Job Description

Requisition ID 36103


Office Country United Kingdom


Office City London


Division Finance - Strategy, Planning & Control


Contract Type Fixed Term


Contract Length 2 years


Posting End Date 26/09/2025

Purpose of Job

The Associate, Cost Management FP&A engages in cost-related client work for a number of departments within the Bank, within the Budget team's mandate of establishing the Bank's overall administrative and capital expenditure budgets and monitoring their execution as part of FP&A. The role provides direct support to the Associate Director, Head of Cost Management in work to challenge and advise budget holders in the use of their budgets and in preparing resource proposals and other specific analysis, as needed.


The Associate provides detailed expenditure analysis as part of the annual top-down budget process, productivity analysis, monitoring of budget execution. The Associate provides input to the preparation of specific sections of Bank documents issued to senior management and to the Board, including such as the Strategy Implementation Plan document incorporating the annual Budget document. The role requires maintaining the relevant policies, procedures and processes related to resource management, including budget and accounting guidelines and for staffing related issues.

Accountabilities & Responsibilities

Accountabilities and responsibilities for this role are to be carried out with a degree in independence under supervision of the Associate Director, Head of Cost Management


Active monitoring of business plan and budget execution of respective departments under client responsibility, reviewing directly with departments as necessary Provide first line advice and guidance to budget holders, providing some challenge and identification of risks. Develop specific resource analysis for Senior Management and the Board of Directors under the guidance of the Associate Director, Head of Cost Management Monitoring and reporting of expenses against agreed budgets on monthly basis and providing insight / commentary Undertake regular forecasts with the business and tracking of agreements and work with the business on resolving where deviations are likely Actively monitor on a monthly basis the business plan and budget execution, highlighting key variances and providing rationale for respective client groups Analyse cost performance on monthly basis and providing commentary / insight for management reporting Development and coordination of the annual budget proposal and forecast process Support the Head of cost management to develop cost allocation methodologies to support segmented P&Ls and cost KPIs (productivity, efficiency and effectiveness metrics) to support the business in understanding the cost base Performing tasks under cost management responsibility - review use of staff costs budget, regular tracking of contingency budget utilisation, use of management provisions, etc. Regular discussions and support to budget holders to understand and efficiently implement their budget Analysis of productivity across teams and other specific staffing queries to support more senior staff in the Cost management team Independently initiate and manage small projects of analysing resources or reviewing policies that fall under the responsibility of the Cost Management team and contribute to larger projects Involved in training of Budget Officers Undertaking financial modelling to support key strategic decisions This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs Constantly identifies ways for increasing efficiency and effectiveness namely by automating processes, improving data quality and adopting market best practices, hence freeing up resources for more added value activities such as business partnering and analytics

Knowledge, Skills, Experience & Qualifications

Proven experience in cost management issues Qualified accountant/ CFA qualified/ relevant Masters and/ or strong practical experience in Finance. Strong accounting knowledge and financial background. Excellent numeric and analytical skills Stakeholder management and negotiation skills Commitment to continuous improvement and proposing innovative solutions Strong knowledge of IT systems such as accounting packages, Excel and its use in modelling Relationship management skills Ability to work to deadlines and under time pressure whilst addressing the departmental priorities Strong drafting and presentation skills Excellent written and oral communication skills in English

What is it like to work at the EBRD? / About EBRD

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.





At EBRD, our Values - Inclusiveness, Innovation, Trust, and Responsibility - are at the heart of how we work. We bring these to life through our Workplace Behaviours: listening well and speaking up, collaborating smartly, acting decisively with full commitment, and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work, fostering a positive and high-performing environment.





The EBRD environment provides you with:


Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in. A working culture that embraces inclusion and celebrates diversity. Our workforce reflects a broad range of backgrounds, perspectives, and experiences, bringing fresh ideas, energy, and innovation and enhancing our ability to serve our clients, shareholders, and counterparties effectively. A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness. An environment that places sustainability, equality and digital transformation at the heart of what we do. A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits.




Diversity is one of the Bank's core values which are at the heart of everything it does. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, gender identity, sexual orientation, age, socio-economic background or disability.





Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).

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