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Role Title Finance Analyst

Business Function Finance

Location Wrexham / Hybrid

Who we are & what we do

Founded in 2016, Chetwood is a new kind of bank. We create targeted products to make people better off.

Unlike traditional banks, we’re not looking to build a customer base and then cross-sell to them. Instead, we focus on distinct customer segments that are underserved by the market, creating innovative products to meet their needs. We do this through different brands, not one, because what works for one customer isn’t necessarily right for all customers. We also do this for other industries and companies too, offering them white-labelled products with no upfront investment.

We come from a diverse range of backgrounds and experiences, and it’s because of this that we’re able to challenge every aspect of how financial services operate today and build unique and dynamic products for our customers.

We’re always on the lookout for exceptional talent to join the team. We’re looking for people who share our belief in challenging conventions and making a positive difference for our customers

Role Purpose

Reporting to the Finance Operations Manager, the Finance Analyst is a varied role, primarily responsible for the oversight and reporting of the bank’s growing mortgage and savings books that would include the monthly accounting processes (including the reconciliation of balance sheet accounts) and analytical review of those accounts to ensure movements are understood and can be explained by key stakeholders within the business.

Chetwood has only recently initiated its mortgage lending products and so much of this role at the outset would involve establishing new or improving existing processes, ensuring automation and is at the forefront of design and implementation.

A can-do attitude and a continuous improvement mindset is a must, Chetwood has a multi-product balance sheet, every day is varied and all suggestions are welcomed. We’re looking for someone who can identify inefficiencies, challenge the way we do things and be a team player within the finance team to help iterate change.

Responsibilities

• Implementing financial processes and controls around the bank’s mortgage lending operations, which would involve collaborating with internal and external stakeholders of the business and input into the creation of a data warehouse.
• Ensuring timely and accurate reporting of daily mortgage completions into the general ledger system.
• Various monthly processes and reconciliations to both source systems and external data feeds to ensure the accuracy of month-end reporting.
• Reconciliation of savings balances and accrued interest.
• Running effective interest rate models and analysing data output to ensure veracity of numbers, and being able to confidently speak to those numbers to senior stakeholders within the business.
• Communications with and reporting to external stakeholders.
• Management and processing of daily payments in respect of the mortgage and savings books.
• Supporting the Finance Operations Manager in the creation of the monthly reporting pack in accordance with IFRS.
• Preparation of journal entries such as interest rate swap accruals, ensuring detailed support and accuracy of entries.

Skills and Experience

• A qualified accountant with at least 1 years PQE – ACA, ACAS, ACCA, CIMA
• Good excel skills necessary
• Continuous improvement mindset, proactive in looking for better ways to do things, unafraid to challenge the status quo.
• Good understanding of IFRS.
• Comfortable working autonomously and adept at both managing and adapting the prioritisation of tasks.
• Self-motivator with strong planning and organisational skills.
• Strong communication and presentation skills, and the ability to communicate effectively to a wide range of stakeholders across the business.
• Strong analytical skills and ability to clearly explain the ‘why’.
• Experience in financial services would be an advantage.
• Experience of working with mortgage products would be an advantage.
• Experience in financial reporting (involvement with statutory accounts and management accounts) or external audit would be an advantage.

What we offer

• A fantastic opportunity to contribute, challenge and learn as we build a bank from scratch
• A relaxed, sociable and flexible working environment.
• Great benefits include: life insurance, pension, private medical insurance (including dental and optical), free breakfast and drinks, monthly social events.
• Competitive salary.
• Opportunity to be part of a well funded, progressive and exciting Fintech.

Chetwood Highlights

Here are just a few examples of what we’ve achieved so far and what’s coming soon:

• Secured strategic investment from Elliott Advisors of £150mil of capital, underpinning the planned growth of the business over the next few years.
• Secured a full banking licence from the PRA in 2018 - the only retail bank to do so that year.
• Launched the LiveLend Reward Loan; the world’s first dynamic loan that responds to improvements in customers’ credit score.
• Secured several distribution partnerships with our lending product and have already seen 400%+ growth in new business since 2019.
• Launched SmartSave; providing customers with a simple, online savings account at a great rate.
• Achieved and maintained an ‘Excellent’ Trustpilot rating from both lending and savings customers.
• Launched Wave Credit Card; digital first credit card available to use immediately after successful application.
• Acquired Yobota - a FinTech company delivering core banking platform underpinning number of loans and savings products on the market.

Chetwood Financial Ltd does not accept speculative or unsolicited CVs from Recruitment Agencies.

Any unsolicited CVs received will be treated as the property of Chetwood Financial and Terms & Conditions associated with the use of such CVs will be considered null and void.