Financial Controller, Bits
More information about location
5 days a week in office (Camden, London)
Store card for building credit
Be an early applicant
Store card for building credit
21-100 employees
Be an early applicant
More information about location
5 days a week in office (Camden, London)
21-100 employees
Company mission
To promote financial inclusion by providing a path to credit for those neglected by mainstream lenders.
Role
Who you are
- Education: Bachelor’s degree in Finance, Accounting, or a related field; CPA or equivalent preferred
- Experience: 5+ years of experience in financial management, including 2 years in a supervisory role, preferably in the fintech sector
- Technical Skills: Proficiency in financial software (ERP systems, Excel); experience with accounting standards (GAAP, IFRS)
- Knowledge: Strong understanding of accounting principles, financial analysis, and compliance regulations
- Leadership: Proven ability to lead, motivate and develop teams
- Analytical Skills: Exceptional analytical and problem-solving skills, capable of managing complex financial data
- Communication: Excellent communication skills, able to present financial concepts and recommendations effectively to diverse audiences
- If you are passionate about finance and eager to contribute to a growing company, we would love to hear from you
What the job involves
- As our Financial Controller, you’ll be integral to managing our financial operations and ensuring the accuracy of our financial reporting
- You'll oversee budgeting, forecasting, and compliance, playing a vital role in our continued growth and success
- This position requires a proactive leader who can navigate challenges and implement effective financial strategies
- Financial Reporting: Prepare accurate monthly and annual financial statements, including profit and loss, balance sheets, and cash flow reports
- Budgeting & Forecasting: Lead the budget preparation process, analyze variances from the budget, and consult with relevant departments to address discrepancies
- Compliance: Ensure compliance with all legal and regulatory requirements, liaising with external auditors and regulatory bodies
- Internal Controls: Design and implement effective financial controls to reduce risk and ensure data integrity
- Team Leadership: Supervise and mentor members of the finance team, promoting a culture of efficiency, accuracy, and continuous improvement
- Strategic Planning: Collaborate with the executive team to align financial goals with business strategy, providing insights and recommendations grounded in financial analysis
Application process
- Please submit your resume and a brief cover letter outlining your relevant experience and why you are a great fit for this role
Salary benchmarks
Our take
Oftentimes, the advice to those with low credit is to build it up with the careful use of high-interest credit cards. However, this comes with the obvious downside of being high risk as well as high reward. Bits, instead, helps people with low credit to improve their scores with a subscription store card that lets them access in-store savings while quickly raising their credit score.
Millions of people in the UK have difficulty accessing financial services due to their credit scores, so it is no surprise that a number of other startups like Pockit and Portify have emerged offering alternative products for this underserved group. Bits, however, stands out for its unique approach that doesn’t put people into any debt at all - with the company making no money on interest.
As Bits has grown, it has expanded its product and now reports to Equifax and TransUnion on top of Experian. Boasting 300,000 users and a strong rating on Trustpilot, it is clear the company has already made an impact and it will be interesting to see what it does in the future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Sep 2020
$0.2m
SEED
Oct 2018
$0.2m
SEED
Total funding: $0.3m
Company benefits
- A competitive market salary
- 28 days holidays/ year incl. UK/ England public & bank holidays
- Private Healthcare plan (if you want one)
- Work with the Founder directly. Travel with him occasionally. Participation in the options plan once it goes live
Company HQ
London, UK
Leadership
Faisal Khalid
(Founder & CEO)A Harvard graduate in Economics, Faisal has over a decade of experience in major payment companies such as American Express. More recently, they founded Paysnapp, an online payment service for low income migrant workers which was acquired by VFD bank.
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