Job Posting Title
Director of Strategic Finance
Salary Band
Competitive
Grade: FS
About the Role
Reporting to the Chief Financial Officer, the Director of Strategic Finance will lead the financial direction, challenge and decision-making across all strategic initiatives for the Newcastle Building Society Group.
This role will play a central part in supporting the CFO and wider Group to define and model a range of strategic outcomes, drawing on both internal expertise and external market insight. You will bring thoughtful challenge to the current state and provide strong financial guidance to support the organisation’s journey towards its target future state. This is a unique opportunity to shape meaningful change and make a lasting impact across the Society.
You will also provide leadership across several key finance functions, including Decision Support. In doing so, you will help foster a forward-looking, insight-led culture that enables confident, well-informed and value-focused decision-making across the business.
About You
You will be a trusted strategic finance partner, building strong relationships with a wide range of senior stakeholders and offering clear financial advice alongside constructive and balanced challenge.
Working collaboratively with Group Finance colleagues and business leaders, you will help shape and align strategic priorities, ensuring decisions deliver sustainable organisational value while recognising key considerations such as capital and liquidity.
You will contribute significantly to the evaluation of a broad spectrum of strategic options—from incremental change through to more significant transformation—within the Recovery and Resolution Plan, supported by robust financial modelling and scenario analysis. You will also support the creation of clear, insightful reporting and presentations for the Board and senior leadership, helping to build a shared understanding of performance and future direction.
In leading a team of Strategic Finance Partners, you will create an inclusive, high-performing environment where individuals feel supported to grow and succeed. You will develop trusted professionals who can bring strategic thinking to life through practical, actionable plans and strong partnerships across the organisation.
You will work closely with Finance, Commercial and ALM teams to strengthen forecasting, modelling, pricing and corporate planning processes, while continuing to evolve financial tools and scenario analysis within the budgeting and long-term planning cycles. Through thoughtful review of performance and forecasts, you will provide forward-looking insights that inform both immediate decisions and longer-term strategy.
Acting as a deputy to the CFO on strategic initiatives, you will bring confidence and credibility to executive-level discussions and play a key role in shaping plans over a three- to five-year horizon and beyond.
About Us
Group Finance
Our functional vision is built on leadership, partnering for value, building specialised teams and ensuring our technology roadmap is based on future focused systems.
The Financial Operations & Control function brings together all operational activities and centres of excellence within Finance. This includes everything from closing the ledger, through to regulatory reporting and technical accounting, as well as accounts payable and payroll.
As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return? As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:
Financial
Corporate bonus scheme (on target 20%, up to a maximum 30%)
Pension scheme (up to 9% employer contribution)
Annual performance related pay reviews
Colleague mortgage scheme
Electric car salary sacrifice scheme
Life assurance (4x salary) and income protection
Access to our financial advisers
Access to a range of high street and online discounts
Work/Life Balance
A 35-hour weekly contract - We are happy to talk flexible working and welcome discussions
30 days’ annual leave + bank holidays
Theoptionto buy and sell up to 5 days’ holiday
Hybrid working (typically 3 days’ home based)
Above statutory family leave entitlement - 3 months full pay, 3 months half pay, regardless of gender or route to parenthood
Health and Wellbeing
Private medical insurance
Access to a health cash plan through a Medicash scheme
Access to an employeeassistanceprogramme
Free onsite gym at our Cobalt head office and access to discounted gym’s
Two paid volunteering days’ each year
Cycle to work scheme
Recognising there’s no one-size-fits-all approach to recruitment, we’re committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you, you can contact your Recruiter for this vacancy at kate.wilkinson@newcastle.co.uk
Company:
Newcastle Building Society
Newcastle Building Society has provided trusted financial products and services for more than 150 years. As one of the biggest building societies in the North East, we’re still small enough to care deeply about our members, employees and the communities we serve.
Our Head Office sits at Cobalt Business Park in North Tyneside, with high-street branches across our region.
Because we’re committed to the principles of mutuality, it means we put our customers and the communities we serve first. We pride ourselves on our friendly, knowledgeable service that starts and finishes with a smile.
