Financial Reporting & Tax Manager, Cleo
+ equity
1-3 days a week in office
AI personal finance assistant
Posted today
AI personal finance assistant
201-500 employees
Posted today
+ equity
1-3 days a week in office
201-500 employees
Company mission
To help millions of people improve their financial health, and relate to them in a way their banks never could.
Role
Who you are
- Professional accounting qualification (e.g., ACA, ACCA) with strong post-qualification experience (+3 years)
- In-depth knowledge of IFRS and experience preparing financial statements in compliance with these standards. US GAAP knowledge is a plus, but not essential
- Demonstrated experience in managing UK, US, and global tax compliance
- Excellent project management and organizational skills, with the ability to manage multiple priorities and meet tight deadlines
- Strong analytical and problem-solving skills
- Effective communication skills, with the ability to convey complex financial information to non-finance stakeholders
- Proactive and resourceful, with a drive to improve processes and systems
- Previous experience in a fast-paced technology, SaaS, or start-up environment is highly desirable
What the job involves
- Cleo AI is seeking a highly skilled and detail-oriented Financial Reporting and Tax Manager to join our growing finance team
- This is an opportunity to manage, shape and improve the accuracy, compliance and effectiveness of Cleo’s financial reporting and tax processes
- You’d work collaboratively with a wide range of internal teams, as well as external stakeholders including advisors, auditors and investors
- Lead the preparation of internal and external investor financial reports, including monthly, quarterly, and annual reporting packages for management and investors
- Prepare Cleo’s audited group financial statements under International Financial Reporting Standards (IFRS)
- Lead on our US entity financial statements preparation and audit under US GAAP
- Collaborate and own the annual audit process, as well as developing and implementing internal controls
- Partner with other teams (e.g., Strategic Finance, Operations) to support strategic decision-making and provide insight into Cleo’s financial performance
- Manage Cleo’s tax compliance processes across the UK, US, and other jurisdictions, ensuring timely filing of all tax returns and payments
- Liaise with external tax advisors to ensure compliance with UK corporate tax, US Federal and State tax
- Monitor changes in tax legislation across all relevant jurisdictions, assessing their impact on Cleo’s operations and advising the business accordingly
- Support transfer pricing compliance and documentation across the group
- Develop and maintain robust processes for financial reporting and tax compliance to support Cleo’s scaling operations
- Train and mentor junior finance team members in areas of reporting and tax compliance
- Drive continuous improvement initiatives in reporting, systems, and processes
- Work closely with the Strategic Finance team to align financial reporting with forecasts
- Collaborate with Legal, People, and Operations teams to address tax and accounting implications of business decisions and global expansion plans
- Act as a key point of contact for investors and external stakeholders regarding financial and tax reporting matters
Salary benchmarks
Our take
People are increasingly not satisfied with the products being offered by traditional banks, which have proven slow to react to the needs of younger consumers who expect more from their everyday experiences.
Cleo was one of the first companies to make great use of chatbots that sit within Facebook's messenger app. This chatbot-first approach and Gen Z user base have given it strong virality. It now has millions of registered users, 99% of which are based in the US, leading to a decision to take a year break from the UK market to focus on its US Gen Z customers. And after a successful year in the US its now eyeing up a return to the UK.
Its Series C funding will help the company to double down in the US, where it will make a significant increase in employee headcount, and enable Cleo to maintain and expand its service during an economic downturn.
Financial advice delivered via bots is a crowded space, so Cleo benefits from having a strong brand presence. It has gone for very bold, fun, Gen Z-focused messaging which helps it to stand out from competitors such as Emma, Plum, and Chip.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Nice people
"Cleople are unmatched. The vibes, the energy, the friendships. I genuinely love my colleagues and have developed real-life friendships. I don't know..."
Funding (last 2 of 5 rounds)
Jun 2022
$80m
SERIES C
Dec 2020
$44m
SERIES B
Total funding: $137.5m
Company benefits
- Learning and development
- Mental health support
- Agile working
Company values
- Make it Happen
- Learn at Speed
- Bring Good Vibes
Company HQ
London, UK
Leadership
Barnaby Hussey-Yeo
(Founder & CEO)Previously a Data Scientist at Wonga, one of the companies that pioneered the smart use of data for loan decisions. Joined Entrepreneur First where Cleo was formed.
Diversity, Equity & Inclusion at Cleo
Annie Jackson (Head of Talent )
- We’ve set up an internal committee of truly passionate people that are dedicated to ensuring Diversity and Inclusion is embedded in how we all operate as a team. We agree on meaningful actions, and get on with implementing them. We have three main focuses right now, which are:
- 1) Improving SocioEconomic diversity across the company
- 2) Increasing the number of women in Leadership roles
- 3) More community outreach
- Check out our 2022 Diversity and Inclusion report, here: https://web.meetcleo.com/blog/cleo-diversity-equity-and-inclusion-report-2022
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