Senior Financial Accountant

Who are we?

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:

Based in our central London office this is an exciting and challenging position for a Senior Financial Accountant, who thrives on new challenges and enjoys working in a fast-paced, highly flexible environment.

With a strong understanding of the IFRS accounting policies to be applied to a financial services business, you will have enhanced relationship building skills, working collaboratively across the finance team and wider business.

As a pivotal member of the accounting function, you will manage the accounting to trial balance, including month end procedures of the accounts in preparation for the Financial Controller review.

You will be responsible for ensuring that the company accounts present a true and fair view of performance, that relevant accounting policies are effectively adhered to and that new policies are implemented where appropriate. You will work in partnership with the Head of Financial Control and the finance team to ensure that this achieved in an effective and efficient manner.

Assisting with finance-related change management in the business, you will work on finance process optimization where necessary to improve accuracy and efficiency.

The gatekeeper of the financial statements, you will be responsible for ensuring that the financial ledger is complete and accurate, that the special purpose vehicles and subsidiary entities are compliant from an accounting and regulatory perspective and all balances are correctly reflected both at consolidated and individual basis.

Key responsibilities:

• Management of the balance sheet accounts and reconciliations, especially bank accounts, suspense accounts and other transactional accounts.
• Ensure daily balancing between the receivables and the ledger is completed and suspense items resolved on a timely basis.
• Complete daily sign off of the Payment Safeguarding of customer’s cash.
• Working collaboratively with the Philippines finance team.
• Optimising processes and controls across finance, enhancing current procedures and implementing new ones to drive improvements.
• Liaising with external auditors, to ensure that audits are managed in an effective way for all entities.
• Finance owner of the IFRS 9process, challenging the risk team and ensuring appropriate documentation and independent review each period end.
• Working closely and collaboratively with the Head of Financial Control, Head of FP&A and Treasury to ensure full understanding of the business drivers, emerging developments, and implications of any new projects to ensure that that the impact on financial accounting is fully understood by all.
• Submitting all returns to the Office for National Statistics.
• Performing ad-hoc business analysis to drive and improve the financial performance of the business.
• Work with business/functional leaders to identify and recommend opportunities that drive process automation and optimization.

What you'll need:

• Experience working in a Finance position within a fast-paced financial services environment is essential.
• Experience working with offshore teams outside of the UK.
• Good technical IFRS accounting knowledge
• Experience and comfort working with the senior finance and operations stakeholders.
• Highly proficient in Excel and specifically working with functions like pivot tables and advanced formulas (Sumifs, X-lookups etc)
• Excellent verbal and written communication skills.
• Good emotional intelligence demonstrating an ability to work collaboratively across the organisation.
• Be a self-starter / self-motivated, able to manage to tight deadlines and capable of staying on track and pursuing solutions without supervision.
• The ability, willingness and confidence to challenge opinions respectfully to offer alternatives and to construct a compelling argument to support an opinion.
• Proven experience driving and supporting financial change initiatives.
• Ability to build rapport and influence outcomes.
• Qualified accountant in ACA/ACCA /CIMA with 5+ years’ post-qualified experience.

What’s in it for you?

• A competitive salary
• Company bonus scheme - if the business does well, you should get rewarded for your hard work
• 25 days' annual leave (plus bank holidays) – your balance stars from day 1 so don’t delay and start planning your time off!
• 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
• Cycle to work scheme – you’ll have the opportunity to purchase a new bike and pay us back each month
• 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

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 by emailing claire.hinson@118118money.com 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 excititing 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.