided

Work-from-home support

Qualifications

• Deep financial experience with a focus on cost efficiency.
• Experience in implementing systems for financial modelling and analytics.

Responsibilities

• Lead finance business partnering team for efficiency initiatives.
• Deliver cost performance reporting and establish efficiency metrics.

Skills

Analytical Skills

Financial Modelling

Cost Efficiency Processes

Team Leadership

Stakeholder Management

Customer-Centric Mindset

Tools

Data Analytics Tools

Financial Systems

Job description

London | competitive + stock options | Benefits | Hear from the team

About the role

We’re looking for a Group Head of Cost Efficiency who will be responsible for understanding, reporting and analysis of costs, delivery of cost targets across the Group and specific management of supplier relationships and contract terms in line with Group efficiency objectives. The goal is not cost-cutting - rather it is about taking an analytical approach to ensuring that we select the best possible suppliers to deliver against the needs of our hypergrowth business, and achieve the best cost/benefit for the services and products that we procure. This person will sit on the Group Finance Leadership Team.

You’ll play a key role by...

• Building out and leading a finance business partnering team to collaborate closely with the non-revenue functions (Operations, Technology, People etc.) and their leaders (COO, CTO, CPO/CHRO), delivering jointly on efficiency initiatives.
• Delivering financial modelling capabilities combined with commercial acumen to support key supplier negotiations.
• Working with Data and Transformation teams to deliver scalable infrastructure, business analytics and data visualisation capabilities for cost measurement, allocation, analysis, budgeting and forecasting.
• Rolling out Group-wide cost performance reporting and routines, dashboards and scenario-planning tools.
• Establishing key efficiency metrics for the Group and targets for the short / medium and long-term and build efficiency plans jointly with business owners to reach Group objectives against such metrics.
• Collaborating with FP&A to understand and explain cost performance and variances to plan as part of overall performance tracking.

We’d love to hear from you if you have…

• Highly analytical and deep financial experience.
• Experience of establishing and running cost efficiency processes across large organisations.
• Experience of selecting and implementing new systems to deliver financial modelling, analytics, visualisation and operational workflows.
• Ability to influence and build deep relationships at a senior level.
• Ability to bring constructive challenge to senior stakeholders.
• Passion for team leadership and experience managing teams.
• A customer-centric and product-centric mindset.
• A values-driven leadership.
• Knowledge of retail banking products and pricing is a plus.
• Knowledge of cloud computing costs is a plus.

What’s in it for you

Competitive salary and share options.

This role is based in our London office. We're open to distributed working within the UK (with the expectation of occasional work from our London office, for key meetings).

We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.

Plus lots more! Read our full list of benefits

The application journey has 4 key steps:

- Phone call with recruiter (30mins)
- Video interview with Senior Finance team (45 mins)
- Technical case study video interview with senior finance leaders and stakeholder (60 mins)
- Video interview with Leadership team from a business area (60 mins)

Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on [e-mail].

We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out.

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