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Financial Controller

Job LocationLondon
EducationNot Mentioned
Salary£60,000 - £70,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Aave is looking for a Financial Controller that leads the finance front in our company. You will be leading to reorganize the financial control at Aave by improving our policies and procedures. Your main goal is to ensure the day-to-day financial operations at Aave and help the team to solve economical aspects of product development. You would also have full oversight on financial regulatory filings related to Electronic Money activities and client’s funds management. Interesting twist at Aave would be the learning of cryptoaccounting and decentralized finance (DeFi) by fitting these functions into the accounting standards and policies.Accounting and reporting

  • Manage all accounting operations including Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting (treasury) and Revenue Recognition; all these parts include cryptocurrency accounting or tokenized assets
  • Understand, execute and develop all required finance activities across the function including but not limited to Management Accounting, Financial Accounting, sales ledger, reconciliation, cash, budgeting, forecasting, commercial finance and systems
  • Prepare and publish timely monthly financial statements and Management Accounts
  • Ensuring accuracy and reliability of the Company’s accounting systems; that all financial transactions are properly recorded, filed, and reported; and that balance sheet accounts are properly reconciled
  • Creating monthly and annual reports to identify results, trends, and financial forecasts
  • Ensuring accuracy of the payroll system and ensuring timely payments to employees, government agencies, pension scheme, etc
  • Complying with all statutory reporting requirements including VAT etc
  • Helping to design and set up a bi-weekly KPI reporting pack, Cash flow forecasting, reporting and presentation to the CEO
  • Direct reporting line to the CEO on finance compliance
  • Coordinate the preparation of regulatory reporting including according with FCA handbook and FCA Returns and coordination with external auditors
  • Financial Controls
  • Management and delivery of robust financial policies, controls, processes and systems
  • Developing budgets and financial plans for the company supported by data
  • Development of financial control and compliance processes
  • Being closely involved in the specification, implementation and management of new systems
  • Checking operational reports and data to check for errors and inconsistencies
  • Managing cash flow by tracking debtors and creditors, and regularly reviewing data
  • Liaising with the bank or other agencies in foreign currency dealings, under the direction of the Finance Director
  • Producing reports to comply with government regulations and legal requirements
  • Support month-end and year-end accounts closing process and ensure quality control over financial transactions and financial reporting
  • Credit control and bank reconciliation
  • Develop and document business processes and accounting policies to maintain and strengthen internal controls
  • Additional controller duties as necessary
  • Assists the product team with the crypto economic incentives of the product offerings
  • Audit monthly purchases and accounts
  • Manage Company’s treasury and investments
  • Team management
  • Supervise, develop, motivate and manage accounting assistant
  • Interaction and lead between group companies accounting firms
  • Your daily duties will include:
  • Manage accounts payable and ensure all suppliers are paid - entering supplier invoices, cheque donations into accounting software
  • Entering bank transactions and reconciling UK bank accounts
  • Maintain, monitor and reconcile the petty cash expenditure
  • Preparation of weekly payment runs for review and authorisation
  • Process and reconcile monthly credit and purchasing card expenditure
  • Upload regional office monthly expenditure into accounting software
  • Create purchase orders and GRNs for supplier invoices
  • Support the assistant with key financial accounting activities including journal entries, restricted/unrestricted income, intercompany transactions, balance sheet reconciliations
  • Key requirements:
  • ACA, ACCA, CIMA qualified with 2+ years experience in industry
  • Experienced in preparation of financial accounts under UK GAAP and/or IFRS
  • Applicable degree
  • Experience with accounting software such as Xero
  • Strong understanding of UK tax legislation
  • Experience in FinTech and/or startups/scaleups is advantage
  • Ability to produce output to meet strict timelines
  • Appetite to work in a fast forward moving growth environment
  • Ability to solve problems and participate in brainstorming
  • You’re eager to learn about cryptocurrencies and cryptoeconomics
  • Knowledge of credit or finance markets is advantage but not essential
  • Knowledge of investment accounting and experience of working with investment funds would be an added advantage but is not essential
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