Summary: The role of Budget Cost Optimisation Expert involves overseeing financial performance and expense management within the Technology department of a high-end consultancy firm specializing in financial services. The position focuses on enhancing financial transparency, optimizing costs, and improving budgetary decision-making processes. The ideal candidate will possess a strong financial background and experience in cost optimization within a technology function. This role requires a commitment to fostering a positive working environment while delivering optimal service to clients.

Key Responsibilities:

• Oversee the department's expense budget and financial performance, enhancing variance analysis and cost optimisation opportunities.
• Provide accurate mapping of forecasted costs against services to create transparency over departmental expenditure.
• Manage and maintain the Service Catalogue, ensuring it accurately reflects business consumption of technology services.
• Improve budget control processes, approval workflows, and escalate financial risks while identifying potential cost-saving measures.
• Streamline complex financial data and reporting, ensuring clarity on true cost savings and expected expenditures.
• Foster financial literacy within the department, improving accuracy in financial forecasts in collaboration with the leadership team and Technology Financial Analysis & Reporting department.
• Work closely with the Financial Technology Reporting team to develop FINOPS capabilities and support financial tool development.
• Attend monthly Headcount and Financial Management Review meetings with L2 Management, analysing actual spending trends and ensuring appropriate allocation of funding.
• Monitor expenditures, ensuring the department remains within budget while tracking financial results throughout the year.
• Review and enhance budget control processes, workflows, and governance procedures to improve financial management.
• Prepare and develop annual expense budget proposals and funding requests, collaborating with leadership to consolidate budgets and forecast future needs.

Key Skills:

• 5+ years of experience in Budget Cost Optimisation, with a proven track record of managing and optimising financial performance.
• Strong understanding of business financial service models.
• BSc/MSc in Accounting, Finance, Business, or a related field.
• Conceptual understanding of technology foundations, including infrastructure (databases, operating systems, networks), cybersecurity, and software development life cycle (SDLC).
• 3+ years of experience in cost optimisation within a Technology department.
• Proficiency in data analysis, forecasting methods, and financial modelling.
• Strong analytical, mathematical, and quantitative skills with a keen eye for detail.
• Ability to manipulate and interpret large data sets from multiple sources, ensuring data quality and presenting technical financial information clearly.
• Experience creating and delivering impactful PowerPoint presentations.
• Excellent written communication skills, with the ability to express complex financial topics in a clear and concise manner for senior audiences.
• Experience in the Financial Services sector (desirable).
• Background in economics, accounting, or statistics (desirable).

Salary (Rate): 375

City: London

Country: UK

Working Arrangements: on-site

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Consulting