Head of Revenue Control

Description

Who We Are

Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil!

With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers.

It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer's diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry.

With 600+ employees, Moneycorp prides itself in attracting some of the world's top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business.

Who You Are / Your Next Challenge

As the MoneyCorp Core Finance team continues to expand, we are committed to enhancing our systems, processes, and the expertise of our team to effectively manage the challenges that comes with growth.

The Head of Revenue Control will be instrumental in strengthening the Group's financial control capabilities, ensuring that our financial operations are robust, transparent, and aligned with our ambitious objectives. This position offers the chance to make a meaningful impact on our financial practices and support the Group's overall success.

What we're looking for:

• Managing a variety of stakeholders across the business including Front Office, Finance, Operations and IT
• Developing a first class financial control function encompassing all aspects of controllership including reporting, controls and balance sheet reconciliation
• Legal entity reporting for a rapidly growing International Group, including the strong understanding of international accounting standards
• Providing quality, accurate and timely analysis and information to management which encompasses the development, management and understanding of month end reporting and the control environment.
• Supporting project work affecting the business including business development, regulatory change and finance transformation
• Providing assistance to the forecasting and budgeting process and insight to daily MI as required.

Month End Reporting

• Develop and implement a monthly Balance Sheet reconciliation process covering:
• Cash - Firm versus Client
• Client and Vendor (Bank) Positions
• Physical Bank Notes and Consignment Cash
• Intercompany Balances
• Develop and implement a settlement process for Intercompany balances
• Improve revenue reporting including transparency of 3 rd party pay-aways (partnerships)
• Manage all Group allocations of cash across the organisation and should assist other financial control teams to ensure seamless reporting of the transfer pricing arrangements.
• Enhance the production and reporting of MtM valuations of derivatives and CVA valuations
• Working with Treasury to improve foreign currency sell-down process
• Enhance revenue reporting and reporting of operational risk events and monitoring of bad and doubtful debts
• Management of the core Front Office systems data flows to the general ledger to support improved automation and straight through processing
• To improve the timeliness of the month end reporting cycle

Management Reporting

• Significant contributor to the production of monthly divisional management accounts including analysis of variances and production of commentary
• Liaison with the wider business to ensure that certain revenue, costs, assets and liabilities are correctly reported
• Responsible for producing relevant balance sheet reconciliations
• Assisting Head of Treasury in identifying, explaining and reporting on working capital matters
• Assisting in preparation of Group MI pack, Executive Team pack and Board reports

The successful candidate will also become heavily involved in project work to automate current procedures, improve the control environment, and will work with a number of senior people across all divisions of the Group.

Knowledge and Experience:

• Qualified Accountant ACA/ACCA with 10 years or more post qualified experience
• Strong technical experience of international multi-currency consolidations under IFRS
• Experience of working within financial services and regulated entities
• Experience of end to end process flows and data quality management of FX or volume payments processes
• Experience of international groups or working in an international role
• SQL experience desirable

Skills:

• Outstanding interpersonal skills
• Clear strong communications skills, both written and verbal
• Demonstrable track record in improving management reporting processes and environment
• Outstanding analytical abilities, with an enquiring mind
• Robust, capable of clearly and strongly articulating position
• Ability to build relationships with stakeholders at varying levels of seniority
• Strong management and statutory accounting abilities developed ideally within a financial services/foreign exchange environment
• Previous experience of developing and improving teams
• Technically competent on accounting matters and Microsoft Office programs. Knowledge of SUN desirable.

Education:

• Qualified Accountant
• Big four experience - preferred but not essential

Personal Attributes:

• Curious and willing to learn / adapt.
• Respectful, professional and conscientious.
• Enjoys working in a fast-paced environment.
• Highly capable operating and executing independently, at times, and with larger multi-functional teams.
• Heavily driven to improve (self, team, process, company).

The successful candidate will be part of a dynamic team and work in a fast-paced environment, catering to a diverse mix of stakeholders with varying needs. Therefore, the ideal candidate should be a self-starter, as there is an opportunity to make an immediate and tangible contribution to the business.

Please note: This is a permanent role within the Finance team based in our London office.

What you get in return:

This role offers a competitive salary, plus a benefits package including private medical health insurance.

Interested?

If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.

Start date: ASAP

Diversity and Inclusion

Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams.

All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.