Finance Analyst

Monzo Bank: Finance Analyst

We’re on a mission to make money work for everyone. Monzo Bank is revolutionizing traditional banking with innovative solutions. Starting as a prepaid card, our product range in the UK has significantly expanded over the last decade, now including personal, business, joint, and youth bank accounts, as well as credit cards. We also enable UK customers to save, invest, and combine pensions. Known for our hot coral cards, get-paid-early feature, financial education, and award-winning customer service, we consistently create magical moments for our customers. Our focus is on solving problems and changing lives, not just selling products.

About the Role

We are looking for a Finance Analyst to join the Cost Team, providing accurate reporting, insightful analysis, and decision support to non-finance stakeholders. This is a hands-on, critical role for an individual with strong technical finance skills and a keen interest in how business decisions translate into financial impact. Key responsibilities include generating accurate monthly cost reports, contributing to team forecasts with clear assumptions, providing informed variance explanations, and delivering insightful analysis to support cost control and efficiency.

Key Responsibilities

• Assist in the review and validation of opex transactions for accuracy and correct cost allocation.
• Maintain cost tracking models (latest opex estimate), ensuring they reflect the most current assumptions.
• Prepare cost reviews and presentations, summarizing spend against the latest forecast, identifying risks and opportunities.
• Collaborate with non-finance teams to understand financial movements and update the opex estimate.
• Contribute to the forecasting process, including collecting inputs, validating assumptions, and reviewing packs.
• Assist with the budgeting process, consolidating submissions and performing checks.
• Maintain clear cost models with documented logic and concise outputs.
• Provide supporting analysis for external audits and regulatory requests as appropriate.
• Support Finance Analytics in automating manual reports into dynamic dashboards.
• Ensure all meetings have an agenda, agreed actions, owners, follow-ups, and timelines.
• Support the preparation of process and training documentation within your remit.
• Uphold the behaviours and conduct that contribute to Monzo values and culture.

What We're Looking For

• Demonstrable experience in FP&A, accounting, economics, analytics, statistics, or a related field.
• Relevant qualification or openness to working towards a relevant accounting qualification.
• Experience using SAP and/or Anaplan (desirable).
• Advanced knowledge of formulas in Google Sheets or Microsoft Excel.
• Experience in business modelling and data visualisation to support insights and storytelling.
• Experience using Looker or PowerBI (desirable).
• Knowledge of SQL or use of Big Query (desirable).
• Ability to explain and present work in a simple, clear, and concise manner.
• Good organisation skills and stakeholder management skills (managing expectations).
• Effective at presenting in meetings with non-finance teams.
• Demonstrable initiative to improve data, processes, or collaboration.

What You'll Get

• 💰 Salary: £45,000 - £52,000.
• 📍 Location: This role is based in our London office, offering a hybrid working environment with flexible working from home arrangements and some in-person attendance. We're also open to distributed working within the UK, with occasional visits to our London office for key meetings.
• ⏰ Flexible Hours: We offer flexible working hours and trust you to manage your time effectively to perform your role well.
• 📚 Learning Budget: £1,000 learning budget each year for books, training courses, and conferences.
• Plus many more benefits!

The Application Process

Our application journey typically involves two key steps:

• Phone call with a recruiter (30 minutes).
• Video competency-based interview with two team members (60 minutes).

The average process takes 2-4 weeks, and we will always accommodate your availability. Please submit your application as soon as possible as we close the role once we receive sufficient applications.

Diversity & Inclusion

Diversity and inclusion are fundamental priorities at Monzo. We are committed to fostering an inclusive environment where everyone can thrive and do their best work. This commitment is integral to our mission of making money work for everyone. We are an equal opportunity employer and consider all applicants without regard to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity, or disability status. Please use your preferred name when applying; full or birth names are not required at the application stage.

Key skills/competency

• Financial Planning & Analysis (FP&A)
• Cost Management
• Financial Reporting
• Forecasting & Budgeting
• Data Analysis
• Google Sheets / Microsoft Excel
• Stakeholder Management
• Data Visualization
• Process Improvement
• SQL / BigQuery