Senior Financial Controller

At Tide, we help SMEs save time and money in the running of their businesses by offering business accounts and related banking services, as well as a comprehensive set of highly usable and connected administrative solutions, from invoicing to accounting. Tide is transforming the small business banking market and now supports over 2 million members globally across the UK, India, Germany and France. Using advanced technology, all solutions are designed with SMEs in mind.

The Financial Reporting & Control team is responsible for the preparation of Tide’s key financial reports, as well as implementing and monitoring controls to safeguard the Group’s financial integrity. The team plays a critical role in ensuring the financial data is accurate and complete, compliant with regulations and presented clearly to internal and external stakeholders.

As our Senior Financial Controller you’ll report to the Lead Financial Controller and be responsible for our credit products and areas of credit risk at Tide. Responsibilities include:

• Controllership of our proprietary credit offerings over our 3 Tide Capital companies with varying credit products.
• Ownership of the month end processes for reporting P&L, balance sheet and cashflow.
• Documenting and reviewing loss provisioning policies for credit risk, fraud and disputes, negative balances and other risk costs.
• Ongoing monitoring and reporting of credit risk performance and adequacy of provisioning coefficients and methods.
• Ensuring strong control of the new APPF fraud legislation, including accurate representation of losses from fraudulent transactions in the P&L and ensuring monthly balance sheet substantiation.
• Ensuring strong control over our members accounts with negative (overdrawn) account balances, accurately reporting our P&L each month and ensuring monthly balance sheet substantiation.
• Working closely with the Tide Credit Services business, product and operations teams to understand the performance of our products and ensure that our transactions are correctly recorded.
• Handling the introduction of new credit lending products along with our new investment product.
• Working closely with the collections team for overdue loan payments, analyzing performance of recovery efforts.
• Collaborating with the ongoing monitoring, operations and risk teams to monitor and report cost of risk, resulting from the credit portfolio, negative customer account balances, fraud and disputes, chargebacks, etc.
• Working closely with the FP&A team to support with analysis, budgeting and forecasting of the credit portfolio and cost of risk.
• Represent the finance team at the Credit Risk Working Group and Risk and Compliance Committee.
• Building robust financial control processes and strengthening internal controls.
• Maintain strong balance sheet controls with monthly substantiation.
• Maintaining relationships with external auditors, tax advisors and accounting advisors.
• Collating financial data for the preparation of corporation tax ensuring compliance with tax legislation.
• Identifying opportunities to streamline and improve accounting processes, operations and systems.

The ideal candidate will have:

• Experience in financial services – preferably in technology-driven & scale-up environments.
• Experience with credit products and provisioning for credit risk essential.
• Strong financial acumen and excellent technical accounting skills.
• Familiar with accounting standard and disclosure requirements under UK GAAP and/or IFRS.
• Dealt with the statutory audit of financial services company.
• Hold a professional finance qualification.
• Excellent communication and stakeholder management skills.
• Thrive work with minimal hands-on management.
• Meticulous attention to detail.
• Comfort in taking responsibility for business-critical financial operations.
• Exceptional organizational skills.
• Motivated by Tide’s values and mission.

WHAT YOU’LL GET IN RETURN:

• Competitive Compensation - competitive salary.
• Time Off – Generous annual leave on top of bank holidays.
• Parental Leave – Paid maternity, paternity, and adoption leave to support your family journey.
• Sabbatical – Extended unpaid and paid leave options after completing milestone years with Tide.
• Access to salary sacrifice benefits – like Nursery and Cycle to Work discounts.
• Health Insurance – Comprehensive Private family insurance plan.
• Life & Accident Cover – Comprehensive accidental and life insurance protection.
• Mental Wellbeing – Access to therapy sessions, courses, meditations, and workshops.
• Retirement Planning – Build your retirement fund faster with Tide’s pension scheme on eligible earnings.
• Volunteering & Development Days – Paid days annually for volunteering or personal growth.
• Learning & Development – Annual budget for books, courses, coaching, and more.
• WOO (Work Outside the Office) – Work from abroad for up to 90 days annually.
• Home Office Setup – Contribution towards setting up your home office.
• Laptop Ownership – Keep your old laptop and get a new one when it’s time for a replacement.
• Snacks & Meals – Daily breakfast spread with all-day coffee, tea, and juices.

At Tide, we champion a flexible workplace model that supports both in-person and remote work to cater to the specific needs of our different teams. While remote work is supported, we believe in the power of face-to-face interactions to foster team spirit and collaboration. Our offices are designed as hubs for innovation and team-building, where we encourage regular in-person gatherings to foster a strong sense of community. For this role we would expect the role holder to attend our Old Street offices at least one day a week.

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members’ diverse needs and lives. We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.