FP&A Manager

Financial Planning & Analysis Mgr

Ref: 1334Wednesday 21 July 2021

£dependent on experience

We are delighted to offer a unique and exciting opportunity to join a dynamic, innovative and fast-growing company within Financial Services. If you enjoy working in a vibrant organisation which embraces data science and are truly customer-focussed but want something different than the usual Banking environment, then this is an opportunity for you.  Our client is a fintech consumer lender who are well established (over 5 years old and already lent £200m+) and heading for huge growth over the coming years following significant investment.  They have big plans to disrupt and become the dominant force in the UK consumer finance sector using a data-led approach to everything they do.  

 

Our client is diversifying its funding model to include on-balance sheet lending, complementing its well-established and market leading P2P platform. In addition to funding diversification, balance sheet lending creates P&L diversification as the group moves from a purely capital light, fee-based revenue model to one that also incorporates a more capital intensive, spread-based revenue model. The balance sheet will be capitalised by their new private equity owner (who acquired the business in 2020) with lending funded by a mix of equity and wholesale financing.

 

To support the firm as it expands its funding model, we are seeking a candidate for the newly created role of FP&A Manager. In this role, reporting directly to the Head of Strategic Finance, you will be responsible for strategic financial modelling and forecasting. This will involve synthesising and stressing asset side and liability side modelling, in addition to collating and projecting group corporate overheads, in order to build and maintain a comprehensive group wide financial model and associated MI.

 

You will be working closely with the CFO as well as the COO and Head of Strategic Finance, and key part of stakeholder management and reporting.  

 

Key responsibilities:

  • Refining, maintaining and stressing the long-term financial model
  • Oversight of the annual budgeting process and monitoring/analysis of performance against key metrics
  • Measurement of asset-liability performance vs budget
  • Coordination of business input to financial assumptions, and holding stakeholders to account
  • Forecasting of shareholder drawdown schedules
  • Identification of strategic opportunities to optimise profitability and ROE, including loan pricing analytics
  • Developing robust FP&A policies, processes and controls
  • Interfacing with senior (ExCo) management and board on financial forecasting and performance matters

 

Skills and experience:

  • Ideally ACA/CIMA/ACCA qualified
  • Experience in managingfully integrated, multi-entity, P&L, balance sheet and cash flow models including group consolidations
  • Ability to synthesise asset and liability modelling to a higher level single financial model, incorporating IFRS 9 provisioning standards
  • Familiarity with and understanding of granular (loan level) asset modelling would be an advantage 
  • Experience with modelling warehouse financing and securitisations (as primary liability tools) would be an advantage

 

 

The ideal candidate will have strong modelling skills and be able to work autonomously and excited about the challenge of scaling up a consumer lending business in a data driven automated environment.  In return you will be part of a fintech lender at a very exciting time in their growth and can expect a salary of between £65 - £75k + benefits.