Financial Accountant, Flagstone
1-2 days a week in office
Cash deposit marketplace
Be an early applicant
Cash deposit marketplace
201-500 employees
Be an early applicant
1-2 days a week in office
201-500 employees
Company mission
To help every saver manage, protect, and grow their cash.
Role
Who you are
- You're an experienced accountant with a focus on revenue, excited to forge a new way to save
- Revenue Recognition: Knowledge of revenue recognition principles under UK GAAP, including complex arrangements like contracts, subscriptions, and milestone-based billing
- Sound understanding of accounting principles: (e.g. UK GAAP or IFRS)
- Billing & Invoicing: Hands-on experience managing the billing process, including invoicing, reconciling billing discrepancies, and ensuring accurate revenue recognition
- Financial Analysis: Experience analysing and reconciling large data sets, knowledge of or willingness to learn Data analytics tools, e.g. SQL and Power BI is and added bonus
- Financial Reporting: preparing and presenting financial reports (Management and Statutory accounts) in compliance with UK GAAP standards
- Financial Software & Systems: Proficient in using accounting software (e.g., NetSuite, QuickBooks) and Excel functions for financial reporting and analysis
- Risk Management: Ability to identify financial risks and ensure compliance with policies and regulations, particularly around revenue and billing
- Communication & Business Partnering: Strong interpersonal and communication skills to collaborate effectively across functions and provide business insights
- UK Direct and Indirect Tax compliance: experience of completing and submitting corporation tax and VAT submissions is a nice to have
What the job involves
- Your role will contribute to the execution of the financial strategy by ensuring that all revenue recognition and billing processes comply with UK GAAP standards, supporting the preparation of monthly management reporting and month end close and assisting with the annual audit process
- You will help the business achieve accurate financial reporting and timely recognition of revenue, thereby supporting business growth and maintaining strong financial control
- You will work directly with various stakeholders to optimise the billing process, improve cash flow, and ensure financial compliance, all of which will contribute to the company’s strategic and financial objectives
- By building and maintaining relationships with functional heads across the business, you will facilitate collaboration and alignment with financial objectives
Salary benchmarks
Our take
Cash deposit marketplaces handle savings on behalf of their clients. Instead of large lump sums floundering in low savings accounts, they help clients deposit these funds in or across the best interest-bearing deposit accounts, with the potential to make significant passive income.
There’s a growing appetite for them, and over the past decade Flagstone has quietly emerged as the UK market leader. Flagstone services individuals, charities, and businesses looking to spread their savings across any of 47 different UK banks, including institutions like Coutts and newer players like Revolut.
In the last 3 years, the company has ramped up its competitive edge, too. In 2021, Flagstone dropped its minimum required personal deposit from £250k to £50k to fall in line with high-end competitor Insignis Cash Solutions. Plus, in 2022, it began selling its product internationally.
The international market may prove trickier for Flagstone to crack - UK competitor Raisin has a strong pan-European market presence and already commands high levels of funding. Furthermore, it has a lower minimum required deposit than Flagstone. Nevertheless, there’s space for Flagstone to carve out its own niche if it focuses on organisations and wealthier clientele.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
68% employee growth in 12 months
Company
Employee endorsements
Opportunities to learn
"The day to day work itself offers plenty of opportunities to learn, but on top of that, Flagstone has a really positive culture of personal..."
Funding (last 2 of 4 rounds)
Mar 2024
$135.4m
GROWTH EQUITY VC
Mar 2022
$3.3m
LATE VC
Total funding: $167.5m
Company benefits
- £1,000 annual budget for your individual learning and development - ‘Forging a new way’ is at our core. So, we’ll give you £1k per calendar year to spend on training courses, qualifications or conferences.
- 25 days holiday
- Additional 3 days community and charity leave each year - We encourage you to donate your time, skills and expertise to a community project or charity by giving you up to three additional Giving Back days off per calendar year.
- Income protection - If you're unable to work, 75% of your salary will be covered to support you through these tough times.
- Life insurance (4x annual salary) - 4x salary offered for peace of mind for you and your loved ones, that they'll be looked after should the unthinkable happen.
- Matched pension contribution - We’ll help you invest in your future by matching your contribution up to 5% of your salary.
- Private healthcare - A market-leading level of cover for you and your family, including dental, optical care and gym discounts.
- Gym discount
- Dental/Optical care
- Season ticket loan - To make that morning commute a little less painful!
- Remote working kit - £200 to spend on making your home office comfortable.
- Electric Car Scheme - Drive towards a more sustainable future, and benefit from 30-60% savings on electric vehicles while you do it.
Company values
- Forge a new way
- Surpass expectations
- Community counts
Company HQ
London, UK
Articles
Leadership
Andrew Thatcher
(CEO)Previously executive director at Citi, before serving as head of marketing at GLG Partners, and then executive director of Man. Afterwards moved into an MD role at Banque Havilland S.A.
Simon Merchant
(CEO)Was a senior partner at Fidelity Capital Partners Limited alongside co-founding and serving as CEO at Jacana Partners, and then co-founding New Street Capital.
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