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BP&A Manager - 12 months secondment/Fixed Term Contract

Employer
Bank of England.
Location
UK
Salary
Competitive
Closing date
20 May 2021

View more

Sector
Accountancy
Contract Type
Permanent
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Job Details

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

Department Overview
The Finance & Performance Directorate plays a critical role in protecting the Bank's financial position and reputation. The overall purpose of the Directorate is to contribute to the successful execution of the Bank's aims and objectives by ensuring it has an appropriate financial platform for its broader responsibilities, and for the challenges facing an organisation of more than 4,000 staff, with annual expenditure of circa £700mn.

The Finance & Performance Directorate has four main Divisions, Financial Reporting & Control, Financial Analytics & Insight, the Corporate Investment Portfolio Office and Finance Strategy.

The Finance & Performance Directorate plays a critical role in protecting the Bank's financial position and reputation. The overall purpose of the Directorate is to contribute to the successful execution of the Bank's aims and objectives by ensuring it has an appropriate financial platform for its broader responsibilities, and for the challenges facing an organisation of more than 4,000 staff, with annual expenditure of circa £700mn.

The Finance & Performance Directorate has four main Divisions, Financial Reporting & Control, Financial Analytics & Insight, the Corporate Investment Portfolio Office and Finance Strategy.

This role sits within the Finance Analytics & Insight Division and provides critical support to the Head of Finance Analytics & Insight and the Senior Manager of Performance Measurement & Insight specifically on Bank wide performance reporting, benchmarking and strategic planning.

The Business Planning & Analytics (BP&A) team is responsible for the:
  • Coordination and analysis of quarterly cost and headcount forecasts and annual budgets
  • Strategic direction and co-ordination of the budget and forecasting processes, ensuring they align to Bank wide priorities
  • Ad hoc analysis to support senior management including Chief Financial Officer, COO and Heads of Department
  • Production and analysis of cross team Bank-wide cost and headcount Management Information (MI)
  • Preparation of monthly Bank-wide Financial slides and Quarterly Financial Report (QFR) for Governors / Deputy Governors, analysing costs, income, headcount and balance sheet
  • Close collaboration with several other areas of the Bank including Finance Strategy, Finance Business Partners, Financial Reporting, Finance Systems, the COO community, People & Culture and other Central Service departments

Job description

This is a high profile role where the role holder will have significant exposure to senior stakeholders including Executive Directors, the Central Services Leadership Team, the Executive Operations Committee and the Executive Committee and senior members of other Central Banks.

Along with the FA&I leadership team you will be responsible for day-to-day management of the team and for defining roles and responsibilities. You will develop the team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate.

Together with the Leadership team of the Finance Analytics and Insights team, you will ultimately be collectively accountable for all of the output from the BP&A team which includes coordination and presentation to various Governance boards on the following:
  • Reporting on Financial Performance
  • The annual budget process
  • Forecasting process

Key Responsibilities

Business Planning & Reporting 50%
  • Support the wider Finance team through the forecast and annual budget processes, and ensure all plans and forecasts accurately reflect business strategy.
  • Ensure timely production of all month end and quarter end reports, and relevant analysis and commentary are reviewed and agreed.
  • Shape and develop independent Bank-wide storyline, reporting and related supporting analysis to present to senior stakeholders.
  • Drive strategic financial planning which including the implementation of a multi-year planning framework and the tracking of strategic priorities across the Bank
  • Promote a 'cross team' ethos within the Finance area and across the wider Bank, working closely with Finance Business Partners and the Financial Control team to ensure all reported figures are consistent across the team and to ensure alignment to wider Bank strategy

Analysis and Decision Support 50%
  • Deliver insightful reporting and analysis for Executive Directors and Governors to support informed and effective decision making.
  • Scenario modelling and forecast of the financial performance to assist with business decision making.
  • Become a trusted advisor providing Bank-wide financial insight for CFO, Executive Directors and Governors to support delivery of strategic objectives.

Role Requirements

Minimum criteria

The role holder needs to have experience covering Business Planning and Analysis:
  • Qualified Accountant

Essential criteria
  • Attention to detail, but ability to keep 'bigger picture' view in focus
  • Proven financial planning analysis skills
  • Accustomed to dealing with ad hoc requests and responding to 'fire drill' requests
  • Excellent time management skills and ability to work under pressure
  • Good communication skills and experience in developing senior stakeholder relationships
  • Ability to communicate financial information and analysis to stakeholders verbally and in writing
  • Previous experience of coordinating Budget and Forecasting cycles
  • Collaboration with senior Finance and wider (non-Finance) management
  • Evidence of analytical ability and consolidation / summary of large amounts of data and the ability to communicate this information to non-Finance stakeholders
  • Experience in the preparation and presentation of actionable management information to senior management
  • Experience of cost allocation process an advantage


This role offers a base salary of between £65-72,000(subject to experience and skillset). The total package also includes:

•A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.

•A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.

•25 days annual leave with option to buy up to 13 additional days through flexible benefits.

•Private medical insurance and income protection insurance

We anonymise applications so hiring managers will not be able to see your personal information, your original CV or any covering letters when reviewing your submission. Please complete work history and the application form questions as requested because incomplete submissions will not be reviewed.

We continue to build an inclusive culture where everyone can be their whole selves and produce their best work. Our focus on inclusion is intended to build greater diversity in order to reflect the society we serve and be an employer of choice.

The closing date for applications is 20th May.

Please apply online, ensuring that you answer the application questions, complete work history and submit your CV.
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