Finance Control Analyst

Monzo; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

Monzo is seeking a proactive and enthusiastic accountant to join their finance team in London. This role involves managing financial accounting processes, implementing new systems, and working closely with various teams to optimize efficiency. Ideal candidates will have an audit background and a passion for the banking sector.

Benefits

£1,000 learning budget each year

Flexible working hours

Work-from-home setup support

Qualifications

• Qualified or soon to qualify accountant with audit background.
• Experience in financial accounting and control preferred.
• Interest in banking and regulatory landscape.

Responsibilities

• Manage month-end close process and group consolidation.
• Automate production elements of the role with engineering teams.
• Assist with implementation of new accounting system.

Skills

Financial accounting

Audit background

SQL skills

Education

Qualified accountant

Job description

We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers!

We’re not about selling products - we want to solve problems and change lives through Monzo ️

We're looking for a proactive, enthusiastic and commercially-minded accountant to work on our financial accounting, and help us build a world-class finance function. This role would be well suited to a qualified, or soon to qualify, accountant with an audit background.

We have some really exciting challenges coming up like systems implementation, expanding into the European Union, continuing to grow our customer base, keep growing our lending business and adding to our marketplace. You’ll work on scaling Monzo in a controlled way, while helping us optimise our financial accounting processes with the help of technology. You’ll join the Finance team and report to our Financial Control Manager.

• Managing a tight process with our internal Finance team to ensure a swift month-end close process (e.g. managing accruals schedules, calculating effective interest rate adjustments, liaising with our Tax team to post their numbers, etc) and group consolidation
• Understanding the business and our products to write insightful management commentary
• Working with our engineers and data teams to automate the production elements of this role, allowing you to focus on the parts of the role where your knowledge and skills provide the most value
• Assisting with the implementation of our new accounting system to make sure we are taking advantage of all its features to minimise manual elements of reporting
• Learning SQL skills to run reports and propose solutions that make our processes efficient and scalable
• Maintaining existing and develop new controls that protect our financial data and our balance sheet substantiation process
• Supporting our year end process working with external auditors and our Financial Reporting squad
• Reviewing new products, assessing the accounting and implementing them in our banking platform and accounting system
• Working with the business to assess the impact of changes in accounting standards and make proposals on accounting policy matters for new products launched
• Helping maintain the integrity of our chart of accounts and financial static data
• Resolving miscellaneous inquiries and support the overall finance team wherever needed - from forecasting and valuations, to bank transfers, transfer pricing and tax policy research!
• You’re a qualified accountant with an audit background, and ideally have had some experience in financial accounting and control outside of practice. Knowledge of banking would be an asset
• You’re fascinated by the banking and regulatory landscape, and have a good understanding of key financial controls
• You’re a self-starter and enjoy tackling what needs doing, whether it’s making a bank transfer or pulling together reports for investors
• You’re comfortable translating complex information into simple words for people with diverse backgrounds
• You’re interested in using data (SQL skills would be a bonus)
• You thrive in a dynamic and constantly evolving environment
• What we’re doing at Monzo excites you!

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!

What’s in it for you

This role can be based in our London office, but we're open to distributed working within the UK (with ad hoc meetings in London)

We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.

The application journey has 3 key steps

• Initial Interview with the Hiring Manager
• Behavioural Interview
• Role Specific Interview

This process should take around 2-4 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo.You can read them here.

You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to [e-mail] You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

#LI-TP2

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog , 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage

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Our goal at Monzo is to make money work for everyone. To do that, working at Monzo must work for everyone. We want to create an equitable, engaged and innovative workplace which gives people from all backgrounds the support they need to thrive and grow.

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