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For Companies At a Glance
- Tasks: Lead finance operations and drive automation in a fast-paced startup environment.
- Company: Join MAGIC, a cutting-edge AI fitness startup transforming home workouts.
- Benefits: Competitive salary, share options, unlimited holiday, and flexible working.
- Why this job: Make a real impact on the future of fitness with innovative technology.
- Qualifications: 4-5 years of accounting experience and strong financial modelling skills.
- Other info: Enjoy regular socials and a vibrant company culture.
The predicted salary is between 36000 - 60000 £ per year.
MAGIC is redefining what it means to work out from home. Our AI-powered fitness Mirror combines world-class hardware, computer vision, and real-time coaching to bring the experience of a personal trainer into people’s living rooms. Using advanced AI, MAGIC counts your reps, corrects your form, and motivates you through every session - making home fitness more personal, intelligent, and engaging than ever before.
We’ve recently been named one of Europe’s Hottest Startups, voted 'one of the best inventions of 2024' by TIME magazine and partnered with world-class athletes like Jesse Lingard and Desiree Henry, and Strictly Come Dancing's Katya Jones to create the next generation of AI-led fitness content.
If you have an interest in fitness, AI and direct to consumer brands, this is the perfect role for you. As the first full-time hire in the finance team, you will report to the fractional CFO and get to hone your experience across the spectrum of finance - from leading the month-end closing process to delivering accurate financial statements in a timely manner, from assisting the CFO with fundraising across the spectrum of debt and equity to collaborating with your peers in marketing to ensure we are growing profitably with a focus on unit economics. You will be responsible for building a best-in-class finance function.
Key Responsibilities- Responsible for the month-end closing process including timely and accurate preparation of financial statements and payroll
- Oversee general ledger operations and run revenue to cash reconciliations
- Identify opportunities to scale the finance function and drive automation in a rapidly growing scale-up environment
- Effective cash management and cashflow forecasts to ensure business is optimising its working capital
- Assist the CFO in financial modeling, budgeting and fundraising
- Deliver insightful analysis of monthly financial results, investigating variances between actuals and budget with a focus on growth vs profitability and the relevant KPIs
- Work with your peers in supply and demand to model out strategic projects with a view to influence positive business outcomes
- 4-5 years of accounting experience
- Qualified accountant (ACA, ACCA, CIMA, CPA or equivalent)
- Strong technical knowledge of UK GAAP, VAT, Corporation Tax (R&D claims incl), and Payroll
- Proven experience managing month-end processes & hands-on experience with Xero
- Strong financial modeling and analytical skills
- Experience working within a fast growing D2C or eCommerce business and a good understanding of the relevant KPIs
- Excellent attention to detail and organisational skills
- Proactive, self-starter attitude, comfortable with ambiguity and excellent communication & presentation skills
- Interest in automation, technology & process improvement
- Experience in consumer tech and fundraising (debt, equity, working capital)
- Experience with launching in the US
Competitive salary. Share Options in the company. An impact from day one. Our business is scaling by the day. You'll work on ambitious projects, and your contribution will significantly impact the success of MAGIC AI now and in the future.
Unlimited Holiday (self-directed time off) Flexible Home/Hybrid Working from our London HQ (At least 2 days WFH per week) Free Magic mirror Mental Health Wellbeing support Hardware budget for brand new Macbook or other Professional learning & development budget Weekly free lunch club and daily free barista coffees (in office) All. The. Fun. Regular awesome socials.
Finance Manager employer: Magic Fitness
Contact Detail:
Magic Fitness Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager
✨Network Like a Pro
Get out there and connect with people in the finance and fitness industries. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with financial modelling and cash management. We want to see how you can bring value to the team at MAGIC, so share specific examples of your past successes!
✨Be Ready for the Challenge
Prepare yourself for questions about working in fast-paced environments. We’re looking for someone who thrives under pressure and can adapt quickly. Think about times you’ve successfully managed month-end processes or tackled complex financial issues.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are genuinely interested in joining the MAGIC family!
We think you need these skills to ace Finance Manager
Some tips for your application 🫡
Show Your Passion for Fitness and AI: Make sure to highlight your interest in fitness and AI in your application. We love candidates who are excited about our mission to redefine home workouts, so let that enthusiasm shine through!
Tailor Your CV and Cover Letter: Don’t just send a generic CV! Tailor it to the Finance Manager role by emphasising your relevant experience and skills. We want to see how you can contribute to building a best-in-class finance function at MAGIC.
Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate well-structured applications that get straight to the heart of your qualifications and experiences without unnecessary fluff.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity with MAGIC!
How to prepare for a job interview at Magic Fitness
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and KPIs relevant to the role, especially those related to D2C and eCommerce. Be ready to discuss how you've used these metrics to drive business decisions in your previous roles.
✨Showcase Your Tech Savvy
With a focus on automation and technology, it's crucial to highlight your experience with finance software like Xero. Prepare examples of how you've implemented tech solutions to improve processes or reporting in your past positions. This will show that you're not just a numbers person but also a forward-thinker.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially in cash management and financial modelling. Think of specific scenarios where you had to analyse variances or manage cash flow effectively. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Align with Their Vision
MAGIC is all about redefining fitness through AI. Show your passion for fitness and technology during the interview. Research their products and be prepared to discuss how your financial strategies can support their growth and innovation in this exciting space.
