Head of Accounting & Payroll, Thredd
FTC
3-4 days a week in office (Holborn, London)
Issuer processing partner
Be an early applicant
Issuer processing partner
201-500 employees
Be an early applicant
3-4 days a week in office (Holborn, London)
201-500 employees
Company mission
To transform the world through true partnerships and smart payments to revolutionise the future of finance, together.
Role
Who you are
- Professional accounting qualification with industry experience
- ▪ Strong knowledge of IFRS and GAAP accounting principles
- ▪ Experience managing full cycle accounting processes and financial close
- ▪ Experience overseeing payroll processes and associated compliance
- ▪ Proficiency in NetSuite or similar accounting systems
- ▪ Advanced proficiency in Microsoft Excel, Word and Power BI
- ▪ Experience managing or supporting junior team members
What the job involves
- We’re looking for a Head of Accounting & Payroll to join Thredd in London on a fixed-term contract basis for 10 months
- You’ll play a key role in our Finance team, taking ownership of core financial operations as we continue to scale globally
- In this role, you’ll oversee the day-to-day running of the accounting function, ensuring accurate reporting, strong controls and efficient processes
- You’ll own the monthly close cycle, ensuring financial information is delivered accurately and on time
- You’ll also play a key role in managing payroll operations, coordinating tax compliance and supporting treasury activities
- Working closely with teams across the business, you’ll help ensure financial processes support operational decision making while driving improvements through automation and stronger controls
- This is an opportunity to shape and strengthen the financial foundations of a business operating at the centre of the global payments ecosystem
- Managing the monthly financial close process, ensuring accurate reporting and reconciliations
- ▪ Overseeing day-to-day accounting operations, including cash management and accounts payable
- ▪ Leading the end-to-end global payroll process, ensuring accuracy, reconciliation and compliance
- ▪ Coordinating tax compliance processes with external advisors across VAT, GST, ERS and Corporation Tax
- ▪ Managing the 13-week cash flow forecast and supporting treasury planning
- ▪ Improving accounting processes and controls through automation and operational improvements
- ▪ Managing relationships with auditors, payroll providers and internal stakeholders across the business
Salary benchmarks
Our take
Embedded banking, or Banking-as-a-Service, has been a major driver of the fintech explosion. It allows challengers and smaller players to rapidly incorporate novel financial products and infrastructure without building from scratch - and major players to keep pace with increasing consumer demand for fintech services. Thredd (formerly Global Processing Services) focuses on paytech, with a tranche of services including major areas like payments, wallets, fraud prevention, and crypto management.
This diverse offering across high-growth fintech sectors has helped Thredd draw in hefty funding, and key clients across the key fintech markets of Europe, Asia-Pacific, and the Middle East, including Revolut, Curve, Cape, and Starling Bank.
This shows quite how far Thredd has managed to capture significant market penetration, which has given it the resources to continue building out key new products. With more non-fintech businesses looking to leverage the benefits of embedded banking, this could see Thredd expand into further markets such as insurance and loans. Certainly, Thredd has both the momentum and the valuation to take the plunge into other lucrative verticals.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-7% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jan 2022
$100m
LATE VC
Oct 2021
$300m
LATE VC
Total funding: $450.5m
Company benefits
- 25 Days annual leave
- Option to buy 5 days annual leave
- Pension scheme
- Private Medical
- Life Insurance
- Green Car Scheme
- SmartTech
- Volunteer time
- Season Ticket Loan
- Cycle to work Scheme
- Long Service Awards
- Retail Discounts
- Tax-Free Childcare Vouchers
- Flu Vaccinations
- Flexible benefits (Better you fund, Revitalise you Fund, Money Coach, Expanded Private Medical, Critical Illness)
Company HQ
Holborn, London, UK
Leadership
Jim McCarthy
(CEO)Currently Advisory Board Member at Car IQ, MagicCube and TreviPay. Also Strategic Advisor at Kyck Global.
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