Finance Manager, TALA
Office located in Central London (near Vauxhall)
Women's activewear
Posted today
Women's activewear
21-100 employees
Posted today
Office located in Central London (near Vauxhall)
21-100 employees
Company mission
To bring you sustainably-made activewear that delivers on performance, fit, quality and style, without the hefty price tag.
Role
Who you are
- This is an exciting opportunity for someone who is looking for their next challenge in a well-funded, fast paced, and high growth start-up!
- Have a passion for Retail and Finance
- Qualified Accountant with demonstrable PQE in a manager role within industry (ideally with a FMCG business) (ACA, ACCA or CIMA)
- Firm grasp of accounting standards and internal controls
- Strong team player and great communicator
- Exceptional organisational and analytical skills
- Systems experience ideal, but not required : Shopify, Xero and Zedonk
- Communicate proactively and productively in both oral and written exchanges
- Strong data analysis and financial modelling skills
- Advanced skills in MS Excel and Powerpoint
- Ability to work under pressure and to tight deadlines
- Systems transformation experience desirable but not required
What the job involves
- We’re looking for a Finance Manager to join our growing team in London
- This role reports into the Head of Finance, but you’ll be comfortable working autonomously
- You will work closely with our accountants to deliver financial results, forecasting, and overall Company financial reporting accuracy and deliverables
- We’re at a critical point in our journey, growing internationally and exploring new routes to market and this role will be pivotal in delivery of new projects planned over the next 3 years of our growth
- Provide insight and analysis to the business on Revenue, Margin and Operating Costs, analysing KPIs and influencing decision making
- Manage the outsourced finance function to deliver month end, statutory accounts and tax returns, accurately and on time
- Ownership of accurate and timely month end management accounts and commentary, quarterly board reporting and Monday Trade KPIs
- Approval of weekly payment runs and ownership of the cashflow forecast, to ensure that any variances to budget are managed and addressed with the relevant teams
- Preparing Payroll submissions to external payroll provider for HQ and Retail teams and approval of pay run
- Keep abreast of changing financial regulations and legislation
- Business Partnering with the Leadership team to lead the budgeting and reforecasting cycle
- Develop and maintain scenario models to assess financial sensitivity to business decisions and changes to the economic landscape
- Own the cashflow forecast and balance sheet projections and provide solutions to manage risks and opportunities
- Commercial Analysis and Decision Support
- Partner with cross functional teams to assess business cases, conduct cost-benefit analysis and decision support for CAPEX projects
- Develop new strategies to streamline processes and reduce costs
- Deliver regular insights on both online and retail performance, identifying risks and opportunities, whilst supporting sales and profitability growth
- Supporting systems development projects for finance and business teams
- Work with third parties to file monthly USA Sales Tax returns and EU IOSS VAT returns
- Supporting international expansion through efficient tax planning
- Controls & Audit
- Ownership of the internal control framework and championing a strong control framework across all departments. Provide first line approval for all business cases
- Liaison with external auditors and implementation of audit recommendations
Salary benchmarks
Our take
In recent years major clothing brands have fallen short of ethical standards, with their supply chains coming under scrutiny for poor working conditions and environmental violations. With the era of fast fashion coming to an end, socially conscious shoppers are voting with their feet. TALA was founded in 2019 to provide a sustainable option in activewear, offering ethically-produced, sustainable clothing at an affordable price.
The activewear industry boasts a global worth of £140B, and TALA enters this competitive landscape as one of many startups aiming for a share of the market. However, TALA distinguishes itself with several strengths not commonly found in its competitors: a substantial and passionate following on social media, commitment to ethically sourced and predominantly recycled clothing, and a pricing strategy that remains affordable for its target demographic.
With substantial funding under its belt, the company is earmarked for continued product development and the enhancement of its supply chain. With a dedicated customer base and strong support from the investment community, TALA is well-positioned to lead the charge for ethical transformation in the fashion industry.
Steph
Company Specialist at Welcome to the Jungle
Insights
21% employee growth in 12 months
Company
Funding (2 rounds)
Jul 2024
$6.8m
EARLY VC
Feb 2022
$5.7m
EARLY VC
Total funding: $12.4m
Company benefits
- Fun, energised, startup working culture
- Mondays and Fridays usually remote, Tues – Thurs at our Vauxhall office
- Work-life balance: Half fay Fridays, 25 days AL
- Clothing allowance and discount on the best athleisure in the game
- Beautiful and bright offices in a historic building in central London (near Vauxhall) with other startups on site
Company HQ
Holborn, London, UK
Leadership
Grace Beverley
(CEO)Also the founder and CEO of Shreddy as well as a Non-Executive Director at POGO. Previously worked as a New Client Acquisition Analyst at IBM.
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