At a Glance
- Tasks: Manage accounting operations and support financial reporting in a fast-paced environment.
- Company: Join Fonoa, a VC-backed company disrupting the finance industry.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Other info: Dynamic workplace with a focus on innovation and collaboration.
- Why this job: Be part of a high-impact team driving financial success in a rapidly growing business.
- Qualifications: 4+ years in finance, strong Excel skills, and attention to detail required.
The predicted salary is between 32000 - 35000 £ per year.
Fonoa is experiencing rapid growth and is seeking a Finance Associate to contribute to a broad, high-impact, early‑stage opportunity within a hyper‑growth, VC‑backed business disrupting an industry.
Responsibilities
- Manage all accounting operations, including accounts receivable, accounts payable, and the general ledger.
- Coordinate with external accountants on year‑end close procedures.
- Prepare and maintain monthly balance sheet reconciliations to ensure accurate and complete balance sheet reporting.
- Prepare monthly cash flow statements and rolling forecasts.
- Assist in preparing monthly management reports.
- Prepare payment runs.
- Assist in monitoring and controlling business performance by comparing actual results versus budget/forecast on a continuous basis.
- Process and manage the complete sales order to cash cycle.
- Ensure all sales invoices are accurate, timely, and comply with company policies and customer contracts.
- Manage accounts receivable ageing analysis and coordinate collection efforts with the Revenue Manager.
- Resolve customer invoice queries and discrepancies promptly.
- Monitor and reconcile customer accounts to ensure balances are accurate.
- Liaise with internal stakeholders on invoice status and payment terms.
- Manage procurement and purchase order procedures, ensuring internal stakeholders and suppliers adhere to company policies.
- Assist in developing and maintaining the annual budget and financial forecasts.
- Ensure supporting documentation for transactions is collected and maintained appropriately.
- Assist in the preparation of annual statutory financial statements.
- Support the audit process and auditor queries throughout the financial year.
- Prepare and organise financial documentation for external and internal stakeholder reviews.
Qualifications
- Have 4+ years of experience in a similar role.
- Are proficient with Google Sheets/Excel and G‑Suite/MS Office suite.
- Have experience with Oracle NetSuite or similar ERP (SAP, MS Dynamics Nav).
- Have strong verbal and written communication skills.
- Demonstrate exceptional attention to detail and organisational skills.
- Are comfortable working in a fast‑paced, growth‑focused environment.
Employment Details
- Seniority level: Mid‑Senior level
- Employment type: Full‑time
- Job function: Finance and Sales
- Industry: Software Development
- Location: London, England, United Kingdom
- Salary: £32,000.00 – £35,000.00
Privacy Notice for Job Applicants: As part of the recruitment process at Fonoa, we process your personal data in accordance with our Privacy Notice for Job Applicants.
Finance Associate employer: Fonoa
Fonoa is an exceptional employer that fosters a dynamic startup atmosphere, offering employees the chance to grow and innovate within a diverse tech environment. With a strong focus on enhancing internal IT processes and supporting a distributed team, Fonoa provides meaningful work, opportunities for professional development, and a culture that values collaboration and creativity.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Associate
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Fonoa. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Finance Associate
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Fonoa.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Fonoa's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Fonoa
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Fonoa.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Fonoa will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Fonoa employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
