About the job

The Senior Commercial Finance Analyst will be sitting within the Commercial Finance team and is required to conduct financial analysis and due diligence of the supplier charges in preparation for the service go live dates and beyond. The post holder will work closely with colleagues in the NS&I commercial function to ensure agreed commercial outcomes are delivered and value for money is demonstrated

The post holder will be required to build relationships with strategic suppliers, analyse data presented by suppliers and challenge when necessary. The role will enable strategic decision-making surrounding Business Transformation Programme deliverables with the provision of timely, accurate and robust financial management information. The role will involve work closely with colleagues across the business such as the Commercial, Financial Control Unit and Project Team. The role will have exposure to Corporate Planning, P&L forecasting and budgeting, supporting the wider finance team as required.

Person specification

Essential experience

• Experience of developing and delivering financial models to enable forecasting & planning
• Extensive experience of providing financial assurance
• Experience of independently challenging costs in a dynamic commercial environment
• Experience of making recommendations and influencing people to deliver business goals
• Desirable - experience of providing financial advice in a complex programme

Essential qualifications

• Fully qualified accountant (CCAB or CIMA) with post qualification experience

Essential skills

• Strong communication skills with the ability to communicate complex information to non-financial colleagues across the business
• Strong team player, able to build effective relationships with key stakeholders

Essential technical knowledge

• Strong analytical skills, ability to interpret complex commercial information and determine the business implication
• Strong computer skills with advanced skills in Microsoft Excel and experience of planning and budgeting tool

Behaviours

We’ll assess you against these behaviours during the selection process:

• Changing and Improving
• Communicating and Influencing
• Making Effective Decisions

BenefitsAlongside your salary of £52,300, National Savings and Investments contributes £15,151 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

NS&I is one of the largest savings organisations in the UK with more than 24 million customers and over £218 billion invested. We are both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back more than 150 years to 1861.

A small company with a big reach, we offer a range of benefits including flexible working, great opportunities for development and a generous pension scheme. We care for colleagues, respect one another, invest in our people and manage talent effectively.

Some benefits of working at NS&I include:

• Learning and development tailored to your role
• An environment with flexible hybrid working options
• 9 day fortnight scheme
• A culture encouraging inclusion and diversity
• A Civil Service pension with an average employer contribution of 97%
• Generous annual leave - starting at 25 days, increasing to 30 days
• Performance related variable pay bonus
• Enhanced maternity, paternity, adoption and shared parental leave

Things you need to know Selection process details This vacancy is using Success Profiles , and will assess your Behaviours and Experience.

To apply, please click the link on this advert and follow the steps to complete the application form.

In your application you will be asked to provide the following:

• An outline of your career history and qualifications with your key responsibilities and achievements.
• A 750 word personal statement on the key essential experience listed below
• Experience of developing and delivering financial models to enable forecasting & planning
• Extensive experience of providing financial assurance

We will assess applications on your personal statement.

If shortlisted, you will be invited to attend a 1-hour panel interview via Microsoft Teams .

Additionally, you will be asked to attend an assessment to test your excel skills.

Interviews will take place from the week commencing Monday 14th April 2025.

Note we are unable to accept CVs.

This role is subject to Baseline Personnel Security Standard and financial credit checks.

Reserve List

A reserve list may be held for a period of 12 months from which further appointments can be made.

Working for NS &I

NS&I is currently working in a hybrid way with colleagues expected to work in the office for 40% of their working month and this will be increasing to 60% of their working month in early 2025. If you are applying to work in London, the role is currently based in Sanctuary Buildings, Great Smith Street, SW1P 3BT and in early 2025 it is anticipated that NS&I will be moving out of Sanctuary Buildings and into our new NS&I London office location, Riverside House, 2a Southwark Bridge Rd, London SE1 9HA.

Any move to NS&I from another employer will mean you can no longer access childcare vouchers. This includes moves between government departments. You may however be eligible for other government schemes, including Tax-Free Childcare. Determine your eligibility at https://www.childcarechoices.gov.uk/.

If you are applying for a role at the same NS&I band as you are currently and the advertised salary of the role is higher, if you are successful, any salary increase will be at the discretion of NS&I and will be reviewed as part of the next annual pay review, in accordance with the NS&I employee handbook.

Note to existing permanent employees at NS&I - Please be aware that if you are a permanent employee appointed to a fixed term role, our recruiting principles ensure you will retain your permanent status at the end of this contract. However, you are not guaranteed to return to your original role. At the conclusion of this fixed term period, you may be redeployed to another suitable role at NS&I, offered retraining or will be given priority mover status to find another role in the civil service.

NS&I employees on a fixed term contract moving to another fixed term role, will continue to be employed for a fixed term to the end date of this role. You may apply for suitable roles within NS&I or the civil service.

Further information

Please visit our website http://nsandi-corporate.com/about-nsi for further details about NS&I.

Feedback will only be provided if you attend an interview or assessment.

Job Type: Full-time

Pay: £52,300.00-£56,000.00 per year

Additional pay:

• Performance bonus

Benefits:

• Bereavement leave
• Company pension
• Cycle to work scheme
• Employee discount
• Free flu jabs
• Health & wellbeing programme
• Private dental insurance

Schedule:

• Monday to Friday

Work Location: Hybrid remote in London SW1P 3BT

Reference ID: 395716