ACE Money Transfer

Facilitates international remittances via online platform

Lead — Commercial Finance & FP&A

Corporate Finance & FP&AUpdated on Nov 11

Full-timeLahore, Punjab, PakistanNo salary listedIn-person

About the Job

Requirements

A qualified accountant with ACCA, ACA, CA, CIMA, or an equivalent finance qualification and matching experience.
Six or more years of experience in commercial finance, FP&A, or a comparable analytical finance role, including experience challenging numbers rather than only producing them.
Demonstrable cost optimization experience with savings that can be quantified and evidenced.
Strong command of Excel and working ability in SQL, Python, or Power BI sufficient to interrogate datasets independently.
Experience owning a P&L or a material part of one, with accountability for its variance.
Clear written English.

Responsibilities

Own the group P&L across revenue, cost of sales, operating expenditure, and margins, by entity and business line.
Create a commercial view of group performance that reconciles to the ledger and explains variances against budget and prior periods.
Trace revenue from transaction to ledger and verify recorded revenue reflects what was earned.
Maintain weekly and monthly revenue analysis, identifying what is working, revenue loss, its causes, and whether it reflects a deliberate commercial choice or a leak.
Test recorded revenue against normal operating patterns and escalate anomalies.
Challenge cost-of-sales submissions from each operating vertical against the ledger and prior periods before consolidation.
Report cost per transaction and cost as a percentage of volume by counterparty to inform routing and partner decisions.
Return cost-of-sales submissions that do not withstand challenge to the originating vertical.
Own and deliver an annual cost-saving target agreed with the Head of Finance, with savings evidenced and tracked to the ledger.
Challenge group operating expenditure, including vendor spend, licence and subscription costs, professional fees, travel, and recurring costs.
Maintain a pipeline of cost initiatives with quantified value, an owner, and a target date.
Assess proposed spending before commitment and provide a commercial recommendation.
Produce monthly financial performance reporting and the monthly management pack.
Maintain a rolling forecast and measure and report forecast bias quarterly.
Build, challenge, and finalize the annual budget across all entities.
Produce the quarterly executive deep-dive pack and annual report pack.
Produce weekly revenue analysis, campaign and declined-transaction analysis, corridor performance analysis, and supporting dashboards and data layers.
Conduct scenario and sensitivity analysis to support pricing, corridor, and investment decisions.
Conduct financial due diligence for mergers, acquisitions, and new market entry, including the model, assumptions, and supporting evidence.
Assume responsibility during the first year for counterparty risk assessment after the assessment standard is written and approved.
Conduct analytical review and surveillance of the group's real-estate and associated-company interests.
Exercise challenger authority in the monthly close, reviewing operating-vertical submissions before consolidation and producing the challenge report alongside the challenge.
Lead and develop a team of analysts and set the function's review and challenge standards.
Work directly with operating verticals, treasury, growth, and the senior leadership team.
Agree a 30-, 60-, and 90-day plan with the Head of Finance during the first week.
By day 30, agree the cost-saving target, open the initiative pipeline, and begin weekly revenue analysis.
By day 60, challenge cost of sales across a full close cycle and deliver the first quantified operating-expenditure challenge.
By day 90, establish the end-to-end P&L view, draft the counterparty assessment standard, and agree the function's forward plan.

Desired Qualifications

Experience in payments, remittance, banking, or another regulated financial-services environment.
Experience with multi-entity, multi-currency group reporting.
Exposure to transaction due diligence or corporate development.
Experience building a function rather than inheriting one.

The role (Lead — Commercial Finance & FP&A)

You will own the group profit and loss account in its entirety — what drives revenue, what it costs us to earn it, and what we spend running the business. Today those three questions are answered in different places by different people, and nobody holds the whole picture or challenges any of it.
This is not a reporting role. Producing the numbers is the smaller half of the job. The larger half is testing them: proving that revenue recorded is revenue earned, challenging the cost of sales the operating teams submit, and taking a hard commercial view of what the group spends. You will carry a cost-saving target and be measured against it.
You will lead an analytics team and work directly with the Head of Finance and the senior leadership team. The function reports into the monthly close and into the quarterly executive pack, so your work is read at board level from the first month.

What you will own

Profit and loss

Full ownership of the group P&L — revenue, cost of sales, operating expenditure and the margin between them, by entity and by business line.
A single commercial view of group performance that reconciles to the ledger, with the variance against budget and prior period explained rather than described.

Revenue assurance

Trace revenue from transaction to ledger and prove that what is recorded reflects what was earned.
Maintain a weekly and monthly register of revenue analysis: what has worked, what has not, where revenue is being lost, why, and whether the loss is a deliberate commercial choice or a leak.
Test recorded revenue for consistency against normal operating patterns and escalate what does not fit.

