Balance Sheet Reconciliation Specialist, Salary Finance
6 month Fixed-Term Contract
Financial wellbeing employee benefits platform
Job no longer available
Financial wellbeing employee benefits platform
201-500 employees
Job no longer available
201-500 employees
Company mission
Salary Finance is on a mission to dramatically reduce the cost of borrowing for working people by collecting repayments via salary deduction.
Role
Who you are
- Education: Bachelor’s degree in Accounting, Finance, or a related field. Professional qualification (ACA, ACCA, CIMA, CPA, or equivalent) is highly desirable
- Experience in a similar accounting or finance role, with significant focus on balance sheet reconciliation
- Proven experience in designing and implementing new financial processes and controls
- Demonstrable expertise in advanced Excel/Google (e.g., Pivot Tables, complex formulas, Power Query) and experience with large ERP systems (e.g., SAP, Oracle, NetSuite)
- Exceptional attention to detail and a strong commitment to accuracy
- Excellent problem-solving and analytical skills, particularly in data manipulation and variance analysis
- Strong communication skills, both written and verbal, to document processes and manage stakeholders
- Fearless, and able to make the impossible possible
- Responsible, and want to help build a business that delivers a meaningful difference to society
- Dedicated and want to commit to an exciting journey even through the highs and lows
- Empathetic and truly care about every colleague and customer
- United, because you understand we achieve more when we work as a team
- Humble, and take feedback as a way to continuously improve
What the job involves
- We are seeking a highly motivated and detail-oriented Balance Sheet Reconciliation Specialist for a 6 month fixed term engagement
- The primary focus of this role is to design, build, and operationalise a robust daily balance sheet reconciliation process to enhance financial control, accuracy, and reporting efficiency
- This is a critical project requiring strong technical accounting skills, data manipulation expertise, and an ability to implement sustainable process improvements
- Analyse existing month-end balance sheet reconciliation procedures and identify gaps that prevent daily reconciliation
- Design a clear, scalable, and efficient daily reconciliation framework for all key balance sheet accounts (e.g., Cash, Accounts Receivable, Accounts Payable, Intercompany, Fixed Assets)
- Develop detailed procedural documentation and training materials for the new daily process
- Implement the newly designed daily reconciliation process, ensuring all accounts are reconciled and fully supported by source data
- Investigate and resolve all reconciling items in a timely manner, escalating material discrepancies immediately
- Work with the IT/Data teams to identify and secure reliable daily data feeds necessary for the reconciliations
- Liaise with Core Finance and Operations teams to understand transactional flows and integrate reconciliation requirements into upstream processes
- Provide regular updates on project status and key risks to senior management
- Identify and implement tools (e.g., Excel models, internal systems, Power BI reports) to automate or semi-automate aspects of the daily reconciliation
Application process
- Phone call with our Talent Manager - 20 mins
- Phone call with Hiring Manager - 30 mins
- In person interview with Hiring Manager, Head of Department, Stakeholder, and / or Team including a business case study - 90 mins
Salary benchmarks
Our take
Whether a function of genuine care or increased efficiencies, companies are increasingly looking to secure the financial wellness of their employees. Salary Finance delivers a suite of products for this purpose, all integrated into employers’ payroll systems.
Offering a range of financial wellbeing products, Salary Finance is unique for its unusually low default rate, which arises from the security of deducting repayments directly from a borrower’s salary, and the extra information it gains about its customers by tapping into their HR systems. Originating in the UK, the company expanded to the US to bring low-cost loans to working Americans. Its US arm has since merged with FinFit to form the "pre-eminent financial wellness platform" in the US.
Though Salary Finance faces significant competition from other startups like Neyber and Wagestream, that are also attempting to fix the "payday problem", few have been able to effectively provide as impressive a range of options as this startup. There is every reason to assume the company will build on its past success, and forge a path into a favourable future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Dec 2020
$27m
SERIES D
Apr 2019
$32.8m
SERIES C
Total funding: $139.7m
Company benefits
- Company bonus scheme
- 25 days holiday with an extra day off on your birthday
- Hybrid working arrangements so you can work from the office and from home with a budget to help you get set up
- Pension and life assurance, and an annual allowance to spend on medical insurance, health cash plan, denplan, gym memberships, etc.
- Enhanced policies that are family and pet friendly, to include company sick pay and Peternity leave
- Annual personal learning budget
- Great career development in a fast paced environment
- Regular company socials
- Volunteer days as part of our CSR program
- Being part of a collaborative and entrepreneurial team working in our brand new, purpose-built offices
- More great perks to include complimentary fresh fruit weekly, cycle to work, help to save and much more!
Company HQ
Shepherd's Bush, London, UK
Leadership
Asesh Sarkar
(Co-Founder & CEO)President and Co-Founder of FinFit. Has worked in senior roles at Detica, PA Consulting Group, and Deloitte.
Dan Cobley
(Co-Founder & Chairman)Has worked in senior roles at Google, Capital One, and Santander. Previously founded ClearScore.
Daniel Shakhani
(Co-Founder)Executive Chairman of the Harvard Human Flourishing Florens Global Program. Has experience working for Goldman Sachs, RBS, and Opportunity Network.
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