Head of Cost Management

4 weeks ago

London, United Kingdom Royal London Mutual Insurance Society Full time

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Job Title: Head of Cost Management

Contract Type: Permanent

Location: Edinburgh, Alderley Edge or London

Working style: Hybrid 50% home/office based

Closing date: 31st May 2024

We are seeking a highly skilled and experienced Head of Cost Management to join our team in either our Edinburgh, Alderley Edge or London office.

As the Head of Cost Management, you will be responsible for overseeing and managing the Group's cost base. Your expertise will be instrumental in developing and implementing strategies to reduce costs, improve profitability and enhance operational efficiency across the breadth of the cost base.

You will play a pivotal role in overseeing and optimising our cost control strategies. You will be responsible for identifying cost-saving opportunities, implementing initiatives to mitigate risks and gaining senior stakeholder buy-in. Your commercial business acumen and significant stakeholder management experience will be crucial in managing and influencing expenses across departments.

You will be a key part of Royal London's Business Finance team, providing financial expertise and insight to drive performance. This role will offer the successful candidate the opportunity to directly influence our executives, supporting them to make sound business decisions and ensure delivery of our strategy to achieve our Purpose.

About the role

  • Leading the Cost Management team responsible for oversight and challenge of 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.
  • A credible commercial and strategic partner to the senior executives across the business, to align the cost base to the future of the business.
  • 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.
  • Provide financial leadership, relevant insight and challenge in determining and delivering the strategic cost strategies.

About you

  • Qualified Accountant or Actuary.
  • Exceptional stakeholder management capabilities, with the ability to build trust and credibility with senior stakeholders and executives.
  • Excellent communication and influencing skills, with gravitas and executive presence, 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.

About Royal London

We're the UK's largest mutual life, pensions, and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits

Inclusion, diversity and belonging

We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.

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