Finance Manager, Cost Management

Role Overview

Reporting to the Sr Manager / Director, cost management, the Finance Manager supports the wider Vendor Management team in ensuring value and quality delivery for Refinitiv/ LSEG from key strategic vendors and managed service providers through effective engagement and consistent processes.

This role is fully responsible in ensuring financials (actuals & budget) tracking of all technology vendors that are supported by the team.  Ensures all transactions are in line with agreed contracts and clauses thereof, project plans and work orders. The Finance Manager is accountable for the end-to-end financial management of all Tech vendors within Infrastructure & Cloud division within the Engineering function, including PO creation, budget management, reconciliation of all billable charges, dispute management, and the timely payment of invoices.  This role will also comply updating all team trackers & any other ad-hoc tasks assigned by the management from time to time

In addition to this, the Finance Manager role is responsible for acting as a bridge between business stakeholders, finance partners & wider Vendor Management colleagues for all matters relating to contract financials, tracking against planned budget, tracking & reporting Risks & Opportunities against budget both for in-year impact & beyond.  Spearheads the budget / plan cycles in consultation with all parties involved and presents to senior executives within the division. 

Finally, the role is solely responsible for reporting financial metrics that measure the performance of Refinitiv/ LSEG's technology service providers against budget and SLA’s. This person will also perform ad-hoc analysis where necessary to review the consumption of deployed Technology assets and seek cost saving opportunities where possible and helps drive the financial strategy of the organisation & business division.

Key Accountabilities

• Partners with parts of a defined division/product on financial matters.
• Supports the business in the development of budgets and of forecasts and maintains a detailed knowledge and understanding of business priorities!
• Tracking of Vendor spend against committed budget lines, Translate complex financial & contract commercial reporting into simple updates
• Co-ordinate alignment of financial position by vendor, division between Finance Partners & Vendor Management
• Govern timely payment to Vendors to better align financial status reporting against year-to-date plans.  Ensure on time payments & avoid late payments.
• Track and hold stakeholders accountable for management of saving opportunities pipeline and cost risk mitigation
• Track and monitor vendor receipting and invoicing to ensure costs are incurred at correct cost center and timing.  Manage accruals info for appropriate accounting treatment.
• Design and deliver ongoing process improvement as it relates to cost efficiency tracking and delivery across Infrastructure & Cloud
• Provide support to Forecasting, Annual Planning, Business Analysis, Business Performance Reporting, Strategic Business Planning processes by contributing to the annual planning cycle.
• Deliver fortnightly reporting on budget variances (savings & exposures)
• Has finance background / demonstrable commercial acumen and has strong book-keeping skills
• Interpretation of large datasets from multiple sources & ability to consolidate / integrate into single reporting track.
• Support in financial modelling of business cases
• Weekly reporting encompassing variances on expected spend in Infrastructure & Cloud
• Documented operating process for tracking & reporting cost efficiency/ exposures
• Understands the divisional/financial performance and critical metrics, actuals, budget and forecast.
• Observes validation and quality control processes for financial reporting for the respective business area.
• Handle Audit queries & meetings with auditors as required
• Representing the team, presents any / all required data to senior executives including CXOs if required.

Qualifications & Experience:

• Degree (or something equivalent) and/or professional qualification which is relevant to Accounting & Finance
• A professional accountant’s qualification (or equivalent) is an added advantage.
• Proven track record in financial modelling, analysis, reporting and control.
• Extensive working knowledge in dealing with contracts & contract financials
• 12-15 years of experience in a complex multi-national organisation of international repute
• Intermediary to advanced knowledge on using data visualisation tools (PowerBi / Tableu etc.)

Other business & soft-skills:

• MS-Office suite with advanced Excel & power point
• Power Bi or any other data visualisation skills
• Excellent communication & presentation skills
• Proven track record of dealing with Senior executives of the organisation
• Working knowledge in interpreting third party contracts & contract financials
• Financial modelling & cost tracking
• Metrics & SLA reporting
• Patience, persuasion and perseverance
• A great team player, avoid conflicts & helps camaraderie within the team & function

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

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