|Job Title:||COO Cost Control Analyst|
|Description:||COO Cost Control Analyst - Northampton, Northamptonshire
Our client was founded in 1966 and is the leading credit card provider in the UK with 8.4 mln customers. 1 in 5 credit cards in the UK are issued by our client.
The role holder will be responsible for the following:
To engineer day to day management of COO cost centres across 3 sites equating to approx £64.6m & 788FTE
Ensure a consistently high level of financial control is exercised within the COO
To provide timely & accurate financial data to COO Leadership Team, Cost Centre Managers and cross border customers
To compile data and produce detailed financial analysis
Ensure compliance, control policies, frameworks and procedures are financially adhered to
Extraction, collation and analysis of management information relating to attrition and sickness to help drive operational performance. For the company COO.
25% - Month End/RAF/STP
Preparation of monthly accruals for COO by Cost Centre
Forecasting & invoice generation of income lines across COO
To proactively identify potential cost savings / efficiencies
To monitor key account lines
Production of RAF/Mid Month Update for COO by Cost Centre
20% - Analysis
Production of monthly cost packs by Cost Centre
Production of STP/RAF packs by Cost Centre
Produce analysis by account line, comparing to Budget/ RAF figures
10% - Business Liaison
Monthly review meetings to be held with Cost Centre Managers & BBFT to ensure all charges are in line with Budget/ RAF expectations & identify potential differences to budget in both cost and quantity
Alignment to HR for Colleague data for COO
5% - Financial Governance
To ensure that Department mandates are updated on a 3 monthly basis
To ensure all invoices and orders are raised in line with sanctioned mandates
To process Capital sanctions of £13m in line with annual budget
10% - Sickness
Obtain sickness statistics and MI from HR.
Conduct analysis on HR sickness information to determine the cost to the business, top reasons for absence by day shift etc to obtain a true reflection of the impact sickness has to the business.
Report back to the business on analysis findings with recommendations for improvement.
10% - Attrition
Provide accurate in-depth reporting to the LTM on a monthly basis on attrition across all sites; to be included in the KPI pack.
Provide analysis on attrition information, highlighting any trends and providing solutions if possible.
Feedback any recommendations for improvements to the process and documentation to the Focus Group if necessary.
20% - Colleague Report
Produce monthly report to include FTE, Sickness and attrition data and analysis for BB Customer Services and Operations.
Quality check HR reports for alignment to cost base & FTE grade
Excellent Analytical Skills / Information Seeking
High organisation and administration skills
Numerate and high financial acumen
Influence/ Negotiating skills
Planning & Organising
Advanced communication and inter-personal skills
Self motivated and able to work without further supervision
Ability to work to deadlines
Knowledge and Expertise (relating to specialist knowledge and expertise required to undertake the role. May include knowledge of the Bank’s products, services and policies
Ability to interpret information and present in an appropriate style
Relationship building & communication skills with all key stakeholders
A good understanding of COO dynamics & associated costs & FTE implications.
Be competent in all applications within Microsoft Office
The company financial governance, risk & compliance regulations
A good understanding of the financial contribution made to group (Issuing & Acquiring
Experience, qualifications and other requirements specific to the role
Budgetary preparation and interpretation evidencing attention to detail
A good understanding of Financial Control and the use of SAP
Proven organisational and planning skills. The role holder needs to be able to balance several simultaneous activities
Challenge and improve current processes
Association of Accounting Technicians (or equivalent)
Experience in other administration, business support
Self starter & motivator
Key Issues over the next 12-24 months
Embed the COO Cost Control Team firmly within the COO directorate – ensuring that it is robust for New Horizons
Develop Cost to Process Model for COO
Develop & build Financial control function for the whole of COO – ensuring files are ready for 2008 STP
Work closely with the whole of COO Leadership Team and taking the directorate forward with business changes implemented with flawless execution
The Company Behaviours: of particular importance to this role
Planning and organising
Protect and Enhance our Reputation
Build Pride and Passion
Execute at Speed
|Salary Range:||£20 - £25/annum plus bonus, 27|
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