Cost of sales

Challenge the cost of sales submitted by each operating vertical — payout, acquiring, banking and the e-money business — and test it against the ledger and prior periods before it consolidates.
Report cost per transaction and cost as a percentage of volume by counterparty, so that routing and partner decisions can be made on cost rather than on habit.
Return a submission that does not survive challenge to the vertical that produced it.

Operating expenditure and cost optimisation

Own an annual cost-saving target agreed with the Head of Finance and deliver against it. Savings are evidenced and tracked to the ledger, not asserted.
Challenge operating expenditure across the group: vendor spend, licence and subscription costs, professional fees, travel, and the recurring cost base generally.
Build and maintain a pipeline of cost initiatives with a quantified value, an owner and a date against each.
Test proposed spend before it is committed and give the business a commercial answer, not a budget line.

Planning, forecasting and reporting

Monthly financial performance reporting and the monthly management pack.
Rolling forecast, with forecast bias measured and reported each quarter.
The annual budget — build, challenge and finalisation across every entity.
The quarterly executive deep-dive pack and the annual report pack.
Weekly revenue analysis, campaign and declined-transaction analysis, corridor performance, and the dashboards and data layer behind them.
Scenario and sensitivity analysis to support pricing, corridor and investment decisions.

Commercial and transaction support

Financial due diligence on mergers, acquisitions and new market entry, including the model, the assumptions behind it and the evidence under them.
Counterparty risk assessment, transferring into this role during the first year once the assessment standard is written and approved.
Analytical review and surveillance of the group’s real-estate and associated-company interests.

Challenge in the close

You hold challenger authority in the monthly close. Submissions from the operating verticals pass through this role before they consolidate, and the challenge report is produced alongside the challenge rather than after it.

Leadership

Lead and develop a team of analysts, setting the review and challenge standards the function works to.
Work directly with the operating verticals, treasury, growth and the senior leadership team. Much of the value of this role comes from holding a position in a room where the loudest view is not yours.

Your first hundred days

You will agree a thirty, sixty and ninety day plan with the Head of Finance in your first week. In broad terms:

By day thirty — the cost-saving target agreed and the initiative pipeline opened; the revenue analysis register running weekly.
By day sixty — cost of sales challenge exercised across a full close cycle; the first OPEX challenge delivered with quantified savings.
By day ninety — the P&L view established end to end, the counterparty assessment standard drafted, and the forward plan for the function agreed.

What we are looking for

Essential

A qualified accountant — ACCA, ACA, CA or CIMA — or an equivalent finance qualification with the experience to match.
Six or more years in commercial finance, FP&A or a comparable analytical finance role, including time spent challenging the numbers rather than only producing them.
Demonstrable cost optimisation experience with savings you can quantify and evidence.
Strong command of Excel and a working ability in SQL, Python or Power BI — enough to interrogate a dataset yourself rather than wait for someone to extract it.
Experience owning a P&L or a material part of one, with accountability for the variance.
The judgement to know which number matters, and the composure to hold a position under challenge from people more senior than you.
Clear written English. Much of this role is read, not presented.

Desirable

Experience in payments, remittance, banking or another regulated financial services environment.
Multi-entity, multi-currency group reporting.
Exposure to transaction due diligence or corporate development.
Experience building a function rather than inheriting one.

What success looks like

A year in, the group knows what it earns and what it costs to earn, by entity and by counterparty, from a single source that reconciles to the ledger. Cost of sales submissions have been challenged for twelve consecutive months and the challenge has changed decisions. The cost-saving target has been met and the savings are visible in the accounts. And the executive team asks you what the numbers mean before they ask anyone else.

About Us:

About ACE Money Transfer ACE Money Transfer is a UK-based multinational fintech headquartered in Manchester, United Kingdom. We provide fast, secure and affordable online remittance services to customers in 29 countries across the UK, Europe, Canada and Australia, and we enable cross-border money transfers to 100+ countries worldwide. Every day, our platform helps people support their families, pay for education and build better futures across borders. As part of the wider ACE Group, we combine a fast-paced growth culture with strong regulatory standards and a commitment to innovation in digital payments. At ACE you will work with talented, diverse teams across multiple regions and take real ownership of work that matters. You will also help shape the future of global money movement.

ACE Money Transfer profile: https://acemoneytransfer.com/company-profile

About the Company

ACE Money Transfer

Facilitates international remittances via online platform

ACE Money Transfer is a UK fintech that lets people send money internationally. Users fund transfers via website or mobile app using cards or digital wallets, and recipients receive by bank deposit, cash pickup at 375,000 locations, or mobile wallets in 100+ countries. It makes money from transfer fees and currency margins. Founded in 2002 and run by a family, it differentiates itself with a long track record, a wide cash-pickup network, and regulatory compliance; its goal is to provide reliable, affordable remittance with transparent fees and flexible payout options.

Company size: 201-500
Company stage: Not listed
Total funding: Not listed
Headquarters: Warrington, United Kingdom
Founded: 2002

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