Fintech Finance Manager
TotallyMoney, United Kingdom
Job Description
TotallyMoney is a fast-growing fintech company on a mission to improve the financial wellbeing of 5 million people in the UK by 2023. We are now looking for a Finance Manager to join us.
TotallyMoney’s platform helps customers understand their financial data and make better financial decisions. We collate and crunch different streams of data for each customer (e.g. credit history, scores, eligibility results from lenders) to give them a meaningful credit profile and match them to financial amp; home products that work for them. We’ve won several awards for our product innovation in the last few years, and more importantly, we have consistently been highest rated in our category on TrustPilot.
At TotallyMoney, we believe in ‘maximum autonomy with maximum alignment’ and in a positive, bottom-up culture. Though we have a much-loved office near Old Street, we are currently 100% remote, and pride ourselves in the supportive and collaborative environment we have created over the last year. We have a culture that values work-life balance, employee wellbeing and interpersonal connections and we’re looking forward to reopening our Old Street office as soon as we’re able, although we will remain completely flexible.
What’s the job?
This broad role is an excellent development opportunity for an ambitious and smart accountant who wants to fast-track their career path to become an FD of a Tech start-up or scale-up in the future.
As Finance Manager, you will join our small Finance team and report directly into our CFO. You will line-manage a Financial Accountant and Accounts Assistant and work closely with our FPamp;A Analyst along with the functional leads from across our tech business to ensure we have strong financial controls, efficient processes and remain compliant with all relevant tax regulations.
You will also manage the day-to-day relationships with our bank (Silicon Valley Bank), financial advisors (Deloitte), out-sourced payroll provider whilst supporting the CFO to manage our PE investors (Scottish Equity Partners and Elliot Investment Management).
In addition to your job-related personal development, you will have the opportunity to learn through our TM Essentials training programme how an agile tech business actually operates. You will also be able to develop your understanding of core functions within a tech business ranging from Product Management and coding to UX design and digital marketing.
What will you do?
The role will be varied and challenging at times. Your responsibilities will include:
Reporting
- With support from the Financial Accountant, manage the monthly preparation of our management accounts which are shared with Management, Investors and our Bank.
- Maintain strong financial controls over key balance sheet lines.
- Provide budget management support to the management team members by building effective relationships and providing insightful analysis.
- Lead the preparation of our annual statutory accounts and effectively manage the audit process.
- Provide insight and support to the FPamp;A analyst to enable them to produce accurate budget and forecast plans.
- Manage the finance team’s risk register and report on incidents or risk assessment changes.
- Support the Compliance team to submit our bi-annual FCA returns.
Treasury
- Manage our cash flow and liquidity position through accurate short-term forecasts and timely drawdowns from our working capital facility.
- Ensure we are able, to meet our various debt repayments and reporting covenants.
Financial operations
- Work closely with our Accounts Assistant and Commercial team to ensure our billing and credit control processes run smoothly.
- Help ensure the Accounts Assistant is able to effectively manage all aspects of our accounts payable function from procurement to payment.
- Work with HR and the Financial Accountant to manage our outsourced payroll function, expense claim process and employment tax compliance.
- Continually review and where appropriate re-engineer our key financial systems to ensure they remain effective, efficient and scalable.
Tax compliance
- Ensure all quarterly VAT returns which require a partially exempt adjustment calculation are prepared and submitted on time.
- Work with our tax advisors to prepare and submit our annual corporation tax computations for all group companies.
- Coordinate our annual Ramp;D tax credit claim process by effectively working with our Tech leadership team and tax advisors.
- Ensure your team have clear objectives they understand and provide support to achieve them.
- Coach and develop your team and help them to identify development opportunities for their person