Senior Accounting & Financial Operations Analyst, Monzo
$71.4-120.8k
+ Share options. Salary varies depending onlocation
Digital-only bank platform and marketplace
Be an early applicant
Digital-only bank platform and marketplace
1001+ employees
Be an early applicant
$71.4-120.8k
+ Share options. Salary varies depending onlocation
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You’re a qualified accountant with an audit background, and have had some experience in financial accounting and control outside of practice. Knowledge of banking would be an asset
- You have a great eye for detail
- You’re fascinated by the banking and regulatory landscape, and have a good understanding of key financial controls
- You’re a self-starter and enjoy tackling what needs doing, whether it’s making a bank transfer or pulling together reports for investors
- You’re comfortable translating complex information into simple words for people with diverse backgrounds
- You’re interested in using data (SQL skills would be a bonus)
- You thrive in a dynamic and constantly evolving environment
- What we’re doing at Monzo excites you!
- If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet
What the job involves
- We’re looking for an experienced, commercially minded Senior Accountant to help lead our US financial accounting function and play a key role in building a world-class finance organisation
- This role is suited to a qualified accountant with strong technical foundations who is ready to take ownership of core accounting processes and partner closely with the business as we scale
- You’ll be responsible for ensuring high-quality financial reporting and robust controls, while helping evolve our accounting processes and systems to support growth
- This includes working through complex accounting questions, supporting new product launches, overseeing supplier and financial operations, and contributing to the ongoing development of our global finance infrastructure
- We have an exciting roadmap ahead - including continued growth of our US business, expansion into the European Union, new product and marketplace launches, and significant systems implementations
- In this role, you’ll help ensure we scale in a controlled, well-governed way, using technology and automation to improve efficiency and insight across financial accounting
- Managing a tight process with our internal Finance team to ensure a swift month-end close process (e.g. managing accruals schedules, managing our bank accounts and supplier payments, liaising with our Tax team to post their numbers, etc)
- Understanding the business and our products to write insightful management commentary
- Working with our engineers and data teams to automate the production elements of this role, allowing you to focus on the parts of the role where your knowledge and skills provide the most value
- Helping understand any differences between US GAAP and IFRS accounting
- Learning SQL skills to run reports and propose solutions that make our processes efficient and scalable
- Maintaining existing and develop new controls that protect our financial data and our balance sheet substantiation process
- Supporting our year end process working with external auditors and our Financial Reporting squad
- Reviewing new products, assessing the accounting and implementing them in our banking platform and accounting system
- Working with the business to assess the impact of changes in accounting standards and make proposals on accounting policy matters for new products launched
- Helping maintain the integrity of our chart of accounts and financial static data
- Helping with payment runs to our growing number of suppliers, working closely with our UK Financial Operations team
- Helping with some of our US tax activities, liaising with external advisors and our Group Tax team
- Resolving miscellaneous inquiries and support the overall finance team wherever needed - from forecasting and valuations, to bank transfers, transfer pricing and tax policy research!
Application process
- A quick call with a Recruiter
- A video-call with the Hiring Manager
- A role specific case study
- 2 stage interview loop (Role Specific & Behavioural)
- This process should take around 3-4 weeks - your schedule is really important to us, so we promise to be as flexible as possible!
Our take
Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.
Monzo remains one of the popular online banks, with more than 6 million active users. The company faces competition from more traditional banks, such as Goldman Sachs and JP Morgan, which have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.
With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).
After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$457.1m
LATE VC
Total funding: $1.9bn
Company benefits
- Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
- Flexible working hours
- Work From Home Opportunities + we'll pay for any equipment you need to do your job
- 24 days holiday a year, plus bank holidays
- Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
- Employee Assistance Programme
- Learning budget of £1,000 a year
- Aviva Pension Scheme + 4% Employer Contribution
- Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
- 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
- 3 months of secondary caregiver leave at 100% pay
- Unum Life Insurance
- Access to fertility and family-forming health benefits via Fertifa
- Abellio Season Travel Tickets + Cycle-to-Work Scheme
Company HQ
City of London, London, UK
Leadership
TS Anil
(CEO)Also a Board Member at Accion. Previously Board Member at UK Finance, Global Head of Payments, Products & Platforms at Visa and was the Global Head of Retail Products at Standard Chartered Bank.
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