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JOB TITLE: Head of Finance Transport

SALARY: £104,368 - £130,460

LOCATION(S): Cardiff (Preferred), Bristol, Chester, Edinburgh, Gloucester, Halifax, Leeds, London

HOURS: Full Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

Can you think strategically and ‘join the dots’ to see the bigger picture? Do you enjoy working at pace, are you curious with a genuine desire to make a difference to the products we support? The key responsibility of the Transport Business Partner is to think commercially and strategically. As well as being able to grasp and delve into technical accounting and risk subjects to lead and understand the P&L. The role is a trusted advisor to the Business and its Leadership Teams and as their ‘critical friend’, we provide commercial insight and challenge to support the Business objectives.

About this opportunity:

With a fleet of c 275k in Lex Autolease, and Black Horse Lending of c £14bn the team is a market leader in Transport finance. In the Business Partner team, we support a wide range of activity such as pricing, strategy, margin management, trading, and underlying products. We provide counsel on all financial matters, recommending management action to enhance business opportunities, drive income and lead risk management. We also provide insight and our experience on technical accounting matters. Particularly in relation to the application of policies that impact the residual value exposure and impact on provisions and operating lease depreciation (OpLD). This is therefore an exciting but high-reaching role from both a commercial and technical view. One where there is scope to bring your own thinking and approach to deliver insight for the business.

2023 is already shaping up to be an interesting time in Transport, we have already seen three Bank Base Rate announcements this year. This has driven a multitude of competitor pricing moves. Customer behaviour is also changing in terms of how customers access finance products to meet their transport needs. Interesting trends are emerging such as cost of living impacts, increased used car prices, and an aim to fund more electric vehicles to meet our own and our customers’ sustainability targets. This means our analysis and insight continues to evolve and change. In the longer term Transport has secured significant group investment, including for a large re-platform programme over the next 3 years.

About the team:

The broader Consumer Lending Finance team play a key role in the overall support of the Retail division by providing business partnering support, analysis and insights and as well as reporting on current business performance across all the Retail Lending products. This role reports directly into the Finance Director for Consumer Lending, covering the Transport product offerings. Our team is at the very heart of the future direction of the businesses we support.

The team monitors, anticipates, and assesses any potential future impacts on the business. Business Partners provide challenge and insight and demonstrate an un-questionable appetite and curiosity to understand the Businesses they support. We do this by using our knowledge of the commercial drivers and clear and concise story telling behind monthly results, planning and forecasting. All this whilst providing innovative ideas and analysis.

What you’ll be doing:

Why Lloyds Banking Group?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

What we need from you (Essential Skills and Experience):

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it’s why we especially welcome applications from under-represented groups. We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.