Financial Reporting Senior Analyst New London

Monzo; City Of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A progressive banking institution is seeking a Financial Reporting Senior Analyst in London. This role requires a qualified Chartered Accountant with an audit background, focusing on financial reporting and process optimization. The employee will automate elements of reporting, support year-end processes, and ensure compliance with accounting standards. A flexible work environment is provided, along with a learning budget.

Benefits

Flexible working hours

£1,000 learning budget

Support for work-from-home setup

Qualifications

• Experience in financial reporting and control outside of practice.
• Understanding of the banking and regulatory landscape.
• Ability to translate complex information simply.

Responsibilities

• Write insightful management commentary on business products.
• Automate production elements of reporting.
• Evaluate new products and their accounting impacts.

Skills

Chartered Accountant

SQL skills

Financial Reporting

Audit background

Education

ACA or CA qualification

Job description

Overview

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 highly proactive, enthusiastic and commercially-minded Financial Reporting Senior Analyst to join our Financial Reporting team, and help us build a world-class finance function. This role would be well suited to a fully qualified Chartered Accountant with an audit background. We have exciting challenges coming up like system implementations, expanding into the European Union, climate change reporting, continuing to grow our customer base, 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 reporting processes with the help of technology. You\'ll join the Finance team and report to our Senior Financial Reporting Manager.

Responsibilities

• 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.
• Understanding our accounting system and make sure we are taking advantage of all its features to minimise manual elements of reporting.
• Being responsible for ensuring our financial reporting policies, procedures and controls are up to date, relevant and useful for Monzo and importantly are scalable.
• Supporting the full year end process, from drafting the annual report to working with external auditors until final sign-off.
• 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.
• Maintaining existing and developing new controls that protect our financial data and our balance sheet substantiation process.
• 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.
• Supporting on the production of ESG sustainability reporting and disclosures.
• Preparing monthly management and adhoc reports, offering meaningful analysis of movements.
• Reviewing and assessing the accounting impact of new contracts, working closely with the business and legal team before contracts are signed to establish the correct accounting treatment.
• Supporting tight processes with our internal finance team to ensure a swift month-end close process.
• Resolving miscellaneous inquiries and supporting the overall finance team wherever needed - from forecasting and valuations, to bank transfers and tax policy research.
• Being a qualified chartered accountant (ACA or CA) with an audit background, and ideally having some experience in financial reporting and control outside of practice.
• Having an interest in the banking and regulatory landscape, and a good understanding of key financial controls.
• Being a self-starter and enjoy tackling what needs doing, whether it\'s making a bank transfer or pulling together reports for investors.
• Being comfortable translating complex information into simple words for people with diverse backgrounds.
• Interest in using data (SQL skills would be a bonus).
• Thriving in a dynamic and constantly evolving environment.

Nice to have

• Experience in a listed company or financial services regulated environment.
• US reporting/SOX compliance.
• Strong business partnering/commercial financial acumen.
• ESG reporting/audit of sustainability information (carbon footprint, CFD/CSRD).

What\'s in it for you

• This role is based in our London office and we aim to come in as a team twice a week (usually Tuesdays and Wednesdays). We\'re open to distributed working within the UK (with ad hoc meetings in London) if required.
• Flexible working hours and trust to work enough hours to do your job well, 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

• Phone call with the Recruiter
• Initial video call with hiring manager (30 mins)
• Technical video call/ meeting with hiring manager and stakeholder (45 mins)
• Behavioural interview (45 mins)

This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!

We have 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. You can also use this email address to let us know if there\'s anything we can do to make the process easier because of disability, neurodiversity or anything else.

For more insight into the hiring experience at Monzo, check out our blog post.

We\'ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don\'t miss out.

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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