Funding Analyst, Salary Finance

Salary not provided

+ Bonus Scheme

Flow
Mid level
London

4-5 days a week in office (White City, London)

Salary Finance

Financial wellbeing employee benefits platform

Job no longer available

Salary Finance

Financial wellbeing employee benefits platform

201-500 employees

FintechB2CB2BPersonal financeLending

Job no longer available

Salary not provided

+ Bonus Scheme

Flow
Mid level
London

4-5 days a week in office (White City, London)

201-500 employees

FintechB2CB2BPersonal financeLending

Company mission

Salary Finance is on a mission to dramatically reduce the cost of borrowing for working people by collecting repayments via salary deduction.

Role

Who you are

  • Have a “can do” attitude and a problem solving mentality - you always look to improve new or existing processes
  • Are a qualified accountant or treasurer and can demonstrate relevant experience of operating and improving cash management processes, specifically within the regulated consumer lending sector
  • Can present complex technical details, concepts and information in an easy to understand format
  • You have demonstrable experience of building high quality cash management processes
  • Have real enthusiasm to work in a fast growth start-up - you will thrive if you are a self-motivated, fast-paced, action oriented, “roll up your sleeves and get-things-done” sort of person who wants to work in a small team where everyone makes a difference
  • Are passionate about technology and social impact and want to help grow a business that delivers a meaningful difference to society
  • Degree educated, preferably in a mathematical or finance related subject
  • Fearless, and able to make the impossible possible
  • Responsible, and want to help build a business that delivers a meaningful difference to society
  • Dedicated, and want to commit to an exciting journey even through the highs and lows
  • Empathetic, and truly care about every colleague and customer
  • United, because you understand we achieve more when we work as a team
  • Humble, and take feedback as a way to continuously improve

Desirable

  • You have previous experience in the FinTech industry and/or a scale up business
  • Experience with securitisation strcutures

What the job involves

  • We’re recruiting for a Funding Analyst to join our Finance team at Salary Finance, reporting to our Head of Funding, Financial Planning and Analysis
  • You’ll be responsible for managing our cash which will include; managing our debt facility requirements, monitoring the cash flow needs of the business, developing cash management processes and controls, managing our hedging strategy and generally being passionate about all things cash
  • Management of cash flow forecasting and liquidity requirements to ensure effective monitoring and utilisation of business cash; meeting funding requirements and operational needs
  • Managing draws from all existing and future debt facilities and being the main point of contact for lenders during the drawdown process
  • Ensuring existing facility terms are implemented, including designing and implementing processes to support existing facilities and any variations to existing facilities
  • Monitoring compliance with covenants and triggers across all existing and future debt facilities, including securitisation structures
  • Preparing all servicer reports for lending facilities, and being the main point of contact for lenders for any queries relating to the reports
  • Be proactive in enhancing the existing process and controls; building and maintaining a highly controlled cash management environment
  • Managing hedging strategy and appropriate execution of swaps to meet debt covenants
  • Build strong relationships with key stakeholders; both internally and externally
  • Working cross functionally to manage existing product funds flow requirements and to design, optimise and develop new flows as needed
  • Setting up and managing new banking relationships

Application process

  • Phone call with our Talent Manager - 20 mins
  • Video interview with Hiring Manager - 30 mins
  • Case Study to give you a taster of the role - 35 mins
  • In person interview with Hiring Manager, Head of Department, Stakeholder, and / or Team - 60 mins

Salary benchmarks

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Insights

41% female employees

36% employee growth in 12 months

Company

Company benefits

  • Company bonus scheme
  • 25 days holiday with an extra day off on your birthday
  • Hybrid working arrangements so you can work from the office and from home with a budget to help you get set up
  • Pension and life assurance, and an annual allowance to spend on medical insurance, health cash plan, denplan, gym memberships, etc.
  • Enhanced policies that are family and pet friendly, to include company sick pay and Peternity leave
  • Annual personal learning budget
  • Great career development in a fast paced environment
  • Regular company socials
  • Volunteer days as part of our CSR program
  • Being part of a collaborative and entrepreneurial team working in our brand new, purpose-built offices
  • More great perks to include complimentary fresh fruit weekly, cycle to work, help to save and much more!

Funding (last 2 of 5 rounds)

Dec 2020

$27m

SERIES D

Apr 2019

$32.8m

SERIES C

Total funding: $139.2m

Our take

Whether a function of genuine care or increased efficiencies, companies are increasingly looking to secure the financial wellness of their employees. Salary Finance delivers a suite of products for this purpose, all integrated into employers’ payroll systems.

Offering a range of financial wellbeing products, Salary Finance is unique for its unusually low default rate, which arises from the security of deducting repayments directly from a borrower’s salary, and the extra information it gains about its customers by tapping into their HR systems. Originating in the UK, the company expanded to the US to bring low-cost loans to working Americans. Its US arm has since merged with FinFit to form the "pre-eminent financial wellness platform" in the US.

Though Salary Finance faces significant competition from other startups like Neyber and Wagestream, that are also attempting to fix the "payday problem", few have been able to effectively provide as impressive a range of options as this startup. There is every reason to assume the company will build on its past success, and forge a path into a favourable future.

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Freddie

Company Specialist at Welcome to the Jungle