Financial Reporting Manager
🚀 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 ❤️
Hear from our UK team about what it's like working at Monzo ✨
📍London | 💰£70,600 - £90,000 ➕share options | Benefits | Hear from the team ✨
⭐ Our Finance team
We're looking for an experienced, highly proactive, and commercially-minded Financial Reporting Manager to deliver our financial reporting, and help us build a world-class finance function. This role would be well suited to a qualified Chartered Accountant with an audit background, either recently promoted to manager at an audit firm or with solid experience working at a public interest entity, ideally a retail bank.
We have some really exciting challenges coming up like system implementations, expanding into the European Union, enhancing climate change reporting, continuing to grow our UK customer base and business, growing our lending, business banking and marketplace businesses. You’ll work on scaling Monzo in a controlled way, while helping us optimise our financial reporting processes with the help of technology. You’ll join the Finance team and report to our Senior Financial Reporting Manager.
🔑 You’ll play a key role by...
- Overseeing monthly, quarterly and annual financial reporting processes.
- Ensuring compliance with IFRS, FRS 101 and company accounting policies, leading the implementation of new accounting standards and disclosure requirements, including those around ESG reporting.
- Supporting the production, review and delivery of our annual report, consolidated financial statements and external financial reporting.
- Working with our external auditors during audits.
- Maintaining internal controls over financial reporting (ICFR), protecting our financial data and our balance sheet substantiation process.
- Managing and mentoring more junior team members involved in the reporting process.
- Collaborating with FP&A, tax, treasury, and other cross-functional teams to gather data and align reporting.
- 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.
- Supporting tight processes with our finance control team to ensure a swift month-end close process, particularly those around complex areas such as share options, provisions and financial instruments.
- Assisting with the implementation of new systems, including our new accounting system to ensure we are taking advantage of all its features to minimise manual elements of reporting.
🤩 We’d love to hear from you if…
- You’re a qualified chartered accountant (ACA or CA) with an audit background and have minimum 3 to 4 years post qual experience.
- You have been promoted to manager and ideally have had some experience in financial reporting and control outside of practice.
- You’re fascinated by the banking and regulatory landscape, and have a good understanding of key financial controls.
- You have excellent communication and stakeholder management skills, including engagement with senior management and auditors.
- You’re interested in using data (SQL skills would be a bonus).
- You thrive in a dynamic and constantly evolving environment.
Nice to have (one or more)
- Experience in a listed company or financial services regulated entity.
- US reporting / SOX compliance.
- Strong business partnering/ commercial finance acumen.
- ESG reporting / audit of sustainability information (carbon footprint calculation, CFD/ CSRD/ TCFD).
Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. 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. Drop us your application, we’d love to hear from you!
🙌 What’s in it for you
- 💰£70,600 - £90,000 (dependent on experience) ➕ share options.
- 📍This role is based in our London office and we aim to come in as a team twice a week (usually Tuesdays and Wednesdays). We're open to distributed working within the UK (with ad hoc meetings in London) if required.
- ⏰ We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.
- 📚£1,000 learning budget each year to use on books, training courses and conferences.
- 🏡 We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.
- ➕ Plus lots more! Read our full list of benefits.
🌈 The application journey has 3 key steps
- Phone call with the Recruiter
- Initial Interview with the hiring manager (30 minutes)
- Role Specific video call/meeting with the hiring manager and stakeholder (45 minutes)
- Behavioural Interview (45 minutes)
This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!
We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.
You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to business-hiring@monzo.com. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else. For more insight into the hiring experience at Monzo, check out our blog post.
We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out.
#LI-TP2
Equal opportunities for everyone
Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.
We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.
If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊
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