Payroll & Equity Associate, Cleo AI
£40-45k
Salary includes base + equity
More information about location
AI personal finance assistant
Job no longer available
AI personal finance assistant
501-1000 employees
Job no longer available
£40-45k
Salary includes base + equity
More information about location
501-1000 employees
Company mission
To change the world’s relationship with money.
Role
Who you are
- Degree (or equivalent) in Finance, Accounting or a related field
- 2-3 years experience of working in a payroll position, either in-house or via an external payroll provider
- UK payroll experience is essential, exposure to the US or other geographies is an advantage
- Previous experience supporting equity programmes (options, RSUs or similar)
- Proactive and solutions-driven with a “get things done” mindset
- Detail-oriented and organised
- Experience of working within a fast-scaling (tech) business is a plus
- If you’re driven by complex challenges that push your expertise, the chance to shape something truly transformative, and the potential to share in Cleo’s success as we scale, while growing alongside a company that’s scaling fast, this might be your perfect fit
- Given that this team is London-based, we’d prefer someone who is able to spend a day or two a week in the office!
What the job involves
- Cleo is growing fast, and we’re excited to expand our Finance team with this brand-new role
- This is a unique opportunity to drive (arguably!) one of the most important functions in any company - making sure our people are paid accurately and on time
- You’ll report directly to the Head of Finance, collaborate closely with one of our Management Accountants, and work cross-functionally with our People Operations and Legal teams
- This role offers both responsibility and variety, giving you the chance to make a tangible impact on our employees’ experience while supporting Cleo’s continued growth
- Ownership of global payroll operations, ensuring accurate, timely processing and compliance with tax and statutory requirements
- Manage relationships with external payroll providers in some of our locations
- Oversee payroll schedules, reconciliations and any related reporting
- Maintain the company’s cap table and ensure the accurate accounting of options, grants and exercises
- Partner with the Legal and People team on grant issuance, vesting events and stakeholder communications
- Collaborate with People Operations to ensure accuracy in employment contracts, parental leave, transport schemes and other benefits, as well as leaver processing
- Support with audit and company valuation processes with accurate payroll and equity data
- Serve as the primary point of contact for employee payroll and equity related enquiries
- Contribute to ad-hoc payroll, equity and wider finance projects as needed
Salary benchmarks
Our take
People are increasingly not satisfied with the products being offered by traditional banks, which have proven slow to react to the needs of younger consumers who expect more from their everyday experiences.
Cleo was one of the first companies to make great use of chatbots that sit within Facebook's messenger app. This chatbot-first approach and Gen Z user base have given it strong virality. It now has millions of registered users, 99% of which are based in the US, leading to a decision to take a year break from the UK market to focus on its US Gen Z customers. And after a successful year in the US its now eyeing up a return to the UK.
Its Series C funding will help the company to double down in the US, where it will make a significant increase in employee headcount, and enable Cleo to maintain and expand its service during an economic downturn.
Financial advice delivered via bots is a crowded space, so Cleo benefits from having a strong brand presence. It has gone for very bold, fun, Gen Z-focused messaging which helps it to stand out from competitors such as Emma, Plum, and Chip.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Jun 2022
$80m
SERIES C
Dec 2020
$44m
SERIES B
Total funding: $137.7m
Company benefits
- Meaningful equity with early exercise, plus top-ups on promotion
- Primary caregiver: 18 weeks at full pay / Secondary caregiver: 6 weeks full pay, 6 weeks half pay (dependant on tenure)
- Paid 1-month sabbatical every 4 years
- Comprehensive health, dental & vision insurance
- Learning & development training platform
- Mental health support via Spill
- Company-wide performance reviews every 4 months
- We’ll cover your OpenAI or Claude subscription
- Pension match up to 6%
- Life assurance
- 25 days annual leave + an extra day for every year you’re at Cleo (up to five accrued days)
Company values
- Make it Happen - Own the outcome. Lend a hand, take a hand. Fast execution.
- No bullsh*t - Intellectually honest. Go hard on problems, not people. Data-backed decision making.
- Learn at Speed - Jump in and figure it out. Dig deep, do it right. Learn what matters.
- Bring Good Vibes - Read the room, lift the room. Show up for others. Keep it real, keep it positive.
Company HQ
Finsbury, London, UK
Leadership
Barnaby Hussey-Yeo
(Founder & CEO)Previously a Data Scientist at Wonga, one of the companies that pioneered the smart use of data for loan decisions. Joined Entrepreneur First where Cleo was formed.
Diversity, Equity & Inclusion at Cleo AI
- We’ve set up an internal committee of truly passionate people that are dedicated to ensuring Diversity and Inclusion is embedded in how we all operate as a team. We agree on meaningful actions, and get on with implementing them. We have three main focuses right now, which are:
- 1) Improving SocioEconomic diversity across the company
- 2) Increasing the number of women in Leadership roles
- 3) More community outreach
Share this job
View 42 more jobs at Cleo AI