GENERAL INFORMATION

Job Title
Group Financial Accountant
City
London
Country
United Kingdom of Great Britain and Northern Ireland
Division
Finance
Department
Finance

DESCRIPTION

Thought Machine’s mission is bold - to properly and permanently rid the world’s banks of legacy technology. To achieve this, we have developed the foundations of modern banking through core and payments technology which run natively in the cloud. What we are attempting is hard and means we need great people working together to build great technology.
We have grown rapidly in the past few years - growing our team to more than 550 individuals across offices in London, New York, Singapore and Sydney. We have raised more than $500m in funding and are now valued at $2.7bn. Our investors include Molten Ventures, Eurazeo, Intesa Sanpaolo, Temasek, Nyca Partners, JPMorgan Chase Strategic Investments, Standard Chartered Ventures, and more.
We have created a culture enabling our team to produce the best work in the industry, ensuring we have fun along the way. We’re regularly cited as having a fantastic workplace culture and have been recognised by Sifted magazine as having one of the highest Glassdoor ratings for a UK fintech company and the most generous employee share package in the industry. Global Finance Magazine named us one of the world’s most innovative fintechs, and the Financial Times recognised us as one of Europe’s fastest-growing companies in 2023.
Reporting to the Group Financial Controller, the Group Financial Accountant will become a key member of the finance team, covering a wide range of critical finance responsibilities and provide a superb springboard for an ambitious candidate looking to progress their career in finance. This is an opportunity to make an impact as a qualified accountant who thrives on finance change and projects and be responsible for providing best in class finance processes through the group companies.

BENEFITS

• Highly competitive salary
• Pension plan (match up to 5%)
• Life insurance - three times annual salary
• Competitive maternity (six months fully paid) and paternity leave (four weeks fully paid)
• Shared parental leave (matched to our maternity leave for the same point in time)
• 25 days holiday and bank holidays
• Flexible working hours
• Cycle-to-work scheme
• Electric car scheme
• Season ticket loan
• Access to outstanding learning materials and courses
• Sports and hobby clubs, subsidised by Thought Machine
• All the latest tech you need
• Start the day properly with fresh fruit and cereals
• Huge range of healthy (and not-so-healthy) snacks, smoothies and drinks
• A talented and experienced team as your colleagues
• An environment where we encourage learning and progress
• Two charity days a year
• Weekly food pop-up
  Thought Machine is committed to making a measurable positive impact on people’s everyday lives. We are an equal-opportunity employer and value diversity at our company.
  We actively hire candidates who demonstrate technical excellence in their field and welcome people of all ages and backgrounds, providing everyone with equal access to professional development. You are encouraged to apply even if your experience doesn’t accurately match the job description. We also encourage applications from those with different abilities, including candidates with ADHD, autism, dyslexia or dyspraxia.

• Responsible for the group revenue recognition and accounts receivable processes, including application of IFRS 15 across product offering, billing and collections, collaborating with Sales and Legal teams to review customer contracts, and working closely with business units to ensure compliance with revenue policies.
• To become the subject matter expert for the revenue/billing module within Workday ERP system by taking responsibility for reporting from the system, ensuring data integrity and generating new analytical insights from the operational data.
• Own the month-end close process in relation to revenue process, including group wideIFRS accounting, journals and reconciliations.
• Assistance with the preparation of management and statutory accounts across the group.
• Provision of high quality technical accounting and financial analysis as needed
• Improve transactional and reporting processes and controls, taking charge of monitoring and identifying ways to make processes more efficient.
• Assess and understand the consequences of changes to accounting standards and reporting practices and proactively raise the implications they will have on the business
• Ensure that VAT returns are prepared accurately and submitted on a timely basis and working with external tax advisors
• Other ad hoc tasks to support the wider finance team