[Hiring] Accounts Assistant @Monzo

Role Description

We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest, and combine their pensions with us. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award-winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

📍Cardiff or Remote | 💰£27,400 - 37,000 |

Our Financial Operations Team sits within Monzo’s Finance collective. Our job is to ensure we pay our suppliers & employees on time, ensuring invoices are posted correctly in the ledger. We work closely with the Financial Control team to ensure the figures are correct for month end, as well as supporting Tax with their reporting. We’re currently a team of 8 based in our Cardiff & London offices.

You’ll be working on all aspects of Accounts Payable & Accounts Receivable, ensuring our invoices & employee expenses are processed & approved in line with policy, ensuring day-to-day process runs smoothly and accurately, stakeholder queries are resolved within our SLAs, assisting with reporting. Timely preparation of month end tasks to ensure a smooth month end close.

We have some really exciting challenges coming up:

• New expenses system Concur implementation
• Introduction of Purchase Orders across the Business
• Expanding into Europe
• Pushing forward with our automation plans
• Continuing to grow our customer base
• Growing our lending business
• Adding to our marketplace

You’ll report to our Financial Operations Team Lead.

🔑 You’ll play a key role by…

• Processing multi-currency invoices for UK, EU & US subsidiaries.
• Reviewing employee expenses and approving them for payment.
• Monitoring emails and Slack channels and responding to suppliers and colleagues queries.
• Creating new suppliers in the system and ensuring that supplier onboarding process has been completed.
• Preparing weekly payment runs, making sure invoices have been approved in line with our policy and suppliers being paid on time.
• Helping with our VAT reporting and processes & corporation tax.
• Running ad-hoc reports for our stakeholders across Finance.
• Preparing aged creditor & debtor reports, identifying any issues.
• Reconciling supplier statements, identifying discrepancies and resolving them.
• Supporting our Accounts Receivable function, raising new invoices and chasing for payments.
• Preparing weekly & monthly Bank reconciliations.
• Month end responsibilities such as preparation of accruals.
• Helping the Finance team with delivery of a timely month end.
• Keeping our process documentation up to date and documenting from scratch new processes and controls.
• Supporting the team in the automation of processes & new system implementations.
• Helping to resolve team inquiries, and picking up ad-hoc tasks as they come in (e.g. reports on spend for particular suppliers etc.).
• Maintaining company pre-paid cards in line with expense policy.

Qualifications

• Experience in Accounts Payable & Receivable functions, with tax or treasury experience a bonus.
• Ability to adapt to new systems easily (e.g. SAP and G-suite functionality).
• A great eye for detail and delight in investigating and solving issues for people.
• Thrives in a dynamic and constantly evolving environment.
• Self-starter and hands-on.

Benefits

• £25,900 - £35,000 Salary Range
• This role can be based in our Cardiff office, but we're open to distributed working within the UK (with ad hoc meetings in London & Cardiff).
• Flexible working hours and trust to work enough hours to do your job well, at times that suit you and your team.
• Learning budget of £1,000 a year for books, training courses, and conferences.
• Setup to work from home; all employees are given Macbooks and for fully remote workers, extra support for work-from-home setup.
• And much more, see our full list of benefits.