Job Description - Cost Transformation Manager (15835)
JOB DESCRIPTION
Cost Transformation Manager
COMPANY
With over 300 aircraft flying over 1,000 routes to more than 30 countries, we’re the UK’s largest airline, the fourth largest in Europe, and the tenth largest in the world. Flying over 96 million passengers a year, we employ over 14,000 people. Our scale today is unrecognisable compared to where we started out 25 years ago, but our transformation isn’t finished yet – and we want you to play a part in that.
When it comes to innovation and achievement there are few organisations with a better track record. Join us and you’ll be able to play a big part in the success of the next stage of our journey, as we bounce back from the biggest challenge in our history, stronger and better than ever.
When you fly with us, you’ll see we have bags of passion for travel and getting you to your destination with the best experience possible. Working in our non-flying roles is no different, and our culture, known as our Orange Spirit, is a real thing. We work hard and laugh loud. We roll our sleeves up and we get stuck right in. We lead the industry in data, digital, web, engineering, and operational innovations, to make travel easier and great value for our customer.
We know that flexibility, balance, and wellbeing are more important than ever right now. Whether that’s working remotely, part time, or needing extra support when times are tough, we are always happy to talk about flex.
Different perspectives and experiences add value to the way we do business. Giving a ‘warm welcome for everyone’ is at the heart of what we do every day regardless of gender identity and expression, race, disability, age, sexual and/or romantic orientation, religion, and nationality – because it’s clear to us that our people set us apart.
We take sustainability seriously. We’re acting on carbon now, as the first and only major airline in the world to offset 100% of our direct carbon emissions as well as stimulating the development of radical new technologies to ultimately achieve zero-emissions flying in the future.
TEAM
The Cost Transformation Office plays a pivotal role in driving our low cost model and delivering our low cost strategy. Our ambition is to deliver improvements to our relative market cost position. Following launch as the Edge Programme in FY23, and two years of successful over-delivery, we are targeting more than £500M initiative delivery over the next five years, enabling us to continue to make travel both easy and affordable.
The team is tasked with providing the governance and delivery mechanism necessary to deliver these goals. This involves elements of financial analysis and project management, as we partner with the business to help them understand what really drives their largest costs, prioritise and plan the most impactful initiatives, and facilitate tracking and reviews to maximise the benefits.
While a part of the FP&A department, the Cost Transformation Office works with cost and project owners across all parts of the business - flight operations, ground handling, customer, engineering and procurement - just to name a few.
JOB PURPOSE
To help us engage with senior management and project owners across the business, and support them in meeting their transformation targets, we are looking for a Cost Transformation Manager to join our team. Reporting into easyJet’s Head of Cost Transformation, this role has a specific focus on ensuring that P&L areas have developed cost improvement plans in place and that each initiative is set up to successfully drive financial impact to the bottom line.
JOB ACCOUNTABILITIES
People Leadership, Relationships, and Influence
1. Maintaining effective and influential cross-functional relationships within Finance and with directors and project owners across wide parts of the organisation.
2. Developing a collaborative working relationship with Finance Business Partners assigned to the same areas of the business.
3. Support the development of a strong cost culture, championing our ‘always challenge cost’ in partnered P&L lines.
Accounting and Control
1. Providing analysis regarding valuation estimates as input to selected initiative business cases.
2. Collating a concise, executive-friendly summary of each initiative’s purpose, timing, and expected benefits.
3. Calculating and facilitating stakeholder agreement on KPI baselines, in an industry with complex seasonality and event-driven effects. Agreeing consistent and realistic KPI targets and forecasts with the business.
4. Developing estimates of targeted financial benefits based on improvements in measurable input drivers.
5. Manage forecasting and actuals tracking method consistent with targeted financial benefits, that isolates impact from background fluctuations.
6. Supports the annual re-baselining process to ensure that delivered improvements are appropriately and consistently accounted for in consecutive reporting periods.
7. Prepares monthly initiative reporting into each Functional Leadership Teams (i.e. OLT, FLT) and AMB.
Strategy & Performance Transformation
1. Refining initiatives and support development of specific and actionable work plans, through collaboration with project owners across the business.
2. Building deep understanding of processes and drivers of cost within allocated departments, and conducting trend and variance analysis to identify and prioritise initiatives as part of annual target setting cycle.
3. Actively participate in identifying areas for improvement and providing data-driven insights that inform process optimisation efforts, collaborating with other departments to support change that enhances efficiency.
4. Facilitating targeted initiative generation workshops to drive innovation, looking at best airline practice, as per the Transformation Office’s process and methodology.
5. Supporting business leaders in preparing and conducting effective monthly reviews of their department’s Transformation Program performance, to drive necessary prioritisation, escalation, and action.
6. Maintain rolling 5YRP pipeline of future initiatives to inform 5YR planning and strategic decision making.
Project Work
1. Ad-hoc project work to include understanding drivers of cost, cost benchmarking versus competitors, fleet-up gauge analysis, automation & AI workstream support… and more broadly anything that helps improve our cost performance and culture.
Requirements of the Role
COMPETENCIES
1. Ownership and Delivery. Has a clear focus to deliver results, working to targets, reviewing progress and adapting their plans accordingly, motivating themselves/the team to achieve.
2. Business Performance. Understands business and external environment, is cost conscious and understands the longer-term perspective and implications of decisions.
3. Process Mapping and Understanding. Can contribute to performance enhancement by understanding and mapping out existing processes to identify potential areas for improvement.
4. Innovation and Change Management. Is open to new ways of doing things and questions existing approaches, views change as an opportunity, and understands the complexities of organisational change, comfortable working in a dynamic and ambiguous environment.
5. Building Relationships. Expresses ideas confidently and clearly, builds positive and constructive relationships with others, gets to know colleagues within their own team and supports them to ensure team goals are achieved.
KEY SKILLS REQUIRED
1. Professional qualification in a commercial or technical discipline.
2. Experience working with projects, business improvement, or change management program is useful but not essential.
3. Ability to identify, quantify, and articulate financial benefits to non-financial stakeholders.
4. Ability to build relationships and influence that enable you to challenge stakeholder inputs, and holding them to account for the integrity of their submissions.
5. Intermediate to advanced Microsoft Office skills.
6. Cost experience is preferred, cost interest is essential.
BENEFITS
1. Up to 20% bonus.
2. 25 days holiday.
3. BAYE, SAYE & Performance share schemes.
4. Life Assurance.
5. Flexible benefits package.
6. Excellent staff travel benefits.
LOCATION & HOURS OF WORK
This full-time role will be based in Luton and will be 40 hours per week. We support hybrid working and we spend three days per week in the office.
MP2
#LI-TA1
Business Area
Finance
Primary Location
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