Accounts Assistant, 12 Month Fixed Term Contract

Our Financial Operations Team:

Our team sits within Monzo's Finance collective, our job is to ensure we pay our suppliers & employees on time, ensuring invoices are posted correctly in the ledger. We work closely with the Financial Control team to ensure the figures are correct for month end, as well as supporting Tax with their reporting. We're currently a team of 8 based in our Cardiff & London offices.

You'll be working on all aspects of Accounts Payable & Accounts Receivable, ensuring our invoices & employee expenses are processed & approved in line with policy, ensuring day-to-day process runs smoothly and accurately, stakeholder queries are resolved within our SLAs, assisting with reporting. Timely preparation of month end tasks to ensure a smooth month end close.

We have some really exciting challenges coming up like a new expenses system Concur implementation, the introduction of Purchase Orders across the Business, expanding into Europe, pushing forward with our automation plans, continuing to grow our customer base, growing our lending business and adding to our marketplace. You'll work on scaling Monzo in a controlled way, while helping us optimise our financial control processes with the help of technology. You'll report to our Financial Operations Team Lead.

Key Responsibilities:

• Processing multi-currency invoices for UK, EU & US subsidiaries.
• Reviewing employee expenses and approving them for payment.
• Monitoring emails and Slack channels and responding to suppliers and colleagues queries.
• Creating new suppliers in the system and ensuring that supplier onboarding process has been completed.
• Preparing weekly payment runs, making sure invoices have been approved in line with our policy and suppliers being paid on time.
• Helping with our VAT reporting and processes & corporation tax.
• Run ad-hoc reports for our stakeholders across Finance.
• Preparing aged creditor & debtor reports, identifying any issues.
• Reconciling supplier statements, identifying discrepancies and resolving them.
• Supporting our Accounts Receivable function, raising new invoices and chasing for payments.
• Preparing weekly & monthly Bank reconciliations.
• Month end responsibilities such as preparation of accruals.
• Helping the Finance team with delivery of a timely month end.
• Keeping our process documentation up to date and documenting from scratch new processes and controls.
• Supporting the team in the automation of processes & new system implementations.
• Helping to resolve team inquiries, and picking up ad-hoc tasks as they come in (e.g reports on spend for particular suppliers etc.).