Finance Analyst

undefined ago • All levels • Finance • $45,000 PA - $55,000 PA

Job Summary

Job Description

Monzo is seeking a Costs Analyst to strategically understand, report, and analyze costs, partnering with a senior manager for a horizontal business area. The role involves supporting new initiatives, building business cases, and applying an analytical approach to ensure adequate resources for hypergrowth. The focus is on optimizing cost/benefit for services and products, not cost-cutting, while balancing detailed analysis with the big picture.
Must have:
  • Being a strategic analyst overseeing horizontal function (Technology or People team)
  • Supporting a horizontal team in achieving their budget, building efficiency plans jointly to reach Group objectives and ensuring these are managed in line with business plans
  • Challenging the current cost structure, driving investment decisions toward smart, efficient and scalable solutions
  • Preparing management information, insights & reporting to senior leadership team, highlighting emerging issues & potential future challenges
  • Developing cost performance reporting and routines, dashboards and scenario-planning tools
  • Collaborating with broader FP&A team to understand and explain cost performance and variances to plan as part of overall performance tracking
Good to have:
  • Passion for learning and interest in working in a fast-paced environment is a plus
Perks:
  • Share options
  • Hybrid working environment
  • Flexible working from home arrangements
  • Flexible working hours
  • £1,000 learning budget each year to use on books, training courses and conferences

Job Details

About the role

We’re looking for a Costs Analyst who will be responsible for understanding, reporting and analysing costs at a strategic level, partnering with a senior manager to support a horizontal business area and their team. The right candidate will enjoy supporting the business with new initiatives as well as building business cases and is comfortable with both digging into details and thinking about the big picture. The role is not focussed on cost-cutting, but rather applying an analytical approach to ensuring that we have adequate resources to deliver against the needs of our hypergrowth business, and achieve the best cost/benefit for the services and products that we procure.

You’ll play a key role by...

  • Being a strategic analyst overseeing horizontal function (Technology or People team)
  • Supporting a horizontal team in achieving their budget, building efficiency plans jointly to reach Group objectives and ensuring these are managed in line with business plans
  • Challenging the current cost structure, driving investment decisions toward smart, efficient and scalable solutions
  • Preparing management information, insights & reporting to senior leadership team, highlighting emerging issues & potential future challenges
  • Developing cost performance reporting and routines, dashboards and scenario-planning tools
  • Collaborating with broader FP&A team to understand and explain cost performance and variances to plan as part of overall performance tracking

We’d love to hear from you if you have...

  • An analytical mindset and financial knowledge, including financial modelling capabilities
  • Experience of preparing analytical reports that drive business decisions
  • Passion for learning and interest in working in a fast-paced environment is a plus

What’s in it for you

💰 £45,000 - £55,000 ➕ share options.

📍This role is based in our London office, with a hybrid working environment, flexible working from home arrangements and some in-person attendance.

⏰We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

📚£1,000 learning budget each year to use on books, training courses and conferences.

➕ Plus lots more! Read our full list of benefits

The application journey has 3 key steps:

  • Phone call with recruiter (30mins)
  • Video interview with a team member from the finance team (45 mins)
  • Video interview with a senior finance manager (30 mins)

Our average process takes around 3-4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on business-hiring@monzo.com

We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out.

#LI-NZ1

Equal opportunities for everyone

Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don't need full or birth names at application stage 😊

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About The Company

We’re building the best bank in the world - a bank you'd be proud to use - and that means bringing together a talented team with diverse experiences, backgrounds and skills. We believe there should be an alternative to the banking of the past: we're focused on solving problems, rather than selling financial products, making your financial life simpler, and giving you complete control from your smartphone. Internally, we encourage an open, collaborative, inclusive working environment. We contribute to open source software, and we continually engage with our wonderful community. We’re hiring talented, creative problem-solvers to help us build the bank of the future.

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