Finance Manager

MAGIC; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading fitness tech company in Greater London is looking for a finance professional to join their team. As the first full-time hire in finance, you will lead the month-end closing process, prepare financial statements, and assist in fundraising. The ideal candidate has 4-5 years of accounting experience, is a qualified accountant, and has strong knowledge of UK GAAP and financial modeling. This role offers a competitive salary, unlimited holiday, and flexible hybrid working arrangements.

Benefits

Competitive salary

Share Options

Unlimited Holiday

Flexible Home/Hybrid Working

Free Magic mirror

Mental Health Wellbeing support

Hardware budget

Professional learning & development budget

Weekly free lunch club

Daily free barista coffees

Qualifications

• 4-5 years of accounting experience required.
• Strong technical knowledge of UK GAAP, VAT, Corporation Tax, and Payroll.
• Experience in D2C or eCommerce businesses.

Responsibilities

• Lead the month-end closing process and prepare financial statements.
• Oversee general ledger operations and manage cashflow forecasts.
• Assist the CFO with budgeting, financial modeling, and fundraising.

Skills

Accounting experience

Financial modeling

Attention to detail

Communication skills

Analytical skills

Education

Qualified accountant (ACA, ACCA, CIMA, CPA or equivalent)

Tools

Xero

Job description

MAGIC is redefining what it means to work out from home. Our AI-powered fitness Mirror combines world-class hardware, computer vision, and real-time coaching to bring the experience of a personal trainer into people’s living rooms. Using advanced AI, MAGIC counts your reps, corrects your form, and motivates you through every session - making home fitness more personal, intelligent, and engaging than ever before.

We’ve recently been named one of Europe's Hottest Startups, voted 'one of the best inventions of 2024' by TIME magazine and partnered with world-class athletes like Jesse Lingard and Desiree Henry, and Strictly Come Dancing's Katya Jones to create the next generation of AI-led fitness content.

If you have an interest in fitness, AI and direct to consumer brands, this is the perfect role for you.

As the first full-time hire in the finance team, you will report to the fractional CFO and get to hone your experience across the spectrum of finance - from leading the month-end closing process to delivering accurate and financial statements in a timely manner, from assisting the CFO with fundraising across the spectrum of debt and equity to collaborating with your peers in marketing to ensure we are growing profitably with a focus on unit economics. You will be responsible for building a best-in-class finance function.

Key Responsibilities

• Responsible for the month-end closing process including timely and accurate preparation of financial statements and payroll
• Oversee general ledger operations and run revenue to cash reconciliations
• Identify opportunities to scale the finance function and drive automation in a rapidly growing scale-up environment
• Effective cash management and cashflow forecasts to ensure business is optimising its working capital
• Assist the CFO in financial modeling, budgeting and fundraising
• Deliver insightful analysis of monthly financial results, investigating variances between actuals and budget with a focus on growth vs profitability and the relevant KPIs
• Work with your peers in supply and demand to model out strategic projects with a view to influence positive business outcomes

• 4-5 years of accounting experience
• Qualified accountant (ACA, ACCA, CIMA, CPA or equivalent)
• Strong technical knowledge of UK GAAP, VAT, Corporation Tax (R&D claims incl), and Payroll
• Proven experience managing month-end processes & hands-on experience with Xero
• Strong financial modeling and analytical skills
• Experience working within a fast growing D2C or eCommerce business and a good understanding of the relevant KPIs
• Excellent attention to detail and organisational skills
• Proactive, self-starter attitude, comfortable with ambiguity and excellent communication & presentation skills

Desirable

• Interest in automation, technology & process improvement
• Experience in consumertech and fundraising (debt, equity, working capital)
• Experience with launching in the US

• Competitive salary.
• Share Options in the company.
• An impact from day one. Our business is scaling by the day. You'll work on ambitious projects, and your contribution will significantly impact the success of MAGIC AI now and in the future.
• Unlimited Holiday (self-directed time off)
• Flexible Home/Hybrid Working from our London HQ (At least 2 days WFH per week)
• Free Magic mirror
• Mental Health Wellbeing support
• Hardware budget for brand new Macbook or other
• Professional learning & development budget
• Weekly free lunch club and daily free barista coffees (in office)
• All. The. Fun. Regular awesome socials.