Personal Bank Fin - Transactional FBP

Job description

Barclays moves, lends, invests and protects money for customers and clients worldwide.

Overall purpose of role

Working in close partnership with the Insurance and Fee Paying Current Accounts businesses, providing financial support to drive business decisions:

§ Interpret and explain performance within the business on a weekly, monthly and ad-hoc basis.

§ Work alongside the Customer Network team in respect of key planning assumptions and prepare financial forecasts by identifying risks and opportunities.

§ Support key operational and strategic decisions.

Provide ad-hoc analysis and insights on specific issues.

Key Accountabilities and Skills required:

Business Performance Management and Planning 30%

· Monitor actual performance against target and provide understanding for variances, continuously striving to produce insightful analysis to build business understanding of underlying economic drivers

· Maintain/enhance the Fee Paying Forecast model in order to produce the quarterly RAF and on-going reporting and planning/forecasting

· To respond to routine and ad-hoc information/commercial requests.

· Continuously enhance our MI infrastructure to make reporting more insightful (e.g. vintage tracking, supplier MI feeds, embedding claims costs analysis etc.)

· Report financial performance (including Shadow P&L) on a monthly and ad-hoc basis, developing robust, automated procedures for delivery through Essbase.

Strategy, Decision Support and Partnering 50%

· Be the ‘Go To' person for all commercial, income maximisation and KPI-related product impacts on the income statement.

· Develop and own Life Time Value models and Shadow P&L (including all marginal costs)

· Assess financial/commercial impacts of product, proposition and pricing initiatives/changes.

· Review and challenge partner Profit Shares and costs

· Support 3 rd party supplier contract and associated tender processes.

· Prepare and assess financial business cases.

· Pricing optimisation e.g. multi pack discount.

· Challenging and influencing the business strategy through robust finance business partnering

Financial Control 10%

· Provide clear information and guidance to the business to ensure that they are kept informed of their financial commitments and actions required to deliver.

· Liaise with Financial Control team to ensure that Group accounting policies are adhered to and appropriate technical treatment is applied for revenue recognition and contractual cost accounting.

Other 10%

· Build strong relationships with all key stakeholders.

· Collaboration across PCB Finance - share best practice, influence business decisions and participate in cross finance initiatives.

· Seek opportunities to continuously improve relevant business processes / practices within remit and a constant drive for excellence.

· Take ownership of own development, participating actively in one to ones, responding to feedback and identifying learning opportunities in the workplace.

Your Skills and Qualifications will include

§ Advanced excel and financial modelling and problem-solving skills.

§ Commercial mind-set a must.

§ Qualified Accountant/ Professional Qualification.

§ Strong intellect balanced with pragmatic approach.

§ Strong work ethic, enthusiastic and team player.

§ Natural curiosity to stay abreast of organisational, industry and economic trends.

§ Effective communication skills: verbal, written, presentation.

§ Capable of building trust and confidence with colleagues across the business.

The Benefits

Our customers deserve the best. The same goes for our employees. That's why at Barclays you'll receive a range of benefits that include a competitive salary and all the tools, technology and support you need to succeed.

Our Culture

Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. The values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our employees. Simply put, success is not just about what you achieve, but about how you achieve it.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Barclays is an equal opportunity employer and are opposed to discrimination on any grounds.

Risk and Control

All Barclays colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards