Financial Planning Analyst

Job content

In a nutshell
This role is key to the continued success of Sainsbury’s Bank and Argos Financial Services (SBAFS), supporting the Head of Portfolio Management in managing and tracking Collections & Recoveries (C&R) budgets, forecasting and bad debt performance impacting our P&L. You’ll be an important player in managing our exposure to customers in the Personal Loan, Credit Card and secured lending products, as well as the AFS store card portfolio.

You’ll contribute significantly to ensuring that the C&R function can retain tight control on costs and budgets. This will require the development of monthly reporting and tracking processes to monitor and control all cost lines across the business, building effective close working relationships with internal and external stakeholders is essential to this role.

You’ll play an important part in contributing to the development of capacity forecasting models to drive fair customer outcomes, excellent service and optimal OPEX costs. This will positively impact our overall profitability and play a crucial role in developing C&R’s operating performance, whilst ensuring our management of customers facing financial difficulty meets with our regulatory obligations and industry best practice.


What You’ll Be Doing

• Creating and timely provisioning of monthly C&R budget MI reporting, collating inputs from all cost lines across the business.
• Embedding financial planning controls and routines to ensure close budgetary control, aligned to our Corporate Plan.
• Identifying threats and opportunities, supporting wider business planning, corporate plan adherence and target setting.
• Coordinating benefits tracking impacting C&R cost and performance initiatives and change.
• Responsible for variance analysis of actual and forecast costs and benefits, providing insight into reported movements.
• Providing input and challenge to the design of C&R capacity forecasting, working closely with the internal stakeholders and our outsourced Collections partner to ensure optimal Balanced Scorecard Outcomes and OPEX delivery costs.
• Tracking BDAR and Supplier Portfolio Gainshare performance and resultant cost impacts.
• Contributing to the formation of the Monthly Finance Business pack, in relation to C&R inputs.
  
  

What You Need To Know And Show

• Experience in producing financial periodic reporting to a high degree of accuracy, collating information from the wider business, in a timely manner.
• Strong data interpretation and analytical skills, including data manipulation and presentation of findings.
• Experience of working with data in various technical applications such as SQL or SAS. It would be an advantage if you can build new and edit existing SQL/SAS reports.
• Manpower/capacity forecasting experience, as well as C&R/Credit Risk experience is desirable.
  
  

Our Benefits
In addition to the all-important salary, pension & bonus offering, we totally get that life outside work is important to us all. So, we want to shout out some of our other great benefits…

• We offer flexible working to help you achieve a good work/life balance
• Opportunity to buy extra holidays is on the table
• Discounts on your weekly shop, buying a laptop or sofa? We’ve got it covered through your Sainsbury’s, Argos and Habitat store discount card
• Cycle to work scheme and great coffee and cake!
  
  

A Little About Us & Our Culture
We’re proud of our heritage as the UK’s first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore we need innovators to join us and drive the next phase of our evolution.

We’re a friendly bunch who collectively share a passion to make our customers’ financial lives easier. As part of the wider Sainsbury’s Group, being one of the UK’s most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.

Everyone is welcome at the Sainsbury’s Group, and we’re proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.

Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.

If you’re interested in applying and are excited about working with us but are unsure if you have the right skills and experience – we’d still love to hear from you! We’d also be happy to discuss more flexible working options such as job shares and part time working.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.


Primary Location
GB-GB-Edinburgh


Other Locations
GB-GB-Milton Keynes


Work Locations
Sainsburys Bank Lochside and Home


Job
Sainsburys Bank


Schedule
Full-time


Advertised Salary
Competitive