Financial Forecasting Analyst

iwoca · United Kingdom · posted 689mo ago

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About this role

The company

Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are.

That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed.

We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive.

The team

The FP&A team is responsible for driving strategic decision making through forecasting, analysis and reporting performance. You’ll work closely with the FP&A Manager and will also work with the wider finance team as well as other functions across iwoca.

The role

You’ll translate complex financial data into useful management information and produce annual budgets aiding long-term planning and growth.

Operational FP&A

Preparation of the monthly operating model, including reconciliations to accounting software and posting of journals required to complete the model;
Contribute to and improve forecasting methodology;
Assisting in the development and maintenance of data pipelines;
Assisting in preparation of monthly Board documentation and interim and year-end Budget documents;
Identifying and rectifying issues/areas for improvement in the monthly operating model;
Identifying and building datasets to compliment the enhancement of the monthly operating model;
Liaising with departments across the business to:
- Understand business developments and how they impact inputs to the operating model.
- Identify areas of inconsistencies between operating model forecasts and those used by the wider business to improve the accuracy of reporting.
- Understand reporting requirements for each department to increase quality of communication across the business.;
Reporting to external stakeholders
Uses AI tools to explore data, generate insights, and improve workflows, driving faster and more accurate analysis

Data engineering and product development

Contribute to the build out of iwoca’s forecasting platform
Design features, using AI tools to test and build
Integrate with other third-party tools e.g. Looker, Snowflake and NetSuite

The requirements

Good analytical skills, high level of accuracy and attention to detail
A growth mindset and be able to improve and develop our processes as we grow
Be able to work to deadlines and manage stakeholder expectations
Be able to learn quickly and embrace change - we are an innovative, fast growing company and always coming up with new ideas
Proficient user of excel
Experience with Looker, Snowflake or equivalent would be desirable
Willingness and curiosity to leverage AI to maximise quality, speed and rigour
Our approach to working from home is a ‘hybrid’ one, we will expect you to attend the London office twice a week.

The culture

At iwoca, we prioritise a culture of learning, growth, and support, and invest in the development of our team members. We value thought and skill diversity, and encourage people to explore new areas of interest, adopt better tools – including AI – and apply sound judgement so our products and decisions improve over time.

The offices

We put a lot of effort into making iwoca a great place to work:

Offices in London, Leeds, Berlin, and Frankfurt with plenty of drinks and snacks.
Events and community-led groups, including running groups, padel, and monthly ping-pong and pool competitions.

The benefits

Flexible working hours.
Medical insurance from Vitality, including discounted gym membership.
A choice between a dedicated dental plan or a health cash plan that reimburses everyday medical expenses.
A private GP service (separate from Vitality) for you, your partner, and your dependents.
25 days’ holiday per year, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave.
A one-month, fully paid sabbatical after four years.
Instant access to external counselling and therapy sessions for team members that need emotional or mental health support.
3% Pension contributions on total earnings.
An employee equity incentive scheme.
Generous parental leave and a nursery tax benefit scheme to help you save money.
Electric car scheme and cycle to work scheme.
Two company retreats a year: we’ve been to France, Italy, Spain, and further afield.