Cost Distribution & Cost Business Partner - (9 month FTC)

End Date

Friday 28 August 2026

Salary Range

£67,023 - £74,470

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

An exciting opportunity has arisen to join the Commercial Banking Finance Cost Team.

Our Business Partners are Group Finance’s front line into the business. They think strategically and are trusted advisors to the group and its leadership teams. Business Partners provide challenge and insight and champion a culture of curiosity in order to truly understand the businesses they're supporting.

As the organisation continues to evolve, there is an increasing focus on cost distribution and ensuring financial information is understood, actionable and aligned to business priorities. This role offers the opportunity to influence strategic decision-making while developing a broad understanding of Commercial Banking, Group Finance and the wider organisation.

We actively encourage colleagues to broaden their experience through job rotation opportunities, exposure to new challenges and collaboration across Finance and the business. This provides a unique opportunity to build a diverse skillset, strengthen your network and gain exposure to a wide range of strategic, commercial and financial topics.

Job Description

What will I be doing?

• Build trusted partnerships across Finance, Business, Centres of Excellence and supplier management teams, acting as a key point of contact for cost-related insight and decision support.
• Lead and enhance cost distribution and cost transparency reporting, helping stakeholders understand how costs are allocated and consumed across the organisation.
• Provide effective challenge to allocation methodologies, assumptions and investment decisions, ensuring transparency, consistency and alignment to business objectives.
• Develop meaningful management information and reporting that translates complex financial information into actionable insight.
• Partner with stakeholders to identify opportunities to improve cost transparency, efficiency and decision making.
• Support strategic planning, investment decisions and forecasting activities through robust financial analysis and challenge.
• Drive continuous improvement, automation and innovation opportunities to simplify processes, improve transparency and enhance decision making.
• Take ownership for identifying risks, opportunities and actions that support improved financial outcomes.
• Present compelling and insightful financial narratives that influence decisions and support strategic priorities.

What you'll need

• Strong business partnering and stakeholder management skills.
• Ability to challenge constructively and influence decisions through insight.
• Experience analysing complex cost structures and translating data into meaningful business outcomes.
• Strong analytical and problem-solving capability.
• Commitment to continuous improvement, simplification and innovation.
• Excellent communication and relationship-building skills.
• Advanced Excel skills, with Power BI and planning tool experience desirable.
• Financial qualification or equivalent commercial experience and knowledge.

If you're looking for a role where you can build trusted partnerships, influence decisions and make a meaningful impact, 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.