Accountant, Banked
Global payments network
Job no longer available
Global payments network
101-200 employees
Job no longer available
101-200 employees
Company mission
To deliver a fairer, faster and highly secure payment network to merchants and consumers.
Role
Who you are
- Bachelor's or higher degree in Accounting or Finance (or related) field
- 2+ years of accounting experience in a startup, corporate, consulting, or audit capacity
- Strong Excel skills, including data tables, pivot tables, v-lookups, etc
- Demonstrated knowledge of accounting and financial systems, processes, and all applicable accounting and tax standards
- Excellent written and verbal communication skills
- Strong accuracy, attention to detail, investigative, and analytical skill
- Ability to manage multiple concurrent responsibilities – prioritize effectively and deliver results with an ownership mentality
- You’re eager to learn and grow in a fast-paced, exciting startup environment
What the job involves
- We are looking for an adaptable Accountant to execute transactionally and strategically on the financial aspects of running a business—someone who can drive process improvement, enhancing the speed and accuracy of Banked’s financial reporting
- Manage end-to-end billing, revenue recognition, accounts receivable, and accounts payable process
- Assist with the month-end close process, including account reconciliations and maintenance of monthly support schedules
- Provide direct support for successful annual audit and tax work
- Assist with the implementation of accounting procedures, systems, and controls
- Identify, design, and assist in implementing strategic enhancements to drive financial data accuracy and expediency, including reconciliations, controls, internal process improvements, technology upgrades, etc
- Proactively contribute to our growing finance and accounting function, with a distinct focus on systems, process, and scalability
- Assist in analyzing financial trends and variances to improve data accuracy and escalate opportunities for financial upside (revenue upside, cost reductions, etc.)
- Work cross-functionally within the organization to compile and enhance financial / SaaS metrics tracking, reporting, and visibility
Salary benchmarks
Our take
Banked's software lets consumers, businesses and banks process payments faster, more cheaply and more securely. Leveraging open banking technology, merchants and customers are able to receive money from transactions as they happen, no longer having to wait days and weeks to see the funds.
Banked is already integrated with most UK banks including Barclays, HSBC and Santander, as well as challenger banks such as Monzo and Starling. To leverage the Banked checkout system, businesses simply need to embed the company’s API into their checkout process. Individuals can use the free Banked app to create payment links to request money from anyone, without sharing personal banking details.
One of Banked’s key challenges will be to convince consumers to switch to this new way of paying. The company's self-stated competitors are huge enterprises, including Visa and MasterCard, who have built immense financial empires by charging high fees. That said, the industry support for the company's pay-by-bank model is clear, as it boasts an impressive list of partners and collaborators. It has also raised significant funding, the latest of which is being used to accelerate US expansion and grow its team.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Nov 2022
$15m
SERIES A
Feb 2022
$20m
SERIES A
Total funding: $40.2m
Company benefits
- Udemy Training
- Spill Unlimited Therapy Sessions
- Volunteering Days
- Competitive 26 Day Holiday Allowance
- Fund a Goal — Employee Awards
- WFH Allowance
- Global Meet Ups
- Value Ambassadors + Incentives
- Flexible Working
Company HQ
Soho, London, UK
Leadership
Brad Goodall
(Co-Founder & CEO)15 years experience in finance. Co-founded 10x Future Technologies, a next-generation core banking business model.
Neil Ambler
(Co-Founder & COO)Experience in M&A and business consulting.
Ellen (Thornhill) Fernandes
(Co-Founder)Experience in strategy and innovation around the world.
Patrick Cox
(Co-Founder)Founder of Everything Set. Currently the Creative Advisor for Loom.
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