Financial Planning Analyst

About 118 118 Money

At 118 118 Money, we are dedicated to helping Britain achieve financial fitness. In 2023, we proudly relaunched the iconic 118 118 twins, reaffirming our commitment to improving the financial health of individuals across the nation. Our loans and credit cards are designed specifically for those often overlooked by mainstream lenders, empowering over 800,000 customers on their journey to better financial well-being.

Our vision is to champion financial fitness throughout Britain by offering accessible products, valuable resources, and unwavering support. We are on a mission to provide fair and transparent credit solutions that promote financial well-being for all.

With an impressive 4.8 Trustpilot rating, we take pride in being an approachable lender, ready to provide clear financial support. If you’re inspired by what you’ve read and want to make a real difference in people's lives, keep reading — your next opportunity to contribute to our mission could be just a few clicks away!

What you’ll do

This is a role for a talented individual who has a passion for success and excels at performing detailed financial analysis and reporting. An important role within the FP&A and wider Finance teams, there will be opportunity to understand, support and get involved with all areas of the business.

The FP&A Analyst is responsible for managing a number of key monthly deliverables, including the production of accurate management accounts, KPI’s and Exec level reporting. They will be expected to deliver insightful analysis and assist stakeholders to make informed business decisions.

A business partner to other departments, they will work particularly closely with Finance and Operational colleagues. They will ensure accurate financial information is available to track performance and support key forward looking business processes, including the Budget.

The successful candidate will have the ability to get into the detail and tell the story behind the numbers.

This a great time to join the business and help to influence a period of significant profitability growth.

Key Responsibilities

• Management Financial Reporting – responsible for producing the management accounts and Flash reporting through the month end process. Work closely with the Financial Control team to ensure accuracy of accounts, undertake detailed review of all GL postings with particular focus on costs. Support with preparation of Board and Exec level packs.
• Monthly Variance Analysis – produce timely and robust variance analysis with commentary for inclusion in senior level reporting packs. Develop MI to ensure variances can be monitored through the month end close process in real time.
• Cost Reporting – own cost reporting across the organisation while championing cost efficiency. Produce monthly cost MI by both spend category and supplier, for review during the close process. Produce monthly cost centre statements for all areas of the business, ensuring these are delivered on time and are fully understood. Undertake cost deep dives as required.
• KPI Reporting – own the production of the monthly business KPI’s, ensuring the business can track key metrics that will help senior management make informed business decisions. Develop analysis to understand and track the drivers behind the numbers.
• Budgeting & Planning – support the Director of FP&A with the annual budgeting and forecasting cycles, taking ownership for cost budgets and other items as required.
• Regulatory (and other external) reporting – own the production of the various regulatory returns that the Finance team are required to deliver, for submission to the FCA. Own additional reporting to key external partners, including Mastercard and Apple.
• Business Partnering – build effective relationships within Finance and with the Tech and Operational teams, to ensure the business has the financial and analytical support it needs. Take ownership for any regular internal financial reporting to other departments.
• Ad-hoc Analysis and reporting – as and when required, to improve business performance or fulfil other obligations – e.g. competitor analysis, new business opportunities.

Who you are

The ideal candidate will have strong academics and a background in Finance / FP&A within Financial Services. They will have great attention to detail and a desire to understand the numbers, and the metrics, that impact financial results. They are happy navigating accounting software, working with large datasets and producing insightful analysis for senior stakeholders. They love improving processes and collaborating with colleagues.

What you need

Essential Experience/Qualifications:

• Degree or equivalent qualification
• Part or newly qualified accountant (ACCA/CIMA/ACA preferred)
• Advanced IT skills, especially MS Excel & PowerPoint
• Finance background in Financial Services
• Expertise in financial analysis (e.g. utilising financial models, analysing financial statements)

Desirable Experience:

• FP&A experience in Financial Services
• Experience with SAGE accountancy software

Competencies:

• Great analytical skills and an eye for detail
• Driven and enthusiastic - takes ownership for work with limited supervision
• Ability to work in a fast-paced environment and to prioritise effectively to meet deadlines
• Strong stakeholder management
• Excellent verbal and written communication skills

What's in it for you?

• A competitive salary.
• Flexible, hybrid working opportunities.
• Company bonus scheme - if the business does well, you should get rewarded for your hard work.
• 25 days' annual leave, (plus bank holidays) increasing to 27 after two years service and 30 after five.
• Company pension scheme – we provide an enhanced pension scheme with generous employer contributions to set you up for the future which includes life cover of 4x your base salary.
• Eye test – you can claim a freebie each year, or if your needs change.
• Employee Assistance Programme - we offer membership to a recognised scheme to support you and your wellbeing.
• A strong ethos of equality, diversity, and inclusion.
• Wide business exposure, in terms of business disciplines, projects and stakeholders.
• Direct contribution to business transformation and growth.
• Huge learning and career progression opportunities.
• Being valued as an individual from our team.
• Full training, support and mentoring to develop a successful career in financial services.

Like what you’ve heard? Great - apply now!

As a candidate, we know the interview process can be daunting and it’s important that you have a great experience with us. We will do all we can to make sure you are fully informed and excited by our story so we get to see the best from you. If you need any adjustments made to help you with the interview process, just let us know and we’ll do our best to accommodate them.

Following your application, we will want to learn more about you, your motivations, experiences, and values. In turn, you get to learn about our business, our culture, the role and what we can offer you.

If you think you’d be great for the role, but don’t necessarily tick all the boxes, we’d still love to hear from you, so apply today and take the first step towards an exciting future!

Equal Opportunity Employer

At 118 118 Money we are passionate about equality, diversity, and inclusion. We are committed to being representative of different cultures, background, lifestyles, and groups, where everyone has an equal chance to succeed. It is our policy to treat everyone fairly and to ensure no one is disadvantaged or receives less favourable treatment. We recognise that everyone has different needs and while we can’t accommodate every flexible working request we are more than happy to have a conversation about it.

How we handle your data

118 118 Money requires your personal data to process your application for a position within our Company. If your application is successful through to telephone screening/interview, and you are not selected for a role, we may store your personal data for 12 months to enable our HR team to contact you should future roles be advertised.

Where you apply, but are not selected for telephone screening/interview, we will delete your personal data once the position is filled.

118 118 Money does not use automated decisioning or profiling when selecting candidates.

For your rights under GDPR please see our Privacy Policy

Please be aware that should we pursue your application, all our Financial Services employees will be expected to complete background checks to assess suitability for employment, these include; a criminal record, identity, sanctions, adverse finance, fraud prevention and reference checks to comply with our regulatory requirements