Accounts Payable Accountant, Moneyfarm
6 Month Fixed Term Contract, Part Time
Digital wealth manager
Job no longer available
Digital wealth manager
201-500 employees
Job no longer available
201-500 employees
Company mission
To provide investment solutions and advice to protect and grow client wealth through time.
Role
Who you are
- 1 year previous experience in an accounts payable function
- Knowledge of bookkeeping and accounting principles
- Good team player with confidence to communicate effectively across all levels of the organisation
- Experience using or knowledge of an ERP system (Oracle Netsuite particularly) would be a plus
- Organised and methodical, with the ability to work with minimal supervision, prioritise and work around deadlines
- Enthusiastic about working in a growing Fintech company
- Fluent in English, spoken and written
What the job involves
- With the support of the finance team, the role will have the following responsibilities:
- Acting as internal and external AP liaison for UK supplier relationships
- Recording of UK supplier invoices in the company ERP system (Oracle Netsuite), including review of GL and tax coding for accuracy
- Management of purchase orders raised by various teams, including reconciliation with invoices and following up with the responsible individuals across the company where there are variances
- Responsible for preparing regular supplier payment runs for internal review and uploading of the payments on the bank portal for approval
- Assisting in:
- Management and monthly reconciliation of all UK bank accounts
- Management of UK credit cards, including regular reconciliations and other controls
- Preparation of the quarterly UK VAT returns
- Manage month-end activities in a timely manner
- Regularly update the UK fixed asset register
- Provide ad-hoc assistance during the annual audit
Salary benchmarks
Our take
Historically, investing was seen as only being for the wealthy. The rise of investment fund platforms changed that, but the 'beginner' investor market was still underserved.
Moneyfarm and their competitors (like Nutmeg) try to make investing in shares accessible and easy. They have a low minimum investment compared to larger asset managers and charge lower fees.
While there is plenty of space in this market for more than business (much like with banks), it will be important for players in this space to stay competitive and maintain a strong brand.
With more than 90,000 investors (a number that is growing fast), the company has over £2.5 billion invested on its platform. In addition to continued funding rounds (including a £44 million raise in early 2022), Moneyfarm has continued to make acquisitions, which have positioned the company well to see continued rapid growth.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 8 rounds)
Jan 2022
$58.2m
LATE VC
Sep 2019
$44.8m
SERIES C
Total funding: $185.2m
Company benefits
- Flexible working
- Private healthcare
- Fee-free investment on Moneyfarm products
Company HQ
Angel, London, UK
Leadership
Giovanni Daprà
(Co-Founder & CEO)Worked as an Associate at Deutsche Bank for five years.
Paolo Galvani
(Co-Founder & Board Member)20 years experience in finance, including VP and Managing Director roles at Morgan Stanley and Deutsche Bank, respectively.
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