Senior Analyst, Monzo
Financial Planning & Analysis Reporting & Consolidation
£65-75k
+ Share Options
1-2 days a week in office
Digital-only bank platform and marketplace
Posted today
Digital-only bank platform and marketplace
1001+ employees
Posted today
£65-75k
+ Share Options
1-2 days a week in office
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- Have demonstrable experience in financial consolidation and reporting, particularly working with senior leaders
- Are qualified through a relevant professional qualification or equivalent experience
- Hold strong financial modelling (advanced Excel/Google Sheets) experience
- Have great analytical & problem solving skills, with the ability to identify trends, issues and recommend actions
- Hold good interpersonal & influencing skills, ability to engage across various internal functions to develop, get buy-in and deliver outcomes across teams
- Have the ability to confidently present data in a meaningful and effective way; understanding the needs of the end users and tailoring presentations to their requirements
- Have experience building strong, trusted relationships with stakeholders
- Have experience building business cases, presenting and debating investment choices
- Demonstrate ability to be hands-on and enjoy supporting colleagues, projects or tasks both big or small
- Have strong attention to detail and organisational skills, able to support with developing new processes and streamlining existing processes to create efficiencies
What the job involves
- Our Finance team is growing and we are looking for a detailed & collaborative FP&A Reporting & Consolidation, Senior Analyst to join our team
- You will work as part of a team that manages the P&L and Balance Sheet on a Global level and helps the businesses make strategic financial decisions, while also working closely with several key stakeholders such as Investor Relations, Financial Reporting and the US/Europe teams
- As our FP&A Reporting & Consolidation, Senior Analyst, you will be instrumental in supporting Monzo's growth aspirations and ensuring we meet our P&L commitments
- This role involves partnering with various business units to analyse the performance of our products across different geographies
- The ideal candidate will be adept at both detailed data analysis and strategic big-picture thinking, and comfortable supporting new business initiatives
- Oversee all forecasting and analysis for Monzo Group, including the annual budget, interim forecasts, and multi-year plans
- Prepare management information, insights, and reports for the senior leadership team, identifying emerging issues and potential future challenges
- Support the development of strategic and tactical initiatives
- Independently build relationships and collaborate across the business to provide financial perspectives
- Ensure financial management aligns with both short-term and long-term business plans
Application process
- Phone call with recruiter (30mins)
- Video interview with a team member from the FP&A team (30 mins)
- Video interview with senior finance manager (30 mins)
- Video interview with Finance Leadership member (45 mins)
- Our average process takes around 3-4 weeks but we will always work around your availability
Salary benchmarks
Our take
Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.
Monzo remains one of the popular online banks, with more than 6 million active users. The company faces competition from more traditional banks, such as Goldman Sachs and JP Morgan, which have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.
With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).
After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$462m
LATE VC
Total funding: $1.9bn
Company benefits
- Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
- Flexible working hours
- Work From Home Opportunities + we'll pay for any equipment you need to do your job
- 24 days holiday a year, plus bank holidays
- Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
- Employee Assistance Programme
- Learning budget of £1,000 a year
- Aviva Pension Scheme + 4% Employer Contribution
- Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
- 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
- 3 months of secondary caregiver leave at 100% pay
- Unum Life Insurance
- Access to fertility and family-forming health benefits via Fertifa
- Abellio Season Travel Tickets + Cycle-to-Work Scheme
Company HQ
City of London, London, UK
Leadership
TS Anil
(CEO)Also a Board Member at Accion. Previously Board Member at UK Finance, Global Head of Payments, Products & Platforms at Visa and was the Global Head of Retail Products at Standard Chartered Bank.
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