Full-Time

Finance Business Partner

Posted on 8/27/2024

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

£65k - £78kAnnually

Mid, Senior

London, UK

This role is based in our London office.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SQL
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Have demonstrable experience in finance business partnering
  • Are qualified with a relevant professional qualification
  • Hold strong financial modelling (advanced Excel/Google Sheets) experience
  • Have great analytical & problem solving skills, with the ability to identify trends, issues and recommend actions
  • Hold good interpersonal & influencing skills, ability to engage across various internal functions to develop, get buy-in and deliver outcomes across teams
  • Have the ability to confidently present data in a meaningful and effective way; understanding the needs of the end users and tailoring presentations to their requirements
  • Have experience building strong, trusted relationships with stakeholders at all levels
  • Have experience building business cases, presenting and debating investment choices
  • Demonstrate ability to be hands-on and enjoy supporting colleagues, projects or tasks both big or small
  • Have strong attention to detail and organisational skills, able to support with developing new processes and streamlining existing processes to create efficiencies
  • Can demonstrable SQL, data analysis experience and experience using forecasting tools
Responsibilities
  • Taking overall responsibility for the forecasting and analysis for several business areas
  • Taking full ownership of annual budget, forecasts and multi year plan for these business areas
  • Preparing management information, insights & reporting to senior leadership team, highlighting emerging issues & potential future challenges
  • Assisting with the development of various strategic & tactical initiatives
  • Working independently and take the initiative to develop relationships and work across the business to help them understand financial perspectives
  • Using financial expertise to drive commercial performance through accurate insights and advice
  • Making sure financials are managed in line with business plans for both short and long term

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.

Company Stage

Late Stage VC

Total Funding

$1.9B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monzo secured $400M in 2024, valuing the bank at $5 billion.
  • The partnership with SignLive enhances accessibility for Deaf customers.
  • Expansion into Europe in 2025 could significantly increase Monzo's customer base.

What critics are saying

  • Monzo breached UK banking regulations, risking reputational damage and fines.
  • Expansion into Europe poses regulatory challenges and potential licensing delays.
  • Reliance on digital platforms makes Monzo vulnerable to technological disruptions.

What makes Monzo unique

  • Monzo offers real-time spending updates and categorized transactions via a mobile app.
  • The 'Pots' feature allows users to set aside money for specific purposes.
  • Monzo Plus provides premium features like custom card designs and travel insurance.

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Benefits

Competitive salary

Flexible working hours

Work from home

Stock options

32 days of paid vacation and public holidays per year

Health insurance

EAP

Learning budget

Home office stipend

Paid parental leave

INACTIVE