OG
Senior Cost Manager (IT & Transformation)
full-time•Wolverhampton•£72k - £85k
About this role
About the team
We are recruiting a Senior Cost Manager to own the end to end cost agenda, including maintaining a concise ‘cost narrative’ for core IT and the cloud native Transformation programme. This is a new role reporting into the Head of Cost, Reporting and Lending and will also work alongside a small team of Cost Business Partners.
The role can be based from Wolverhampton or Chatham.
What you will be doing?
As Senior Cost Business Manager you will be the senior Finance representative into the IT and Transformation leadership teams, you’ll challenge plans, shape spend profiles and tell a clear, evidence-based cost narrative that non-finance and technical stakeholders can act on.
Your responsibilities will include…
- Lead cash accounting, capitalisation, depreciation/amortisation and the accuracy of the total cost of ownership across Transformation and Group Technology; partner closely with Group Financial Control
- Lead the annual budget and a rolling forecast processes; build driver-based models (and identify risks and cost saving opportunities early
- Implement cloud cost governance and support optimisation
- Produce and present monthly actuals vs budget/forecast with clear root-cause variance analysis corrective actions and decision requests.
- Prepare materials suitable for SLT, Programme SteerCo and Group ExCo
- Maintain a concise “cost narrative” that explains how the cost base is composed and how it’s evolving
- Simplify the cost model, shorten close/reporting timelines, automate reconciliations, and raise insight quality analysis
What's in it for you?
- Base salary from £72,000 - £85,000 dependant upon experience
- Enhanced family-focused benefits
- Annual bonus opportunity up to 25%
- 30 days annual leave + bank holidays
Please use this link to see the fantastic benefits available at OSB: https://www.osb.co.uk/careers/overview
About us
At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.
Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.
Do you have the skills?
We are looking for talented individuals who have the experience and knowledge set out below:
- Fully qualified accountant with experience working and influencing Executive stakeholders
- Track record in cost and/or management accounting within Financial Services, with proven ownership of complex technology cost centres and/or major programmes
- Hands-on IT cost domain knowledge (infrastructure, software, services, projects; cloud)
- Demonstrable project accounting experience (capex/opex/cash)
- Advanced financial modelling in Excel including Power Query; experience with ERP/General ledger and forecasting tools to build clean, auditable driver-based models from raw data and provide insights and recommendations
- Experience and knowledge of good financial control hygiene (reconciliations, documentation, segregation of duties)
- Strong analysis and clear communication skills in order to confidently present information and data in a digestible way
Next steps
If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.
Still on the fence? Hear from our team or explore our process: OSB Careers
Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!
Diversity, Equity & Inclusion
Not sure if you meet the spec? Let us decide.
Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.
We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.
What you'll do
- The Senior Cost Manager will lead cash accounting, capitalisation, and the accuracy of total cost ownership across Transformation and Group Technology. They will also produce and present monthly actuals versus budget/forecast with variance analysis and corrective actions.
About OSB Group
With a central mission to provide fair financial solutions to all, OSB Group is a specialist lending and retail savings group serving the UK, Jersey and Guernsey, and is authorised by the PRA, part of the Bank of England, and regulated by the FCA.
With a heritage dating back over 150 years, OSB floated on the London Stock Exchange in June 2014 and joined the FTSE 250 one year later.
2019 marked an exciting period of growth with the combination of OSB and Charter Court Financial Services, taking The Groups individual brands to 13, including Kent Reliance, Precise, InterBay, Heritable Development Finance, and Charter Savings Bank.
OSB Group focuses its specialist lending activities on selected sub-sectors of the lending market in which it has an established presence and expertise. These include private rented sector buy to let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance.
Predominantly funded by retail savings originated through online and direct channels, The Group originates almost all of its organic lending through specialist intermediaries. It’s differentiated through its use of highly skilled, bespoke underwriting and efficient operating model.
The majority of the Group’s administrative support functions are performed by its wholly owned operations in Bangalore, India.
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Frequently Asked Questions
What does OSB Group pay for a Senior Cost Manager (IT & Transformation)?
OSB Group offers a competitive compensation package for the Senior Cost Manager (IT & Transformation) role. The salary range is GBP 72k - 85k per year. Apply through Clera to learn more about the full compensation details.
What does a Senior Cost Manager (IT & Transformation) do at OSB Group?
As a Senior Cost Manager (IT & Transformation) at OSB Group, you will: the Senior Cost Manager will lead cash accounting, capitalisation, and the accuracy of total cost ownership across Transformation and Group Technology. They will also produce and present monthly actuals versus budget/forecast with variance analysis and corrective actions..
Is the Senior Cost Manager (IT & Transformation) position at OSB Group remote?
The Senior Cost Manager (IT & Transformation) position at OSB Group is based in Wolverhampton, England, United Kingdom. Contact the company through Clera for specific work arrangement details.
How do I apply for the Senior Cost Manager (IT & Transformation) position at OSB Group?
You can apply for the Senior Cost Manager (IT & Transformation) position at OSB Groupdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.