Finance Manager - PPI

Location London, England Salary £350 - £400 per day +
Sector Banking and Finance Find out more Contract

A leading Financial Services company based in London are looking for a Finance Manager to join their Finance team to provide PPI related financial expertise to senior stakeholders.

This role includes being the finance point of contact for all PPI financial reporting as well as providing analysis and insight in support of quarterly provision adequacy reviews.

Key Accountabilities:

  • Responsible for the allocation of the PPI financial provision by division and legal entity, tracking utilisation and assessing adequacy at each level
  • Quarterly reporting of PPI metrics to senior stakeholders
  • Involved in analysis of the phasing and coverage of the PPI provision
  • Assist with the quarterly external PPI disclosure
  • Liaising with Group Tax on ad hoc queries
  • Lead the year end PPI attestation disclosure requirements and challenge inputs as required, liaising with Group Finance, Group Tax and Group Statutory Reporting as appropriate
  • Responsible for preparation of high quality monthly PPI finance deliverables within the team
  • Manage the month end process including liaising with business and finance stakeholders to challenge / validate appropriateness of product redress payments and operational costs. Lead the monthly financials meeting including responding to challenges and following up actions
  • Review monthly reconciliations, journal preparation / posting and transferring costs to the PPI provision
  • Monthly reporting of key PPI metrics to Group Senior Stakeholders
  • Attend PPI Cost Board meetings and provide independent challenge on the appropriateness of the cost requests
  • Ability to scope out requirements and assess impacts relating to the financial control change environment. This includes identify, mitigating and escalating emerging risks as appropriate

Essential skills/experience:

  • Qualified Chartered Accountant or equivalent - minimum of 2-3 years post qualification experience
  • Financial Services industry experience (minimum 1-2 years) advantageous
  • Practical accounting experience including preparing month end journals, performing reconciliations and preparing financial reports
  • Strong analytical experience and evidenced by examples of reporting using analytical tools to understand metrics and perform scenario analysis to understand the sensitivities
  • Demonstrated use of influence and communication for deliverables including both managing expectations of stakeholders and ensuring information is provided on a timely basis as well as applying technical knowledge to drive and complete the task
  • Strong experience of month end reporting to demonstrate planning and organisation skills, attention to detail and providing timely accurate information to shareholders
  • Advanced Microsoft Excel
  • Experience with Microsoft Access
  • Working knowledge of SAP accounting

If you think you would be a good fit for this role, please apply within 48 hours to be considered

To find out more about Orgtel please visit

Orgtel, a trading division of SThree Partnership LLP is acting as an Employment Business in relation to this vacancy | Registered office | 1st Floor, 75 King William Street, London, EC4N 7BE, United Kingdom | Partnership Number | OC387148 England and Wales