Group Financial Controller, Vitesse
2-3 days a week in office
Cross-border payment solutions
Job no longer available
Cross-border payment solutions
101-200 employees
Job no longer available
2-3 days a week in office
101-200 employees
Company mission
To be the treasury and payment provider of choice for the Insurance Market.
Role
Who you are
- Qualified ACA, ACCA, CIMA
- Previous experience working as a Group Financial Controller
- Experience in Financial Services and / or Payment Services
- Be a hands-on qualified accountant who wishes to work in a fast-paced, international venture capital environment
- Excellent problem solving & analytical skills
- Demonstrate proven staff management & development skills
- Be commercially aware and confident when liaising with both internal and external stakeholders
- Good communication skills with the ability to explain complex financial information in a clear and concise manner
- Organised, diligent with strong attention to detail
- A positive outlook and a continuous improvement mentality and strong systems and process skills
What the job involves
- Reporting into the CFO, the Group Financial Controller will oversee financial control and consolidated financial reporting, manage working capital and implement new technologies to automate and streamline process
- Lead, manage & develop the financial control team (currently 2 staff); support the wider Commercial Finance team as required
- Implement robust processes and controls across the Group companies, ensuring continuous improvement and the effective use of NetSuite
- Develop the finance operating model to support expansion into new territories such as the US
- Provide an accurate & timelier month-end close process with reconciliations, analysis & commentary
- Produce Management Accounts, include Balance Sheet, EBITDA, Cash flow, Regulatory Capital and key metrics
- Preparation of the Group consolidated accounts
- Work with Commercial Finance Manager to develop quarterly forecasts and annual Budget
- Ensure that appropriate accounting policies, including revenue recognition, are in place and compliant with accounting standards
- Oversee aspects of relevant compliance such as audits, monthly reporting to investors, statutory accounts
- Responsible for tax compliance and tax planning for the Group, including transfer pricing and ensuring appropriate intercompany agreements
- Treasury responsibilities, including near term cashflow reporting and maximising returns on corporate funds
- Continuously monitor and improve financial performance and identify areas for cost reduction
- Ensure appropriate insurance cover is in place across the Group
- Support relevant ESG activities, including responsibility for the measurement of carbon footprint
- Ownership of finance related responses to customer due diligence requests and RFPs
- A broad range of ad hoc projects including supporting financing activity
Salary benchmarks
Otta's take
Theo Margolius
COO of Otta
Vitesse PSP is a payment business providing global payment services to a range of businesses. Operating on one of the largest domestic banking and payment networks in the world, Vitesse gives its customers direct access to over 170 countries' domestic payment networks and processes over $6B in transactions.
It's focused on serving customers in the insurance market by providing improved liquidity management and faster claims settlement. Insurance is the largest market in terms of revenue, as well as the fastest growing, and as a result of Vitesse's success in the Lloyds of London market, the company has established itself as an industry leader.
Having closed a successful funding round, the company aims to double its revenue in the coming years whilst also focusing on growing its team across London and Rotterdam, and establishing a presence within the US market.
Insights
Some candidates hear
back within 2 weeks
36% female employees
60% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
May 2024
$93m
SERIES C
Feb 2022
$26m
SERIES B
Total funding: $127.4m
Company benefits
- Enhanced parental leave
- Sabbatical after 5 years' service
- 25 days holiday per year and bank holidays
- Hybrid working arrangements
- Contributory pension scheme
- Cycle to work scheme
- Private medical insurance with AXA
- Free access to Oliva our Mental Health Therapy partners
- Financial coaching with Octopus Wealth
Company values
- CONFIDENT HUMILITY - We don't do ego and we know that unless we all win, none of us win. We admit when we're wrong, we ask for help and always think about the wider business before ourselves
- DRIVEN TO SUCCEED - We see the opportunity ahead of us and we won't stop until we fulfil the potential we know we have. We hold ourselves to high standards and deliver high quality outcomes for Vitesse and our Customers
- TENACIOUS RESPONSIBILITY - We take ownership for our actions and decisions, and face into the challenges that come our way. We are committed to seeing things through to completion, even in the face of adversity
Company HQ
Holborn, London, UK
Articles
Founders
Paul Townsend
(Chairman)Experienced in banking having previously worked for Barclays, Bank of New York, Earthport, and Neteller. Also founded the global payment service, Envoy Services.
Phillip McGriskin
(CEO)An experienced CPO having worked for Worldpay. Was also the Founder and CEO of Envoy Services.
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