Financial Operations Analyst, 11:FS
More information about location
Digital banking consultancy services
Posted today
Digital banking consultancy services
201-500 employees
Posted today
More information about location
201-500 employees
Company mission
To help businesses venture into the future of financial services.
Role
Who you are
- Relevant experience in financial transaction processing with good understanding of AR, AP and bank reconciliations
- Looking to begin finance qualifications: ACCA/ACA/CIMA
- Ability to consistently meet deadlines
- Possess exceptional organisational and time management skills and has a track record of consistently meeting deadlines in a fast-paced environment
- Experience or understanding of our core systems (Spendesk, Xero and Productiv) - desired but not essential
What the job involves
- As a finance team, we pride ourselves on being at the heart of all business decisions and providing best-in-class service to all departments
- We provide insightful reporting and analysis of the financial performance
- We provide support in understanding and informing business decisions
- As a team, we cover all aspects of financial management, from transactions to reporting to budgeting and project analysis
- As a Financial Operations Analyst, you will play a vital role in the team's financial operations and reporting function
- You will be responsible for transaction processing of accounts payable and spend card accounts, accounts receivable and collecting debt in a timely manner, along with bank reconciliations and day-to-day business operations support
- The role will support the Financial Reporting Manager with things such as month-end accounting, annual audits and other ad-hoc project work
- Accounts Receivable: Responsible for managing and raising sales invoices and associated debt collection and processing receipts/payments
- Accounts Payable: Managing purchase invoices, weekly payment runs and the reconciliation of supplier statements
- Transactional Accounting: Spend card management and processing, reconciling bank accounts & processing bank transactions and understanding and applying VAT to sales invoices where applicable
- Month end Operations: Supporting the Financial Reporting Manager with the analysis & reconciliation of all accounts, preparation and analysis of P&L, monthly payroll, balance sheet & cash flow statements, journal preparation & posting (accruals & prepayments) and owning the third party cost management & analysis
- Financial Reporting Support: Supporting the Financial Reporting Manager with annual audits, statutory accounts, R&D tax claims, system implementation, supplier management and financial compliance support
- Business Partnering: being able to work effectively not only with your colleagues in the finance team but also across the business with both back office and front office functions to provide the best service possible
Salary benchmarks
Our take
The rise of companies like Revolut, Monzo, and Starling, disrupted the consumer banking space, making it a particularly competitive market. As a result, incumbent banks have had a lot of catching up to do to compete with challenger banks for customers, and this is what 11:FS is capitalising on.
One of 11:FS's products, 11:FS Foundry, helps businesses build and launch new financial services propositions. Using 11:FS Foundry, traditional banks, neobanks, and non-banks can scale their fintech offerings at speed. Hosted on Google Cloud’s platform, it enables significantly increased uptime, global reach, and strong security and encryption. The company's other products include 11:FS Pulse, Shop, and YEARS.
11:FS's founding team has significant digital banking experience, including the co-founder of both Starling and Monzo, as well as people who have worked on innovative projects at big banks like Barclays. With a growing list of partners, the company is well-placed to give great advice to banks, whether they're incumbent players or challenger banks, powering the future of embedded finance.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
35% female employees
33% employee growth in 12 months
Company
Employee endorsements
Career progression
"I started in the Talent Team (recruitment) but showed interest in the Project Management/Strategy side of the business. After some hard work and a..."
Company benefits
- Enhanced maternity, paternity & adoption leave
- Free eye test and contribution to eye wear for VDU
- Corporate gym membership
- Season ticket loan
- 25 days holiday (excl. bank holidays) plus Christmas Shutdown
- Flexible Working - you choose how and where you work!
- Birthday day off (or your child’s/partner’s)
- Friday 3pm “Me Time” all year around!
- Discretionary profit share (11:Reward)
- Private Medical Insurance - top tier cover
- Income protection & life insurance
- Pension plan
- Employee Assistance
Company values
- Team - Success is a team sport
- Communication - We all own our narrative
- Attitude - We embrace our weird
- Impact - We punch above our weight
Company HQ
City of London, London, UK
Articles
Leadership
David Brear
(CEO)They are the Group CEO and the 11:FS Foundry CEO. Has worked for Gartner, HBOS, and Lloyds. Former CEO of Natwest's digital bank (Mettle).
Jason Bates
(Co-founder & Deputy CEO & CPO)Co-founder and former CCO of Starling Bank and Monzo. Founding CEO of Freeformers.
Ross Methven
(Co-founder)CEO of 11:FS Pulse. Former director of Mapa, a leading financial services consultancy.
Simon Taylor
(Co-founder)Former Head of Ventures at the company. Current Head of Strategy and Content at Sardine.
Diversity, Equity & Inclusion at 11:FS
Katie Moorcroft (Senior Talent Partner)
- Our clients, and the customers we serve come from all walks of life and so should we. We’re passionate about hiring amazing talented people from a wide variety of backgrounds, not just because it’s the right thing to do, but because we believe we have an important role to play in shaping the future of our industry.
- We firmly believe that a diverse team, where perspectives are valued, leads to richer experiences for our Elevens and better outcomes for our clients and us. We recognise that diverse companies are more innovative and to unleash talent, we must create an environment where our Elevens feel safe, welcome, supported, and valued.
- Diversity really is a team sport here at 11:FS and the journey we are on is a shared experience that is at the core of everything we do. We are not to not only be part of this change from an internal perspective because it benefits us as a business but because it's the right thing to do. We are committed to becoming a leader in championing equality and diversity and making an impact in grassroots issues where possible.
- We’ve looked at the 1% changes, both the processes and behaviours we can be making throughout the employee life cycle to drive greater inclusion and diversity. Although a 1% change may not sound significant, it’s the combination of all of these 1% changes which ultimately create a lasting impact on our mission.
- Https://content.11fs.com/article/a-snapshot-of-diversity-inclusion-at-11fs-in-2021
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