Finance Business Advisor - Cost Consolidation

ING Group

Brussels, Belgium

Role & work environment

Within ‘Finance’, the team is part of the CoE Cost Management and Advice, which is managing the end-to-end cost chain of the bank (from Request to pay to forecasting).

The role is going to be involved in two areas, on side will work on the COO area (Chief Operations Office), and on the other on the whole ING Belgium Cost Consolidation, with a specific focus on cost control, actuals reporting and forecasting/budgeting.

You will join a dynamic team that:

is in the driving seat for the actuals and forecasting process for expenses and FTE for some departments of COO and for the whole cost base of ING Belgium;
provides regular reporting and strategic advice to the COO and COO senior management;
maintains a strong relationship with various other internal stakeholders (sourcing team, other Finance teams…);
For the Cost consolidation part will be involved in strict cooperation with all the other departments.

A day in the life of a Finance Business Advisor

This job covers Finance Advice activities and you will be at the center of the activities for part of the cost base of COO Belgium, for both local expenses and for services purchased from other ING locations (Hubs). Domains to be covered include important ones like KYC, Data Management, Transformation Office, SBO, Tribe Doc & Content Services and Fraud Prevention.

On the Cost Consolidation side, the tasks will be slightly different, but still focused on making sure the total cost of the bank are properly reported, aligned between the different systems and explained to the relevant stakeholders.

This role requires good process management skills, acquiring confidence in dealing with various finance systems and coordination with other departments within Finance and COO, as well as good stakeholder management when dealing with COO MT.

As as Finance Business Advisor for the COO/Cost Consolidation domain you will:

interact with the COO department and senior management on a regular basis;
Follow the actuals of some COO departments and prepare their costs and FTE Forecasts and Budget;
analyze the trends and bringing advice to management;
be involved in other important processes like the cost allocation to products and segments, sourcing initiatives and new projects;
be eager to look for possible efficiencies in our processes and to improve them;
for the Cost Consolidation part will be involved in interactions with your finance colleagues of other departments to make sure that the total costs of Belgium after consolidation are correct and can be explained;
The Cost consolidation team delivers periodic high-level overviews (flash/actuals/forecast/DP) to key stakeholders in the bank (ExCo, Group, MBB…), so it is important to have an eye for details without losing the ‘big picture’ and deliver a convincing storyline.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

You are a colleague who will bring fresh ideas to the table, has a strong strategic compass and is able to embrace challenges in a fast changing and complex environment. You love to challenge the status quo and are eager to propose creative solutions to problems, and you are able to cope with tight deadlines.

You are a self-starting and critical individual. You have an eye for details without losing the ‘big picture’, which enables you to present a convincing storyline.

Furthermore you have:

A degree in economics, finance or equivalent;
An analytical mind and intellectual curiosity that you combine with a sincere interest in banking and market development;
A proactive and autonomous attitude that translates into flexibility when deadlines are due;
3-5 years’ experience in a (business) control or management accounting position is a plus;
Excellent communication skills (verbal and written) in English;
Advanced Excel and Powerpoint skills;
Experience in translating data analysis into sound advice that you’ll be able to combine with providing independent strategic advice to senior management.

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