Financial Controller

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

Job Description

We’re searching for an ambitious, innovative and caring leader to inspire, develop and grow our Finance team.

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 help 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, and helping to prepare the business for IPO in the medium term
  • Supporting the CFO in building out the Finance function, identifying the critical elements of the Finance blueprint and developing the overall target operating model for Finance
  • Ensuring Monzo builds a world class accounting and reporting function and taking responsibility for an effective and highly automated financial control environment across all our businesses
  • Taking responsibility for preparing our annual report and accounts, monthly consolidated financial statements and our monthly board and investor reporting packs - This will include developing robust approaches to key accounting judgements and estimates as well as developing financial control framework and account substantiation to support the Board’s sign off and approval
  • Managing and delivering on our regulatory reporting commitments, including management of multiple banking licences across different jurisdictions and regulators
  • Identifying and proactively resolving key accounting issues and identifying opportunities for Monzo, including continuous review of our accounting policies and their implementation
  • Designing, building and implementing world class financial systems to support and automate our reporting and MI as we expand internationally and increase the complexity of the group
  • Ensure robust technology driven linkages between our systems of record and our forecasting, facilitating real time automated updating of our forecasts and MI
  • 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
  • Managing, supporting and developing more junior members of the team to actively train and improve staff knowledge and empower colleagues to take the next step in their careers

You should apply if:

  • ACA/ACCA or CIMA Qualified (or equivalent)
  • Solid experience at Financial Controller level, to include: people management, core technical accounting (under IFRS), and commercially focused budget management
  • Experience of managing reporting across multiple geographies and building and integrating systems to support international expansion required
  • Experience in establishing new processes and procedures in very short timeframes and clear track record of simplifying existing processes
  • 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
  • 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