Accounts Assistant

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.

Our Financial Operations Team sits within Monzo’s Finance collective, ensuring 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 five based in our Cardiff office.

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 processes run 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 like our new SAP S4/HANA ledger implementation, expanding into the European Union, pushing forward with our automation plans, continuing to grow our customer base, growing our lending business and adding to our marketplace. You’ll work on scaling Monzo in a controlled way, while helping us optimise our financial control processes with the help of technology. 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.

We’d love to hear from you if:

• You have experience in Accounts Payable & Receivable functions, with tax or treasury experience a bonus.
• You can adapt to new systems easily (e.g. Netsuite/SAP and G-suite functionality).
• You love the challenge of learning new things and getting stuck in.
• You have a great eye for detail and delight in investigating and solving issues for people.
• You thrive in a dynamic and constantly evolving environment.
• You’re a self-starter and are hands-on.
• What we’re doing at Monzo excites you!

What’s In It For You:

• £25,900 - £35,000 Salary Range plus stock options & benefits.
• 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).
• We offer flexible working hours and trust you 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.
• 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.

The application journey has 3 key steps:

• Recruiter Call.
• Role Specific Interview.
• Behavioural Interview.

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.

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.