Senior Accounting & Financial Operations Analyst

Senior Accounting & Financial Operations Analyst

Monzo Bank is on a mission to make money work for everyone, moving away from the complex traditional banking models. Having started as a prepaid card, our product offering has significantly grown in the UK over the last 10 years, now including personal and business bank accounts, joint accounts, accounts for 16-17 year olds, free kids accounts, and credit cards, with more innovations on the horizon. Our UK customers also have the option to save, invest, and combine their pensions with us.

Known for our hot coral cards and get-paid-early feature, combined with strong financial education on social media and award-winning customer service, we are dedicated to creating 'magical moments' for our customers. At Monzo, our focus is not on selling products but on solving problems and changing lives.

We are building the future of digital banking in the US, prioritizing people over fees. We believe money should empower individuals to grow, save, and spend in ways that fit their lives. After becoming a beloved digital bank in the UK, trusted by millions, we are bringing the same innovation and heart to the U.S. to help people take control of their finances with clarity, simplicity, and confidence.

Our U.S. team is committed to making digital banking that helps your money grow, your way. From cashback rewards tailored to your habits, high-yield savings without hidden catches, to smart budgeting tools, every feature is designed to uplift, not complicate. What truly distinguishes Monzo is our people – a team of builders, problem-solvers, and big thinkers united by the belief that finance should be fair, transparent, and empowering. We deeply care about our work's impact on real lives. If you're ready to contribute to a bank that rewards authenticity, we invite you to grow with us.

About Us

Monzo Group is a leading financial technology company serving over 13 million customers in the UK, dedicated to modern banking solutions. Our banking app boasts high daily engagement, an industry-leading Net Promoter Score, and award-winning customer support. We have successfully raised over $1 billion from prominent investors like Capital G, Ribbit Capital, TenCent, YCombinator, Stripe, and Coatue, achieving a $5.9 billion valuation in 2024.

Our US operations are just beginning. We function as an agile, full-stack team, much like an early-stage startup, but with the robust financial, operational, and engineering support of a larger company. Our focus is on developing an exceptional US product, iterating rapidly, and deepening our product-market fit. We seek highly driven, enterprising individuals to join our mission of making money work for everyone.

Our Finance Team

We are seeking an experienced, commercially minded Senior Accounting & Financial Operations Analyst to lead our US financial accounting function and help build a world-class finance organization. This role is ideal for a qualified accountant with strong technical foundations, ready to take ownership of core accounting processes and partner closely with the business during our growth phase.

You will be responsible for ensuring high-quality financial reporting and robust controls, while also evolving our accounting processes and systems to support scaling. This involves addressing complex accounting questions, supporting new product launches, overseeing supplier and financial operations, and contributing to the development of our global finance infrastructure.

Monzo has an exciting roadmap, including continued US business growth, expansion into the European Union, new product and marketplace launches, and significant systems implementations. In this role, you will help ensure controlled and well-governed scaling, leveraging technology and automation to enhance efficiency and insight across financial accounting.

Key Responsibilities

• Managing the internal Finance team process to ensure a swift month-end close, including accruals, bank accounts, supplier payments, and tax postings.
• Understanding the business and products to write insightful management commentary.
• Collaborating with engineers and data teams to automate routine tasks, allowing focus on high-value contributions.
• Helping to understand differences between US GAAP and IFRS accounting.
• Learning SQL skills to run reports and propose scalable, efficient process solutions.
• Maintaining existing controls and developing new ones to protect financial data and support balance sheet substantiation.
• Supporting the year-end process, working with external auditors and the Financial Reporting squad.
• Reviewing new products, assessing their accounting implications, and implementing them in our banking platform and accounting system.
• Working with the business to assess accounting standard changes and propose accounting policy for new products.
• Helping maintain the integrity of our chart of accounts and financial static data.
• Assisting with payment runs for a growing number of suppliers, liaising with the UK Financial Operations team.
• Supporting US tax activities, coordinating with external advisors and the Group Tax team.
• Resolving miscellaneous inquiries and providing overall support to the finance team, including forecasting, valuations, bank transfers, transfer pricing, and tax policy research.

Requirements

• You are a qualified accountant with an audit background and experience in financial accounting and control outside of practice. Banking knowledge is a plus.
• You possess a great eye for detail.
• You are fascinated by the banking and regulatory landscape and have a good understanding of key financial controls.
• You are a self-starter who tackles necessary tasks, from bank transfers to investor reports.
• You can translate complex information into simple terms for diverse audiences.
• You are interested in using data (SQL skills are a bonus).
• You thrive in dynamic and constantly evolving environments.
• You are excited by Monzo's mission.

Monzo encourages all qualified candidates to apply, even if they don't meet every single requirement. We are committed to building a diverse and welcoming team.

Benefits

• Great Health, Dental, and Vision Insurance
• Competitive salary (Office Based: San Francisco / New York $89,300 - $120,800; Remote US (East Coast desired): $71,400 - $96,600)
• Share Options
• Generous 401k with 4% employer match
• 32 days of vacation and public holidays per year (required to be taken)
• Maternity / Paternity leave
• Flexible working hours, trusting employees to work effectively at times that suit them and their team.

Application Journey

The application process involves four key steps and is expected to take 3-4 weeks:

• A quick call with a Recruiter
• A video-call with the Hiring Manager
• A role-specific case study
• A 2-stage interview loop (Role Specific & Behavioural)

Monzo provides guidelines on using Artificial Intelligence (AI) for applications and interviews.

Equal Opportunities

Diversity and inclusion are priorities for Monzo, with extensive support for employee growth. We foster an inclusive environment where all individuals can thrive, aligning with our mission to make money work for everyone. Monzo is an equal opportunity employer, considering all applicants without regard to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity, or disability status. Applicants are encouraged to use their preferred name.

Key skills/competency

• Financial Accounting
• Financial Operations
• Month-end Close
• US GAAP
• IFRS
• Financial Controls
• Audit
• SQL
• Financial Reporting
• Banking Regulations