Senior Financial Planning Analyst

Who are 118118 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 be doing

This is a role for a talented professional who has a passion for success and excels at performing detailed financial business analysis and reporting. The role will be at the centre of the 118118 Money business, helping to critique and formulate commercial plans and define financial strategies.

The Senior Analyst is responsible for developing insightful analysis to facilitate performance challenge, identify areas of improvement and to help the senior management team make informed business decisions.

A business partner to all areas of the business but working especially closely within Finance and the Commercial teams, you will support key forward looking business and performance management processes, acting as a financial gatekeeper for commercial initiatives.

Responsible for producing profitability reporting and modelling, you will have a deep understanding of pricing within Financial Services and understand the key principles that underpin ROA (Return on Asset) reporting.

Comfortable diving into interest income calculations, Cost of Funds, Impairment and variable cost inputs, you will have the confidence to challenge existing methodologies and assumptions.

You will oversee production of various committee reporting packs and 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 navigate and influence a period of significant profitability growth.

Key Responsibilities and Objectives:

• Development of the FP&A function – assist the Director of FP&A in shaping the function to support the business through an exciting period of growth. Help to identify processes, systems and MI that could improve on-going business performance.
• Challenge commercial assumptions – provide a level of critique to Commercial business plans and assumptions, acting as a financial gatekeeper for the profitability of the business. This will include existing customer management activity (e.g. reprice) as well as other customer centric initiatives (e.g. introduction of new forbearance tools and expected impact on risk/revenue).
• Profitability Analysis – own and enhance profitability and ROA analysis that can be used by the senior management team to make informed business decisions. Gain a deep understanding of the key drivers of profitability within the business, including the various costs incurred.
• Budgeting, Planning & Modelling - assist the Director of FP&A with the annual budgeting and forecasting cycles, as well as reviewing and strengthening the current planning models and processes. In particular the role holder will be expected to be at an advanced level of MS Excel and be comfortable creating, enhancing and owning large and complex financial models for analytical and reporting purposes, ensuring all models reflect commercial reality and are fully documented. Model the performance of existing and future products, ensuring they are aligned to long term strategy and deliver sufficient returns.
• Monthly Variance Analysis – oversee the production of timely and robust variance analysis for inclusion in senior level reporting packs. Build new MI to ensure variances can be monitored through the month end close process in real time.
• Business Partnering – build effective relationships within the Finance, Commercial and wider teams to ensure the business has the financial and analytical support it needs. Assist with monitoring commercial and pricing strategy.
• Macro Monitoring – ensure the business remains aware of the changing macro landscape and the impacts this could have. Conduct regular stress tests and formulate mitigation plans to ensure business continuity and success.
• Ad-hoc Analysis – as and when required, to drive and improve business performance.

Who you are:

The ideal candidate will have a strong academic background and significant Commercial and FP&A experience in Financial Services, ideally with exposure to pricing. They will have a great understanding of business drivers and the metrics that impact financial results. They are happy working with large datasets and presenting insightful analysis to senior stakeholders.

• Commercially focused with 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 prioritize effectively to meet deadlines
• Excellent stakeholder management, experience working with senior management team
• Excellent numeracy and quantitative analysis skills
• Excellent verbal and written communication skills

What you'll need:

• Degree or equivalent experience
• ACA/CIMA/ACCA qualified accountant with significant PQE
• Advanced IT skills, especially MS Excel & PowerPoint
• Significant FP&A or Commercial experience in Financial Services
• Proven ability to build comprehensive financial models

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.

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.

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!

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.