Statutory Accountant

Statutory Accountant

About Pockit & Monese

Pockit and Monese are the all-in-one money apps that make it easy for people to access and manage the financial tools that put them in control of their money. We provide vital financial services, from e-money accounts through to income advance products to over three million customers across the UK and Europe. In October 2024, Pockit acquired Monese, creating the leading fintech for anyone who is budgeting, saving, or just trying to stay on top of their finances. Both firms are regulated by the FCA.

Following the acquisition of Monese, the business is on a trajectory of growth as the two organisations harmonise and integrate in both the UK and across Europe.

Role Overview

This role sits within our Financial Control team which is responsible for the main statutory and financial reporting obligations of the group companies.

This role reports to the Group Financial Controller, and is focussed on ensuring all statutory reporting obligations are delivered in a timely and accurate manner, and will also be instrumental in developing and implementing key financial controls across the team, be involved in driving a range of finance related process improvements and initiatives.

It is a hands-on position requiring a self-driven individual with exceptional communication, organisation, and analytical skills. Collaboration across various finance, business and regulatory functions will be a key part of this role.

Role Responsibilities

• Co-ordinate and manage the year-end audit process across the Pockit and Monese group.
• Draft accounting technical papers for approval to support accounting decisions, particularly around share options, impairment reviews, capitalised development costs, share issues, acquisition/disposals.
• Manage and prepare the consolidation of multi-currency subsidiaries; prepare consolidated year-end financial statements in accordance with IFRS, drafting disclosures for statutory accounts.
• Stay current with accounting standards and regulatory requirements, and co-ordinate with wider finance functions to implement these.
• Co-ordinate with company secretarial regarding statutory filings
• Completion of quarterly VAT submissions
• Review of corporation tax computation, preparation of annual R&D claims and co-ordination with external tax advisors.
• Review of monthly payroll and co-ordination with payroll providers and HR to implement any changes in benefits; manage share options accounting.
• Good understanding of UK tax frameworks including corporation tax, VAT, payroll taxes, and transfer pricing
• Responsible for any FCA-related finance submissions
• Responsible for accounting for capitalised development costs, goodwill, equity, reserves, and loans; including posting the relevant accounting entries on the accounting system.
• Implementation and co-ordination of monthly balance sheet reconciliation process; performance and review of balance sheet reconciliations
• Review of month-end reporting and preparation of monthly finance packs with variance analysis
• Responsibility for finance treasury operations, managing the treasury flows bi-monthly to ensure cash is optimised, approving payments to suppliers and implementing controls around payments.
• Review, documentation of finance processes, identifying and implementing key controls.
• Training and development of junior accountants/finance operations
• Build strong working relationships across wider Finance Team, Treasury, Regulatory and external advisors, and auditors.
• Contribute to finance projects (eg entity integration, process/system changes)

Experience/Competencies

Essential

• Qualified accountant (ideally UK-based ACA) with at least 2 years post qualification experience in a similar position.
• Audit-trained from a medium/large accountancy firm, with experience of supervising and co-ordinating external audits.
• Experience of documenting processes and key controls
• Strong understanding and technical knowledge of IFRS
• Hands-on experience of preparing IFRS consolidated statutory financial statements, including disclosures.
• Experience of roles in medium sized companies (circa over £40m turnover) with multi-currency ledgers and consolidations
• Experience of preparing technical papers
• Excellent in Microsoft Excel and proficient in PowerPoint and navigating various accounting systems for efficient data management and reporting.
• Experience in managing small teams, and training & development of junior staff.
• Meticulous attention to detail
• Demonstrates a risk and controls mindset, ensuring deliverables are of high quality and documented appropriately.
• Self-motivated and self-driven individual, taking responsibility and ownership in delivering high quality work within set deadlines, in a fast-paced environment.

Desired

• Experience of corporate restructures (acquisitions, disposals)
• Experience of working in or with financial services businesses regulated by the FCA
• Experience in understanding new reporting requirements and process change.
• Commercial mindset, with the ability to identify problems, propose and implement solutions.
• Experience with accounting system integrations
• Experience of SOX/controls testing

Work Location

The primary place of work is Pockit's headquarters in London, UK, where the role will be expected to be in the office 3 days a week (Monday, Tuesday and Thursday). The role may involve some hybrid working, but the candidate is expected to be present for key leadership and collaboration functions as needed.

Benefits

• Generous stock options and competitive salary
• Bupa Private Medical Insurance
• 25 days annual leave
• Enhanced parental leave policies
• Enhanced sick days
• Learning and development budget and days off
• Days off for birthday, wedding and volunteering
• more