We’re looking for an analytical, commercially-minded financial planner to help us develop leading edge management information including modelling and forecasting.
At Monzo we’re building the best bank account in the world. We’re growing fast, both in customer numbers and staff: since launching our prepaid card 18 months ago we’ve signed up over 200,000 active users and grown to a team of 100 people. We’re doing things differently, and things change very quickly!
This means we have some really exciting challenges for our financial planning and analysis - especially when we’re planning five years into the future with only two years of history. There’s little historic data to rely on to determine how our future plans will work out: particularly our ambitions for marketplace and international expansion.
Day to day, you’ll spend your time:
- extending, updating, improving and iterating our financial model and understanding the inputs and outputs
- producing management accounts, with the support of our external bookkeepers
- distilling and presenting the most useful numbers for our Executive Committee and Board, and having a deep understanding of where those numbers come from and how we can impact them
- scenario modelling per-customer cost and profitability
- working with the other members of the finance team to determine the impact of new business initiatives from a profitability, capital and liquidity perspective
- working as part of the finance team on financial, regulatory and project work
You will be working directly alongside our CFO & Treasurer, and will have exposure to all teams across the company, where you’ll be providing continuous support, analysis and insight - teams will look to you to contribute commercial and financial analysis to their decision-making.
You’ll also be responsible for:
- designing and implementing a budgeting process in an incredibly fast-moving organisation with a lot of ambiguity
- automating and improving processes, especially around management information and team budget management
- supporting fundraising and investment by running extrapolations and scenario-modelling
- providing the financial data required for our capital and liquidity plans
- occasional ad hoc tasks like making a bank transfer refund, or helping out with whatever else is needed by the business.
You should apply if:
- You love financial modelling and are happiest when you’re in Excel
- You’ve had some experience in or exposure to management accounting
- You are exceptionally detail-oriented and like to know exactly where the data you present comes from, and how they can be influenced
- You’re commercially focused and understand that business decisions aren’t always about profit and loss
- You’re good at explaining complex information to people with diverse backgrounds
- You’re energetic and willingly tackle whatever needs doing, whether it’s making a bank transfer or presenting to the Board.
A formal accountancy qualification is nice to have but not essential.
Salary and stock options will be dependent on experience and expected scope of contribution around £45k for someone with a couple of years of financial modelling experience, and up to £70k for someone with an accountancy qualification and extensive experience within financial planning and analysis.
