Finance Manager

End Date Tuesday 23 May 2023 Salary Range £71,577 - £79,530
Agile Working Options Unable to Offer Agile Options Job Description Summary Overview
Lloyds Development Capital (“LDC”) is the private equity arm of Lloyds Banking Group (“LBG”). The LDC Group structure is a combination of corporate entities (operating/holding companies) and partnerships (funds and general partner).

LDC is the most active mid-market private equity investor, investing £2m-£100m in medium sized private companies with ambitious, entrepreneurial management teams with the objective is to realise capital gains by sale of these companies, typically within 3-5 years.

The Role
This is a hands on role and will be responsible for the corporate entities within the LDC Group. The Finance Manager will be responsible for liaising with various part of the business to provide management information and analytics for senior stakeholders, internal business stakeholders and the wider LBG Group. The candidate will form a solid understanding in private equity (both in business sense and operations), investor relations, and relationship management.

Reporting Line
Financial Controller

Reporting

• Responsible for preparation of management information/presentations for senior stakeholders including calculation of key return metrics and quarterly board packs.
• Key contact between the LDC and wider LBG Group.
• In addition to LBG, interaction with other business stakeholders include senior executives, deal executives, HR, risk, and legal.

Treasury Management

• Cashflow and working capital forecasting and management.
• Management of foreign exchange and interest rate risk.

Control Environment

• Management of month end process for the LDC Group.
• Maintaining LDC control environment whist also complying with LBG group minimum standards (GMS).
• Producing and maintaining monthly reconciliations to substantiate the month end balances.
• Complying with controls included on the One RSA (LBG risk register).
• Responsible for understanding and drafting regulatory submission including FCA returns and the Group RWA.
• Continuously development of internal controls to conform with best practice.

Overall

• Preparation of financial statements for corporate entities under IFRS.
• Management of the annual statutory audit for several of corporate entities within the LDC Group.

• Continuous of development of the infrastructure and controls environment to drive increased efficiency, effectiveness and cost management.
• Continuous review and maintenance of financial controls, focusing on the provision of quality management information and the integrity of the trial balance.
• Integration of multiple accounting systems with relevant understanding of underlying data and financials.
• Ad hoc analysis.

Requirements

• Qualified Accountant.
• Experience in management reporting and financial reporting.
• Relevant experience of centralised accounting within a multi office / business environment.
• Team player with strong and positive interpersonal skills
• Solid attention to detail and time management skills
• Strong communication skills (verbal, listening, writing)
• Strong financial management skills (including P&L, planning and budgeting)
• Strong organisation and analytical skills
• Strong problem-solving skills
• Ability to acquire and maintain relationships e.g., stakeholders, customers, vendors, investors.

We are an equal opportunity employer and deeply value diversity within our organisation.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Job Description Overview Lloyds Development Capital (“LDC”) is the private equity arm of Lloyds Banking Group (“LBG”). The LDC Group structure is a combination of corporate entities (operating/holding companies) and partnerships (funds and general partner). LDC is the most active mid-market private equity investor, investing £2m-£100m in medium sized private companies with ambitious, entrepreneurial management teams with the objective is to realise capital gains by sale of these companies, typically within 3-5 years. The Role This is a hands on role and will be responsible for the corporate entities within the LDC Group. The Finance Manager will be responsible for liaising with various part of the business to provide management information and analytics for senior stakeholders, internal business stakeholders and the wider LBG Group. The candidate will form a solid understanding in private equity (both in business sense and operations), investor relations, and relationship management. Reporting Line Financial Controller Reporting

• Responsible for preparation of management information/presentations for senior stakeholders including calculation of key return metrics and quarterly board packs.
• Key contact between the LDC and wider LBG Group.
• In addition to LBG, interaction with other business stakeholders include senior executives, deal executives, HR, risk, and legal.

Treasury Management

• Cashflow and working capital forecasting and management.
• Management of foreign exchange and interest rate risk.

Control Environment

• Management of month end process for the LDC Group.
• Maintaining LDC control environment whist also complying with LBG group minimum standards (GMS).
• Producing and maintaining monthly reconciliations to substantiate the month end balances.
• Complying with controls included on the One RSA (LBG risk register).
• Responsible for understanding and drafting regulatory submission including FCA returns and the Group RWA.
• Continuously development of internal controls to conform with best practice.

Overall

• Preparation of financial statements for corporate entities under IFRS.
• Management of the annual statutory audit for several of corporate entities within the LDC Group.

• Continuous of development of the infrastructure and controls environment to drive increased efficiency, effectiveness and cost management.
• Continuous review and maintenance of financial controls, focusing on the provision of quality management information and the integrity of the trial balance.
• Integration of multiple accounting systems with relevant understanding of underlying data and financials.
• Ad hoc analysis.

Requirements

• Qualified Accountant.
• Experience in management reporting and financial reporting.
• Relevant experience of centralised accounting within a multi office / business environment.
• Team player with strong and positive interpersonal skills
• Solid attention to detail and time management skills
• Strong communication skills (verbal, listening, writing)
• Strong financial management skills (including P&L, planning and budgeting)
• Strong organisation and analytical skills
• Strong problem-solving skills
• Ability to acquire and maintain relationships e.g., stakeholders, customers, vendors, investors.

We're dedicated to giving you opportunities and support to develop you both professionally and personally to optimise your potential! As a new colleague to the team, you’ll join us on our journey to build a 21st century bank that reflects modern Britain and craft an inclusive culture where all colleagues feel encouraged and valued. We're also passionate about diversity and equal opportunity with industry recognition across gender, ethnicity, disability, LGBTQ+ and families. And, being disability positive, reasonable adjustments can be accommodated in our Recruitment process, just let us know. We work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites. You'll also receive;

• A competitive salary.
• A discretionary bonus.
• Private medical insurance.
• Pension contributions up to a maximum of 15% of your salary.
• Share plans.
• 30 days paid holiday each year, plus Bank Holidays.

If you're excited by this role please apply as we'd love to hear from you. Together we’ll make it possible! 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.