Senior Cost & Commercial Manager - Construction and Design - GCOO

To manage and optimise third-party supplier costs for the Real Estate Services function at HSBC. This role is essential for ensuring that supplier costs are aligned with contractual commitments and budgetary constraints, whilst also driving additional value. The role holder will leverage their financial expertise and experience in managing supplier costs to develop and implement strategies, frameworks, and tools that enhance cost management and control. The ideal candidate will possess a strong financial background, hold professional finance and/or accounting qualifications, and have prior experience in managing supplier costs to budget. This position requires a proactive approach to identifying risks and opportunities, ensuring effective budget oversight, and contributing to the overall financial health of the organisation.

High-Level Activities

• Collaborate with procurement, finance, and external supplier teams to ensure contracts are delivering services in the most cost-efficient way.
• Regularly monitor and analyse supplier costs against contractual obligations and budgetary targets.
• Develop and maintain financial models to forecast supplier costs and assess the impact of potential changes.
• Oversee and advise Value Stream Lead and RES Head of Cost Management on financial contract changes, which are in the best interests of HSBC.
• Lead initiatives to streamline third party financial control processes and improve cost management practices.
• Ensure that the invoices from key suppliers reconcile with purchase orders and contractually committed costs and ensure that they are in line with goods/services received, and within agreed budgets.
• Engage with stakeholders across the organisation to align supplier cost management with broader business objectives.
• Play a key role, challenging where necessary, at relevant governance forums to ensure contractual and budgetary compliance.
• Attend Global Supplier Governance meetings and potentially regional and local meetings, where applicable.
• Support RES regional finance leads in ensuring third party contract accruals are fit for purpose.
• Support the preparation of papers to Real Estate governance forums.
  
  

Qualifications

• A bachelor's degree in finance, accounting, economics, or a related field is preferred.
• Experience working in finance, accounting, or a related field is essential.Certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Management Accountant (CMA) are preferred.
• Experience in cost management, budgeting, and financial analysis is essential.
• Experience in commercial management is desirable.
• Proficiency in financial software and tools such as Excel, SAP, Oracle, or other financial management systems.
• Strong analytical, and financial analysis skills.
• Understanding of financial regulations, tax and cross border payments
• Familiarity with cost accounting principles and practices.
• Excellent communication and interpersonal skills.
• Strong organisational and problem-solving abilities.
• Ability to work collaboratively in a cross functional team environment including Finance, the market team and the supplier partners.
• High level of accuracy and attention to detail in financial reporting and analysis