Finance Manager, Abound
Plus equity
2-5 days a week in office
Personal loans & SaaS credit decisioning platform
Be an early applicant
Personal loans & SaaS credit decisioning platform
21-100 employees
Be an early applicant
Plus equity
2-5 days a week in office
21-100 employees
Company mission
To make affordable loans available to more people. We have built award-winning technology to look beyond credit scores and offer fair credit to people ignored by traditional lenders.
Role
Who you are
- Qualified finance professional with either ACA, CIMA or CFA certification
- Proven experience demonstrating a strong track record of success
- Good understanding of financial management, accounting principles, and regulatory frameworks
- Excellent analytical and problem-solving skills, with a keen attention to detail
- Strong interpersonal skills, with the ability to influence and collaborate at all levels
- Effective communication skills, both written and verbal
- Experience using Oracle NetSuite would be beneficial
- Strong PowerPoint and presentation skills
- Detail-oriented with a focus on accuracy and consistency
- Experience in producing executive-level presentations and reports
- Team player with strong collaboration and communication skills
What the job involves
- Treasury Planning and Cash Management: Manage all aspects of cash management across the business including operating and financing cashflows
- Optimise funding efficiency through the effective deployment of financing cash across each of the Fintern financing vehicles
- Conduct in-depth financial analysis to provide insights into funding efficiency performance and trends
- Optimise the use of all Fintern cash to provide the best return possible
- Manage the hedging strategies for Fintern balancing risk exposure with commercial impacts
- Management Reporting: Prepare and present accurate and timely financial reports to the Board and Executive Team of Fintern
- Provide insightful commentary on financial results, highlighting key performance indicators
- Implement robust reporting mechanisms to enhance decision-making processes
- Working Capital Management: Forecast, manage day to day, and report the working capital needs across all aspects of the business. Highlight risks and opportunities through well structured reporting and insights
- Risk Management and Compliance: Monitor and assess financial risks, implementing strategies to mitigate potential issues
- Ensure compliance with accounting standards, regulatory requirements, and internal policies
- Work with internal and external auditors to facilitate successful audits
Application process
- 1. 30 Mins initial call with People Team
- 2. 1 hour interview with hiring manager
- 3. 2 hours onsite interview
Salary benchmarks
Our take
Borrowers in the UK have been consistently over-charged in recent years, with lenders rejecting requests mostly on the basis of poor credit histories. Through Open Banking, Abound (formerly Fintern) is working to build a different approach that evaluates live transaction data, usually ignored by traditional lenders, in order to offer loans at more favourable prices.
Traditional banks are also slowly starting to use Open Banking data for income verification while other emerging firms, like Abound, are using it to support underwriting decisions. The company's technique allows it not to exclude people with limited or poor credit history and, instead, aims at defining a repayment plan that borrowers can realistically sustain over time.
A forward-looking approach is strongly needed in the lending industry, with the main improvement being the consideration in lending decisions of each customer's current circumstances and recent history. The challenge for Abound in the near future is to effectively exploit machine learning, technology and Open Banking Data while differentiating from the rest of the industry with its own customer-centric approach.
Freddie
Company Specialist
Insights
Company
Employee endorsements
Intelligent people
"Everyone at Abound is focused on innovating and always willing to experiment new approaches and ideas. It makes the environment very stimulating."
Company benefits
- Everyone owns a piece of the company 📈Equity
- 25 days’ holiday a year, plus 8 bank holidays
- Save up to 60% on an electric vehicle through our salary sacrifice scheme with Loveelectric
- We offer all employees an affordable loan of up to £10k. The amount you can borrow may vary slightly, depending on your personal situation.
- Regular team lunches and events
- We invest in your training to help you grow in your career. Learn a new programming language. Sharpen those communication skills
- Free gym membership at the Circle Gym & Spa
- Free breakfast and snacks in the office. We’ll even cover your dinner if you’re working late
- Birthday cakes in the office
- Team wellness budget to be active together - set up a yoga class, a tennis lesson or go bouldering
- 2 paid volunteering days per year to all employees with the company charity - Spread a Smile
Company values
- Our customers come first
- We are all owners
- We move fast but thoughtfully
- We win as a team
Company HQ
St Katharine's & Wapping, London, UK
Founders
Gerald Chappell
(CEO)Ex-Partner at McKinsey and EY. After leading McKinsey’s Digital Lending practice globally, they got frustrated with how slow banks were at adopting AI and new technology - it was time for a change.
Dr. Michelle He
(COO)Ex-Director at EY with a PhD in Machine Learning. 15 years of experience in financial services convinced them that another way of doing credit was possible.
Diversity & Inclusion at Abound
Dr. Michelle He (Co-founder and COO)
- We've always wanted to build the best possible team, regardless of accent, gender or background. Our team at Abound is diverse at every level. We help each other and work as a team to achieve our shared mission.
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