Commercial Director

  • Monzo
  • London, UK
  • Feb 15, 2019
Full time Finance

Job Description

We’re searching for an adaptable, innovative and caring Commercial Director  to inspire, develop and grow our FP&A function.

Monzo is an exciting combination of a bank and tech start-up, started from scratch in February 2015 to build a bank that makes money work for everyone.  We’re focused on solving problems, rather than selling financial products, making your financial life simpler, and giving you complete control from your smartphone.  

While we currently have around 1,000,000 customers, we’re dreaming of expanding around the world, so there are bigger challenges to come!  It’s entirely possible that our 500+ company will grow into the thousands in the next year or two.

Combining the learnings of some of the fastest growing tech companies in the world with your own unique approach, you will build an elite world class Finance team that fosters our open, collaborative, and inclusive working environment, embraces change, and loves to continuously learn.  You will enable Monzo to scale into a world-class, diverse and passionate group of people capable of effecting change across the globe.

You’ll spend your time:

  • Deputising for the CFO regularly, acting as a key advisor for ExCo and a leader within this team and the business
  • Setting the plan and developing, leading and executing a world-class financial planning and strategy function to own everything to do with forecasting from systems to helping ground our ambitions in solid commercials
  • Business partnering closely with the CEO and other senior stakeholders to ensure Monzo hits it’s strategic milestones and managing the performance of the business
  • Being a strong Commercial Business Partner to Monzo’s revenue generating departments and managing the growth of our cost base
  • Translating financial data into actionable insights and operating plans to support key stakeholders in driving the business forward
  • Building and coaching a team of Finance professionals to develop accurate and insightful analyses, fostering an elite culture of integrity and supportive challenge whilst identifying significant opportunities for improvement and efficiency across the business
  • Offering key strategic advice and analysis in relation to international expansion and effective growth strategy
  • Collaborating with cross-functional teams on major company initiatives including but not limited to, business model evaluation, cost-saving opportunities, vendor selection & negotiation, and operational efficiency
  • Building and maintaining strong relationships with the board and audit committee as well as banks, auditors, regulators, advisors, and other key stakeholders
  • Instilling a culture of continuous improvement throughout the Finance team and associated functions, including designing the team to scale effectively
  • Working with the CFO to prepare the business for an IPO in the medium term

You should apply if:

  • Solid experience at Commercial Director level (or equivalent) ideally with some P&L management experience
  • Strong commercial acumen, as well as demonstrable experience of understanding relationships between key financial and non-financial business drivers
  • Comfortable working with big data sets and rapidly translating results into meaningful analysis and incorporating into forecasts
  • Experience of managing business performance across multiple geographies and supporting international expansion
  • Have the ability to achieve results by taking initiative, setting lofty / realistic goals and holding Monzo accountable to execution
  • Relevant industry experience within Banking would be a huge plus
  • Experience with multiple financial accounting systems and rapid iteration/agile working would also be highly desirable
  • Excellent planning, organisation and time-management skills, as well as ability to multitask and lead several projects in a dynamic start-up environment
  • Excellent interpersonal  skills coupled with excellent presentation skills, both verbal and written
  • Ability to work with a high level of accuracy and meet strict deadlines in a fast paced, high pressure environment
  • ACA/ACCA or CIMA Qualified or MBA (or equivalent experience) an advantage
  • Advanced spreadsheet skills including financial modelling, pivot tables and other advanced formulae
  • Excellent stakeholder management skills across a range of functional areas
  • Excellent coaching skills with the ability to provide empathy and guidance to the other members of the finance team and ensuring their continuing development
  • You're curious, enthusiastic, adaptable, hands-on and excited by a rapidly-changing environment