Accounts Assistant, Bits
Store card for building credit
Job no longer available
Store card for building credit
21-100 employees
Job no longer available
21-100 employees
Company mission
To promote financial inclusion by providing a path to credit for those neglected by mainstream lenders.
Role
Who you are
- Bachelors in Commerce or Inter CA with 5-7 years relevant experience
- Comfortable with data, eye for detail, highly analytical, diligent, good oral and written communication skills
- Good knowledge of Excel and comfort with new systems will be an advantage
What the job involves
- Posting vendor invoices accurately and making third party payments on time
- Assisting in managing employee expenses, payroll and contractor payments
- Storing and submitting invoices to the accountant
- Ensuring monthly accruals are booked
- Assisting with ad-hoc MIS request on daily basis
- Preparing analytical reviews and commentaries on Sales and Cost data
- Providing meaningful information and reports to the team which assists in decision making
- Identifying reporting needs which can be valuable in our fast growing organization
- Assisting with ad hoc requests as requested by the team
Salary benchmarks
Otta's take
Theo Margolius
COO of Otta
Oftentimes, the advice to those with low credit is to build it up with the careful use of high-interest credit cards. However, this comes with the obvious downside of being high risk as well as high reward. Bits, instead, helps people with low credit to improve their scores with a subscription store card that lets them access in-store savings while quickly raising their credit score.
Millions of people in the UK have difficulty accessing financial services due to their credit scores, so it is no surprise that a number of other startups like Pockit and Portify have emerged offering alternative products for this underserved group. Bits, however, stands out for its unique approach that doesn’t put people into any debt at all - with the company making no money on interest.
As Bits has grown, it has expanded its product and now reports to Equifax and TransUnion on top of Experian. Boasting 300,000 users and a strong rating on Trustpilot, it is clear the company has already made an impact and it will be interesting to see what it does in the future.
Insights
Few candidates hear
back within 2 weeks
Company
Funding (2 rounds)
Aug 2020
$0.2m
SEED
Oct 2018
$0.2m
SEED
Total funding: $0.4m
Company benefits
- Free fruit in the office
- 28 days holiday, including bank/national holidays
- Laptop and phone of your choosing
- Regular team meals
- Team socials
Company HQ
Westminster, London, UK
Articles
Founders
Faisal Khalid
(CEO)A Harvard graduate in Economics, Faisal has over a decade of experience in major payment companies such as American Express. More recently, they founded Paysnapp, an online payment service for low income migrant workers which was acquired by VFD bank.
Share this job
View 2 more jobs at Bits