Financial Accountant, 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
- Qualified Accountant
- Strong Excel skills
- Good knowledge of IFRS accounting standards and reporting processes
- Ability to work with others to find solutions to process and accounting issues
- Ability to develop robust controls and reconciliations
- 3+ years experience within Financial Services, specifically within consumer lending, or within a regulated environment
- Strong communication skills (verbal and written)
- Ability to work independently with minimal supervision
- Ability to work under pressure and adhere to deadlines
- Strong attention to detail
- Positive can-do attitude
- Strong ability to manage high volumes of work and be efficient at prioritising tasks
- 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 have experience working 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
What the job involves
- Reporting to the Group Financial Controller, you will be responsible for Salary Finance’s financial and regulatory reporting, helping the Group FC create the finance function of the future
- Prepare month-end journals as part of the month-end accounts close process
- Prepare Balance Sheet reconciliations, including key control analysis and undertaking variance investigations
- Assist in producing the month-end accounts to a high quality, in accordance with the financial control framework and to the agreed timetable
- Assist in the production of the Annual Financial Statements for three entities
- Assist with the audit for three entities: including providing supporting information and responding to audit queries
- Prepare quarterly VAT Returns and partial exemption calculations
- Proactively identify areas of process improvement and work with the Financial Reporting team to improve and automate processes
- Support the CFO and Group FC on ad-hoc strategic projects as required
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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