Finance Manager, MyTutor
£50-60k
Personalised online one-to-one lessons
Job no longer available
Personalised online one-to-one lessons
1001+ employees
Job no longer available
£50-60k
1001+ employees
Company mission
To provide life-changing tuition to all.
Role
Who you are
- The successful candidate will be audit trained and either ACA or ACCA qualified
- 0-2 years+ of post qualification experience
- Good understanding of internal controls
- You must have an interest in the education sector
- An individual who is happy to work both as part of a team, independently, and have a strong interest in helping to develop other members of the team who are at the beginning of their Finance career
- Be comfortable running focus groups / meetings with non finance teams across the business
- Be Excel literate
- Be happy working within detailed, transactional data, and at a more holistic review level
What the job involves
- MyTutor are seeking a Qualified Accountant to join the team for a period of 6 months to support ongoing operations, support in the Statutory audit process and to assist in a company year end change
- The role sits within the Financial Control remit of the MyTutor Finance team, and will report in to the FInancial Controller
- Responsible for Monthly Balance Sheet Reconciliations
- Input into the monthly preparation of accounts
- Overseeing Payroll and Revenue postings
- Preparing materials for the Statutory Audit
- Scoping out and supporting the business with a planned change to their year end date
- Supporting junior team members across Accounts payable and Accounts Receivable
- The role can be split into 3 main areas: Management Accounts, Audit Readiness and Preparing for a financial year end date change
- Balance Sheet accounting and Reconciliations, traffic light reporting and working through any actions identified during month end
- Divisional P&L reporting - from speaking to individuals in teams across the business to ensure accuracy of reporting, to inputting into the Board Deck
- Preparing and posting Payroll Journals
- Calculating and reporting the month end Position
- VAT Return preparation
- Deep diving into the 2023 Accounts to collate key audit materials
- Payroll reconciliations (TB-Ledger)
- Working with other Teams such as IT, Product and People teams to obtain non finance data such as joiners / leavers listings
- MyTutors year end date is 31/12. We are seeking to change the year end date to align with the school year. Initial scoping, and then implementation of the changes
Application process
- 1st Round: Competency and skills based interview (1 hour via G-Meets)
- 2nd Round: A culture/ values based interview where both parties can iron out any final questions (1 hour via G-Meets)
Our take
Private tutoring is a huge market traditionally dominated by expensive agencies (who charge extortionate hourly rates and take a big cut from the tutors that work for them by acting as the middleman).
The average starting price for tutoring can hit £50 an hour in London, MyTutor’s prices start from a much more affordable £18 an hour (the company can charge this low by cutting out the middle man).
MyTutor has built technologies to make online tutoring sessions smooth (e.g. it built an online whiteboard and makes it easy to share documents and upload past papers). All sessions are recorded so you can also play them back when they've finished. Along with academic support, the company prides itself in building confidence and providing mentorship.
The online EdTech industry has really blown up over the past few years and it highlighted the need for an online service that helps fill the gaps in today’s education system by delivering personalised support tailored to the individual. As MyTutor is conducted purely online, it can now really focus on providing quality education to a much wider audience.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Sep 2021
$19.8m
LATE VC
Jun 2020
$5.1m
LATE VC
Total funding: $36.9m
Company benefits
- 🏠 Hybrid & remote working options
- 👋 A global network of flexible workspaces through Desana
- 🏥 Private Healthcare options (available after 3 months’ service)
- 🌎 Up to 80 days work abroad allowance
- 🧠 A wellness day off per year (on top of your 25 days holiday entitlement)
- 🗓️ Flexible bank holidays - If you don’t celebrate the standard UK Bank Holidays, use them for other religious/ spiritual holidays that mean something to you (This doesn’t mean using them to relax on a beach – sorry!)
- 🍕 Whole company events such as chocolate tasting and LUSH pampering
- 🧙♂️ Access to our mentorship scheme
- 🤝🏼 A wide range of communities: Diversity, Equity & Inclusion, Pride Network, Women’s Network and Neurodivergent Network
- 📑 Inclusive Policies that safeguard and enable LGBTQ+ staff to flourish
- ⏳ Workplace pension & salary exchange scheme - 3% workplace / 5% employee contribution
- 💷 £26 monthly working from home assistance
- 👀 Free eye test vouchers
- 🚴 Cyclescheme - Borrow money to purchase a bike and pay it back through salary sacrifice (Available after you pass probation)
- 💻 Tech Scheme - Borrow money to purchase tech/white goods and pay it back through salary sacrifice (Available after you pass probation)
- 🏋️Gym Benefits - Save money on your annual membership by paying in pre-tax instalments (Available after you pass probation)
- 👶🏼 Workplace Nursery Scheme - Save tax & NI on your child’s nursery fees through salary sacrifice (Available after you pass probation)
- 📕 Up to £350 annual personal Learning & Development allowance (Available after you pass probation)
- 🏝️ A 4 week paid sabbatical once you’ve been with MyTutor for 5 years, and an extra week on top of that for every subsequent 5 years you work with us (Available after you pass probation)
- 💪MyT Flex - This is a way of working your contracted hours in a more flexible way by focusing on core hours: this allows you to prioritise things like school drop-offs, caring responsibilities and commitments that matter to you. (This is available for non-customer facing roles)
- ☀️Throughout July and August, you can take up to 8 weeks unpaid leave - you might want to take one day, as annual leave feels a bit tight, or you might want to take the full 8 weeks and have a trip of a lifetime.
Company HQ
Spitalfields, London, UK
Leadership
Bertie Hubbard
(CEO)Started their career in finance, working for Goldman Sachs and Partners Capital.
James Grant
(Managing Director)Their previous experience lies in banking and founding TutorTap, before joining MyTutor.
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