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Head of Cost Management

Date: 20-Nov-2020

Location: Wilmslow, GB Edinburgh, GB

Company: Royal London Group

Job title                       Head of Cost Management

Location                     Edinburgh or Wilmslow

Contract type             Permanent

Closing date               6th December 2020


At Royal London we want to attract the best talent to help us achieve our vision of becoming the most trusted and recommended financial company in the UK. We are the largest mutual life, pensions and Investment Company in the UK.


For more than 150 years, people have been at the heart of all that is great about Royal London. We know that this is a difficult and uncertain time for everyone and are doing everything we can to support our customers, our people and candidates.


Maintaining the Spirit of Royal London is of paramount importance to us as we face new and different ways of working. That is why we are embracing technology throughout our recruitment process to support interactions. As you embark on your journey with us will engage with you via email, telephone and video to ensure we all remain safe. We are committed to wellbeing and at this challenging time, it remains our priority. 


The purpose of this role is to drive cost behaviours across the Group and seek to develop and provide insight which helps to drive the business in the right direction.


The role will bring together cost management and cost allocations and look to improve the interaction between this and value that can be added in this space.


Key Accountabilities

  • Leading the Cost Management team: responsible for oversight and challenge of function spend and cost control across Royal London
  • Encourage a culture of cost control across Royal London, emphasising its importance when interacting with business stakeholders and taking personal ownership of driving this change in behaviours across the Group
  • Ensure cost drivers and allocations challenged and appropriate for the relevant purpose
  • Responsible for the insight from the movement of allocations for the business plan and valuation expenses, using this to drive appropriate business behaviour.
  • Drive innovation and future scalability in the Cost Management team
  • Identify areas of improvement across the cost management team, making sure that processes are optimised
  • Act as a day to day contact for senior Finance and Business stakeholders for key cost management issues, in support of the Finance Business Partners
  • Provide financial leadership, relevant insight and challenge in determining and delivering the strategic cost strategies
  • As part of the Business Finance management team, foster a knowledge sharing culture across the teams and wider function whilst shaping and elevating the team to the position of trusted advisor to the Business


Skills and Experience

  • Qualified Accountant or Actuary
  • Good communication skills, both face-to-face and report writing including the ability to present complex information clearly and accurately
  • Significant cost control experience including a solid understanding and appreciation of best practice in this area in peer organisations
  • Strong leadership skills and a proven ability to shape, lead and successfully manage teams
  • Proven track record of delivering process improvement and value-add insight


Essential Criteria

  • Commercial finance acumen, underpinned by experience in multiple disciplines within a Global finance function
  • Ability to present and articulate complex analysis in a clear, understandable manner
  • Able to create, develop, communicate and implement creative strategies to support the company’s long-term vision
  • Commitment to continuous improvement across processes
  • Excellent stakeholder management skills, to Executives, peers, the finance community and non-finance colleagues and experience of influencing at these levels


Desirable Criteria

  • Experience in Life insurance is desirable


What we offer

  • We've always been proud to reward employees by offering a number of benefits such as Pensions and Protection, Performance and role-related benefits, Lifestyle and Wellbeing 
  • Our People Promise is something we live up to every day. We know we can rely on you, and you can expect plenty from us in return.
  • Glassdoor  have again ranked as among the best places to work in the UK 


Our culture is welcoming, friendly, flexible and we aim to make you always feel included. We are an equal opportunities employer which means we believe in embracing difference as it makes us collectively stronger. Our diverse people bring us different skills – whatever their educational background, disability, gender, age, sexual orientation, race, religion or belief.


We also welcome applications from individuals who have taken an extended career break or those who are transitioning from different sectors. To support this we are always open to discussing flexible working to give you the freedom to be your best. It’s what makes Royal London a great place to work.


The first pillar of our People Promise is designed to make sure you 'work somewhere inclusive'. We want to live up to this promise; it’s good for our people and good for our customers too, because our workforce should reflect our communities.


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