Finance Assistant, Salary Finance
Financial wellbeing employee benefits platform
Job no longer available
Financial wellbeing employee benefits platform
201-500 employees
Job no longer available
201-500 employees
Company mission
Salary Finance is on a mission to dramatically reduce the cost of borrowing for working people by collecting repayments via salary deduction.
Role
Who you are
- You are passionate about technology and social impact, and want to help grow a business that delivers a meaningful difference to society
- You have an analytical mind with a can-do, problem solving aptitude
- You are eager to learn in a high growth environment. - you will thrive if you are a self-motivated, fast-paced, action oriented, “roll your sleeves up and get-things-done” sort of person who wants to work in a small team where everyone makes a difference
- You are calm under pressure, can handle changing priorities and are an excellent communicator
- Degree education or equivalent
- Are studying towards becoming a qualified accountant
- Have prior experience working in a finance department (not essential)
What the job involves
- Reporting to the Financial Controller, you will assist in performing day to day finance processing tasks such as process invoices, book journals, perform monthly reconciliations and set up payruns
- There's plenty of opportunity for development and you will get great exposure working with stakeholders internally and externally
- Manage the Finance Email Inbox for invoices, supplier statements, queries
- Post invoices into Xero (our General Ledger System), ensuring correct cost and project coding
- Learn and apply the correct VAT treatment to invoices
- Reconcile supplier and customer statements, dealing with all queries
- Perform bank reconciliations
- Prepare pay-run files ensuring all payments have been approved
- Support accruals and prepayment preparation
- Check expenses claims to receipts and against travel policy
- Assist with the monthly reconciliation of control accounts
- Ad hoc tasks if required to support other members of the Accounting Department at month-end
Salary benchmarks
Our take
Whether a function of genuine care or increased efficiencies, companies are increasingly looking to secure the financial wellness of their employees. Salary Finance delivers a suite of products for this purpose, all integrated into employers’ payroll systems.
Offering a range of financial wellbeing products, Salary Finance is unique for its unusually low default rate, which arises from the security of deducting repayments directly from a borrower’s salary, and the extra information it gains about its customers by tapping into their HR systems. Originating in the UK, the company expanded to the US to bring low-cost loans to working Americans. Its US arm has since merged with FinFit to form the "pre-eminent financial wellness platform" in the US.
Though Salary Finance faces significant competition from other startups like Neyber and Wagestream, which are also attempting to fix the "payday problem", few have been able to effectively provide as impressive a range of options as this startup. There is every reason to assume the company will build on its past success and forge a path into a favourable future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Dec 2020
$27m
SERIES D
Apr 2019
$32.8m
SERIES C
Total funding: $138.7m
Company benefits
- Company bonus scheme
- 25 days holiday with an extra day off on your birthday
- Hybrid working arrangements so you can work from the office and from home with a budget to help you get set up
- Pension and life assurance, and an annual allowance to spend on medical insurance, health cash plan, denplan, gym memberships, etc.
- Enhanced policies that are family and pet friendly, to include company sick pay and Peternity leave
- Annual personal learning budget
- Great career development in a fast paced environment
- Regular company socials
- Volunteer days as part of our CSR program
- Being part of a collaborative and entrepreneurial team working in our brand new, purpose-built offices
- More great perks to include complimentary fresh fruit weekly, cycle to work, help to save and much more!
Company HQ
Shepherd's Bush, London, UK
Leadership
Asesh Sarkar
(Co-Founder & CEO)President and Co-Founder of FinFit. Has worked in senior roles at Detica, PA Consulting Group, and Deloitte.
Dan Cobley
(Co-Founder & Chairman)Has worked in senior roles at Google, Capital One, and Santander. Previously founded ClearScore.
Daniel Shakhani
(Co-Founder)Executive Chairman of the Harvard Human Flourishing Florens Global Program. Has experience working for Goldman Sachs, RBS, and Opportunity Network.
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